Are Amman Stock Exchange Investors Overconfident?

Abu Khalaf K. Bashar and Firas Y. Hammash
Additional contact information
Abu Khalaf K. Bashar: School of Business, The University of Jordan, Jordan,
Firas Y. Hammash: The University of Jordan, Amman, Jordan

International Journal of Economics and Financial Issues, 2017, vol. 7, issue 2, 7-10

Abstract: This study highlights the factors that affect investors' overconfidence. Since the overconfidence is considered one of the major psychological traits that impact the investment decision in Amman stock exchange (ASE), the importance of this study emerge through the importance of the investment decision itself. Accordingly, this paper studies overconfidence and number of its originators through structured questionnaire. The six factors we focus on include experience, financial knowledge, academic qualifications, opinions of financial advisors, and past performance of the stock. We randomly manage to get 250 respondents' sample of ASE traders. The results indicate that the investor overconfident is significantly increased by experience and financial knowledge factors.

Keywords: Overconfidence; Amman Stock Exchange; Behavioral Finance; Experience; Financial Knowledge (search for similar items in EconPapers)
JEL-codes: E44 (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.econjournals.com/index.php/ijefi/article/download/3849/pdf (application/pdf)
http://www.econjournals.com/index.php/ijefi/article/view/3849/pdf (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eco:journ1:2017-02-02

Access Statistics for this article

International Journal of Economics and Financial Issues is currently edited by Ilhan Ozturk

More articles in International Journal of Economics and Financial Issues from Econjournals
Bibliographic data for series maintained by Ilhan Ozturk ().