علایم روانشناختی و عاطفی در انواع جهت گیری های سرمایه گذاری بورس اوراق بهادار تهران؛ مطالعه ای بر اساس تئوری پومپین

نوع مقاله : برگرفته از پایان نامه و رساله

نویسندگان

1 دانشجوی دکتری مدیریت مالی، واحد کرمانشاه، دانشگاه آزاد اسلامی، کرمانشاه، ایران

2 گروه مدیریت مالی، واحد کرمانشاه، دانشگاه آزاد اسلامی، کرمانشاه، ایران.

3 گروه حسابداری دانشگاه رازی

4 گروه روانشناسی دانشگاه مونترئال

10.22034/cbsj.2023.62916

چکیده

تئوری پومپین یکی از رویکردهای جدید رفتار مالی است که افراد سرمایه گذار در بازارهای مالی را به چهار دسته یا جهت گیری محافظه کار، ثروت اندوز، پیرو و مستقل تقسیم می کند. هدف این مطالعه بررسی سلامت روان افراد فعال در بورس اوراق بهادار تهران در شهر سنندج بر اساس جهت گیری های این تئوری است. روش مطالعه علی مقایسه ای و تعداد 430 نفر افراد فعال در بورس انتخاب شدند. این نمونه با استفاده از پرسشنامه‌ی انواع جهت گیری های رفتاری سرمایه گذاری پومپین، به چهار نوع جهت گیری تقسیم شدند و با 163 نفر گروه غیر فعال در بورس، از نظر علایم روانشناختی افسردگی، اضطراب، و استرس و در عواطف مثبت و منفی مقایسه شدند. نتایج حاکی از آن است که افراد ثروت اندوز، پیرو و محافظه کار افسردگی، اضطراب، و استرس بیشتری به نسبت افراد غیرفعال در بورس و افراد مستقل تجربه می کنند. گروه کنترل عاطفه مثبت بیشتری به نسبت هر چهار گروه فعال در بورس دارند و عاطفه منفی افراد مستقل کمتر از سایر گروهها بود. نشانه های روانشناختی و عواطف منفی بالای افراد بورسی می تواند تاثیر زیادی در تصمیم گیری های مالی داشته باشد و می تواند در ریزش بازارهای مالی تعیین کننده باشد. این تاثیر میتواند دو سویه نیز باشد که ریزش بازار های مالی میتواند اثرات روانشناختی مخربی بر سرمایه گذاران محافظه کار، ثروت اندوز، و پیرو داشته باشد و رضایت از زندگی آنها را پایین بیاورد.

کلیدواژه‌ها

موضوعات

عنوان مقاله [English]

Psychological and effective symptoms among Pompian’s behavioral investor types in Tehran stock Exchange

نویسندگان [English]

  • yousef Hosseini 1
  • Babak Jamshidinavid 2
  • Farshid Kheirollahi 3
  • Morad Rasooliazad 4
1 Department of Financial Management, Kermanshah Branch, Islamic Azad University, Kermanshah, Iran.
2 Department of Financial Management, Kermanshah Branch, Islamic Azad University, Kermanshah, Iran.
3 Razi University
4 University of Montreal
چکیده [English]

Pompian’s theory is one of the new approaches to behavioral finance that divides investors into four types: preserver, accumulator, follower and independent. This study investigates psychological symptoms of Tehran Stock Exchange investors in Sanandaj based on the orientations of Pompian’s theory. The method is casual-comparative and 430 stock exchange investors were recruited. The sample was divided into four investing orientations using the Pompin’s Behavioral investor types Questionnaire and compared with 163 non-stock group members as a control group in the psychological symptoms such depression, anxiety, and stress and in positive and negative affect. The results show that preservers and accumulators experience more depression, anxiety, and stress than non-stockholders and independents individuals. The control group have more positive affect than all four groups. Negative affect of independent individuals was less than other groups. Psychological symptoms and high negative affect of stock market investors can have a great impact on their financial decisions and can be decisive in the collapse of financial markets. This impact can be reciprocal: the collapse of financial markets can have devastating psychological effects on preservers, accumulators, and followers and decline their life satisfaction.

کلیدواژه‌ها [English]

  • Behavioral investor types
  • Pompian’s theory
  • Psychological symptoms
  • Tehran Stock Exchange

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