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العنوان
The Relationship between different media channels and individual investors` behaviors and investment decisions :
المؤلف
El-Agamy, Lamees Mohsen Mahmoud.
هيئة الاعداد
باحث / لميس محسن محمود العجمى
مشرف / سعد عبدالحميد مطاوع
مشرف / منى ابراهيم دكرورى
مناقش / طلعت أسعد عبدالحميد
مناقش / عائشة مصطفى المنباوى
الموضوع
Business Administration. Stock market. Investments. Partial least squares.
تاريخ النشر
2020.
عدد الصفحات
p. 119 :
اللغة
الإنجليزية
الدرجة
الدكتوراه
التخصص
الأعمال والإدارة والمحاسبة (المتنوعة)
تاريخ الإجازة
1/1/2020
مكان الإجازة
جامعة المنصورة - كلية التجارة - قسم إدارة الأعمال.
الفهرس
Only 14 pages are availabe for public view

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Abstract

This study aims to investigate directly, and indirectly, the relationships between individual investors’ usage of media and media credibility, individual investors’ behavioral biases/factors (overconfidence, investors’ sentiment, herding, risk tolerance, and financial satisfaction), and their investment decisions at the Egyptian stock market. We have studied these relationships using the partial least squares (PLS) approach. A conceptual framework was developed to test the relationship between the study’s variables. In order to collect primary data, a questionnaire was designed and data has been collected from individual investors at the Egyptian stock market. The valid questionnaires are 240. SPSS and Smart PLS software have been used to analyze the primary data, and to measure the direct and indirect relationships between more than two variables. The results of this study mainly show that individual investors’ media usage and media credibility have a significant direct positive effect on their behavioral biases/factors and on their investment decisions. Furthermore, behavioral biases/factors (overconfidence, investors’ sentiment, herding, and financial satisfaction) have a significant positive effect on investors’ investment decisions. The results of this study also show that behavioral biases/factors (overconfidence, investors’ sentiment, herding, risk tolerance and financial satisfaction) partially mediate the relationship between investors’ usage of media and media credibility, and their investment decisions. Some theoretical and practical implications of these findings are discussed.