HON Tai Yuen, KurtKurtHON Tai Yuen2016-06-112016-06-112015Journal of Economics Library, 2015, vol. 2(2), pp. 68-78.2149-2379http://hdl.handle.net/20.500.11861/261411 pagesOpen AccessHon (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..EnglishFactor AnalysisSmall InvestorsStock MarketHong KongInvestment analysis China Hong Kong.Stock exchanges China Hong Kong.Peer Reviewed Journal Article