Gender differences and factors that affect stock investment decision of Western Canadian investors

Amarjit Gill and Nahum Biger

International Journal of Behavioural Accounting and Finance, 2009, vol. 1, issue 2, 135-151

Abstract: This study examines the effects of: 1) investment expertise, 2) familiarity with accounting information, 3) knowledge of 'neutral information', 4) consultation with investment advisors on investors' decisions to invest in stocks. Investors from Western Canada were surveyed in order to gather information and estimate these factors and their relationship with their investment decisions. Subjects were asked about their beliefs and feelings regarding their decision to invest in the stock market. We found that their degree of stock investment decision is related to the degree of their own perceptions about their: 1) investment expertise, 2) general knowledge of neutral information, 3) consultation with investment advisors. We also found that the effects of these factors differ with investors' familiarity with accounting information. Gender plays an important role and the nature of the relationship between these factors and the propensity and intensity of investment in stocks differs between male and female individuals. The findings may be useful for investment managers.

Keywords: stock investments; gender differences; performance; investment decisions; investment expertise; accounting information; neutral information; investment advisors; Western Canada; stock market. (search for similar items in EconPapers)
Date: 2009
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.inderscience.com/link.php?id=27449 (text/html)
Access to full text is restricted to subscribers.

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:ids:ijbeaf:v:1:y:2009:i:2:p:135-151

Access Statistics for this article

More articles in International Journal of Behavioural Accounting and Finance from Inderscience Enterprises Ltd
Bibliographic data for series maintained by Sarah Parker ().