A factor analysis of investment behaviour for small investors in the Hong Kong stock market

HON Tai Yuen, Kurt

A factor analysis of investment behaviour for small investors in the Hong Kong stock market

Author(s)

HON Tai Yuen, Kurt

Date Issued

2015

Publisher

Istanbul : KSP Journals

Journal

Journal of Economics Library

ISSN

2149-2379

Citation

Journal of Economics Library, 2015, vol. 2(2), pp. 68-78.

URI

http://hdl.handle.net/20.500.11861/2614

Description

11 pages

Open Access

Type

Peer Reviewed Journal Article

Abstract

Hon (2012) found that small investors were overconfident and bought more stock during the buoyant market in the Hong Kong stock market. Small investors also exhibited herd behaviour. In this paper we extend his paper to identify and analyse the important factors that capture the behaviour of small investors in the Hong Kong stock market,especially during the financial crisis.Exploratory factor analysis is employed to analyse the data, we found that monitor investments is the second important factor and reference group is the most important factor..

Subjects

Factor Analysis

Small Investors

Stock Market

Hong Kong

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Size

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Format

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A factor analysis of investment behaviour for small investors in the Hong Kong stock market

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