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Decision-Making in the Hong Kong Bank Stock Market

Author

Listed:
  • Tai-Yuen HON
  • Richard C. LAM

    (Hong Kong Shue Yan University, China.)

Abstract

This paper investigates the decision-making of small investors in the Hong Kong bank stock market.The objective of this study was to search the factors, investing characteristics, and decision-making processes that affect Hong Kong small investors who participate in bank stock market.The results suggest that we can derive the following ascending order of importance of factors:reference group, stock nature, returnsperformance and bank performance. Reference group is the least important factor and bank performance is the most important factor. We used Kendall rank correlation coefficients to measure thedifferent ranking of factorsand are therefore attempting to give advice for financial advisers approaching target customers in Hong Kong.

Suggested Citation

  • Tai-Yuen HON & Richard C. LAM, 2015. "Decision-Making in the Hong Kong Bank Stock Market," Journal of Economics and Political Economy, EconSciences Journals, vol. 2(4), pages 481-493, December.
    • Handle: RePEc:cvv:journ1:v:2:y:2015:i:4:p:481-493
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    Keywords

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    JEL classification:

    • G02 - Financial Economics - - General - - - Behavioral Finance: Underlying Principles
    • G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)
    • G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions

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