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De relatie tussen persoonlijkheid en beleggingsresultaten : een exploratief onderzoek

Magendans, J. (2009) De relatie tussen persoonlijkheid en beleggingsresultaten : een exploratief onderzoek.

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Abstract:This research aimed to establish, through the use of an online survey and virtual investment portfolios, a relationship between personality and investment returns achieved by Dutch individual investors. The personality dimension openness (e.g. creativity, depth, innovative) showed a positive correlation with the monthly returns, with the monthly excess returns compared to a benchmark, and with the number of transactions in investment portfolios. Extraversion showed a correlation with the respondent’s expectation regarding his or her actions following a drop in his investment portfolio. Neuroticism, on the other hand, showed a correlation with what a person was intending to do following an investment loss. Investors in mutual funds showed a low involvement with investing and a low financial self-efficacy. The number of years that an individual did invest showed a negative relation with returns, and this was explained by the influence of the overall market on the individual portfolios. Linear regression analyses showed that personality wasn’t able to explain investment returns or investment risk behavior. The small sample size of this research hindered the finding of more significant relationships.
Item Type:Essay (Bachelor)
Faculty:BMS: Behavioural, Management and Social Sciences
Subject:77 psychology
Programme:Psychology BSc (56604)
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