Investors’ images of the stock market:

Antecedents and consequences

Authors

  • Dawn Dobni Department of Management and Marketing, Edwards School of Business, University of Saskatchewan
  • Marie Racine Department of Finance and Management Science, Edwards School of Business, University of Saskatchewan

DOI:

https://doi.org/10.61190/fsr.v25i1.3258

Keywords:

Stock market image, Investor perceptions, Stock market investing, Stock market participation, Retail investor

Abstract

This research studies antecedents and consequences of stock market image, defined as the sum of impressions about the stock market. It seeks to understand how several personality-oriented, cognition-based, and demographic variables influence investors’ images of the stock market and how these images impact investing behaviors and outcomes. The findings from cross-sectional
survey data suggest an individual’s financial literacy, propensity to trust, and sociability are important antecedents of his or her perceptions about the stock market. The data also show that stock market image affects investing motives, risk reduction efforts, emotional responses, and degree of satisfaction associated with investing.

Downloads

Published

2016-03-30

How to Cite

Dobni, D., & Racine, M. (2016). Investors’ images of the stock market: : Antecedents and consequences. Financial Services Review, 25(1), 1–28. https://doi.org/10.61190/fsr.v25i1.3258

Issue

Vol. 25 No. 1 (2016): Spring 2016

Section

New Original Submission

License

Copyright (c) 2014 Academy of Financial Services

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.

Author(s) retain copyright and grant the Journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution-NonCommercial 4.0 International License that allows to share the work with an acknowledgment of the work's authorship and initial publication in this Journal.

This license allows the author to remix, tweak, and build upon the original work non-commercially. The new work(s) must be non-commercial and acknowledge the original work.