標題: The Mediating Role of Information Searches in Risky Investment Preferences: Does More Digital Information Search Have a Stronger Effect?
作者: Tseng, Shun-Yao
Yang, Chyan
經營管理研究所
Institute of Business and Management
關鍵字: risk aversion;information search;heuristics;higher risk investments
公開日期: 2010
摘要: Purchasing higher risk financial investments have been a means to maximize individual wealth. This phenomenon is seen while there is a high uncertainty about the higher risk financial investments. Facing uncertainty, an individual may assess psychological or economic loss, and then develop risk-reducing strategies. Viewing information searches as risk-reducing strategies in this study, we attempted to propose a mediated model of the determinants of higher risk investment decision making where theorizing that the effect of risk aversion on higher risk investment decisions was mediated by information searches. Moreover, heuristics, a simplified information research method, is proposed to extend information searches. 500 investors with investment experiment from financial holding companies were surveyed and structural equation modeling was employed. We expected that the results could provide empirical support for (1) greatly expanding our understanding for the heuristics reliance in information search, and (2) validating the usefulness of the mediated model which views information search as a mediator of effects on higher risk investment preferences, especially in the mediating role of professional advice and heuristics. Thus, the practical implications for professional advisors or governments could be addressed.
URI: http://hdl.handle.net/11536/14614
http://dx.doi.org/10.1109/ICIFE.2010.5609288
ISBN: 978-1-4244-6928-4
DOI: 10.1109/ICIFE.2010.5609288
期刊: 2010 2ND IEEE INTERNATIONAL CONFERENCE ON INFORMATION AND FINANCIAL ENGINEERING (ICIFE)
起始頁: 228
結束頁: 232
顯示於類別:會議論文


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