Moderating Role of Conservatism Bias in Personality Traits and Investment Management

18 Pages Posted: 26 Jul 2016 Last revised: 6 Aug 2016

See all articles by Syed Muhammad Ahsan

Syed Muhammad Ahsan

Roshan Youth Welfare Organization

Hilal Malik

Capital University of Science and Technology

Date Written: July 21, 2016

Abstract

The main purpose of the study is to identify whether conservatism bias affects the relationship between personality traits and investment management. Questionnaire survey was conducted and the respondents were divided into two groups namely stock market investors and graduate students with major in finance. The sample size was 116 and it was found conservatism bias has significant impact in the relationship of openness to experience and long term investment intentions. There was not found any moderating role of conservatism bias in all other four personality traits and investment management. This is the perhaps first study that investigates the moderating role of conservatism bias in personality traits and investment management. Implications of these findings are discussed. This study will be beneficial for all type of investors to make their decisions unbiased and for academic researchers as well for further research.

Keywords: Conservatism Bias; Personality; Investment; Behavioral Finance

Suggested Citation

Ahsan, Syed Muhammad and Malik, Hilal, Moderating Role of Conservatism Bias in Personality Traits and Investment Management (July 21, 2016). Available at SSRN: https://ssrn.com/abstract=2812604 or http://dx.doi.org/10.2139/ssrn.2812604

Syed Muhammad Ahsan (Contact Author)

Roshan Youth Welfare Organization ( email )

office no: 1, First Floor, Serfraz Market, KRL roa
Rawalpindi
Rawalpindi, Punjab 46000
Pakistan
3129010435 (Phone)
3129010435 (Fax)

Hilal Malik

Capital University of Science and Technology ( email )

Islamabad
Islamabad, Fedral 44000
Pakistan

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