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Determinants of the possibilities by investors’ risk-taking: Empirical evidence from Vietnam
oleh: Linh Duy Bui, Trung Chi Le, Anh Huynh Ngoc Quang, Wing-Keung Wong
Format: | Article |
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Diterbitkan: | Taylor & Francis Group 2021-01-01 |
Deskripsi
This paper focuses on determining the factors influencing investors’ risk-taking through empirical evidence from Vietnam. This study investigates risk perception, expected return and herding behavior, and other determinants such as historical volatility and subjective financial risk attitude; according to previous studies, these are the main components affecting risk-taking behavior among investors. Overconfidence (better than average, miscalibration, and excessive optimism) is also taken into consideration. We employ pooled-OLS and quantile regression to overcome the shortage of research models in this field. In addition, we demonstrate how risk-taking behavior can be affected by those factors with the application of measures across four different investment channels. This study suggests implications for investors who wish to control risk.