EXCEL International Journal of Multidisciplinary Management Studies
  • Year: 2018
  • Volume: 8
  • Issue: 3

Impact of personality traits on investment decision in stock market

  • Author:
  • M. Babu1, C. Dhanalakshmi2, C. Hariharan3
  • Total Page Count: 11
  • Page Number: 43 to 53

1Assistant Professor, Bharathidasan School of Management, Bharathidasan University, Thiruchirappalli, Tamil Nadu

2No.17, 3Rd Cross, Badvarasanga, Lakkasandra, Bangalore, Karnataka

3Ph. D Research Scholar, Bharathidasan School of Management, Bharathidasan University, Thiruchirappalli, Tamil Nadu

JEL Classification: E44, G19, G23.

Abstract

The present research paper aims to investigate, the impact of demographic/socio economic profile of the stock market investors and their personality traits, on investment decision. A structured questionnaire was used, to collect data from 123 respondents, in Tiruchirappalli District, Tamil Nadu, on the basis of convenience sampling. By using Chi square and Factor Analysis, the study found that majority of demographical variables were not associated with short term and long term investment decisions, which indicated that demographical variables did not influence the investment decision of investors. Results of Factors analysis showed that all the personality traits such as Neuroticism, Extraversion, Openness, Agreeableness, and Conscientiousness did influence the investment decision of investors in the stock market.

Keywords

Stock market, Personality Traits, Investment decision and demographic/socio economic profile