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DOI :10.26650/ibr.2023.52.955732   IUP :10.26650/ibr.2023.52.955732    Full Text (PDF)

The Relationship between Behavioral Tendencies and Stock Market Participation: A Study for Accounting and Finance Academics

Abdulvahid Çavuşoğlu, İbrahim Halil Ekşi, Ahmet Şit

The purpose of this study is to identify the behavioral tendencies of accounting and finance academics in participating in the stock market and to examine the impact of these behavioral tendencies on their participation in the stock market. Behavioral finance recognizes that investors do not act rationally. Investors are influenced by behavioral trends and socioeconomic factors in addition to risk and return factors. Although there are many behavioral tendencies, the most basic behavioral tendencies recognized in the literature are risk tolerance, self-confidence, herd behavior, and anchoring tendencies. Along with the above factors, the socioeconomic factors of the participants and their participation in the stock market were also examined. The surveys, which were conducted among a total of 403 academics in the field of accounting and finance, were analyzed using logistic regression and chi-square test. As a result of the analyzes conducted in this study, it was found that there is a relationship between behavioral tendencies and 8 socioeconomic factors and participation in the stock market. Moreover, it was found that demographic variables such as age, marital status, amount of savings and years of academic experience have a significant relationship with participation in the stock market.

Keywords: Behavioral Tendencies, Stock Market Participation, Principal Component Analysis, Chi-Square Test, Logistic Regression Analysis

EXTENDED ABSTRACT


Behavioral Tendencies, Stock Market Participation, Principal Component Analysis, Chi-Square Test, Logistic Regression Analysis


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APA

Çavuşoğlu, A., Ekşi, İ.H., & Şit, A. (2023). The Relationship between Behavioral Tendencies and Stock Market Participation: A Study for Accounting and Finance Academics. Istanbul Business Research, 52(1), 47-65. https://doi.org/10.26650/ibr.2023.52.955732


AMA

Çavuşoğlu A, Ekşi İ H, Şit A. The Relationship between Behavioral Tendencies and Stock Market Participation: A Study for Accounting and Finance Academics. Istanbul Business Research. 2023;52(1):47-65. https://doi.org/10.26650/ibr.2023.52.955732


ABNT

Çavuşoğlu, A.; Ekşi, İ.H.; Şit, A. The Relationship between Behavioral Tendencies and Stock Market Participation: A Study for Accounting and Finance Academics. Istanbul Business Research, [Publisher Location], v. 52, n. 1, p. 47-65, 2023.


Chicago: Author-Date Style

Çavuşoğlu, Abdulvahid, and İbrahim Halil Ekşi and Ahmet Şit. 2023. “The Relationship between Behavioral Tendencies and Stock Market Participation: A Study for Accounting and Finance Academics.” Istanbul Business Research 52, no. 1: 47-65. https://doi.org/10.26650/ibr.2023.52.955732


Chicago: Humanities Style

Çavuşoğlu, Abdulvahid, and İbrahim Halil Ekşi and Ahmet Şit. “The Relationship between Behavioral Tendencies and Stock Market Participation: A Study for Accounting and Finance Academics.” Istanbul Business Research 52, no. 1 (Jun. 2023): 47-65. https://doi.org/10.26650/ibr.2023.52.955732


Harvard: Australian Style

Çavuşoğlu, A & Ekşi, İH & Şit, A 2023, 'The Relationship between Behavioral Tendencies and Stock Market Participation: A Study for Accounting and Finance Academics', Istanbul Business Research, vol. 52, no. 1, pp. 47-65, viewed 7 Jun. 2023, https://doi.org/10.26650/ibr.2023.52.955732


Harvard: Author-Date Style

Çavuşoğlu, A. and Ekşi, İ.H. and Şit, A. (2023) ‘The Relationship between Behavioral Tendencies and Stock Market Participation: A Study for Accounting and Finance Academics’, Istanbul Business Research, 52(1), pp. 47-65. https://doi.org/10.26650/ibr.2023.52.955732 (7 Jun. 2023).


MLA

Çavuşoğlu, Abdulvahid, and İbrahim Halil Ekşi and Ahmet Şit. “The Relationship between Behavioral Tendencies and Stock Market Participation: A Study for Accounting and Finance Academics.” Istanbul Business Research, vol. 52, no. 1, 2023, pp. 47-65. [Database Container], https://doi.org/10.26650/ibr.2023.52.955732


Vancouver

Çavuşoğlu A, Ekşi İH, Şit A. The Relationship between Behavioral Tendencies and Stock Market Participation: A Study for Accounting and Finance Academics. Istanbul Business Research [Internet]. 7 Jun. 2023 [cited 7 Jun. 2023];52(1):47-65. Available from: https://doi.org/10.26650/ibr.2023.52.955732 doi: 10.26650/ibr.2023.52.955732


ISNAD

Çavuşoğlu, Abdulvahid - Ekşi, İbrahimHalil - Şit, Ahmet. “The Relationship between Behavioral Tendencies and Stock Market Participation: A Study for Accounting and Finance Academics”. Istanbul Business Research 52/1 (Jun. 2023): 47-65. https://doi.org/10.26650/ibr.2023.52.955732



TIMELINE


Submitted27.07.2021
First Revision17.01.2022
Last Revision29.01.2022
Accepted14.02.2022
Published Online29.09.2022

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