Journal of Contemporary Management Sciences: Volume 2, Issue 1, Spring 2016
19 PagesPosted: 22 Aug 2018
See all articles by Ahmed Imran Hunjra
Ahmed Imran Hunjra
International University of Rabat - Rabat Business School; Ghazi University, Dera Ghazi Khan ; Pir Mehr Ali Shah Arid Agriculture University Rawalpindi (PMAS); University of Waikato
Salman Qureshi
Allama Iqbal Open University - Department of Business Administration
Lubna Riaz
Pir Mehr Ali Shah Arid Agriculture University Rawalpindi (PMAS)
Date Written: 2016
Abstract
In the current days, behavioral finance, a new financial sub discipline has ignited a wave in explaining the investment decisions behavioral aspects and is becoming a necessary part of the decision making process because of its great impact on decision making behavior of investors’. The current study aim is to check the questionnaire validity which is used to measure the main determinants of decision-making of investment such as Propensity of Risk, Framing of Problem, Information Asymmetry, and Perception of Risk. 100 investors from Islamabad Stock Exchange depending upon their expert opinion were requested to rate the 39 items initial scale. By using AMOS version 16, after applying confirmatory factor analysis, the instrument of twenty two items is finalized. Future research may be conducted to test the model by using the data collected by this refined instrument in Pakistani Scenario.
Keywords: Confirmatory Factor Analysis, Validity, Perception of Risk, Propensity of Risk, Information Asymmetry, Investment Decisions
Suggested Citation:Suggested Citation
Hunjra, Ahmed Imran and Qureshi, Salman and Riaz, Lubna, Psychological Factors and Investment Decision Making: A Confirmatory Factor Analysis (2016). Journal of Contemporary Management Sciences: Volume 2, Issue 1, Spring 2016, Available at SSRN: https://ssrn.com/abstract=3229744
Ahmed Imran Hunjra (Contact Author)
International University of Rabat - Rabat Business School ( email )
Technopolis Rabat-Shore Rocade Rabat-Salé
Rabat, 11103
Morocco
Ghazi University, Dera Ghazi Khan ( email )
Airport road D G Khan
Dera Ghazi Khan
Pakistan
Pir Mehr Ali Shah Arid Agriculture University Rawalpindi (PMAS) ( email )
Muree Road Rawalpindi
Shamsabad, Punjab 44000
Pakistan
00923457162527 (Phone)
University of Waikato ( email )
Te Raupapa
Private Bag 3105
Hamilton, Waikato 3240
New Zealand
Salman Qureshi
Allama Iqbal Open University - Department of Business Administration ( email )
Sector H-8
Islamabad, Punjab 44000
Pakistan
Lubna Riaz
Pir Mehr Ali Shah Arid Agriculture University Rawalpindi (PMAS) ( email )
Rawalpindi, 44000
Pakistan