Title: Personality types and investment management: practitioners versus postgraduate financial students

Authors: Majid Ashrafi; Rafaat Rajablou

Addresses: Department of Accounting, Aliabad Katoul Branch, Islamic Azad University, Aliabad Katoul, Iran ' Department of Accounting, Aliabad Katoul Branch, Islamic Azad University, Aliabad Katoul, Iran

Abstract: The purpose of this study is to examine the effect of personality types on investment management. The population of the study are all of the stockholders of Tehran Stock Exchange and also the postgraduate financial students of finance in different universities all around Iran. Structural equation modelling (SEM) is used to investigate the effect of personality traits on investment management. The sample included 131 investors and 157 postgraduate financial students. The results show that extraverts as well as those who were agreeable and open to experience were willingness to make short-term and long-term investments. Conscientious and neurotic individuals were not willing to make short-term investments and were unpredictable in long-term in-vestments. Their participation depends on their complete assessment of the reliability of the circumstances. In addition, our findings indicate that in some types of personality, practitioners and financial students have various views on their investment management.

Keywords: investment; extraversion; agreeableness; conscientiousness; neuroticism; openness to experience.

DOI: 10.1504/IJICBM.2020.107673

International Journal of Indian Culture and Business Management, 2020 Vol.20 No.3, pp.326 - 341

Received: 15 Jun 2018
Accepted: 15 Apr 2019
Published online: 08 Jun 2020 *

Full-text access for editors Full-text access for subscribers Purchase this article Comment on this article