The role of behavioral finance dimensions in achieving entrepreneurial confidence
DOI:
https://doi.org/10.26436/hjuoz.2020.8.4.652Keywords:
Concept of Financial Behavior, Dimensions of Behavioral Finance, Entrepreneurial ConfidenceAbstract
The aim of the research is to identify the impact of the Behavioral Financial dimensions represented by (financial knowledge, financial attitudes, and behavioral factors) on entrepreneurial confidence. Number of companies and exchange offices in Dohuk Governorate were selected to conduct the field side of the research and the sample included (73) of managers in these companies and offices. The questionnaire is a main tool for data collection in the field side, after analyzing by the statistical program (SPSS V. 21) the research reached a set of conclusions, the most important is that there are significant effect of the behavioral financial dimensions on the Entrepreneurial confidence, as well as the presence of an insignificant effect of behavioral factors on entrepreneurial confidence at the sub-level, the research suggested a set of proposals, the most important is to activate the mechanisms of acquiring financial knowledge and financial attitudes and adopting them as they contribute to enhancing entrepreneurial confidence.
References
أولاً.المصادر العربية
1- جلاب،احسان دهش وحسن،فلاح حسن وجنة ،طيبة فارس و سبتي، يوسف موسى (2016) قراءات في الفكر الريادي ، دار المنهجية للنشرو التوزيع.
2- جمعة، السعيد فرحات،(2000) ، الاداء المالي لمنظمات الأعمال، دار المريخ ، المملكة العربية السعودية.
3- الحموي ،سيرين خالد، (2016)، تأثير العوامل السلوكية في عوائد الاسهم ، دراسة تطبيقية في سوق دمشق للاوراق المالية ، رسالة ماجستير في العلوم المالية و المصرفية ، جامعة دمشق – سوريا.
4- سانية ، عبد الرحمان ونعاس، صلاح الدين و علي، الضب(2017)، الخلفية النظرية للمالية السلوكية وتحليل سلوك المستثمر في سوق رأس المال، مجلة بحوث الاقتصاد والإدارة، المجلد((1العدد (2).
5- سلمان ، شيماء امين (2014) ، دور المعرفة المالية في تحديد انماط السلوك المالي ، دراسة ميدانية لعينة من المستثمرين في اسواق العملات الاجنبية في اقليم كوردستان ، رسالة ماجستير ،جامعة زاخو.
6- ضاهر، حنان، والصائغ، وجد رفيق، ((2016، أثر المعرفة المالية على مشاركة الافرد في سوق دمشق للاوراق المالية، مجلة جامعة تشرين للدراسات الاقتصادية والقانونية ، المجلد(38)، العدد(3).
7- المولى، ايمان عبد المطلب حسن،2018))،اهمية المعرفة المالية في اتخاذ قرارات الاسثمار في اسواق الاوراق المالية العربية، مجلة جامعة تكريت للعلوم الادارية و الاقتصادية، المجلد((3العدد (43).
ثانيا: المصادر الاجنبية
1. Al-Sedrah & Ahmad.(2014). " Behavioral Finance: The missing piece in modern finance " Proceedings of the First Middle East Conference on Global Business, Economics, Finance and Banking
2. Arifin, A. Z. (2018). Influence of Financial Attitude , Financial Behavior, Financial Capability on Financial Satisfaction. Advances in Social Science, Education and Humanities Research (ASSEHR), volume186, 100–103.
3. Boglarka ,Zsótér, Németh(2018), Characterisation of Young People According to Their Financial Attitudes and Behaviours https://doi.org/10.11114/afa.v4i1.2780
4. Charles, A. and Kasilingam, R. (2016). “Impact of selected behavioural bias factors on investment decisions of equity investors”, Ictact Journal on Management Studies, Vol. 2 No. 2, pp. 297-311.
5. Christopher, A. N., Marek, P., & Carroll, S. M. (2004). Materialism and Attitudes Toward Money: An Exploratory Investigation. Individual Differences Research, 2(2),109-117.
6. Dubrin,(1995),Team Challenge-Establish A Climate of trust, http://www.palmleaders.net/section%20I/1 dclmtrs.htm
7. Farid, M. (2007). The relevance of transition to free market, attitude towards money, locus of control, and attitude towards risk to entrepreneurs: a cross-cultural empirical comparison. International Journal of Entrepreneurship, 11, 75.
8. Gigerenzer,G.(2016). (The Behavioral Economics Guide), ISSN 2398-2020.
9. Gina, A. N., Mat, D., & Akoto, I. O. (2012). Financial Knowledge and Attitudes of Youth in Ghana. YouthSave Research Brief No. 12-37
10. Godwin, D. D. (1994). Antecedents and consequences of newlyweds' cash flow management. Financial Counseling and Planning, 5, 161-190
11. Habil, Ágnes C.-K., & Varga, J. (2019). Financial awareness of students entering higher education based on the results of a questionnaire research.
http://dx.doi.org/10.1504/IJBEM.2008.019243
12. Jangongo.Ambrose & Mutswenje. Vincent S.,(2014),A Survey of Factors influencing Investment Decision : The Case of Individual Investors At NSE.,International Journal Of Humanities & Social Science, School Of Business, Kenyatta Uni. Vol.4, No,4
13. Janor, H., Yakob, R., Noor AzuanHashim, Zanariah & CheAniza. (2016). Financial literacy and investment decisions in Malaysia and United Kingdom: a comparative analysis. Geografia-Malaysia Journal of Society and Space, 12(2), 106118.
14. Mandell, L. (2009): The impact of financial education in high school and college on financial literacy and subsequent financial decision making, American Economic Association Meeting, January 4, 2009
15. Mwangi, Gitau J. (2011). Behavioural Factors Influencing Investment Decision in the Kenyan property market, Strathmore, master thesis, University of Strathmore, Nairobi, Kenya.
16. Nair, V.R. and Antony, A. (2015), “Evolutions and challenges of behavioral finance”, International Journal of Science and Research (IJSR) ,Vol.4 No.3,pp.1055-1059,
17. Nano, Dorjana (2015) "The Interrelationship between Financial Attitude, Financial Behavior and Financial Knowledgehttps://knowledgecenter.ubt-uni.net/ijbte/vol4/iss1/9
18. Niazi ,Muhammad Khurram Shehzad,& Malik, Qaisar Ali (2019) Socio-Demographics, Risk Propensity, And Investment Diversity Moderating Role Of Financial Literacy International Transaction Journal of Engineering, Management, & Applied Sciences & Technologies http://TuEngr.com.
19. Pokrikyan, Arthur. Lalayan ,Sona and Mkrtchyan, Armenuai (2017). financial capability barometer bringing smart policies to life a new methodology for measuring the financial capability of a country’s population, Consumer Rights Protection and Financial Literacy center Bank of Armenia (www.cba.am, www.abcfinance.am )
20. Potrich, A. C. G., Vieira, K. M., & Kirch, G. (2015). determinants of financial literacy: analysis of the influence of socioeconomic and demographic variables. Revista Contabilidade & Finanças, 26(69), DOI: 10.1590/1808-057x201501040.
21. Rajna, A., Ezat, W. S., Junid, S. A., & Moshiri, H. (2011). Financial Management Attitude and Practice among the Medical Practitioners in Public and Private Medical Service in Malaysia. International Journal of Business and Management, Vo. 6. No. 8.
22. Razmus, W., & Laguna, M. (2018). Dimensions of entrepreneurial success: A multilevel study on stakeholders of micro-enterprises. https://doi.org/10.3389/fpsyg.2018.00791
23. Rekik ,Yosra Mefteh & Boujelbene Younes ,(2013),- Determinants of Individual Investors’ Behaviors: Evidence from Tunisian Stock Market. IOSR Journal of Business and Management (IOSR-JBM) e-ISSN: 2278-487X. Volume 8, Issue 2, PP 109-119.
24. Rousseau, D M, S B Sitkin, R S Burt, and C Camerer , (1998) , “ Not so different after all : a cross discipline view of trust ” ,Academy of ManagementReview,Vol23,No3.
25. Soni, P. (2013). Behavioral Finance-Deversion From Traditional Methods Of Risk Analysis, International Journal Of Applied Research And Studies, India.
26. Subash, R. (2012). Role of Behavioral Finance In Portfolio Investment Decision, Evidence from India,Master thesis,Faculty of Social science ,Charles University, In Prague. 111
27. Sukanya, R., & Thimmarayappa, R. (2015). Impact of behavioral biases in portfolio investment decision making process. International Journal of Commerce, Business and Management (IJCBM), 4(4), 1278–1289.
28. Thaler , R. H. ( 2005 ) . Advances in Behavioral Finance . II . Russell Sage Foundation , New Yor.
29. Uzar, C., Akkaya, G. C. (2013). The Mental And Behavioral Mistakes Investors Make, International journal Of Business And Management Studies.
30. Van Rensburg, D. J. (2013). Is Strategic Entrepreneurship a Pleonasm? Journal of Management and Strategy , 4 (1), 15-27.
31. Van Rooij, Maarten, Annamaria Lusardi, and Rob Alessie (2007), “Financial Literacy and Stock Market Participation,” MRRC Working Paper n. 2007-162
32. Waweru, N. M., Munyoki, E., & Uliana, E. (2008). The effects of behavioral factors in investment decision-making: a survey of institutional investors operating at the Nairobi Stock Exchange. International Journal of Business and Emerging Markets, 1(1), 24–41.
33. Zwerus, Thiemo,(2013),Planning & Entrepreneurial Success, The Effects of Planning dimensions on entrepreneurial success, A Thesis Presented in Partial Fulfillment of the Requirements for Degree of Master of Business Administration ,University of Twente.
1- جلاب،احسان دهش وحسن،فلاح حسن وجنة ،طيبة فارس و سبتي، يوسف موسى (2016) قراءات في الفكر الريادي ، دار المنهجية للنشرو التوزيع.
2- جمعة، السعيد فرحات،(2000) ، الاداء المالي لمنظمات الأعمال، دار المريخ ، المملكة العربية السعودية.
3- الحموي ،سيرين خالد، (2016)، تأثير العوامل السلوكية في عوائد الاسهم ، دراسة تطبيقية في سوق دمشق للاوراق المالية ، رسالة ماجستير في العلوم المالية و المصرفية ، جامعة دمشق – سوريا.
4- سانية ، عبد الرحمان ونعاس، صلاح الدين و علي، الضب(2017)، الخلفية النظرية للمالية السلوكية وتحليل سلوك المستثمر في سوق رأس المال، مجلة بحوث الاقتصاد والإدارة، المجلد((1العدد (2).
5- سلمان ، شيماء امين (2014) ، دور المعرفة المالية في تحديد انماط السلوك المالي ، دراسة ميدانية لعينة من المستثمرين في اسواق العملات الاجنبية في اقليم كوردستان ، رسالة ماجستير ،جامعة زاخو.
6- ضاهر، حنان، والصائغ، وجد رفيق، ((2016، أثر المعرفة المالية على مشاركة الافرد في سوق دمشق للاوراق المالية، مجلة جامعة تشرين للدراسات الاقتصادية والقانونية ، المجلد(38)، العدد(3).
7- المولى، ايمان عبد المطلب حسن،2018))،اهمية المعرفة المالية في اتخاذ قرارات الاسثمار في اسواق الاوراق المالية العربية، مجلة جامعة تكريت للعلوم الادارية و الاقتصادية، المجلد((3العدد (43).
ثانيا: المصادر الاجنبية
1. Al-Sedrah & Ahmad.(2014). " Behavioral Finance: The missing piece in modern finance " Proceedings of the First Middle East Conference on Global Business, Economics, Finance and Banking
2. Arifin, A. Z. (2018). Influence of Financial Attitude , Financial Behavior, Financial Capability on Financial Satisfaction. Advances in Social Science, Education and Humanities Research (ASSEHR), volume186, 100–103.
3. Boglarka ,Zsótér, Németh(2018), Characterisation of Young People According to Their Financial Attitudes and Behaviours https://doi.org/10.11114/afa.v4i1.2780
4. Charles, A. and Kasilingam, R. (2016). “Impact of selected behavioural bias factors on investment decisions of equity investors”, Ictact Journal on Management Studies, Vol. 2 No. 2, pp. 297-311.
5. Christopher, A. N., Marek, P., & Carroll, S. M. (2004). Materialism and Attitudes Toward Money: An Exploratory Investigation. Individual Differences Research, 2(2),109-117.
6. Dubrin,(1995),Team Challenge-Establish A Climate of trust, http://www.palmleaders.net/section%20I/1 dclmtrs.htm
7. Farid, M. (2007). The relevance of transition to free market, attitude towards money, locus of control, and attitude towards risk to entrepreneurs: a cross-cultural empirical comparison. International Journal of Entrepreneurship, 11, 75.
8. Gigerenzer,G.(2016). (The Behavioral Economics Guide), ISSN 2398-2020.
9. Gina, A. N., Mat, D., & Akoto, I. O. (2012). Financial Knowledge and Attitudes of Youth in Ghana. YouthSave Research Brief No. 12-37
10. Godwin, D. D. (1994). Antecedents and consequences of newlyweds' cash flow management. Financial Counseling and Planning, 5, 161-190
11. Habil, Ágnes C.-K., & Varga, J. (2019). Financial awareness of students entering higher education based on the results of a questionnaire research.
http://dx.doi.org/10.1504/IJBEM.2008.019243
12. Jangongo.Ambrose & Mutswenje. Vincent S.,(2014),A Survey of Factors influencing Investment Decision : The Case of Individual Investors At NSE.,International Journal Of Humanities & Social Science, School Of Business, Kenyatta Uni. Vol.4, No,4
13. Janor, H., Yakob, R., Noor AzuanHashim, Zanariah & CheAniza. (2016). Financial literacy and investment decisions in Malaysia and United Kingdom: a comparative analysis. Geografia-Malaysia Journal of Society and Space, 12(2), 106118.
14. Mandell, L. (2009): The impact of financial education in high school and college on financial literacy and subsequent financial decision making, American Economic Association Meeting, January 4, 2009
15. Mwangi, Gitau J. (2011). Behavioural Factors Influencing Investment Decision in the Kenyan property market, Strathmore, master thesis, University of Strathmore, Nairobi, Kenya.
16. Nair, V.R. and Antony, A. (2015), “Evolutions and challenges of behavioral finance”, International Journal of Science and Research (IJSR) ,Vol.4 No.3,pp.1055-1059,
17. Nano, Dorjana (2015) "The Interrelationship between Financial Attitude, Financial Behavior and Financial Knowledgehttps://knowledgecenter.ubt-uni.net/ijbte/vol4/iss1/9
18. Niazi ,Muhammad Khurram Shehzad,& Malik, Qaisar Ali (2019) Socio-Demographics, Risk Propensity, And Investment Diversity Moderating Role Of Financial Literacy International Transaction Journal of Engineering, Management, & Applied Sciences & Technologies http://TuEngr.com.
19. Pokrikyan, Arthur. Lalayan ,Sona and Mkrtchyan, Armenuai (2017). financial capability barometer bringing smart policies to life a new methodology for measuring the financial capability of a country’s population, Consumer Rights Protection and Financial Literacy center Bank of Armenia (www.cba.am, www.abcfinance.am )
20. Potrich, A. C. G., Vieira, K. M., & Kirch, G. (2015). determinants of financial literacy: analysis of the influence of socioeconomic and demographic variables. Revista Contabilidade & Finanças, 26(69), DOI: 10.1590/1808-057x201501040.
21. Rajna, A., Ezat, W. S., Junid, S. A., & Moshiri, H. (2011). Financial Management Attitude and Practice among the Medical Practitioners in Public and Private Medical Service in Malaysia. International Journal of Business and Management, Vo. 6. No. 8.
22. Razmus, W., & Laguna, M. (2018). Dimensions of entrepreneurial success: A multilevel study on stakeholders of micro-enterprises. https://doi.org/10.3389/fpsyg.2018.00791
23. Rekik ,Yosra Mefteh & Boujelbene Younes ,(2013),- Determinants of Individual Investors’ Behaviors: Evidence from Tunisian Stock Market. IOSR Journal of Business and Management (IOSR-JBM) e-ISSN: 2278-487X. Volume 8, Issue 2, PP 109-119.
24. Rousseau, D M, S B Sitkin, R S Burt, and C Camerer , (1998) , “ Not so different after all : a cross discipline view of trust ” ,Academy of ManagementReview,Vol23,No3.
25. Soni, P. (2013). Behavioral Finance-Deversion From Traditional Methods Of Risk Analysis, International Journal Of Applied Research And Studies, India.
26. Subash, R. (2012). Role of Behavioral Finance In Portfolio Investment Decision, Evidence from India,Master thesis,Faculty of Social science ,Charles University, In Prague. 111
27. Sukanya, R., & Thimmarayappa, R. (2015). Impact of behavioral biases in portfolio investment decision making process. International Journal of Commerce, Business and Management (IJCBM), 4(4), 1278–1289.
28. Thaler , R. H. ( 2005 ) . Advances in Behavioral Finance . II . Russell Sage Foundation , New Yor.
29. Uzar, C., Akkaya, G. C. (2013). The Mental And Behavioral Mistakes Investors Make, International journal Of Business And Management Studies.
30. Van Rensburg, D. J. (2013). Is Strategic Entrepreneurship a Pleonasm? Journal of Management and Strategy , 4 (1), 15-27.
31. Van Rooij, Maarten, Annamaria Lusardi, and Rob Alessie (2007), “Financial Literacy and Stock Market Participation,” MRRC Working Paper n. 2007-162
32. Waweru, N. M., Munyoki, E., & Uliana, E. (2008). The effects of behavioral factors in investment decision-making: a survey of institutional investors operating at the Nairobi Stock Exchange. International Journal of Business and Emerging Markets, 1(1), 24–41.
33. Zwerus, Thiemo,(2013),Planning & Entrepreneurial Success, The Effects of Planning dimensions on entrepreneurial success, A Thesis Presented in Partial Fulfillment of the Requirements for Degree of Master of Business Administration ,University of Twente.
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Published
2020-12-30
How to Cite
Rafeeq, A., & Noree, R. . (2020). The role of behavioral finance dimensions in achieving entrepreneurial confidence. Humanities Journal of University of Zakho, 8(4), 643–658. https://doi.org/10.26436/hjuoz.2020.8.4.652
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