The role of personality traits in investors trading behaviour: empirical evidence from Greek

Dimitrios Kourtidis, Prodromos Chatzoglou and Zeljko Sevic

International Journal of Social Economics, 2017, vol. 44, issue 11, 1402-1420

Abstract: Purpose - The purpose of this paper is to examine whether, and to what extent, specific personality traits drive investors’ trading behaviour. Design/methodology/approach - This study investigates these assumptions in an innovative way by employing an integrated model and using structural equation modelling analysis to examine them simultaneously as they would occur in the complex real world environment. Findings - The results provide strong evidence that these personality traits influence investors’ trading behaviour and stock trading performance. The most powerful relationships are found to be those between over-confidence and stock trading volume, frequency and performance. Originality/value - To the best of the authors’ knowledge there is no any similar study. This paper is the authors’ original unpublished work and it has not been submitted to any other journal for reviews.

Keywords: Behavioural finance; Trading activity; Trading behaviour; Model analysis; D14; G10; G11; O16 (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eme:ijsepp:ijse-07-2014-0151

DOI: 10.1108/IJSE-07-2014-0151

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