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Source: Journal Citation ReportsTM from ClarivateTM 2022

Entrepreneurship and Sustainability Issues Open access
Journal Impact FactorTM (2022) 1.7
Journal Citation IndicatorTM (2022) 0.42
Received: 2018-03-19  |  Accepted: 2018-05-05  |  Published: 2018-09-30

Title

Behavior of the Lithuanian investors at the period of economic growth


Abstract

Modern scientists speak and write about investor’s psychological factors, decision-making processes, and the importance of financial behavior in the investment process. One of the modern theories – an efficient market – focused on rational investors. According to it, investors rationally manage their investment portfolio; rationally respond to constantly changing information and make rational changes to newly acquired information. However, the prospect theory has proven that irrational investor decisions play an important role in the investment process. An assessment of irrationality of investors is important for governments, fund managers and investors, eventually for all participants of financial market. For some, this is an opportunity to additional funds, to receive higher income, for others, would provide the added value, as they could identify themselves as investors. Understanding how decisions are influenced by behavior it is important both for self-education and investment decision-making. The article aims to identify the typology of the Lithuanian investors by distinguishing behavioral deviations that influence the behavior of investors’ decisions in the stage of the country’s economic growth. The research will identify types of physical entities, behavioral deviations, motives of investment decisions made. The qualitative and quantitative methods are used to perform the research: investor inquiry, correlation and regression analysis.


Keywords

behavior finance, behavioral deviations, investment decisions


JEL classifications

D90 , D14 , E71


URI

http://jssidoi.org/jesi/article/207


DOI


HAL


Pages

44-59


This is an open access issue and all published articles are licensed under a
Creative Commons Attribution 4.0 International License

Authors

Bikas, Egidijus
Vilnius University, Vilnius, Lithuania https://www.vu.lt
Articles by this author in: CrossRef |  Google Scholar

Saponaitė, Vitalija
Vilnius University, Vilnius, Lithuania https://www.vu.lt
Articles by this author in: CrossRef |  Google Scholar

Journal title

Entrepreneurship and Sustainability Issues

Volume

6


Number

1


Issue date

September 2018


Issue DOI


ISSN

ISSN 2345-0282 (online)


Publisher

VšĮ Entrepreneurship and Sustainability Center, Vilnius, Lithuania

Cited

Google Scholar

Article views & downloads

HTML views: 4544  |  PDF downloads: 1961

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