{"id":"https://openalex.org/W4414737142","doi":"https://doi.org/10.47772/ijriss.2025.909000117","title":"Behavioral Biases and Unclaimed Dividends: Evidence from the Nigerian Capital Market","display_name":"Behavioral Biases and Unclaimed Dividends: Evidence from the Nigerian Capital Market","publication_year":2025,"publication_date":"2025-10-01","ids":{"openalex":"https://openalex.org/W4414737142","doi":"https://doi.org/10.47772/ijriss.2025.909000117"},"language":"en","primary_location":{"id":"doi:10.47772/ijriss.2025.909000117","doi":"https://doi.org/10.47772/ijriss.2025.909000117","is_oa":false,"landing_page_url":"https://doi.org/10.47772/ijriss.2025.909000117","pdf_url":null,"source":{"id":"https://openalex.org/S4210198394","display_name":"International Journal of Research and Innovation in Social Science","issn_l":"2454-6186","issn":["2454-6186"],"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"International Journal of Research and Innovation in Social Science","raw_type":"journal-article"},"volume":null,"type":"article","is_traditional":true,"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/A5060923170","display_name":"Abdul Adamu","orcid":"https://orcid.org/0000-0002-6425-4064","observed_orcids":["https://orcid.org/0000-0002-6425-4064"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Abdul Adamu","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]},{"author_position":"middle","author":{"id":"https://openalex.org/A5080914904","display_name":"Zainab Husseini Abdul","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Zainab Abdul Husseini","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]},{"author_position":"last","author":{"id":"https://openalex.org/A5119807475","display_name":"Yusuf Alhaji Usman","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Yusuf Alhaji Usman","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":0.0,"has_fulltext":false,"cited_by_count":0,"citation_normalized_percentile":{"value":0.0,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":null,"biblio":{"volume":null,"issue":null,"first_page":"1319","last_page":"1331"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.8871999979019165,"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":0.8871999979019165,"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":0.04149999842047691,"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/behavioral-biases","display_name":"behavioral biases","score":0.9430000185966492},{"id":"https://openalex.org/keywords/procrastination","display_name":"procrastination","score":0.9739999771118164},{"id":"https://openalex.org/keywords/overconfidence","display_name":"overconfidence","score":0.9959999918937683},{"id":"https://openalex.org/keywords/herding-behavior","display_name":"herding behavior","score":0.9860000014305115},{"id":"https://openalex.org/keywords/loss-aversion","display_name":"loss aversion","score":1.0},{"id":"https://openalex.org/keywords/nigerian-capital-market","display_name":"Nigerian capital market","score":0.8489999771118164},{"id":"https://openalex.org/keywords/behavioral-finance","display_name":"behavioral finance","score":0.7210000157356262},{"id":"https://openalex.org/keywords/investor-behavior","display_name":"investor behavior","score":0.746999979019165}],"concepts":[{"id":"https://openalex.org/C51110983","wikidata":"https://www.wikidata.org/wiki/Q16503490","display_name":"Overconfidence effect","level":2,"score":0.9175000190734863},{"id":"https://openalex.org/C194279344","wikidata":"https://www.wikidata.org/wiki/Q330104","display_name":"Procrastination","level":2,"score":0.7875999808311462},{"id":"https://openalex.org/C116168712","wikidata":"https://www.wikidata.org/wiki/Q181201","display_name":"Dividend","level":2,"score":0.6363000273704529},{"id":"https://openalex.org/C109574028","wikidata":"https://www.wikidata.org/wiki/Q647525","display_name":"Behavioral economics","level":2,"score":0.5823000073432922},{"id":"https://openalex.org/C15744967","wikidata":"https://www.wikidata.org/wiki/Q9418","display_name":"Psychology","level":0,"score":0.5134000182151794},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.47029998898506165},{"id":"https://openalex.org/C121087249","wikidata":"https://www.wikidata.org/wiki/Q546395","display_name":"Emerging markets","level":2,"score":0.4657999873161316},{"id":"https://openalex.org/C2776509080","wikidata":"https://www.wikidata.org/wiki/Q309406","display_name":"Apathy","level":3,"score":0.44369998574256897},{"id":"https://openalex.org/C162118730","wikidata":"https://www.wikidata.org/wiki/Q1128453","display_name":"Actuarial science","level":1,"score":0.4433000087738037},{"id":"https://openalex.org/C177605951","wikidata":"https://www.wikidata.org/wiki/Q1484503","display_name":"Herding","level":2,"score":0.4404999911785126},{"id":"https://openalex.org/C143910263","wikidata":"https://www.wikidata.org/wiki/Q750458","display_name":"Capital market","level":2,"score":0.4293000102043152},{"id":"https://openalex.org/C102235558","wikidata":"https://www.wikidata.org/wiki/Q1609678","display_name":"Herd behavior","level":3,"score":0.42489999532699585},{"id":"https://openalex.org/C179034447","wikidata":"https://www.wikidata.org/wiki/Q2621675","display_name":"Nomothetic and idiographic","level":2,"score":0.413100004196167},{"id":"https://openalex.org/C196083921","wikidata":"https://www.wikidata.org/wiki/Q7915758","display_name":"Variance (accounting)","level":2,"score":0.40630000829696655},{"id":"https://openalex.org/C71104824","wikidata":"https://www.wikidata.org/wiki/Q1476639","display_name":"Structural equation modeling","level":2,"score":0.3961000144481659},{"id":"https://openalex.org/C122980154","wikidata":"https://www.wikidata.org/wiki/Q205555","display_name":"Feeling","level":2,"score":0.3547999858856201},{"id":"https://openalex.org/C169903001","wikidata":"https://www.wikidata.org/wiki/Q3264987","display_name":"Reciprocity (cultural anthropology)","level":2,"score":0.35109999775886536},{"id":"https://openalex.org/C27548731","wikidata":"https://www.wikidata.org/wiki/Q88272","display_name":"Investment (military)","level":3,"score":0.34119999408721924},{"id":"https://openalex.org/C83646750","wikidata":"https://www.wikidata.org/wiki/Q193893","display_name":"Capital (architecture)","level":2,"score":0.33959999680519104},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.3361000120639801},{"id":"https://openalex.org/C77805123","wikidata":"https://www.wikidata.org/wiki/Q161272","display_name":"Social psychology","level":1,"score":0.3305000066757202},{"id":"https://openalex.org/C339426","wikidata":"https://www.wikidata.org/wiki/Q1151839","display_name":"Prospect theory","level":2,"score":0.3253999948501587},{"id":"https://openalex.org/C38935604","wikidata":"https://www.wikidata.org/wiki/Q4330363","display_name":"Stylized fact","level":2,"score":0.3240000009536743},{"id":"https://openalex.org/C27415008","wikidata":"https://www.wikidata.org/wiki/Q7256382","display_name":"Psychological intervention","level":2,"score":0.32120001316070557},{"id":"https://openalex.org/C9992130","wikidata":"https://www.wikidata.org/wiki/Q484954","display_name":"Pessimism","level":2,"score":0.30059999227523804},{"id":"https://openalex.org/C172497479","wikidata":"https://www.wikidata.org/wiki/Q302208","display_name":"Capital expenditure","level":2,"score":0.29280000925064087},{"id":"https://openalex.org/C2776708433","wikidata":"https://www.wikidata.org/wiki/Q6987190","display_name":"Negative affectivity","level":3,"score":0.28040000796318054},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.27559998631477356},{"id":"https://openalex.org/C2776033948","wikidata":"https://www.wikidata.org/wiki/Q6545811","display_name":"Jealousy","level":2,"score":0.273499995470047},{"id":"https://openalex.org/C53059260","wikidata":"https://www.wikidata.org/wiki/Q374758","display_name":"Multilevel model","level":2,"score":0.271699994802475},{"id":"https://openalex.org/C50817715","wikidata":"https://www.wikidata.org/wiki/Q79895177","display_name":"Regret","level":2,"score":0.2685999870300293},{"id":"https://openalex.org/C198477413","wikidata":"https://www.wikidata.org/wiki/Q7647069","display_name":"Survey data collection","level":2,"score":0.2669000029563904},{"id":"https://openalex.org/C2777138209","wikidata":"https://www.wikidata.org/wiki/Q231002","display_name":"Nationality","level":3,"score":0.26510000228881836},{"id":"https://openalex.org/C2777340749","wikidata":"https://www.wikidata.org/wiki/Q6684955","display_name":"Lottery","level":2,"score":0.2603999972343445},{"id":"https://openalex.org/C127729010","wikidata":"https://www.wikidata.org/wiki/Q60165","display_name":"Dynamic inconsistency","level":2,"score":0.25870001316070557},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.25459998846054077}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.47772/ijriss.2025.909000117","doi":"https://doi.org/10.47772/ijriss.2025.909000117","is_oa":false,"landing_page_url":"https://doi.org/10.47772/ijriss.2025.909000117","pdf_url":null,"source":{"id":"https://openalex.org/S4210198394","display_name":"International Journal of Research and Innovation in Social Science","issn_l":"2454-6186","issn":["2454-6186"],"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"International Journal of Research and Innovation in Social Science","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":0,"referenced_works":[],"related_works":["https://openalex.org/W7154600408","https://openalex.org/W4306720329","https://openalex.org/W7218520097","https://openalex.org/W7095808193","https://openalex.org/W7202008166","https://openalex.org/W4407557228","https://openalex.org/W1503772364","https://openalex.org/W7220005213","https://openalex.org/W7155677830","https://openalex.org/W6893220763"],"abstract_inverted_index":{"This":[0],"study":[1,111],"investigates":[2],"the":[3,12,37,78,104],"impact":[4],"of":[5,24,103],"behavioral":[6,42,60],"biases":[7,61],"on":[8],"unclaimed":[9,65,107],"dividends":[10],"in":[11,106],"Nigerian":[13,26],"capital":[14],"market.":[15],"Using":[16],"a":[17,22],"quantitative":[18],"research":[19,38],"design":[20],"with":[21,67],"survey":[23],"412":[25],"investors":[27],"and":[28,52,90],"employing":[29],"Partial":[30],"Least":[31],"Squares":[32],"Structural":[33],"Equation":[34],"Modeling":[35],"(PLS-SEM),":[36],"examined":[39],"five":[40,59],"specific":[41],"factors:":[43],"overconfidence":[44,91],"bias,":[45],"herding":[46],"behavior,":[47],"loss":[48],"aversion,":[49],"investor":[50,68],"apathy,":[51],"procrastination.":[53],"The":[54,99,110],"findings":[55],"revealed":[56],"that":[57,117],"all":[58],"significantly":[62],"contribute":[63],"to":[64],"dividends,":[66],"apathy":[69],"(\u03b2":[70,84,93],"=":[71,85,94],"0.234,":[72],"p":[73,87,96],"<":[74,88,97],"0.001)":[75,89],"emerging":[76],"as":[77],"strongest":[79],"predictor,":[80],"followed":[81],"by":[82],"procrastination":[83],"0.198,":[86],"bias":[92],"0.187,":[95],"0.001).":[98],"model":[100],"explained":[101],"67.3%":[102],"variance":[105],"dividend":[108],"behavior.":[109],"recommended":[112],"implementing":[113],"behavioral-focused":[114],"regulatory":[115],"interventions":[116],"address":[118],"psychological":[119],"factors":[120],"rather":[121],"than":[122],"purely":[123],"technical":[124],"solutions.":[125]},"counts_by_year":[],"updated_date":"2026-10-12T09:40:04.860316","created_date":"2025-10-10T00:00:00"}
