IDEAS home Printed from https://ideas.repec.org/p/ekd/006356/7104.html
   My bibliography  Save this paper

Individual investors’ stock buying behavior: Does experience matter in a developing economy stock market

Author

Listed:
  • Osaro Agbontaen
  • Enase Okonedo

Abstract

Investigate how retail investors determine their stock trading through experience to achieve the desired portfolio returns. To examine how retail investors coordinate their expected returns and perceived risk. Verify how retail investors’ trade potentials augment transactions on the stock market in a developing economy. Ascertain how retail investors’ forecasting ability is influenced by their trading experiences. Disclose how experience aids the prospects of trade performance and deduces how retail investors adjust their risk trading behavior.Fixed regression modelThe results obtained revealed that experience do not strongly dictate retail investors’ willingness to carry out a purchase on the stock market but experience is essential for stock sales transactions. We obtained evidences that it influences trade quality. Overconfidence in trading was noticed to influence retail investors’ transactions on the stock market. Subsequently, they adjusted their possibilities to trade which in turn enhanced their prospects to trade off their investments.

Suggested Citation

  • Osaro Agbontaen & Enase Okonedo, 2014. "Individual investors’ stock buying behavior: Does experience matter in a developing economy stock market," EcoMod2014 7104, EcoMod.
    • Handle: RePEc:ekd:006356:7104
    as

    Download full text from publisher

    File URL: http://ecomod.net/system/files/IndividualInvestorsStockBuyingBehaviourDoesExpMatterLDC.docx
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    Nigeria; Finance; Developing countries;
    All these keywords.

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ekd:006356:7104. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Theresa Leary (email available below). General contact details of provider: https://edirc.repec.org/data/ecomoea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.