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Article
Recent Evidence on Investors’ Behavior in the Tehran Stock Exchange: Preliminary Evidence and Future Insights
Journal of Financial Research
  • Abolhasson Jalilvand, Loyola University Chicago
  • Mojtaba Rostami Noroozabad, Islamic Azad University North Tehran Branch
Document Type
Article
Publication Date
1-1-2016
Pages
95-125
Disciplines
Abstract

In this study, provided preliminary evidence on a comprehensive program of study focusing on investors’ behavior in the Tehran Stock Exchange (TSE) in 2014. Using a survey-based methodology, 561 investors from the TSE representing individual investors, mutual fund experts, funding institutions experts, institutional investors, and stock brokers have been randomly selected to respond to a set of behavioral and economic questions recommended by the previous research in the field of behavioral finance. Factor loading from the collected data reveal that both behavioral and economic variables appear to influence investors’ decisions in the TSE. In the further to be shared new theoretical and econometric insights that is currently being amended preliminary evidence including dis-aggregating the sample by investors’ type (individual vs. institutional investors) as well as using structural equation modeling to test the statistical significance of the proposed variables and their differences across samples.

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Author Posting © the authors, 2016. This article is posted here for personal use, not for redistribution. The article was published in International Journal of Communication, 2016, https://jfr.ut.ac.ir/article_59622.html

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Citation Information
Abolhasson Jalilvand and Mojtaba Rostami Noroozabad. "Recent Evidence on Investors’ Behavior in the Tehran Stock Exchange: Preliminary Evidence and Future Insights" Journal of Financial Research Vol. 18 Iss. 1 (2016)
Available at: http://works.bepress.com/abol_jalilvand/3/