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Pascual Ezama, D., Gil-Gómez De Liaño, B., & Scandroglio, B. (2012). Economy, psychology and stock investment: analysis of variables that participate in the process of decision making. International Journal of Psychological Research, 5(1), 5–17. https://doi.org/10.21500/20112084.744
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The editorial board reserves the right of amendments deemed necessary in the application of the rules of publication.
To give up copyright, the authors allow that, International Journal of Psychological Research, distribute the work more broadly, check for the reuse by others and take care of the necessary procedures for the registration and administration of copyright; at the same time, our editorial board represents the interests of the author and allows authors to re-use his work in various forms. In response to the above, authors transfer copyright to the journal, International Journal of Psychological Research. This transfer does not imply other rights which are not those of authorship (for example those that concern about patents). Likewise, preserves the authors rights to use the work integral or partially in lectures, books and courses, as well as make copies for educational purposes. Finally, the authors may use freely the tables and figures in its future work, wherever make explicit reference to the previous publication in International Journal of Psychological Research. The assignment of copyright includes both virtual rights and forms of the article to allow the editorial to disseminate the work in the manner which it deems appropriate.
The editorial board reserves the right of amendments deemed necessary in the application of the rules of publication.
Abstract
The ININBE questionnaire has been recently validated in order to measure the variables that affect individual investor behavior in stock exchange. The lack of information about the methodology, items selection and psychometric properties of the instruments used in other researches has shown the necessary to elaborate and validate a questionnaire. In the present work we have applied the ININBE questionnaire to 257 individual investors. We have found interesting results about the relationship between the “psychological” and “economical” variables with individual investor’s characteristics.
References
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Goetzmann, W. N. & Kumar, A. (2001). Equity portfolio diversification. NBER Working Paper Series, December.
Blume, M. E. & Friend, I. (1978). The changing role of the individual investor: A twentieth century fund report. New York: Wiley.
Brown, J. R. & Weisbenner, S. J. (2007). Who chooses defined contribution plans? National Bureau of Economic Research, The latest working papers. Retrieved from http://www.nber.org/papers/w12842
Cohn, R. A., Lewellen, W. G., Lease, R. C., & Schlarbaum, G. G. (1975). Individual Investor Risk Aversion and Investment Portfolio Composition. Journal of Finance, 30(2), 605-620.
De Miguel, V., Garlappi, L., & Uppal, R. (2007). Optimal versus naive diversification: How inefficient is the 1/n portfolio strategy? The review of financial studies, 22(15), 1915-1953.
Goetzmann, W. N. & Kumar, A. (2001). Equity portfolio diversification. NBER Working Paper Series, December.
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