The Effect of Herding Behavior on Investment Decision: Moderating Effect of Over-Confidence
Journal Title: Qlantic Journal of Social Sciences and Humanities - QJSSH - Year 2024, Vol 5, Issue 3
Abstract
The main objective of the present study is to investigate the relationship between herding behavior (HB) and investor investment decision (ID). A questionnaire adapted from past research was used to gather data from 400 SME investors in Khyber Pakhtunkhwa, Pakistan. The researcher manually collected data using a random sample approach, developing a cross-sectional survey questionnaire for the study. Using SPSS V-24, regression analysis showed that herding behaviour affects SME investor investment decisions, confirming the study's hypotheses and providing insight into Pakistani SME investors' investment decisions. The reliability statistics showed that all the variables are reliable. Herding behavior, overconfidence, and investment decisions are positively and significantly correlated. The regression model shows that herding behaviour affects investors' investing investment decisions. HB and ID are moderated by overconfidence. Moreover, this type of study is carried out utilizing cross-sectional data. This information can only reveal the full impact that an indicator variable has on a certain model variable at a given moment. Hence, it is recommended that longitudinal research be carried out instead in order to get more significant insights from the participants.
Authors and Affiliations
Taimoor Ali Shah Naveed Ibrar Hussain
Keywords
Related Articles
- EP ID EP747058
- DOI 10.55737/qjssh.381051524
- Views 59
- Downloads 0
Effects of Time Management on Male Students’ Academic Achievement
Time management plays a key role in a person's success. Relevant literature established that a relationship exists between time management and the academic achievement of students. The study focused on the undergraduate...
Analyzing Power Dynamics in Pakistani Political Discourse: A CDA-Based Study
Power exists in various modalities and political discourses are one of the important sites for negotiating and exercising power. The data for the present study was collected from the speeches of the Nawaz Sharif (PMLN) l...
Occupational and Environmental Health Hazards among Agriculture Laborers: An Evidence-Based Study from Punjab, Pakistan
Laborers from the agriculture sector have often been victims rather than beneficiaries of the green revolution, technological development, and globalization trends that characterized the 20th century. In recent decades,...
Perfectionism and Body Dysmorphic Disorder Symptoms among Men Seeking and Not Seeking Hair Transplant
The study was intended to examine the relationship of perfectionism with body dysmorphic disorder symptoms among men seeking and not seeking hair transplants. For this purpose, the cross-sectional method was used. The st...
Placement of Adverbials in Pakistani English: A Pedagogical Perspective
This study aims to analyze the variation in the placement of adverbials in the non-native variety of English i.e. Pakistani English. From the current pedagogical point of view, the placement of adverbials in Pakistani En...