Emotion and Investment Returns: Situation and Personality as Moderators in a Stock Market
Year: 2014
Type: article
Abstract: Using a simulated stock investment system we examined the relationship between investors' emotions and their investment returns, and the moderating effect of personality and situation in a stock market. Participants were undergraduate students from 6 universities. The results showed that: (a) investors' positive emotions were positively correlated with investment returns in a market with a unilaterally rising price, and the moderating effect of extraversion was significant; (b) investors' negative emotions were negatively correlated with investment returns in a market with a unilaterally falling price, and the moderating effect of neuroticism was significant.
Authors: Haocheng Wang, Jian Zhang, Limin Wang, Shuyi Liu
Language: English
Subfield: Finance
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W1995180080