Determinants of the possibilities by investors’ risk-taking: Empirical evidence from Vietnam

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; accord...

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Main Authors: Linh Duy Bui, Trung Chi Le, Anh Huynh Ngoc Quang, Wing-Keung Wong
Format: Article
Language:English
Published: Taylor & Francis Group 2021-01-01
Series:Cogent Economics & Finance
Subjects:
Online Access:http://dx.doi.org/10.1080/23322039.2021.1917106
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spelling doaj-4dfc30c64adb4897b80c6dd541dd1b792021-05-13T09:30:32ZengTaylor & Francis GroupCogent Economics & Finance2332-20392021-01-019110.1080/23322039.2021.19171061917106Determinants of the possibilities by investors’ risk-taking: Empirical evidence from VietnamLinh Duy Bui0Trung Chi Le1Anh Huynh Ngoc Quang2Wing-Keung Wong3Foreign Trade UniversityBanking University of Ho Chi Minh CitySchool of Banking, University of Economics Ho Chi Minh CityFintech Center, and Big Data Research Center, Asia University, Ho Chi Minh CityThis 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.http://dx.doi.org/10.1080/23322039.2021.1917106risk perceptionrisk preferenceoverconfidenceherdingrisk-taking
collection DOAJ
language English
format Article
sources DOAJ
author Linh Duy Bui
Trung Chi Le
Anh Huynh Ngoc Quang
Wing-Keung Wong
spellingShingle Linh Duy Bui
Trung Chi Le
Anh Huynh Ngoc Quang
Wing-Keung Wong
Determinants of the possibilities by investors’ risk-taking: Empirical evidence from Vietnam
Cogent Economics & Finance
risk perception
risk preference
overconfidence
herding
risk-taking
author_facet Linh Duy Bui
Trung Chi Le
Anh Huynh Ngoc Quang
Wing-Keung Wong
author_sort Linh Duy Bui
title Determinants of the possibilities by investors’ risk-taking: Empirical evidence from Vietnam
title_short Determinants of the possibilities by investors’ risk-taking: Empirical evidence from Vietnam
title_full Determinants of the possibilities by investors’ risk-taking: Empirical evidence from Vietnam
title_fullStr Determinants of the possibilities by investors’ risk-taking: Empirical evidence from Vietnam
title_full_unstemmed Determinants of the possibilities by investors’ risk-taking: Empirical evidence from Vietnam
title_sort determinants of the possibilities by investors’ risk-taking: empirical evidence from vietnam
publisher Taylor & Francis Group
series Cogent Economics & Finance
issn 2332-2039
publishDate 2021-01-01
description 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.
topic risk perception
risk preference
overconfidence
herding
risk-taking
url http://dx.doi.org/10.1080/23322039.2021.1917106
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AT trungchile determinantsofthepossibilitiesbyinvestorsrisktakingempiricalevidencefromvietnam
AT anhhuynhngocquang determinantsofthepossibilitiesbyinvestorsrisktakingempiricalevidencefromvietnam
AT wingkeungwong determinantsofthepossibilitiesbyinvestorsrisktakingempiricalevidencefromvietnam
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