Decision-Making in the Hong Kong Bank Stock Market

Tai-Yuen Hon and Richard C. Lam ()
Additional contact information
Richard C. Lam: Hong Kong Shue Yan University, China.

Journal of Economics and Political Economy, 2015, vol. 2, issue 4, 481-493

Abstract: This paper investigates the decision-making of small investors in the Hong Kong bank stock market.The objective of this study was to search the factors, investing characteristics, and decision-making processes that affect Hong Kong small investors who participate in bank stock market.The results suggest that we can derive the following ascending order of importance of factors:reference group, stock nature, returnsperformance and bank performance. Reference group is the least important factor and bank performance is the most important factor. We used Kendall rank correlation coefficients to measure thedifferent ranking of factorsand are therefore attempting to give advice for financial advisers approaching target customers in Hong Kong.

Keywords: Investment decision; smallinvestors; bank stock markets; Hong Kong. (search for similar items in EconPapers)
JEL-codes: G02 G10 G11 (search for similar items in EconPapers)
Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.kspjournals.org/index.php/JEPE/article/download/482/587 (application/pdf)
http://www.kspjournals.org/index.php/JEPE/article/view/482 (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:ksp:journ1:v:2:y:2015:i:4:p:481-493

Access Statistics for this article

Journal of Economics and Political Economy is currently edited by Bilal KARGI

More articles in Journal of Economics and Political Economy from KSP Journals Istanbul, Turkey.
Bibliographic data for series maintained by Bilal KARGI ( this e-mail address is bad, please contact ).