DOES FINANCIAL PLAN IMPACT INVESTMENT DECISIONS?
DOI:
https://doi.org/10.29121/granthaalayah.v5.i11.2017.2347Keywords:
Financial Habits, Investor, Investment Preference, Objectives, Central IndiaAbstract [English]
Discipline is the bridge between goals and accomplishments and good financial habits bring discipline in financial decision making and have profound impact on the investment choices. This study proposes to study core financial habit of making financial plan adopted by individual investors while doing their investment planning and its impact on the investment preferences and objectives. In this study, survey approach has been adopted using a structured questionnaire with 559 sample size. The study has been taken within the geographical area of Indore and Ujjain district in Madhya Pradesh State of Central India. It has been found from the analysis that financial habits of investors play a crucial role in their investment preferences and objectives. Analysis has been done using Mann Whitney U test.
The results of the research paper would contribute in developing understanding of the impact of financial habits on investment behavior and choices and thus serves an important insight to investors, financial planning professionals and other stakeholders linked to financial planning.
Downloads
References
Maheshwari P (2014), “ ROLE OF PLANNING IN THE FINANCIAL DECISION MAKING OF INDIVIDUALS”, International Journal of Business and Administration Research Review, Vol. 3, Issue 6, July-Sep, 2014 pp.88-94
Sandip Chattopadhyay and RanjanDasgupta (2015), “DEMOGRAPHIC AND SOCIAECONOMIC IMPACT ON RISK ATTITUDES OF THE INDIAN INVESTORS- AN EMPIRICAL STUDY”, Asian Economic and financial Review, Volume 05; Number 04, Pg. 601-623
Thomas V.K. (2005), “TAX SAVING AVENUES TO THE SALARIED CLASS”, Southern Economist, March 15, 2005, pp. 31-32.
8th Annual Fidelity New Year Resolutions Study (2016), https://www.fidelity.com/about-fidelity/individual-investing/8th-fidelity-resolution-study-reveals-americans-feel-better-financial-shape
Australian Financial Attitudes and Behavior Tracker Wave 5 (2017),
Manulife Survey (2017) http://www.todayonline.com/business/asias-millennial-investors-prefer-property-and-cash-just-their-parents-says-manulife-survey
Northwestern Mutual’s Annual Planning and Progress Study (2017),
news.northwesternmutual.com/.../2017-Planning-Progress-The-Middle-Class.pdf
Survey of Financial Behaviors and Financial Habits of Young Working Malaysians 2016, https://mfpc.org.my/survey-financial-behaviours-financial-habits-young-working-malaysians/
T. Rowe (2017), “T. ROWE PRICE: PARENTS ARE LIKELY TO PASS DOWN GOOD AND BAD FINANCIAL HABITS TO THEIR KIDS”, https://www.prnewswire.com/news-releases/t-rowe-price-parents-are-likely-to-pass-down-good-and-bad-financial-habits-to-their-kids-300428414.html
Downloads
Published
How to Cite
Issue
Section
License
With the licence CC-BY, authors retain the copyright, allowing anyone to download, reuse, re-print, modify, distribute, and/or copy their contribution. The work must be properly attributed to its author.
It is not necessary to ask for further permission from the author or journal board.
This journal provides immediate open access to its content on the principle that making research freely available to the public supports a greater global exchange of knowledge.
