COGNITIVE AND EMOTIONAL BEHAVIOURAL FINANCE FACTORS AND INVESTORS’ INVESTMENT DECISION MAKING: EVIDENCE FROM THE NIGERIANCAPITAL MARKET

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dc.contributor.authorOGBEIDE, SUNDAY OSEIWEH
dc.contributor.authorUGBOGBO, SUNDAY NOSA
dc.date.accessioned2023-10-04T08:35:28Z
dc.date.available2023-10-04T08:35:28Z
dc.date.issued2022-12
dc.description.abstractThis study investigated cognitive and emotional behavioural finance biases and investors’ investment decision making in the Nigerian capital market. The cognitive behavioural finance biases examined were overconfidence bias and self-attribution bias; while the emotional behavioural finance bias were illusion of control bias and regret bias. The study used the survey-descriptive research design while four-point scale likert-type questionnaire was employed as the research instrument to elicit responses from one hundred respondents selected using the simple random sampling method. The data was analyzedusing the ordinary least squares (OLS) multiple regression method. Findings from the research showed a positive and significant effect of overconfidence bias, self-attribution bias, illusion of control bias and regret bias on the investors’ investment decision making in the Nigerian bourse. Illusion of control demonstrated little effect on investment decision making compared to other biases examined. The study concluded that both cognitive and emotional behavioural finance biases are key drivers of investors’ investment decision making in the Nigerian stock market. The study therefore recommends that investors should frequently form a proper pattern of judging and observing the behaviour of others while decisions are being made.en_US
dc.identifier.issn2682-6135
dc.identifier.urihttp://repository.elizadeuniversity.edu.ng/handle/20.500.12398/1413
dc.language.isoenen_US
dc.publisherInternational Journal of Management, Social Sciences, Peace and Conflict Studies (IJMSSPCS)en_US
dc.subjectOverconfidence biasen_US
dc.subjectSelf-attribution biasen_US
dc.subjectIllusion of Control biasen_US
dc.subjectRegret biasen_US
dc.subjectInvestors’ Decision Makingen_US
dc.titleCOGNITIVE AND EMOTIONAL BEHAVIOURAL FINANCE FACTORS AND INVESTORS’ INVESTMENT DECISION MAKING: EVIDENCE FROM THE NIGERIANCAPITAL MARKETen_US
dc.typeArticleen_US
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