Impact of Financial Literacy on the Behavioral Biases of Individual Stock Investors: Evidence from Borsa Istanbul

ÇOŞKUN, ALİ; DEMİRCAN, M. Levent; ATEŞ, Sinem; ŞAHİN, M. Abdullah

Impact of Financial Literacy on the Behavioral Biases of Individual Stock Investors: Evidence from Borsa Istanbul

Sinem ATEŞ, (Galatasaray Üniversitesi, Sosyal Bilimler Enstitüsü, İşletme Bölümü, İstanbul, Türkiye,)

ALİ ÇOŞKUN, (Boğaziçi Üniversitesi, İktisadi ve İdari Bilimler Fakültesi, İşletme Bölümü, İstanbul, Türkiye)

M. Abdullah ŞAHİN, (İstanbul Teknik Üniversitesi, İşletme Fakültesi, İktisat Bölümü, İstanbul, Türkiye)

M. Levent DEMİRCAN (Galatasaray Üniversitesi, Mühendislik ve Teknoloji Fakültesi, Endüstri Mühendisliği Bölümü, İstanbul, Türkiye)

İşletme ve Ekonomi Araştırmaları Dergisi

6 1

Yıl: 2016 Cilt: 7 Sayı: 3 Sayfa Aralığı: 1 - 19 Metin Dili: İngilizce İndeks Tarihi: 29-07-2022

Impact of Financial Literacy on the Behavioral Biases of Individual Stock Investors: Evidence from Borsa Istanbul

Öz:

Financial literacy and behavioral biases are critical factors affecting the financial decisions and behaviors of investors. We survey 596 individual stock investors to measure their financial literacy, to examine their behavioral biases and to investigate the relationship between financial literacy and behavioral biases. Results suggest that around half of the investors have a low financial literacy level, their main source of financial information is advice from parents or friends, and they have a high level of behavioral biases. While some of these behavioral biases are independent of the level of financial literacy, there is a significant relationship between a number of other biases and the level of financial literacy.

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Konular: Tarih

Belge Türü: Makale Makale Türü: Araştırma Makalesi Erişim Türü: Erişime Açık

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APA	ATEŞ S, ÇOŞKUN A, ŞAHİN M, DEMİRCAN M (2016). Impact of Financial Literacy on the Behavioral Biases of Individual Stock Investors: Evidence from Borsa Istanbul. , 1 - 19.
Chicago	ATEŞ Sinem,ÇOŞKUN ALİ,ŞAHİN M. Abdullah,DEMİRCAN M. Levent Impact of Financial Literacy on the Behavioral Biases of Individual Stock Investors: Evidence from Borsa Istanbul. (2016): 1 - 19.
MLA	ATEŞ Sinem,ÇOŞKUN ALİ,ŞAHİN M. Abdullah,DEMİRCAN M. Levent Impact of Financial Literacy on the Behavioral Biases of Individual Stock Investors: Evidence from Borsa Istanbul. , 2016, ss.1 - 19.
AMA	ATEŞ S,ÇOŞKUN A,ŞAHİN M,DEMİRCAN M Impact of Financial Literacy on the Behavioral Biases of Individual Stock Investors: Evidence from Borsa Istanbul. . 2016; 1 - 19.
Vancouver	ATEŞ S,ÇOŞKUN A,ŞAHİN M,DEMİRCAN M Impact of Financial Literacy on the Behavioral Biases of Individual Stock Investors: Evidence from Borsa Istanbul. . 2016; 1 - 19.
IEEE	ATEŞ S,ÇOŞKUN A,ŞAHİN M,DEMİRCAN M "Impact of Financial Literacy on the Behavioral Biases of Individual Stock Investors: Evidence from Borsa Istanbul." , ss.1 - 19, 2016.
ISNAD	ATEŞ, Sinem vd. "Impact of Financial Literacy on the Behavioral Biases of Individual Stock Investors: Evidence from Borsa Istanbul". (2016), 1-19.

APA	ATEŞ S, ÇOŞKUN A, ŞAHİN M, DEMİRCAN M (2016). Impact of Financial Literacy on the Behavioral Biases of Individual Stock Investors: Evidence from Borsa Istanbul. İşletme ve Ekonomi Araştırmaları Dergisi, 7(3), 1 - 19.
Chicago	ATEŞ Sinem,ÇOŞKUN ALİ,ŞAHİN M. Abdullah,DEMİRCAN M. Levent Impact of Financial Literacy on the Behavioral Biases of Individual Stock Investors: Evidence from Borsa Istanbul. İşletme ve Ekonomi Araştırmaları Dergisi 7, no.3 (2016): 1 - 19.
MLA	ATEŞ Sinem,ÇOŞKUN ALİ,ŞAHİN M. Abdullah,DEMİRCAN M. Levent Impact of Financial Literacy on the Behavioral Biases of Individual Stock Investors: Evidence from Borsa Istanbul. İşletme ve Ekonomi Araştırmaları Dergisi, vol.7, no.3, 2016, ss.1 - 19.
AMA	ATEŞ S,ÇOŞKUN A,ŞAHİN M,DEMİRCAN M Impact of Financial Literacy on the Behavioral Biases of Individual Stock Investors: Evidence from Borsa Istanbul. İşletme ve Ekonomi Araştırmaları Dergisi. 2016; 7(3): 1 - 19.
Vancouver	ATEŞ S,ÇOŞKUN A,ŞAHİN M,DEMİRCAN M Impact of Financial Literacy on the Behavioral Biases of Individual Stock Investors: Evidence from Borsa Istanbul. İşletme ve Ekonomi Araştırmaları Dergisi. 2016; 7(3): 1 - 19.
IEEE	ATEŞ S,ÇOŞKUN A,ŞAHİN M,DEMİRCAN M "Impact of Financial Literacy on the Behavioral Biases of Individual Stock Investors: Evidence from Borsa Istanbul." İşletme ve Ekonomi Araştırmaları Dergisi, 7, ss.1 - 19, 2016.
ISNAD	ATEŞ, Sinem vd. "Impact of Financial Literacy on the Behavioral Biases of Individual Stock Investors: Evidence from Borsa Istanbul". İşletme ve Ekonomi Araştırmaları Dergisi 7/3 (2016), 1-19.