Does Self-attribution Impact on Investor Perception About Cryptocurrency Market Efficiency? The Mediating Role of Overconfidence

Raja Nabeel-Ud-Din Jalal () and Simona Leonelli ()
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Raja Nabeel-Ud-Din Jalal: Università Degli Studi G.d’A Chieti-Pescara
Simona Leonelli: University of Padua

A chapter in Exploring Innovation in a Digital World, 2021, pp 137-150 from Springer

Abstract: Abstract The paper aims to explore the self-attribution bias impact on investor perception about cryptocurrency market efficiency with mediating role overconfidence in the relation of self-attribution with perceived market efficiency. We opted to collect data via a convenience sampling technique by using electronic questionnaires and limiting our study to European cryptocurrency investors. Structural Equation Modelling outcomes indicate no significant impact of self-attribution bias on perceived market efficiency. Whereas it was found that overconfidence bias has a significant effect on perceived efficiency. Further, the decomposition analysis indicated the presence of the mediating effect of overconfidence in the relationship of self-attribution with perceived market efficiency.

Keywords: Self-attribution; Overconfidence; Cryptocurrency market; Perceived market efficiency (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:lnichp:978-3-030-87842-9_11

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DOI: 10.1007/978-3-030-87842-9_11

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