Investment Behavior among Accounting/Finance Professionals in Sri Lanka
Investment behavior is important to investigate as it helps to determine the performance of financial markets. Further, surveying of finance professionals who are more financially literate than the general public will be subtle and be more valuable to policymakers and financial providers. This study investigates the Investment Behavior among Accounting/Finance Professionals in Sri Lanka, considering the aspects of socio-economic and demographic factors, financial risk tolerance, concerns, and motives. The study was conducted in Sri Lanka with 150 Charted Accountants who are currently residing within Sri Lanka, selected from the “Institute of Charted Accountants of Sri Lanka” (ICASL) by using simple random sampling method. Both primary and secondary data was gathered through online questionnaires and past literature respectively. The initial data analysis was done through Pearson’s correlation which was also used to test the first hypothesis, while the advanced regression models (Ordered Logit and Probit) were used to test the other three hypotheses generated in the study. The tool used to derive the results are SPSS and Stata software packages. According to the results analyzed; concerns, motives and the financial risk tolerance levels depicted a positive and significant relationship with the investment behavior, whereas demographics and socioeconomic factors show a negative correlation. To test the likelihood of outcomes, the ordered logit and ordered Probit models were used accordingly and it resulted as an increase in likelihood of high investment behavior with Financial Risk Tolerance, concerns, and motives towards investing
Year of publication: |
[2023]
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Authors: | Alles, L ; Lokeshwara, A. ; Liyanage, D.L.N.Y ; Edirisinghe, C. M ; Siriwardhana, P.K.K.H |
Publisher: |
[S.l.] : SSRN |
Saved in:
freely available
Extent: | 1 Online-Ressource (13 p) |
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Type of publication: | Book / Working Paper |
Language: | English |
Notes: | Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments May 20, 2023 erstellt |
Other identifiers: | 10.2139/ssrn.4454033 [DOI] |
Source: | ECONIS - Online Catalogue of the ZBW |
Persistent link: https://www.econbiz.de/10014359404
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