El efecto moderador de la educación financiera en la relación entre las herramientas de toma de decisiones y los rendimientos de las acciones en el mercado secundario de acciones de la India

El efecto moderador de la educación financiera en la relación entre las herramientas de toma de decisiones y los rendimientos de las acciones en el mercado secundario de acciones de la India

La toma de decisiones en el complejo mercado de valores es una tarea exigente dada la enorme cantidad de información disponible y la amplia gama de técnicas de toma de decisiones disponibles. La educación financiera de los inversores juega un papel destacado para influir en su proceso de toma de decisiones. Aunque el mercado de valores indio es el tercero más grande de Asia, solo alrededor del 3% de sus hogares invierten en mercados de valores. El nivel de educación financiera del inversor indio debe evaluarse para que haya una mayor participación en el mercado de valores y se obtengan mayores rendimientos. Este estudio tiene como objetivo determinar el efecto moderador de la educación financiera en la relación entre las herramientas de tom... Ver más

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Revista Finanzas y Política Económica

2248-6046

2011-7663

Arun, C. Joe

Isidore, Renu

UNIVERSIDAD CATÓLICA DE COLOMBIA

10.14718/revfinanzpolitecon.v15.n1.2023.8

15

2023-03-23

185

211

Colombia

Análisis económico

rendimiento de las acciones

toma de decisiones

India

mercado de valores

inversores de capital secundario

Educación financiera

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spelling El efecto moderador de la educación financiera en la relación entre las herramientas de toma de decisiones y los rendimientos de las acciones en el mercado secundario de acciones de la India
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Fatoki, O. (2021). Access to finance and performance of small firms in South Africa: The moderating effect of financial literacy. WSEAS Transactions on Business and Economics, 18, 78-87. https://doi.org/10.37394/23207.2021.18.9
Revista Finanzas y Política Económica
Universidad Católica de Colombia
text/xml
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Artículo de revista
15
Esta obra está bajo una licencia internacional Creative Commons Atribución-NoComercial-CompartirIgual 4.0.
Análisis económico
rendimiento de las acciones
toma de decisiones
India
mercado de valores
inversores de capital secundario
Educación financiera
Arun, C. Joe
Isidore, Renu
La toma de decisiones en el complejo mercado de valores es una tarea exigente dada la enorme cantidad de información disponible y la amplia gama de técnicas de toma de decisiones disponibles. La educación financiera de los inversores juega un papel destacado para influir en su proceso de toma de decisiones. Aunque el mercado de valores indio es el tercero más grande de Asia, solo alrededor del 3% de sus hogares invierten en mercados de valores. El nivel de educación financiera del inversor indio debe evaluarse para que haya una mayor participación en el mercado de valores y se obtengan mayores rendimientos. Este estudio tiene como objetivo determinar el efecto moderador de la educación financiera en la relación entre las herramientas de toma de decisiones y los rendimientos de las acciones obtenidos en el mercado secundario de acciones de la India. Las herramientas de toma de decisiones incluyen el análisis fundamental: (i) análisis económico, (ii) análisis de la industria, (iii) análisis de la empresa, (iv) análisis técnico y (v) recomendación deasesores. Los datos se recopilaron a través del método de encuesta de cuestionario y a través de una muestra válida de 436 cuestionarios, se probó la importancia del efecto moderador. Usando el complemento Process Macro en SPSS, se realizó el análisis de moderación. Los resultados revelan que la educación financiera solamente moderó la relación entre el análisis económico y los rendimientos de las acciones.
Renu Isidore, C. Joe Arun - 2023
Publication
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Journal article
Decision-making in the complex equity market is a demanding task due to the vast amount of information available and the wide range of decision-making techniques to choose from. The financial literacy ofthe investors plays a prominent role in influencing their decision-making process. Though the Indian equity market is the third largest in Asia, only around 3% of Indian households invest in it. Therefore, the financial literacy level of Indian investor needs to be assessed to increase the stock market participation and earn higher returns. Thisstudy aims to determine the moderating effect of financial literacy on the relationship between the decision-making tools and equity returns in the Indian secondary equity market. The decision-making tools include fundamental analysis: (i) Economic analysis, (ii) industry analysis, (iii) company analysis, (iv) technical analysis, and (v) advocate recommendation. The data was gathered through a questionnaire survey method and via a valid sample of 436 questionnaires, the significance of the moderating effect was tested. Using the Process Macro plugin in SPSS, moderation analysis was conducted. The results reveal that financial literacy only moderated the relationship between economic analysis and equity returns.
The Moderating Effect of Financial Literacy on the Relationship Between Decision-Making Tools and Equity Returns in the Indian Secondary Equity Market
Economic analysis
Equity returns
Decision making
Indian equity market
Secondary equity investors
Financial literacy
185
https://revfinypolecon.ucatolica.edu.co/article/download/4859/4684
https://revfinypolecon.ucatolica.edu.co/article/download/4859/4637
https://revfinypolecon.ucatolica.edu.co/article/download/4859/4683
211
2023-03-23T00:00:00Z
2023-03-23T00:00:00Z
2023-03-23
2248-6046
10.14718/revfinanzpolitecon.v15.n1.2023.8
https://doi.org/10.14718/revfinanzpolitecon.v15.n1.2023.8
2011-7663
institution UNIVERSIDAD CATÓLICA DE COLOMBIA
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collection Revista Finanzas y Política Económica
title El efecto moderador de la educación financiera en la relación entre las herramientas de toma de decisiones y los rendimientos de las acciones en el mercado secundario de acciones de la India
spellingShingle El efecto moderador de la educación financiera en la relación entre las herramientas de toma de decisiones y los rendimientos de las acciones en el mercado secundario de acciones de la India
Arun, C. Joe
Isidore, Renu
Análisis económico
rendimiento de las acciones
toma de decisiones
India
mercado de valores
inversores de capital secundario
Educación financiera
Economic analysis
Equity returns
Decision making
Indian equity market
Secondary equity investors
Financial literacy
title_short El efecto moderador de la educación financiera en la relación entre las herramientas de toma de decisiones y los rendimientos de las acciones en el mercado secundario de acciones de la India
title_full El efecto moderador de la educación financiera en la relación entre las herramientas de toma de decisiones y los rendimientos de las acciones en el mercado secundario de acciones de la India
title_fullStr El efecto moderador de la educación financiera en la relación entre las herramientas de toma de decisiones y los rendimientos de las acciones en el mercado secundario de acciones de la India
title_full_unstemmed El efecto moderador de la educación financiera en la relación entre las herramientas de toma de decisiones y los rendimientos de las acciones en el mercado secundario de acciones de la India
title_sort el efecto moderador de la educación financiera en la relación entre las herramientas de toma de decisiones y los rendimientos de las acciones en el mercado secundario de acciones de la india
title_eng The Moderating Effect of Financial Literacy on the Relationship Between Decision-Making Tools and Equity Returns in the Indian Secondary Equity Market
description La toma de decisiones en el complejo mercado de valores es una tarea exigente dada la enorme cantidad de información disponible y la amplia gama de técnicas de toma de decisiones disponibles. La educación financiera de los inversores juega un papel destacado para influir en su proceso de toma de decisiones. Aunque el mercado de valores indio es el tercero más grande de Asia, solo alrededor del 3% de sus hogares invierten en mercados de valores. El nivel de educación financiera del inversor indio debe evaluarse para que haya una mayor participación en el mercado de valores y se obtengan mayores rendimientos. Este estudio tiene como objetivo determinar el efecto moderador de la educación financiera en la relación entre las herramientas de toma de decisiones y los rendimientos de las acciones obtenidos en el mercado secundario de acciones de la India. Las herramientas de toma de decisiones incluyen el análisis fundamental: (i) análisis económico, (ii) análisis de la industria, (iii) análisis de la empresa, (iv) análisis técnico y (v) recomendación deasesores. Los datos se recopilaron a través del método de encuesta de cuestionario y a través de una muestra válida de 436 cuestionarios, se probó la importancia del efecto moderador. Usando el complemento Process Macro en SPSS, se realizó el análisis de moderación. Los resultados revelan que la educación financiera solamente moderó la relación entre el análisis económico y los rendimientos de las acciones.
description_eng Decision-making in the complex equity market is a demanding task due to the vast amount of information available and the wide range of decision-making techniques to choose from. The financial literacy ofthe investors plays a prominent role in influencing their decision-making process. Though the Indian equity market is the third largest in Asia, only around 3% of Indian households invest in it. Therefore, the financial literacy level of Indian investor needs to be assessed to increase the stock market participation and earn higher returns. Thisstudy aims to determine the moderating effect of financial literacy on the relationship between the decision-making tools and equity returns in the Indian secondary equity market. The decision-making tools include fundamental analysis: (i) Economic analysis, (ii) industry analysis, (iii) company analysis, (iv) technical analysis, and (v) advocate recommendation. The data was gathered through a questionnaire survey method and via a valid sample of 436 questionnaires, the significance of the moderating effect was tested. Using the Process Macro plugin in SPSS, moderation analysis was conducted. The results reveal that financial literacy only moderated the relationship between economic analysis and equity returns.
author Arun, C. Joe
Isidore, Renu
author_facet Arun, C. Joe
Isidore, Renu
topicspa_str_mv Análisis económico
rendimiento de las acciones
toma de decisiones
India
mercado de valores
inversores de capital secundario
Educación financiera
topic Análisis económico
rendimiento de las acciones
toma de decisiones
India
mercado de valores
inversores de capital secundario
Educación financiera
Economic analysis
Equity returns
Decision making
Indian equity market
Secondary equity investors
Financial literacy
topic_facet Análisis económico
rendimiento de las acciones
toma de decisiones
India
mercado de valores
inversores de capital secundario
Educación financiera
Economic analysis
Equity returns
Decision making
Indian equity market
Secondary equity investors
Financial literacy
citationvolume 15
citationissue 1
publisher Universidad Católica de Colombia
ispartofjournal Revista Finanzas y Política Económica
source https://revfinypolecon.ucatolica.edu.co/article/view/4859
language Español
format Article
rights http://purl.org/coar/access_right/c_abf2
info:eu-repo/semantics/openAccess
https://creativecommons.org/licenses/by-nc-sa/4.0
Esta obra está bajo una licencia internacional Creative Commons Atribución-NoComercial-CompartirIgual 4.0.
Renu Isidore, C. Joe Arun - 2023
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