Year: 2008
Type: article
Study design: Observational Study
Abstract: We examine several psychological antecedents to both short-term and long-term investment intentions, with specific focus on the Big Five personality taxonomy. The effects of specific person- ality traits are evaluated using structural equation modeling (SEM). Our results indicate that individ- uals who are more extraverted intend to engage in short-term investing, while those who are higher in neuroticism and/or risk aversion avoid this activity. Risk adverse individuals also do not engage in long-term investing. Individuals who are more open to experience are inclined to engage in long-term investing; however, openness did not predict short-term investing. The implications of these findings are discussed.
Source: Financial Services Review
Authors: Cliff Mayfield, Grady Perdue, Kevin Wooten
Institution: University of Houston - Clear Lake
Language: English
Subfield: Accounting
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W1536435379