Personality and Investment Performance: A Financial Risk Attitude, Stress Tolerance and Complex Problem-Solving Perspective

A1 Originalartikel i en vetenskaplig tidskrift (referentgranskad)


Interna författare/redaktörer


Publikationens författare: Joachim von Weissenberg
Förläggare: Somatic Inkblot Society
Förlagsort: Anchorage/USA
Publiceringsår: 2017
Tidskrift: SIS Journal of Projective Psychology & Mental Health
Volym: 24
Nummer: 2
Artikelns första sida, sidnummer: 116
Artikelns sista sida, sidnummer: 132


Abstrakt



The article presents empirical results of forty fund managers‘ implicit and
explicit motives in relation to five year risk adjusted investment performance.
The first step of the study was to create composite variables from
three personality tests: Zulliger, Wartegg and Personality Research Form (PRF).
Three composite variables were created of the
implicit and explicit personality variables: financial risk attitude, stress
tolerance and complex problem solving. The finding of the present work was that
financ ial risk attitude, stress tolerance and complex problem solving
explained 53.8% of the investors‘
five year performance. All three composite variables correlated significantly
to a five year period consisting of a
rising and descending market. The conclusi on of
the study was that fund managing is suitable for certain personality
characters, implicit motives have been neglected in behavioral finance, fund
companies should review their assessment procedures and individual thinking and
distress management should be fostered to enhance performance.






Nyckelord

Investment Decision, Problem Solving, Projective Personality Measures, Risk Taking, Stress Management

Senast uppdaterad 2020-26-02 vid 06:18