INVESTIČNÉ SPRÁVANIE SLOVÁKOV A JEHO MODELOVANIE POMOCOU ŠTRUKTURÁLNYCH ROVNÍC
Investment behaviour by Slovak investors: Structural equation modelling
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This paper examines investment behaviour by Slovak investors. Data provided by the Slovak Survey of Investor Behaviour are analysed via structural equation modelling. Two major sub-samples of the Survey (standard population sample and sophisticated investors) account for similar determinants of investor behaviour. Risk tolerance, emotions and life-cycle factors explain significant proportion of variance in investment decisions.
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