International Journal For Multidisciplinary Research

E-ISSN: 2582-2160     Impact Factor: 9.24

A Widely Indexed Open Access Peer Reviewed Multidisciplinary Bi-monthly Scholarly International Journal

Call for Paper Volume 6 Issue 3 May-June 2024 Submit your research before last 3 days of June to publish your research paper in the issue of May-June.

Role of Personality Traits in Influencing Investment Decisions: Exploring the Moderating Effect of Financial Literacy

Author(s) Shivam Chaturvedi, Dr. Neeraj Shukla
Country India
Abstract At the heart of any economic advancement lies the pivotal decision-making process. For investors seeking to deploy their capital strategically and enhance their returns, the art of selecting investments is paramount.
There are several factors to consider before choosing an investment. This study's goal is to evaluate the influence of personality characteristics (extraversion and neuroticism) on investing decisions, with financial literacy serving as a moderating factor. 204 investors and master's level students made up the sample size for the questionnaire survey that was done for this study in order to collect primary data from the intended respondents. Using the SPSS software, this survey was conducted. Analysing the data and verifying the hypotheses involved the use of statistical methods including mean, standard deviations, correlation, and regressions. The analysis's findings indicated that neuroticism, extraversion, and investment decisions all have a significant impact. Financial literacy also has a positive and significant impact on investment decisions, but it does not moderate the relationship between these three variables and investment decisions.
Keywords Investors Behaviour, Financial literacy, Personality Traits
Field Business Administration
Published In Volume 6, Issue 3, May-June 2024
Published On 2024-05-07
Cite This Role of Personality Traits in Influencing Investment Decisions: Exploring the Moderating Effect of Financial Literacy - Shivam Chaturvedi, Dr. Neeraj Shukla - IJFMR Volume 6, Issue 3, May-June 2024. DOI 10.36948/ijfmr.2024.v06i03.19599
DOI https://doi.org/10.36948/ijfmr.2024.v06i03.19599
Short DOI https://doi.org/gttbfh

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