Title: Investors' trading activity: a behavioural perspective

Authors: Dimitrios Kourtidis, Zeljko Sevic, Prodromos Chatzoglou

Addresses: Department of Accounting, Finance and Risk, Caledonian Business School, Glasgow Caledonian University, Cowcaddens Road, Glasgow G4 0BA, UK. ' Department of Accounting, Finance and Risk, Caledonian Business School, Glasgow Caledonian University, Cowcaddens Road, Glasgow G4 0BA, UK. ' Production and Management Engineering Department, Democritus University of Thrace, Library Building, Kimmeria, 67100 Xanthi, Greece

Abstract: This paper discusses whether psychological biases (overconfidence and mood), and social intelligence (in the form of self-monitoring) influence individual investors| decision making and their trading behaviour (trading frequency, volume and performance). Indeed, the literature review reveals that there is an association, between these parameters and trading behaviour. In conclusion, a new research model is proposed to confirm these relationships. The use of this model will expand investors| knowledge about financial decision-making process and trading behaviour.

Keywords: behavioural finance; trading behaviour; psychological biases; personality traits; investor trading; investor decision making; overconfidence; mood; social intelligence; self-monitoring;financial decision making.

DOI: 10.1504/IJTGM.2010.030408

International Journal of Trade and Global Markets, 2010 Vol.3 No.1, pp.52 - 67

Available online: 15 Dec 2009 *

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