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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2021-01-01
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Online Access: | http://dx.doi.org/10.1080/23322039.2021.1917106 |
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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 |
work_keys_str_mv |
AT linhduybui determinantsofthepossibilitiesbyinvestorsrisktakingempiricalevidencefromvietnam AT trungchile determinantsofthepossibilitiesbyinvestorsrisktakingempiricalevidencefromvietnam AT anhhuynhngocquang determinantsofthepossibilitiesbyinvestorsrisktakingempiricalevidencefromvietnam AT wingkeungwong determinantsofthepossibilitiesbyinvestorsrisktakingempiricalevidencefromvietnam |
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1721442201131548672 |