Impact of Investing Characteristics on Financial Performance of Individual Investors: An Exploratory Study

Poompak Kusawat and Nopadol Rompho

Papers from arXiv.org

Abstract: This exploratory study examines which investing characteristics determine success in an equity market. Based on data from 403 respondents, exploratory factor analysis results in 13 factors: middle/long time horizon, qualitative analyst, open-minded/disciplined, organized, emotional stability, na\"ive, growth stock, concentrated portfolio, contrarian, value stock, globalized, intrinsic value, and price-independent. Multiple linear regression of individual investors' excess return on these factors show statistically significant relationship. These results deepen our knowledge on what sort of investing characteristics are required to survive in equity markets.

Date: 2023-11
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Published in IEEE International Conference on Industrial Engineering and Engineering Management (IEEM), 2019, pp. 654-658

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Persistent link: https://EconPapers.repec.org/RePEc:arx:papers:2311.00384

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