Acceptability of mobile stock trading application: A study of young investors in Malaysia


Chong, Lee Lee and Ong, Hway Boon and Tan, Siow Hooi (2021) Acceptability of mobile stock trading application: A study of young investors in Malaysia. Technology in Society, 64. p. 101497. ISSN 0160-791X

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Mobile financial services have been adopted rapidly during the digitisation era. This study therefore aims to investigate the antecedents of mobile stock trading adoption among young investors. Using the structural equation modelling technique, this study develops an integrated theoretical framework from both the Technology Acceptance Model and Theory of Planned Behaviour using survey data from 373 young retail investors. The suggested model incorporates the six constructs of perceived risk, perceived benefits, perceived usefulness, attitude, perceived behavioural control and social influence and assesses how they affect the intention to adopt mobile stock trading. The results show a strong positive connection among attitude, perceived behavioural control, perceived benefits and intention towards mobile stock trading. We find that trust adds great explanatory power to perceived behavioural control, attitude and social influence in explaining investors’ adoption intention. Surprisingly, perceived risk is not significantly correlated with adoption intention. This study has employed a comprehensive framework to understand the acceptance level of mobile stock trading.

Item Type: Article
Uncontrolled Keywords: Stock exchanges, Mobile stock trading, Intention, Retail investors, Young investors
Subjects: H Social Sciences > HG Finance > HG4501-6051 Investment, capital formation, speculation > HG4551-4598 Stock exchanges
Divisions: Faculty of Management (FOM)
Depositing User: Ms Nurul Iqtiani Ahmad
Date Deposited: 10 Mar 2021 02:28
Last Modified: 10 Mar 2021 02:28


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