A study of risk taking behavior in Malaysian stock market

• Main Author: Sahul Hamid, Fazelina
• Format: Thesis
• Language: English
• Published: 2007
• Subjects: HD28-70 Management. Industrial Management
• Online Access: http://eprints.usm.my/35431/1/FAZELINA_SAHUL_HAMID_%28KHK%29_%28NN24%29.pdf; http://eprints.usm.my/35431/
• Institution: Universiti Sains Malaysia

Penyelidikan ini bertujuan untuk mengkaji perilaku pengambilan risiko para pelabur inrlivirlu eli pasaran saham Malaysia. Kerangka penyelirlikan telah rlirekahentuk untuk menguji perilaku pegambilan risiko para pelabur. Terdapat lima pembolehubah bagi menganalisa pengambilan risiko iaitu kecondongan mengambil risiko, inersia, basil terdahulu pengambilan kurang risiko, rangka masalah dan kebiasaan bidang masalah. Selain daripada itu, kecenderungan pengambilan risiko dan persepsi risiko juga diperkenalkan sebagai pembolehubah pencelahan. Ujian bipotesis telah dilakukan kepada 162 pelabur yang diterima daripada 8 broker saham. Keputusan telah membuktikan bahawa kecondongan megambil risiko dan inersia mempunyai kesan yang signifikan terhadap kecenderungan pengambilan risiko manakala kebiasan bidang masalah mempunyai kesan yang signifikan terhadap persepsi risiko. This research studied the risk taking behavior of individual investors in the Malaysian stock market. A theoretical framework was developed to test the risk taking behavior of individual investors. There were five independent variables in the proposed model - risk preference, inertia, less risk outcome history, problem framing and problem domain familiarity. Risk propensity and risk perception were the two mediating variables in this model. Hypotheses were tested with 162 investors from eight stockbroking companies. It was found out that risk preference and inertia had significant effect on risk propensity whereas problem domain familiarity had significant effect on risk perception.