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2017 | 4(26) | 1-34

Article title

Assessing a moderating effect and the global fit of a PLS model on online trading

Content

Title variants

PL
Ocena łagodzącego efektu i testów zgodności modelu PLS w obrocie produktami finansowymi z wykorzystaniem internetu

Languages of publication

EN PL

Abstracts

EN
This paper proposes a PLS Model for the study of Online Trading. Traditional investing has experienced a revolution due to the rise of e-trading services that enable investors to use Internet conduct secure trading. On the hand, model results show that there is a positive, direct and statistically significant relationship between personal outcome expectations, perceived relative advantage, shared vision and economy-based trust with the quality of knowledge. On the other hand, trading frequency and portfolio performance has also this relationship. After including the investor’s income and financial wealth (IFW) as moderating effect, the PLS model was enhanced, and we found that the interaction term is negative and statistically significant, so, higher IFW levels entail a weaker relationship between trading frequency and portfolio performance and vice-versa. Finally, with regard to the goodness of overall model fit measures, they showed that the model is fit for SRMR and dG measures, so it is likely that the model is true.
PL
W niniejszym artykule posługujemy się modelem PLS w celu przeprowadzenia badania nad obrotem produktami finansowymi przy wykorzystaniu Internetu. Tradycyjny sposób inwestowania przeszedł swoistą rewolucję ze względu na rosnącą skalę bezpiecznych usług transakcyjnych świadczonych drogą internetową. Z jednej strony uzyskane wyniki wskazują na istnienie dodatniego, bezpośredniego i istotnego statystycznie związku między osobistymi oczekiwaniami co do wyniku, postrzeganą przewagą względną, wspólną wizją, zaufaniem do gospodarki oraz posiadanej wiedzy wysokiej jakości. Z drugiej strony zależność taką wykazują też częstotliwość transakcji oraz wydajność portfelowa. Model PLS rozszerzono uwzględniając dochody i finansowy majątek inwestora jako efekt łagodzący i okazało się, że stopień interakcji jest ujemny i statystycznie istotny, czyli przy podwyższonych poziomach dochodów i majątku inwestora zauważa się słabszą zależność pomiędzy częstotliwością transakcji i wydajnością portfelową oraz vice versa. Także w odniesieniu do testów zgodności metod wykazano, że model ten nadaje się do SRMR oraz dG, co oznacza, że prawdopodobnie model ten jest prawdziwy.

Year

Issue

Pages

1-34

Physical description

Dates

online
2017-12

Contributors

  • University of Huelva, Spain

References

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Notes

EN
Available in Open Access
PL
Publikacja w otwartym dostępie (Open Access)

Document Type

Publication order reference

YADDA identifier

bwmeta1.element.desklight-16760de6-d6fa-46d6-8ef5-2ad54f975f74
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