Factors of investment decision making in the Malaysian public listed companies: perspectives from individual shareholders and key stakeholders / Arifha Mohamad

Individual shareholders make investment decisions based on their main objectives from the trading activities in reducing risk with high return. This study seeks to identify the level of risk-taking among individual shareholders; the influential factors of the investment that affect the individual sh...

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Main Author:	Mohamad, Arifha
Format:	Thesis
Language:	English
Published:	2020
Subjects:	Personal finance Financial literacy Personal finance. Financial literacy
Online Access:	https://ir.uitm.edu.my/id/eprint/60681/1/60681.pdf
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id	my-uitm-ir.60681
record_format	uketd_dc
spelling	my-uitm-ir.606812022-05-31T05:49:32Z Factors of investment decision making in the Malaysian public listed companies: perspectives from individual shareholders and key stakeholders / Arifha Mohamad 2020-08 Mohamad, Arifha Personal finance. Financial literacy Investment, capital formation, speculation Individual shareholders make investment decisions based on their main objectives from the trading activities in reducing risk with high return. This study seeks to identify the level of risk-taking among individual shareholders; the influential factors of the investment that affect the individual shareholders’ investment decision making specifically in the Malaysian Public Listed Companies (PLCs); the main significant factor; the moderating result from the relationship; and the challenges to ensure wise investment decision made by individual shareholders. Using a mixed methodology, questionnaires were distributed to 680 individual shareholders during the company’s Annual General Meeting (AGM) and six key stakeholders were interviewed. Based on the findings, that there was a high level of risk-taking among the individual shareholders in PLCs. The significant factors that influence individual shareholders to invest were accounting information, personal financial needs, advocate recommendations and images of the company. Meanwhile, the individual shareholders in Malaysia did not rely on corporate social responsibility (CSR) in their investment decision. Based on the interviews conducted, the emerging factors discovered were size of company, type of company and technology. This study revealed that among the factors, the most influential factor for decision making was personal financial needs. Since size of company acted as the moderating effect, the result depicted significant relationship only between CSR and investment decision making. Furthermore, the key stakeholders’ perspectives outlined that the challenges faced by the individual shareholders were lack of information, investment culture, lack of investment knowledge and voting power. The limitation of this study lies on its respondents where individual shareholders were used as the unit of analysis while leaving out other investors. Due to a number of constraints, this study only managed to collect a sample from three top sectors listed on Bursa Malaysia, which were trading services sector, industrial product sector and consumer product sector traded by individual shareholders as a representation for a group of individual shareholders’ trading shares in the Malaysian PLCs. This study provides new insight into the development of financial and non-financial factors to the investment decision making in the Malaysian PLCs. Thus, it is recommended that future study can analyze the implications of other factors that may influence investment decision making other than individual shareholders. 2020-08 Thesis https://ir.uitm.edu.my/id/eprint/60681/ https://ir.uitm.edu.my/id/eprint/60681/1/60681.pdf text en public phd doctoral Universiti Teknologi MARA Faculty of Administrative Science and Policy Studies Tahir, Nor Suziwana (Dr.)
institution	Universiti Teknologi MARA
collection	UiTM Institutional Repository
language	English
advisor	Tahir, Nor Suziwana (Dr.)
topic	Personal finance Financial literacy Personal finance. Financial literacy
spellingShingle	Personal finance Financial literacy Personal finance. Financial literacy Mohamad, Arifha Factors of investment decision making in the Malaysian public listed companies: perspectives from individual shareholders and key stakeholders / Arifha Mohamad
description	Individual shareholders make investment decisions based on their main objectives from the trading activities in reducing risk with high return. This study seeks to identify the level of risk-taking among individual shareholders; the influential factors of the investment that affect the individual shareholders’ investment decision making specifically in the Malaysian Public Listed Companies (PLCs); the main significant factor; the moderating result from the relationship; and the challenges to ensure wise investment decision made by individual shareholders. Using a mixed methodology, questionnaires were distributed to 680 individual shareholders during the company’s Annual General Meeting (AGM) and six key stakeholders were interviewed. Based on the findings, that there was a high level of risk-taking among the individual shareholders in PLCs. The significant factors that influence individual shareholders to invest were accounting information, personal financial needs, advocate recommendations and images of the company. Meanwhile, the individual shareholders in Malaysia did not rely on corporate social responsibility (CSR) in their investment decision. Based on the interviews conducted, the emerging factors discovered were size of company, type of company and technology. This study revealed that among the factors, the most influential factor for decision making was personal financial needs. Since size of company acted as the moderating effect, the result depicted significant relationship only between CSR and investment decision making. Furthermore, the key stakeholders’ perspectives outlined that the challenges faced by the individual shareholders were lack of information, investment culture, lack of investment knowledge and voting power. The limitation of this study lies on its respondents where individual shareholders were used as the unit of analysis while leaving out other investors. Due to a number of constraints, this study only managed to collect a sample from three top sectors listed on Bursa Malaysia, which were trading services sector, industrial product sector and consumer product sector traded by individual shareholders as a representation for a group of individual shareholders’ trading shares in the Malaysian PLCs. This study provides new insight into the development of financial and non-financial factors to the investment decision making in the Malaysian PLCs. Thus, it is recommended that future study can analyze the implications of other factors that may influence investment decision making other than individual shareholders.
format	Thesis
qualification_name	Doctor of Philosophy (PhD.)
qualification_level	Doctorate
author	Mohamad, Arifha
author_facet	Mohamad, Arifha
author_sort	Mohamad, Arifha
title	Factors of investment decision making in the Malaysian public listed companies: perspectives from individual shareholders and key stakeholders / Arifha Mohamad
title_short	Factors of investment decision making in the Malaysian public listed companies: perspectives from individual shareholders and key stakeholders / Arifha Mohamad
title_full	Factors of investment decision making in the Malaysian public listed companies: perspectives from individual shareholders and key stakeholders / Arifha Mohamad
title_fullStr	Factors of investment decision making in the Malaysian public listed companies: perspectives from individual shareholders and key stakeholders / Arifha Mohamad
title_full_unstemmed	Factors of investment decision making in the Malaysian public listed companies: perspectives from individual shareholders and key stakeholders / Arifha Mohamad
title_sort	factors of investment decision making in the malaysian public listed companies: perspectives from individual shareholders and key stakeholders / arifha mohamad
granting_institution	Universiti Teknologi MARA
granting_department	Faculty of Administrative Science and Policy Studies
publishDate	2020
url	https://ir.uitm.edu.my/id/eprint/60681/1/60681.pdf
_version_	1783735151947153408

Factors of investment decision making in the Malaysian public listed companies: perspectives from individual shareholders and key stakeholders / Arifha Mohamad

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