Psychological risk perception of investors in the Malaysia stock market: A study in Kota Kinabalu

Investment is the commitment of funds into stocks, savings and others for the purpose of obtaining a profit. Risk perception influences investors' decision to invest. The objectives of this study are to study the relationship between information asymmetry, financial knowledge and overconfidence...

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Main Author:	Nadia Sofie Suhaimi
Format:	Thesis
Language:	English
Published:	2011
Subjects:	HG Finance
Online Access:	https://eprints.ums.edu.my/id/eprint/7594/1/mt0000000267.pdf
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id	my-ums-ep.7594
record_format	uketd_dc
spelling	my-ums-ep.75942017-10-12T02:59:12Z Psychological risk perception of investors in the Malaysia stock market: A study in Kota Kinabalu 2011 Nadia Sofie Suhaimi HG Finance Investment is the commitment of funds into stocks, savings and others for the purpose of obtaining a profit. Risk perception influences investors' decision to invest. The objectives of this study are to study the relationship between information asymmetry, financial knowledge and overconfidence, and risk perception of investors in Kota Kinabalu. Age, gender and education level were also examine to determine their contingent effect on the relationships. A validated self-administered questionnaire, using a 7 point Likert-scale was distributed to 150 respondents at Innosabah Securities Limited Company. A total of 100 questionnaires were completely filled. Data were analyzed using factor analysis, Cronbach's alpha, Multiple regression and Hierarchical regression analysis. A p value of <0.05 was considered statistically significant. Respondents were 46% female, 56% male, age ranged from 24 years to 60 years and 50% had university education. The analysis shows that only financial knowledge (p<0.048) and overconfidence (p<.000) were found to be positively related to risk perception. There were no significant value that age, gender and education level moderates the relationship between information asymmetry financial knowledge and overconfidence, and risk perception. These findings are expected to assist financial advisors on portfolio assessment and indirectly provide better advice to investors. 2011 Thesis https://eprints.ums.edu.my/id/eprint/7594/ https://eprints.ums.edu.my/id/eprint/7594/1/mt0000000267.pdf text en public masters Universiti Malaysia Sabah School of Business and Economics
institution	Universiti Malaysia Sabah
collection	UMS Institutional Repository
language	English
topic	HG Finance
spellingShingle	HG Finance Nadia Sofie Suhaimi Psychological risk perception of investors in the Malaysia stock market: A study in Kota Kinabalu
description	Investment is the commitment of funds into stocks, savings and others for the purpose of obtaining a profit. Risk perception influences investors' decision to invest. The objectives of this study are to study the relationship between information asymmetry, financial knowledge and overconfidence, and risk perception of investors in Kota Kinabalu. Age, gender and education level were also examine to determine their contingent effect on the relationships. A validated self-administered questionnaire, using a 7 point Likert-scale was distributed to 150 respondents at Innosabah Securities Limited Company. A total of 100 questionnaires were completely filled. Data were analyzed using factor analysis, Cronbach's alpha, Multiple regression and Hierarchical regression analysis. A p value of <0.05 was considered statistically significant. Respondents were 46% female, 56% male, age ranged from 24 years to 60 years and 50% had university education. The analysis shows that only financial knowledge (p<0.048) and overconfidence (p<.000) were found to be positively related to risk perception. There were no significant value that age, gender and education level moderates the relationship between information asymmetry financial knowledge and overconfidence, and risk perception. These findings are expected to assist financial advisors on portfolio assessment and indirectly provide better advice to investors.
format	Thesis
qualification_level	Master's degree
author	Nadia Sofie Suhaimi
author_facet	Nadia Sofie Suhaimi
author_sort	Nadia Sofie Suhaimi
title	Psychological risk perception of investors in the Malaysia stock market: A study in Kota Kinabalu
title_short	Psychological risk perception of investors in the Malaysia stock market: A study in Kota Kinabalu
title_full	Psychological risk perception of investors in the Malaysia stock market: A study in Kota Kinabalu
title_fullStr	Psychological risk perception of investors in the Malaysia stock market: A study in Kota Kinabalu
title_full_unstemmed	Psychological risk perception of investors in the Malaysia stock market: A study in Kota Kinabalu
title_sort	psychological risk perception of investors in the malaysia stock market: a study in kota kinabalu
granting_institution	Universiti Malaysia Sabah
granting_department	School of Business and Economics
publishDate	2011
url	https://eprints.ums.edu.my/id/eprint/7594/1/mt0000000267.pdf
_version_	1747836349426171904

Psychological risk perception of investors in the Malaysia stock market: A study in Kota Kinabalu

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