TY  - JOUR
TI  - Impact of Financial Literacy on the Behavioral Biases of Individual Stock Investors: Evidence from Borsa Istanbul
AB  - 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.
AU  - ÇOŞKUN, ALİ
AU  - DEMİRCAN, M. Levent
AU  - ATEŞ, Sinem
AU  - ŞAHİN, M. Abdullah
PY  - 2016
JO  - İşletme ve Ekonomi Araştırmaları Dergisi
VL  - 7
IS  - 3
SN  - 1309-2448
SP  - 1
EP  - 19
DB  - TRDizin
UR  - http://search/yayin/detay/213796
ER  -