{"id":"https://openalex.org/W2182961428","doi":null,"title":"BEHAVIOURAL FACTORS INFLUENCING INVESTMENT DECISION IN STOCK MARKET: A SURVEY OF INVESTMENT BANKS IN KENYA","display_name":"BEHAVIOURAL FACTORS INFLUENCING INVESTMENT DECISION IN STOCK MARKET: A SURVEY OF INVESTMENT BANKS IN KENYA","publication_year":2013,"publication_date":"2013-01-01","ids":{"openalex":"https://openalex.org/W2182961428","mag":"2182961428"},"language":"en","primary_location":{"id":"mag:2182961428","doi":null,"is_oa":false,"landing_page_url":"http://www.ijsse.org/articles/ijsse_v1_i6_68_83.pdf","pdf_url":null,"source":null,"license":null,"license_id":null,"version":null,"is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":null},"volume":null,"type":"article","is_traditional":true,"indexed_in":[],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5030791133","display_name":"Jane Njeri Wamae","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Jane Njeri Wamae","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]},{"author_position":"last","author":{"id":"https://openalex.org/A5108222394","display_name":"Masters Student","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Masters Student","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]}],"institutions":[],"countries_distinct_count":0,"institutions_distinct_count":0,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":2.2023,"has_fulltext":false,"cited_by_count":24,"citation_normalized_percentile":{"value":0.90342298,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":87,"max":98},"biblio":{"volume":null,"issue":null,"first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.7753999829292297,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.7753999829292297,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10315","display_name":"Decision-Making and Behavioral Economics","score":0.17139999568462372,"subfield":{"id":"https://openalex.org/subfields/1800","display_name":"General Decision Sciences"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T13744","display_name":"Financial Literacy and Behavior","score":0.033900000154972076,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/investment-decisions","display_name":"investment decision-making","score":0.7089999914169312},{"id":"https://openalex.org/keywords/behavioral-finance","display_name":"behavioral finance","score":0.7639999985694885},{"id":"https://openalex.org/keywords/individual-investors","display_name":"retail investors","score":0.7910000085830688},{"id":"https://openalex.org/keywords/risk-aversion","display_name":"risk aversion","score":0.890999972820282},{"id":"https://openalex.org/keywords/prospecting","display_name":"prospecting","score":0.800000011920929},{"id":"https://openalex.org/keywords/anchoring-effect","display_name":"anchoring effect","score":0.8100000023841858},{"id":"https://openalex.org/keywords/herding-behavior","display_name":"herding behavior","score":0.8930000066757202},{"id":"https://openalex.org/keywords/nairobi-securities-exchange","display_name":"Nairobi Securities Exchange","score":0.8629999756813049},{"id":"https://openalex.org/keywords/kenyan-stock-market","display_name":"Kenyan stock market","score":0.9359999895095825},{"id":"https://openalex.org/keywords/investment-banks","display_name":"investment banks","score":0.9229999780654907}],"concepts":[{"id":"https://openalex.org/C187651312","wikidata":"https://www.wikidata.org/wiki/Q114","display_name":"Kenya","level":2,"score":0.6242132186889648},{"id":"https://openalex.org/C2778865806","wikidata":"https://www.wikidata.org/wiki/Q6060850","display_name":"Investment decisions","level":3,"score":0.5771285891532898},{"id":"https://openalex.org/C2780299701","wikidata":"https://www.wikidata.org/wiki/Q475000","display_name":"Stock market","level":3,"score":0.5617351531982422},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.497238427400589},{"id":"https://openalex.org/C177605951","wikidata":"https://www.wikidata.org/wiki/Q1484503","display_name":"Herding","level":2,"score":0.48600348830223083},{"id":"https://openalex.org/C2908647359","wikidata":"https://www.wikidata.org/wiki/Q2625603","display_name":"Population","level":2,"score":0.46851846575737},{"id":"https://openalex.org/C49898467","wikidata":"https://www.wikidata.org/wiki/Q1517706","display_name":"Stratified sampling","level":2,"score":0.4367067217826843},{"id":"https://openalex.org/C103144560","wikidata":"https://www.wikidata.org/wiki/Q2670999","display_name":"Investment strategy","level":3,"score":0.43382102251052856},{"id":"https://openalex.org/C200870193","wikidata":"https://www.wikidata.org/wiki/Q11691","display_name":"Stock exchange","level":2,"score":0.4283468723297119},{"id":"https://openalex.org/C204036174","wikidata":"https://www.wikidata.org/wiki/Q909380","display_name":"Stock (firearms)","level":2,"score":0.41589680314064026},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.40232354402542114},{"id":"https://openalex.org/C162118730","wikidata":"https://www.wikidata.org/wiki/Q1128453","display_name":"Actuarial science","level":1,"score":0.3681907057762146},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.32111960649490356},{"id":"https://openalex.org/C183582576","wikidata":"https://www.wikidata.org/wiki/Q184783","display_name":"Market liquidity","level":2,"score":0.2255537211894989},{"id":"https://openalex.org/C109574028","wikidata":"https://www.wikidata.org/wiki/Q647525","display_name":"Behavioral economics","level":2,"score":0.20260629057884216},{"id":"https://openalex.org/C105795698","wikidata":"https://www.wikidata.org/wiki/Q12483","display_name":"Statistics","level":1,"score":0.0},{"id":"https://openalex.org/C78519656","wikidata":"https://www.wikidata.org/wiki/Q101333","display_name":"Mechanical engineering","level":1,"score":0.0},{"id":"https://openalex.org/C97137747","wikidata":"https://www.wikidata.org/wiki/Q38112","display_name":"Forestry","level":1,"score":0.0},{"id":"https://openalex.org/C86803240","wikidata":"https://www.wikidata.org/wiki/Q420","display_name":"Biology","level":0,"score":0.0},{"id":"https://openalex.org/C205649164","wikidata":"https://www.wikidata.org/wiki/Q1071","display_name":"Geography","level":0,"score":0.0},{"id":"https://openalex.org/C127413603","wikidata":"https://www.wikidata.org/wiki/Q11023","display_name":"Engineering","level":0,"score":0.0},{"id":"https://openalex.org/C33923547","wikidata":"https://www.wikidata.org/wiki/Q395","display_name":"Mathematics","level":0,"score":0.0},{"id":"https://openalex.org/C144024400","wikidata":"https://www.wikidata.org/wiki/Q21201","display_name":"Sociology","level":0,"score":0.0},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0},{"id":"https://openalex.org/C149923435","wikidata":"https://www.wikidata.org/wiki/Q37732","display_name":"Demography","level":1,"score":0.0},{"id":"https://openalex.org/C151730666","wikidata":"https://www.wikidata.org/wiki/Q7205","display_name":"Paleontology","level":1,"score":0.0},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.0},{"id":"https://openalex.org/C2780762169","wikidata":"https://www.wikidata.org/wiki/Q5905368","display_name":"Horse","level":2,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"mag:2182961428","doi":null,"is_oa":false,"landing_page_url":"http://www.ijsse.org/articles/ijsse_v1_i6_68_83.pdf","pdf_url":null,"source":null,"license":null,"license_id":null,"version":null,"is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":null}],"best_oa_location":null,"sustainable_development_goals":[],"study_designs":[{"id":"https://openalex.org/study-designs/observational-study","display_name":"Observational Study"}],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":43,"referenced_works":["https://openalex.org/W74101598","https://openalex.org/W158727920","https://openalex.org/W201387033","https://openalex.org/W563246804","https://openalex.org/W644706734","https://openalex.org/W646683805","https://openalex.org/W1524113715","https://openalex.org/W1607855739","https://openalex.org/W1716348996","https://openalex.org/W1832381054","https://openalex.org/W1964743250","https://openalex.org/W1966510398","https://openalex.org/W1967870960","https://openalex.org/W1982761352","https://openalex.org/W1988508674","https://openalex.org/W1995518532","https://openalex.org/W2009957539","https://openalex.org/W2010925660","https://openalex.org/W2017847396","https://openalex.org/W2019101594","https://openalex.org/W2027546142","https://openalex.org/W2032826061","https://openalex.org/W2043728945","https://openalex.org/W2048406404","https://openalex.org/W2056392864","https://openalex.org/W2061230889","https://openalex.org/W2090458670","https://openalex.org/W2109883094","https://openalex.org/W2133049119","https://openalex.org/W2136408930","https://openalex.org/W2140663863","https://openalex.org/W2170815702","https://openalex.org/W2220884083","https://openalex.org/W2318904964","https://openalex.org/W2529903510","https://openalex.org/W2890473091","https://openalex.org/W2972163492","https://openalex.org/W3122687981","https://openalex.org/W3122890729","https://openalex.org/W3123840183","https://openalex.org/W3124029064","https://openalex.org/W3124446565","https://openalex.org/W3125052413"],"related_works":["https://openalex.org/W2911532619","https://openalex.org/W2560756483","https://openalex.org/W2205547986","https://openalex.org/W4205295699","https://openalex.org/W3143277139","https://openalex.org/W3108990561","https://openalex.org/W2061230889","https://openalex.org/W2260735451","https://openalex.org/W2725365316","https://openalex.org/W3083799048"],"abstract_inverted_index":{"Decision-making":[0],"is":[1,14,31,290,341],"process":[2],"of":[3,11,22,57,68,75,93,111,116,150,175,189,201,231,334,364],"choosing":[4],"a":[5,9,97,219,228],"particular":[6],"alternative":[7],"from":[8,101],"number":[10],"alternatives.":[12,25],"It":[13],"an":[15,79],"activity":[16],"that":[17,59,78,143,284,311,327,349,361,376],"follows":[18],"after":[19],"proper":[20],"evaluation":[21],"all":[23],"the":[24,55,65,73,122,130,139,148,173,187,274,293,299,306,317,335,344,353,362,365,380],"Decision":[26],"making":[27,166,277,383],"by":[28,138],"individual":[29,126],"investors":[30,305,366],"usually":[32],"based":[33],"on":[34,153,177,191,212],"their":[35,304,350],"personal":[36],"factors":[37,124],"such":[38],"as":[39,48],"age,":[40],"education,":[41],"income,":[42],"and":[43,91,105,184,239,247,258,271,297,320],"investment":[44,154,178,206,275,300,332,351,381],"portfolio.":[45],"The":[46,113,134,198,208,216,234,263,281,323,372],"investor":[47,80],"decision":[49,165,179,276,333,382],"maker":[50],"has":[51],"no":[52],"control":[53],"over":[54],"states":[56,67],"nature":[58,69,95],"will":[60,70],"prevail":[61],"in":[62,85,96,156,167,180,194,224,278,337,352,384],"future":[63,66],"but":[64],"certainly":[71],"affect":[72],"outcome":[74],"any":[76],"strategy":[77],"may":[81],"adopt.":[82],"Effective":[83],"decision-making":[84],"stock":[86,158,168,182,196,279,338,354],"market":[87,169,183,295,319,355],"requires":[88],"better":[89],"insight,":[90],"understanding":[92],"human":[94],"global":[98],"perspective,":[99],"apart":[100],"sharp":[102],"financial":[103],"skills":[104],"ability":[106],"to":[107,120,145,160,171,185,292,309,347,359],"gain":[108],"best":[109],"out":[110,147],"investments.":[112],"main":[114],"objective":[115],"this":[117,202],"study":[118,135,203,209,217,235,264,282,324,373],"was":[119,136,204,245],"establish":[121,172],"behavioral":[123],"influencing":[125],"investors\u2019":[127],"decisions":[128,155,193],"at":[129],"Nairobi":[131],"Stock":[132],"Exchange.":[133],"guided":[137],"following":[140],"specific":[141],"objectives,":[142],"is,":[144],"find":[146],"effect":[149,174,188,287],"risk":[151,268,329],"aversion":[152,330],"Kenyan":[157,181,195],"market,":[159,339],"investigate":[161],"whether":[162],"prospecting":[163,270,378],"influences":[164,273,331,379],"investments,":[170],"anchoring":[176,272],"determine":[186],"herding":[190,266,286],"Investment":[192],"market.":[197,280],"target":[199],"population":[200],"17":[205],"banks.":[207],"relied":[210],"mostly":[211],"primary":[213],"data":[214,241,244],"sources.":[215],"employed":[218],"stratified":[220],"random":[221],"sampling":[222],"technique":[223],"coming":[225],"up":[226],"with":[227,316],"sample":[229],"size":[230],"47":[232],"respondents.":[233],"generated":[236],"both":[237],"qualitative":[238],"quantitative":[240,243],"where":[242],"coded":[246],"entered":[248],"into":[249],"Statistical":[250],"Packages":[251],"for":[252,343],"Social":[253],"Scientists":[254],"(SPSS":[255],"Version":[256],"17.0)":[257],"analyzed":[259],"using":[260],"descriptive":[261],"statistics.":[262],"concluded":[265],"effect,":[267],"aversion,":[269],"recommended":[283,326,375],"since":[285,328,377],"or":[288],"behavior":[289],"relevant":[291,307,345],"individuals,":[294],"environment":[296],"atmosphere,":[298],"banks":[301],"should":[302],"give":[303],"information":[308],"ensure":[310,348,360],"they":[312],"are":[313,356,367],"well":[314,357,368],"versed":[315],"prevailing":[318],"economic":[321],"situations.":[322],"also":[325],"individuals":[336],"there":[340],"need":[342],"organizations":[346],"chosen":[358],"interests":[363],"taken":[369],"care":[370],"of.":[371],"further":[374]},"counts_by_year":[{"year":2025,"cited_by_count":1},{"year":2024,"cited_by_count":3},{"year":2023,"cited_by_count":4},{"year":2022,"cited_by_count":5},{"year":2021,"cited_by_count":1},{"year":2020,"cited_by_count":3},{"year":2019,"cited_by_count":2},{"year":2017,"cited_by_count":1},{"year":2016,"cited_by_count":1},{"year":2015,"cited_by_count":3}],"updated_date":"2026-11-04T10:54:05.112534","created_date":"2016-06-24T00:00:00"}
