Journal Press India®

Evidences of Gender Diversity on Investment Preference

Vol 9 , Issue 2 , July - December 2020 | Pages: 68-82 | Research Paper  

https://doi.org/10.69711/sharda.ijmir.v9i2.2002


Author Details ( * ) denotes Corresponding author

1. * Shilpa Bahl, Associate Professor, Galgotias University, Greater Noida, Uttar Pradesh, India (shilpakhurana6@gmail.com)
2. Sunil Kumar, Assistant Professor, Amity University, Greater Noida, Uttar Pradesh, India (proffsunilkumar@gmail.com)
3. Shuchita Singh, Associate Professor, G.L Bajaj institute of Management and Research, Greater Noida, Uttar Pradesh, India (shuchita.singh@glbimr.org)

The main aim of this paper is to study the impact of investment preference on gender with the help of four biases i.e. overconfidence, conservatism, self attribution and self control bias. To examine the hypotheses, the primary data collected from 350 samples. The samples were chosen randomly from the population who invest in funds. To measure the dimensions of biases a fivepoint scale of strongly disagree to strongly agree was used and Analysis of Variance (ANOVA) as statistical test was applied to test the significant difference between the Gender and the biases. The result shows that women are less overconfident and more risk averse than men. The study also reveals that women have self attribution and self control bias in them.

Keywords

Behavioral finance, Bias, Conservatism, Gender, Investment, Overconfidence, Empirical Study

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