Index

Citation

Bonello, A. (2019), "Index", Grima, S. and Spiteri, J. (Ed.) Understanding the Investor: A Maltese Study of Risk and Behavior in Financial Investment Decisions, Emerald Publishing Limited, Leeds, pp. 295-298. https://doi.org/10.1108/978-1-78973-705-920191007

Publisher

:

Emerald Publishing Limited

Copyright © 2019 Emerald Publishing Limited

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INDEX

Note: Page numbers followed by “n” with numbers indicate notes.

Advice

, 170–181., (see also financial advisors)

disposition and

, 90, 96–98, 109–110, 111

Advisors.

, (see financial advisors)

Advisory service

, 220–221

Age

, 32

gender and

, 69–71, 69t, 71t

ANOVA

, 56, 57

Asian investors

, 41

Asset price

, 35–36

Banks

foreign

, 12

Maltese

, 12–13

Behavior, trading and

, 21–22

Behavioral bias

, 24–25

Bias

authors

, 217

behavioral

, 24–25

familiarity

, 181–185

incentive, lack of

, 63–64

interviews/interviewer

, 64–65

Bogus information.

, (see uncertain information)

Branding

, 37–38

Case studies

, 44

Chi-squared test

, 56

Competence bias

, 37

Confidence

, 25, 162–166., (see also overconfidence)

Cooperation

, 219

Costs

, 41, 199–203

Creative Research Systems

, 46

Culture

, 40–41

Data analysis

, 54–58

propositions

, 55–58

Survey Monkey

, 5

Data collection

logistics

, 52–54

methods

, 47–52

triangulation

, 60

Declaration of income

, 72, 77–78, 78t

Dependents

, 76, 77t

Design, research

, 43–44

Disposition

, 86–117

advice and

, 90, 96–98, 109–110, 111

annual income

, 106

buys and

, 107, 108

cutting losses and

, 89

gains making up for past losses

, 103–104

market and

, 99–102, 112–117

price and

, 88

reinvestment and

, 105

risk aversion and

, 23–24

Employment

, 72–73, 73t

Ethics

, 54

European Central Bank (ECB)

, 13

Expectations, and performance

, 20–21

Experiences, past.

, (see past experiences)

Familiarity

, 37–38, 181–185

Fear, for investors

, 189–193

Financial advisors

, 29–31, 219–220., (see also advice)

communication to customers

, 220

imparting advice

, 30–31

Financial investment.

, (see investment)

Financial literacy

, 29

promoting, strategic alliances for

, 220

Findings

recommendations

, 219–221

significance and originality

, 219

summary

, 205–207

Gender

, 31–32, 33t

age and

, 69–70, 69t, 71t

dependents by

, 77t

disparity in trading

, 72

employment by

, 72–73, 73t

income by

, 79t

marital status by

, 76t

Growth vs. value investing

, 17t

Herding

, 38–39, 185–189

Home ownership

, 77, 77t

Human behavior

, 63–64

Hungary

, 40

Incentive bias

, 63–64

Income

, 34

aging-societies

, 34

annual, disposition and

, 106

declaration

, 77–78, 78t

gender

, 79t

Information

advantages of

, 28–29

cascade

, 38

dissemination of

, 28

media and

, 36–37

omission of

, 217

promotional sources

, 147–149

risk and

, 19–20

uncertain

, 27, 28–29

Interest rate

, 12–13

central banks and

, 13

risk and

, 13, 15

Interviews

bias

, 64–65

semi-structured.

, (see semi-structured interviews)

unstructured in-depth

, 65

Investment

, 11–12., (see also investors)

knowledge of

, 151–156

in Malta

, 12–15

strategy

, 39–40

Investment Registration Schemes

, 12

Investors

asset price and sentiment of

, 35–36

behavior and trading

, 21–22

knowledge of investment

, 151–156

modern theory of

, 1

objectives of

, 12

traditional theory of

, 1

ISO 31000

, 40

Likert scale

, 49, 51

Limitations

loss aversion composite for

, 129–133

methodology

, 60–65

research

, 217–218

risk aversion vs.

, 124–129

Losses

cutting

, 89

gains making up for

, 103

waiting out

, 94

Malta

Constitution

, 3

European Union and

, 3–4

financial market

, 4

GDP

, 3

investment in

, 12–15

population

, 3

Malta Exchange Act of 1990

, 13

Malta Stock Exchange (MSE)

, 3, 4

annual reports

, 45

index

, 13

as regulated capital market

, 13

trading operations

, 13

Maltese Electoral Register

, 46

Mann–Whitney U tests

, 57, 159

Marital status

, 33–34, 74, 76t

Market

, 9–11, 77f

disposition and

, 99–102, 112–117

Markets in Financial Instruments Directive (MIFID II)

, 40

Maturity

, 162–165

Maximization process

, 1

Mean Rating Scores (MRS)

, 55, 57–58

Media

, 36–37, 149, 151

decision making and

, 149

familiarity

, 182

Methodology

data analysis

, 54–58

data collection

, 47–48

design

, 43–44

ethics

, 54

instrumentation

, 48–52

limitations

, 60–65

logistics

, 52–54

participant selection

, 44–47

summarizing tests

, 58–60

MFSA

, 8, 31, 45, 53

Misinterpretation

, 64

Mixed method approach (MMA)

, 47

MRS.

, (see Mean Rating Scores (MRS))

Nationality

, 72

Noise trading

, 27., (see also overconfidence)

Non-probability sampling

, 60–63

Non-response bias

, 60–63

Null hypothesis

, 56, 57–58

Occupation

, 73–74, 76t

Online survey

, 46, 48, 52, 53., (see also questionnaire)

Overconfidence

, 25–27

determining existence of

, 133–139

earnings and

, 144–146

effects of

, 25–26

noise trading and

, 27

overtrading and

, 139–144

reasons for

, 26–27

Panama Papers

, 46–47

Paper questionnaires

, 47, 52–53., (see also questionnaire)

Participant selection

, 44–47

population frame

, 44–46

sample size estimation

, 46

sampling

, 46–47

Past experiences

, 39, 193–199

Pearson correlation

, 58

Peer-reviewed journals

, 44

Performance, expectations and

, 20–21

Pilatus Bank

, 46–47

Price

, 86–117

asset

, 35–36

when goes down

, 86–101

when goes up

, 101–117

Price Pressure Hypothesis

, 35–36

Promotional sources

, 147–152

Propositions

, 5–6, 7, 43

acceptance/refusal of

, 215t–216t

conclusion on

, 209t–212t

confidence

, 165–170

data analysis

, 54–58

knowledge of investment

, 152–161

maturity

, 162–165

overconfidence

, 133–146

promotional sources of information

, 147–152

reflecting disposition effects

, 86–117

returns expectations

, 79–86

risk aversion.

, (see risk aversion)

Questionnaire

, 47, 48–51., (see also propositions)

data analysis.

, (see data analysis)

pilot-testing

, 50–51

pretested theories

, 48

questions

, 49

Regulation

, 40

Reinvestment, disposition and

, 105

Research

answers to questions

, 207, 208f

design

, 43–44

discussion

, 213–216

findings

, 205–207

future

, 218

limitations and mitigation

, 217–218

methodology.

, (see methodology)

recommendations

, 219–221

Response fatigue

, 63

Retail investors

, 41

Returns

, 79–86

expected rate of

, 79–81, 80t

as perceived by investor

, 81–86

Risk

defined

, 17–18

information and

, 19–20

perception and

, 19

return and

, 18–19

Risk appetite

, 2, 18

Risk aversion

, 117–133

composite for

, 124–129

defined

, 23

disposition and

, 23–24

loss aversion vs.

, 120–124

Risk profiling

, 1

Risk tolerance

, 2, 17–20

Scandals

, 46–47

Scatter plot

, 58, 58f

Selection of participant.

, (see participant selection)

Self-reporting questionnaire.

, (see questionnaire)

Semi-structured interviews

, 51–52

analysis

, 59–60

limitations

, 64–65

logistics

, 53–54

Status

, 33–34, 76–77

Strategic alliances, financial literacy and

, 220

Survey Monkey

, 55, 62

t-test

, 56–57

Time deviation

, 64

Timing as limitation

, 217–218

Trading

investor behavior and

, 21–22

noise

, 27

Trend chasing

, 39

Value vs. growth investing

, 17t

Wealth, value and

, 20

Weber, M.

, 22, 146, 170, 177