Citation

Khan, Mohammad Tariqul Islam and Tan, Siow Hooi (2020) Does family affect financial outcomes and psychological biases? Evidence from small investors in Bangladesh. Journal of Family Business Management, 10 (2). pp. 167-186. ISSN 2043-6238

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Abstract

The purpose this paper is to investigate whether family affects financial outcomes and psychological biases in an under-researched context, Bangladeshi small investors. To achieve the stated research objective, the survey data were collected from 223 small investors from brokerage houses in Dhaka and estimated using regression analysis. The results indicate that learning from parents, discussion with parents about financial issues and father’s education have the strongest impact on financial outcomes (i.e. financial wealth holding, portfolio value, investment strategy, technical indicator, past perceived and expected portfolio performance) and psychological biases (i.e. herding, risk tolerance and better-than-average). Furthermore, spouse’s education, parental income, marital status and family size explain financial outcomes and psychological biases, but to a lesser extent.

Item Type:	Article
Uncontrolled Keywords:	Finance, Personal, Bangladesh, Family, Financial outcomes, Psychological biases, Small investors
Subjects:	H Social Sciences > HG Finance > HG179 Personal finance
Divisions:	Faculty of Business (FOB) Faculty of Management (FOM)
Depositing User:	Ms Rosnani Abd Wahab
Date Deposited:	10 May 2021 13:26
Last Modified:	10 May 2021 13:26
URII:	http://shdl.mmu.edu.my/id/eprint/8157

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