The influences of risk cognitions and return cognitions on the herding effects for the investors
| Autor: | Yi-Syuan Lin, 林宜萱 |
|---|---|
| Rok vydání: | 2013 |
| Druh dokumentu: | 學位論文 ; thesis |
| Popis: | 101 Using an experimental approach this study explores a herding effect of the investor’s stock investments and discusses whether or not the herding atmosphere changes the investor’s stock selections. Specifically, the study focuses on how and whether or not the risk cognitions and return cognitions affect the herding behaviors. That is, which of the risk or return factors more strongly determinate the investor’s herding effects. With a sample composited of college students of National Dong Hwa University, the study finds numerous results. First, the investors generally perform a herding on the stock investments. Second, the risk and return factors can influence the investor’s herding effects. Third, with respect to return cognition, the investor’s risk cognition has stronger impacts on the herding effects. That is, rather than resting on the expected return, the investors tend to be herding as they make stock decisions standing on the asset risk. Fourth, as the herding atmosphere gradually increases, given some circumstances the herding effects for the investors tend to be obviously. Finally, the investors can more correctly make decisions of stock selections under a condition of free of herding atmosphere. |
| Databáze: | Networked Digital Library of Theses & Dissertations |
| Externí odkaz: |
|