Journals / Erciyes Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi / 2020 / Sayı: 1

THE EFFECT OF PROFESSIONAL EXPERIENCE AND PERSONALITY CHARACTERISTICS ON INVESTMENT BEHAVIOR: A RESEARCH ON ACADEMICIANS

MESLEKİ TECRÜBE VE KİŞİLİK ÖZELLİKLERİNİN YATIRIM DAVRANIŞI ÜZERİNE ETKİSİ: AKADEMİSYENLER ÜZERİNE BİR ARAŞTIRMA

Pages
451–475
Publication Date
2020-12-25
DOI
—
🏛️Bibliographic metadata and full text access for this article are provided via DergiPark.
DergiPark Record ↗
✨

AI Summary & Key Takeaways

AI Insight
⚡ TL;DR(Too Long; Didn't Read)

As a result of the study, it has been revealed that in general, professional experience and personality characteristics have an effect on the investment behavior of academicians from different points of view.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:Factors affecting investment behaviors are multidimensional and they are important for understanding the investment process.
📊
Key Findings & Data:In this context, it can be said that financial experts have a different place in terms of financial investments.
💡
Conclusion & Impact:As a result of the study, it has been revealed that in general, professional experience and personality characteristics have an effect on the investment behavior of academicians from different points of view.
🔬Design:Research Article
📍Scope:Comprehensive Sample
⚙️Variables:Yatırım Davranışı · Akademisyenler · Finansal Uzmanlık

Abstract

Factors affecting investment behaviors are multidimensional and they are important for understanding the investment process. In this context, it can be said that financial experts have a different place in terms of financial investments. Because, in general, it is accepted that financial experts have advantages such as education, experience, access to information and ability to analyze and therefore make more successful investment decisions compared to ordinary investors. Besides all these, financial experts are also human and decision-making processes are under the effect of psychology. Academicians, working in the field of accounting-finance at universities are seen as financial experts in terms of society, such as fund managers, investment experts, and analysts. From this point on, in this study the investment behavior of academicians that working in accounting and finance in Turkey has been investigated. As a result of the study, it has been revealed that in general, professional experience and personality characteristics have an effect on the investment behavior of academicians from different points of view.

Özet

Yatırım davranışlarını etkileyen faktörler, çok boyutluluk arz etmekte olup yatırım sürecinin anlaşılabilmesi bakımından önemlidir. Bu kapsamda finansal uzmanların ayrı bir yeri olduğu söylenebilir. Zira genel olarak, finansal uzmanların aldıkları eğitim, deneyim, bilgiye erişim imkanı ve analiz yeteneği gibi avantajları olduğu ve dolayısıyla sıradan yatırımcılara kıyasla daha başarılı yatırım kararları aldıkları kabul edilmektedir. Bütün bunların yanında finansal uzmanlar da insandırlar ve karar alma süreçleri psikolojinin etkisi altındadırlar. Üniversitelerde muhasebe-finans alanında çalışmakta olan akademisyenler, fon yöneticileri, yatırım uzmanları, analistler gibi toplum açısından finansal uzmanlar olarak görülürler. Bu noktadan hareketle, bu çalışmada Türkiye’de muhasebe-finansman alanında çalışmakta olan akademisyenlerin yatırım davranışları araştırılmıştır. Çalışmanın sonucunda, genel olarak mesleki tecrübe ve kişilik özelliklerinin farklı açılardan akademisyenlerin yatırım davranışları üzerinde etkili olduğu ortaya koyulmuştur.

🔖

Cite This Article

SEVİM, U., KARAVARDAR, A. (2020). THE EFFECT OF PROFESSIONAL EXPERIENCE AND PERSONALITY CHARACTERISTICS ON INVESTMENT BEHAVIOR: A RESEARCH ON ACADEMICIANS. Erciyes Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, Sayı: 1, 451–475. https://ajindex.com/articles/118837

📄 Full Text PDF Viewer

📄

PDF görüntüleyici hazırlanıyor...

References (19)

  1. Ahern, K., Duchin, R. ve Shumway, T. (2014). Peer effect in risk aversion and trust, Review of Financial Studies 27 (11), 3213-3240.
  2. Albayrak, A. S. (2016). Lojistik Regresyon Analizi. Şeref KALAYCI (ed.). SPSS Uygulamalı Çok Değişkenli İstatistik Teknikleri içinde (s. 273-298).
  3. Ankara, Türkiye: Asil Yayın. Alevy, J., Haigh, M. ve List, J. (2007). Information cascades: Evidence from a field experiment with financial market professionals, Journal of Finance, 62 (1), 151-180.
  4. Barberis, N., Huang, M. ve Santos, T. (2001).
  5. Prospect theory and asset prices, The Quarterly Journal of Economics 116 (1), 1-53.
  6. Barnea, A., Cronqvist, H. ve Siegel, S. (2010). Nature or nurture: what determines investor behavior? Journal of Financial Economics, 98, 583-604.
  7. Bateman, H., Eckert, C. Geweke, J. Louviere, J. Satchell, S. ve Thorp, S. (2015). Risk presentation and portfolio choice, Review of Finance, 20 (1), 201-229.
  8. Bell, D. E. (1995). Risk, return, and utility. Management Science 41 (1), 23-30.
  9. Bodnaruk, A. ve Simonov, A. (2015). Do financial experts make better investment decisions?. Journal of financial Intermediation, 24(4), 514-536.
  10. Bontempo, R. N., Bottom, W. P., ve Weber, E. U. (1997). Cross‐cultural differences in risk perception: A model‐based approach. Risk analysis, 17(4), 479-488.
  11. Brooks, P. ve Zank, H. (2005).
  12. Loss averse behavior, Journal of Risk and Uncertainty 31(3), 301–325.
  13. Burns, P. (1985). Experience in decision making: A comparison of students and businessmen in a simulated progressive auction, in V. L. Smith, (Ed.), Research in Experimental Economics. JAI Press,
  14. Greenwich. Cesarini, D., Dawes, C. Johannesson, M. Lichtenstein, P. ve Wallace, B. (2009). Genetic variation in preferences for giving and risk taking, Quarterly Journal of Economics 124 (2), 809-842.
  15. Cesarini, D., Johannesson, M., Lichtenstein, P., Sandwell, O. ve Wallace, B. (2010), Genetic variation in financial decision-making, Journal of Finance, 65 (5), 1725-1754.
  16. Cesarini, D., Johannesson, M., Magnusson, P. K. ve Wallace, B., (2012), The behavioral genetics of behavioral anomalies. Management Science, 58, 21-34.
  17. Cipriani, M., ve Guarino, A. (2009). Herd behavior in financial markets: an experiment with financial market professionals. Journal of the European Economic Association, 7(1), 206-233.
  18. Cohn, A., Fehr, E., ve Maréchal, M. A. (2014). Business culture and dishonesty in the banking industry. Nature, 516(7529), 86-89.
  19. Cronqvist, H., Siegel, S., ve Yu, F. (2015). Value versus growth