{"id":"https://openalex.org/W2608658463","doi":"https://doi.org/10.1108/ijse-04-2015-0097","title":"Does individual heterogeneity shape retail investor behaviour?","display_name":"Does individual heterogeneity shape retail investor behaviour?","publication_year":2017,"publication_date":"2017-05-08","ids":{"openalex":"https://openalex.org/W2608658463","doi":"https://doi.org/10.1108/ijse-04-2015-0097","mag":"2608658463"},"language":"en","primary_location":{"id":"doi:10.1108/ijse-04-2015-0097","doi":"https://doi.org/10.1108/ijse-04-2015-0097","is_oa":false,"landing_page_url":"https://doi.org/10.1108/ijse-04-2015-0097","pdf_url":null,"source":{"id":"https://openalex.org/S49131624","display_name":"International Journal of Social Economics","issn_l":"0306-8293","issn":["0306-8293","1758-6712"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-scientific","cwts-core","erih-plus","jufo-1","norway-1","poland-40","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310319811","host_organization_name":"Emerald Publishing Limited","host_organization_lineage":["https://openalex.org/P4310319811"],"host_organization_lineage_names":["Emerald Publishing Limited"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"International Journal of Social Economics","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"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/A5071644951","display_name":"Abhijeet Chandra","orcid":"https://orcid.org/0000-0002-6892-4520","observed_orcids":["https://orcid.org/0000-0002-6892-4520"]},"institutions":[{"id":"https://openalex.org/I145894827","display_name":"Indian Institute of Technology Kharagpur","ror":"https://ror.org/03w5sq511","country_code":"IN","type":"education","lineage":["https://openalex.org/I145894827"]}],"countries":["IN"],"is_corresponding":false,"raw_author_name":"Abhijeet Chandra","raw_affiliation_strings":["Vinod Gupta School of Management, Indian Institute of Technology Kharagpur, Kharagpur, India"],"raw_orcid":"https://orcid.org/0000-0002-6892-4520","affiliations":[{"raw_affiliation_string":"Vinod Gupta School of Management, Indian Institute of Technology Kharagpur, Kharagpur, India","institution_ids":["https://openalex.org/I145894827"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5037635791","display_name":"Kantesha Sanningammanavara","orcid":"https://orcid.org/0009-0001-8554-8731","observed_orcids":["https://orcid.org/0009-0001-8554-8731"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Kantesha Sanningammanavara","raw_affiliation_strings":["Department of Business Administration, Vidyavardhaka College of Engineering, Mysuru, India"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Business Administration, Vidyavardhaka College of Engineering, Mysuru, India","institution_ids":[]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5063956942","display_name":"A. Satya Nandini","orcid":"https://orcid.org/0000-0001-6794-4178","observed_orcids":["https://orcid.org/0000-0001-6794-4178"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"A. Satya Nandini","raw_affiliation_strings":["Department of Management Studies and Research Centre, Businayana Mukundadas Sreenivasaiah College of Engineering, Bangalore, India"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Management Studies and Research Centre, Businayana Mukundadas Sreenivasaiah College of Engineering, Bangalore, India","institution_ids":[]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":1.1926,"has_fulltext":false,"cited_by_count":23,"citation_normalized_percentile":{"value":0.82599783,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":95,"max":97},"biblio":{"volume":"44","issue":"5","first_page":"578","last_page":"593"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.8848000168800354,"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":0.8848000168800354,"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/T10517","display_name":"Financial Literacy, Pension, Retirement Analysis","score":0.08500000089406967,"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"}},{"id":"https://openalex.org/T13744","display_name":"Financial Literacy and Behavior","score":0.019700000062584877,"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/individual-investors","display_name":"retail investors","score":0.8230000138282776},{"id":"https://openalex.org/keywords/investor-heterogeneity","display_name":"investor heterogeneity","score":0.8140000104904175},{"id":"https://openalex.org/keywords/trading-behavior","display_name":"trading behavior","score":0.8989999890327454},{"id":"https://openalex.org/keywords/self-perceived-confidence","display_name":"self-perceived confidence","score":0.9729999899864197},{"id":"https://openalex.org/keywords/overconfidence","display_name":"overconfidence","score":0.7049999833106995},{"id":"https://openalex.org/keywords/portfolio-size","display_name":"portfolio size","score":0.9269999861717224},{"id":"https://openalex.org/keywords/behavioral-finance","display_name":"behavioral finance","score":0.7739999890327454}],"concepts":[{"id":"https://openalex.org/C2780821815","wikidata":"https://www.wikidata.org/wiki/Q5340806","display_name":"Portfolio","level":2,"score":0.6164851784706116},{"id":"https://openalex.org/C27548731","wikidata":"https://www.wikidata.org/wiki/Q88272","display_name":"Investment (military)","level":3,"score":0.5904337763786316},{"id":"https://openalex.org/C103144560","wikidata":"https://www.wikidata.org/wiki/Q2670999","display_name":"Investment strategy","level":3,"score":0.5026736259460449},{"id":"https://openalex.org/C2776950860","wikidata":"https://www.wikidata.org/wiki/Q2914681","display_name":"Originality","level":3,"score":0.4762856364250183},{"id":"https://openalex.org/C2778865806","wikidata":"https://www.wikidata.org/wiki/Q6060850","display_name":"Investment decisions","level":3,"score":0.4691160023212433},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.46247541904449463},{"id":"https://openalex.org/C76178495","wikidata":"https://www.wikidata.org/wiki/Q4808784","display_name":"Asset (computer security)","level":2,"score":0.458842396736145},{"id":"https://openalex.org/C196083921","wikidata":"https://www.wikidata.org/wiki/Q7915758","display_name":"Variance (accounting)","level":2,"score":0.45280930399894714},{"id":"https://openalex.org/C139819358","wikidata":"https://www.wikidata.org/wiki/Q462748","display_name":"Asset allocation","level":3,"score":0.4336666464805603},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.41927430033683777},{"id":"https://openalex.org/C162118730","wikidata":"https://www.wikidata.org/wiki/Q1128453","display_name":"Actuarial science","level":1,"score":0.38308513164520264},{"id":"https://openalex.org/C162853370","wikidata":"https://www.wikidata.org/wiki/Q39809","display_name":"Marketing","level":1,"score":0.34722277522087097},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.3263936936855316},{"id":"https://openalex.org/C109574028","wikidata":"https://www.wikidata.org/wiki/Q647525","display_name":"Behavioral economics","level":2,"score":0.2970694899559021},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.27687111496925354},{"id":"https://openalex.org/C183582576","wikidata":"https://www.wikidata.org/wiki/Q184783","display_name":"Market liquidity","level":2,"score":0.19127294421195984},{"id":"https://openalex.org/C15744967","wikidata":"https://www.wikidata.org/wiki/Q9418","display_name":"Psychology","level":0,"score":0.12222045660018921},{"id":"https://openalex.org/C121955636","wikidata":"https://www.wikidata.org/wiki/Q4116214","display_name":"Accounting","level":1,"score":0.12204542756080627},{"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/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.0},{"id":"https://openalex.org/C11012388","wikidata":"https://www.wikidata.org/wiki/Q170658","display_name":"Creativity","level":2,"score":0.0},{"id":"https://openalex.org/C94625758","wikidata":"https://www.wikidata.org/wiki/Q7163","display_name":"Politics","level":2,"score":0.0},{"id":"https://openalex.org/C38652104","wikidata":"https://www.wikidata.org/wiki/Q3510521","display_name":"Computer security","level":1,"score":0.0},{"id":"https://openalex.org/C77805123","wikidata":"https://www.wikidata.org/wiki/Q161272","display_name":"Social psychology","level":1,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.1108/ijse-04-2015-0097","doi":"https://doi.org/10.1108/ijse-04-2015-0097","is_oa":false,"landing_page_url":"https://doi.org/10.1108/ijse-04-2015-0097","pdf_url":null,"source":{"id":"https://openalex.org/S49131624","display_name":"International Journal of Social Economics","issn_l":"0306-8293","issn":["0306-8293","1758-6712"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-scientific","cwts-core","erih-plus","jufo-1","norway-1","poland-40","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310319811","host_organization_name":"Emerald Publishing Limited","host_organization_lineage":["https://openalex.org/P4310319811"],"host_organization_lineage_names":["Emerald Publishing Limited"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"International Journal of Social Economics","raw_type":"journal-article"}],"best_oa_location":null,"sustainable_development_goals":[],"study_designs":[{"display_name":"Observational Study","id":"https://openalex.org/study-designs/observational-study"}],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":31,"referenced_works":["https://openalex.org/W1572553620","https://openalex.org/W2018221763","https://openalex.org/W2026459986","https://openalex.org/W2027546142","https://openalex.org/W2033772453","https://openalex.org/W2035678939","https://openalex.org/W2080668844","https://openalex.org/W2094371003","https://openalex.org/W2107288796","https://openalex.org/W2125585375","https://openalex.org/W2128633294","https://openalex.org/W2131680228","https://openalex.org/W2138094294","https://openalex.org/W2140809901","https://openalex.org/W2146299459","https://openalex.org/W2164503525","https://openalex.org/W2188386241","https://openalex.org/W2189550508","https://openalex.org/W2279983661","https://openalex.org/W2313454870","https://openalex.org/W3013568575","https://openalex.org/W3022353042","https://openalex.org/W3023760236","https://openalex.org/W3121685847","https://openalex.org/W3121707173","https://openalex.org/W3122720375","https://openalex.org/W3122843332","https://openalex.org/W3123211918","https://openalex.org/W3125087107","https://openalex.org/W3126080930","https://openalex.org/W4230568566"],"related_works":["https://openalex.org/W2891987869","https://openalex.org/W4399282448","https://openalex.org/W3137667262","https://openalex.org/W3123713475","https://openalex.org/W1586040737","https://openalex.org/W4310297331","https://openalex.org/W2269588657","https://openalex.org/W2043650647","https://openalex.org/W7166160922","https://openalex.org/W2282660717"],"abstract_inverted_index":{"Purpose":[0],"The":[1,97,249],"purpose":[2],"of":[3,15,77,109,125,180,246,256],"this":[4],"paper":[5,223],"is":[6,224],"to":[7,11,146,156,212,228,239,252],"survey":[8],"retail":[9,69,102,126,143,231],"investors":[10,72,127,144],"study":[12],"the":[13,74,116,204,230,253],"determinants":[14],"their":[16,38,60,149],"investment":[17,35,150,167,182,193,219],"behaviour":[18,40,124,183,233,260],"and":[19,24,34,50,70,92,112,118,128,133,159,194,200,218,242,261],"show":[20],"that":[21,101,129,141,148],"individual":[22,181],"heterogeneity":[23,187],"financial":[25,207],"factors":[26,120],"such":[27,46],"as":[28,47,106],"gender,":[29],"age,":[30],"educational":[31],"status,":[32],"income,":[33],"levels":[36],"determine":[37],"trading":[39,61,123],"across":[41],"three":[42],"domains;":[43],"however,":[44],"features":[45],"marital":[48],"status":[49],"occupation":[51],"do":[52],"not":[53],"play":[54],"any":[55],"significant":[56,174],"role":[57,191],"in":[58,90,115,192],"shaping":[59],"behaviour.":[62,248],"Design/methodology/approach":[63],"Structured":[64],"surveys":[65],"are":[66,85,137,154,173],"conducted":[67],"on":[68,177,258],"small":[71],"using":[73,234],"brokerage":[75],"services":[76],"a":[78,107,189],"firm.":[79],"Data":[80],"collected":[81],"from":[82],"primary":[83],"methods":[84],"used":[86],"for":[87,206],"statistical":[88],"analysis":[89],"ANOVA":[91],"multiple":[93],"regression":[94],"frameworks.":[95],"Findings":[96],"authors":[98,250],"also":[99],"report":[100],"investors\u2019":[103],"self-perceived":[104,130,240],"confidence":[105,131,241],"function":[108],"both":[110],"expected":[111],"unexpected":[113],"changes":[114],"market":[117],"personal":[119,213],"largely":[121],"determines":[122],"level":[132],"self-reported":[134],"portfolio":[135,216],"size":[136],"positively":[138],"associated":[139],"implying":[140],"(over-)confident":[142],"tend":[145],"believe":[147],"skills":[151],"being":[152],"superior":[153],"bound":[155],"perform":[157],"better":[158],"thus":[160],"they":[161],"typically":[162],"hold":[163],"larger":[164],"than":[165],"average":[166],"portfolios.":[168],"Practical":[169],"implications":[170],"These":[171],"findings":[172],"because":[175],"research":[176],"cross-sectional":[178],"variance":[179],"explains":[184],"how":[185],"investor":[186,232,247,259],"plays":[188],"critical":[190],"asset":[195],"allocation":[196],"decisions.":[197],"Investors,":[198],"researchers,":[199],"practitioners":[201],"would":[202],"use":[203],"results":[205],"decision":[208],"making":[209],"specifically":[210],"related":[211],"finance,":[214],"behavioural":[215,262],"management,":[217],"advisory.":[220],"Originality/value":[221],"This":[222],"an":[225],"empirical":[226],"approach":[227,236],"explore":[229],"psychometric":[235],"with":[237],"respect":[238],"other":[243],"perceived":[244],"measures":[245],"contribute":[251],"emerging":[254],"set":[255],"literature":[257],"finance.":[263]},"counts_by_year":[{"year":2026,"cited_by_count":2},{"year":2025,"cited_by_count":3},{"year":2024,"cited_by_count":3},{"year":2023,"cited_by_count":4},{"year":2022,"cited_by_count":4},{"year":2021,"cited_by_count":4},{"year":2020,"cited_by_count":3}],"updated_date":"2026-10-14T16:39:01.820549","created_date":"2017-05-05T00:00:00"}