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DC Field | Value | Language |
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dc.date.accessioned | 2021-10-20T08:57:24Z | - |
dc.date.available | 2021-10-20T08:57:24Z | - |
dc.date.issued | 2019 | - |
dc.identifier.citation | Caruana, C. (2019). An analysis on the financial behaviour of investors within the Maltese investment population (Bachelor's dissertation). | en_GB |
dc.identifier.uri | https://www.um.edu.mt/library/oar/handle/123456789/82502 | - |
dc.description | B.COM.(HONS)BANK.&FIN. | en_GB |
dc.description.abstract | The main objective of this study is to explore several behavioural biases and analyse their impact on Maltese investors. To conduct this study, a questionnaire was distributed among both individual and institutional investors. After analysing the data, every demographic group was further analysed, to determine which segment was mostly affected by these biases. Although many financial theories suggest that investors have rational expectations and make decisions to achieve the greatest possible returns, under a tolerable level of risk, behavioural finance seems to contradict these theories. Behavioural finance refers to the study of the influence of psychological factors on financial markets. Investors do not always make rational decisions, and sometimes, these deviations from rational behaviour lead to certain market anomalies. These market anomalies contradict the Efficient Market Hypothesis (EMH), since it assumes that markets are always rational and efficient. Behavioural finance suggests that investors are influenced by both cognitive and emotional biases, which might affect their investment decisions. Emotional biases seem to be more difficult to correct, since these are personality traits which are instilled in each and every individual. However, there are certain safety measures which investors can implement to reduce the impact on their investment decisions. This dissertation will go through both cognitive and emotional biases, and determine their impact on Maltese investors. | en_GB |
dc.language.iso | en | en_GB |
dc.rights | info:eu-repo/semantics/restrictedAccess | en_GB |
dc.subject | Investments -- Malta | en_GB |
dc.subject | Investments -- Malta -- Psychological aspects | en_GB |
dc.subject | Investments -- Malta -- Decision making | en_GB |
dc.subject | Efficient market theory | - |
dc.title | An analysis on the financial behaviour of investors within the Maltese investment population | en_GB |
dc.type | bachelorThesis | en_GB |
dc.rights.holder | The copyright of this work belongs to the author(s)/publisher. The rights of this work are as defined by the appropriate Copyright Legislation or as modified by any successive legislation. Users may access this work and can make use of the information contained in accordance with the Copyright Legislation provided that the author must be properly acknowledged. Further distribution or reproduction in any format is prohibited without the prior permission of the copyright holder. | en_GB |
dc.publisher.institution | University of Malta | en_GB |
dc.publisher.department | Faculty of Economics, Management and Accountancy. Department of Banking and Finance | en_GB |
dc.description.reviewed | N/A | en_GB |
dc.contributor.creator | Caruana, Christoph (2019) | - |
Appears in Collections: | Dissertations - FacEma - 2019 Dissertations - FacEMABF - 2019 |
Files in This Item:
File | Description | Size | Format | |
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19BBNK015.pdf Restricted Access | 1.44 MB | Adobe PDF | View/Open Request a copy |
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