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Article
Publication date: 17 December 2018

H. Kent Baker, Satish Kumar, Nisha Goyal and Vidhu Gaur

The purpose of this paper is to examine how financial literacy and demographic variables (gender, age, income level, education, occupation, marital status and investment…

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Abstract

Purpose

The purpose of this paper is to examine how financial literacy and demographic variables (gender, age, income level, education, occupation, marital status and investment experience) related to behavioral biases.

Design/methodology/approach

The study uses one-way analysis of variance (ANOVA), factor analysis and multiple regression analysis to examine survey data from more than 500 individual investors in India.

Findings

The results reveal the presence of different behavioral biases including overconfidence and self-attribution, the disposition effect, anchoring bias, representativeness, mental accounting, emotional biases and herding among Indian investors. Hence, the findings support the view that individual investors do not always act rationally. The results also show that financial literacy has a negative association with the disposition effect and herding bias, a positive relation with mental accounting bias, but no significant relation with overconfidence and emotional biases. Age, occupation and investment experience are the most important demographic variables that relate to the behavioral biases of individual investors in the sample. Regarding gender, males are more overconfident than are females about their knowledge of the stock market.

Research limitations/implications

The study does not test for causality, only association between the variables. Thus, the findings in this study should not be interpreted as suggesting causality. The study may have implications for financial educators in promoting the financial awareness programs for individuals. Financial advisors can potentially become more effective by understanding their clients’ decision-making processes.

Originality/value

Despite an extensive literature on behavioral finance, limited academic research attempts to unravel the relation of how financial literacy and demographic variates relate to behavioral biases. This study contributes to this literature by trying to fill this gap.

Details

Managerial Finance, vol. 45 no. 1
Type: Research Article
ISSN: 0307-4358

Keywords

Article
Publication date: 2 May 2017

Purnima Rao, Satish Kumar, Vidhu Gaur and Deepak Verma

This exploratory study aims to investigate the financing issues faced by Indian small and medium enterprise (SME) owners. It also classifies the financing constraints into four…

1610

Abstract

Purpose

This exploratory study aims to investigate the financing issues faced by Indian small and medium enterprise (SME) owners. It also classifies the financing constraints into four financing gaps, namely, demand, knowledge, supply and benevolence.

Design/methodology/approach

The study uses the convergent interviewing technique to highlight the key issues being faced by SME owners in financing. Forty-four owners from different industries and having dispersed demographics have been interviewed in the study.

Findings

The findings reveal the real-time issues being faced by SME owners. SMEs faced both demand- and supply-side constraints. The most common financing challenges are high cost of credit, complex procedures of lending institutions, information asymmetry, creditworthiness and self-abstaining from external financial resources. Issues pertaining to lack of knowledge and awareness about the financial products and services are also being noticed by the researchers.

Research limitations/implications

This study identifies the major financing concerns of SMEs and thereby provides a directional approach to the policymakers in the area of SME financing.

Originality/value

The study offers a better and data-based understanding of financing issues being faced by the SME owners. The usage of convergent interviewing allows the researchers to highlight the common issues raised by the SME owners.

Details

Qualitative Research in Financial Markets, vol. 9 no. 2
Type: Research Article
ISSN: 1755-4179

Keywords

Abstract

Details

Journal of Hospitality and Tourism Technology, vol. 13 no. 5
Type: Research Article
ISSN: 1757-9880

Article
Publication date: 25 May 2022

Nisha Bamel, Satish Kumar, Umesh Bamel and Vidhu Gaur

This paper aims to synthesize the knowledge published in the International Journal of Sociology and Social Policy since its inaugural issue to current issue, i.e. from 1981 to…

Abstract

Purpose

This paper aims to synthesize the knowledge published in the International Journal of Sociology and Social Policy since its inaugural issue to current issue, i.e. from 1981 to 2021, using a structured and systematic review technique.

Design/methodology/approach

In order to achieve the objective of this paper, the authors have analysed the bibliometric metadata of 1,583 research documents published during the last four decades in International Journal of Sociology and Social Policy by employing a structural and quantitative literature review technique, i.e. bibliometric. Particularly, the authors used performance analysis and network analysis (intellectual and social network analysis).

Findings

Findings reveal the performance metrics, i.e. productivity and citation performance of various constituencies of IJSSP such as authors, institutes, research articles etc. In addition, the authors constituted certain knowledge networks such as keywords co-occurrence, strategic map and social network.

Research limitations/implications

Present systematic and objective review reveals the evolution and pattern of research publication in IJSSP, and this will help in predicting and setting the future course of knowledge creation such as emphasis on a particular theory or framework, reexamining the established assumptions and so on.

Practical implications

In the wake of changing social policy dynamics, the present systematic synthesis helps in understanding the possible emerging areas of concerns both for practitioners and policymakers.

Originality/value

The present study is a first attempt that considers the entire research corpus of the journal and synthesizes it objectively and systematically.

Details

International Journal of Sociology and Social Policy, vol. 43 no. 1/2
Type: Research Article
ISSN: 0144-333X

Keywords

Article
Publication date: 5 April 2022

Weng Marc Lim, Satish Kumar, Nitesh Pandey, Tareq Rasul and Vidhu Gaur

This study aims to present a retrospective of the Journal of Research in Interactive Marketing (JRIM) on its 15th anniversary. The retrospective includes an analysis of JRIM's

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Abstract

Purpose

This study aims to present a retrospective of the Journal of Research in Interactive Marketing (JRIM) on its 15th anniversary. The retrospective includes an analysis of JRIM's growth in publication and citation, and an exploration of the journal's major themes and methodologies employed.

Design/methodology/approach

This study used a bibliometric methodology consisting of analytical techniques such as performance analysis, co-authorship network analysis, and bibliographic coupling to present a retrospective of JRIM.

Findings

This study finds that JRIM has grown consistently in terms of its publications and citations with its major themes being social media, advertising and communication, technology adoption, customer behavior, multi-channel marketing, viral marketing, and relationship marketing. This study also reveals that the journal's contributing authors tend to employ empirical and quantitative methodologies.

Originality/value

This is the first study to present a retrospective of JRIM and one of the few that present a retrospective of interactive marketing. Besides presenting the major themes, this study also analyzes the growth that such themes have undergone with time and what are the major themes in recent times in relation to the body of knowledge on interactive marketing curated through JRIM.

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