Implementing the 17 Sustainable Development Goals (SDGs) unarguably demands huge financial investments. However, the United Nations has acknowledged the huge financial gap militating against the implementation of the SDGs worldwide, leading experts to question the possibility of complete implementation of the goals by their terminal dateline of 2030. While the bulk of the finance currently outlaid on the SDGs comes from traditional sources including foreign direct investments (FDIs), there is the need to focus more attention on developing and exploiting impact investments that are more suitable for financing development programmes and projects. In this chapter, the SDG implementation profiles of the 12 Arab West Asia countries concerning the five most targeted SDGs were evaluated and sustainable finance issues were discussed. Secondary data were retrieved from World Bank's DataBank. The data …
Investment Decision of Individual Investors: A State-of-the-Art Literature
Artificial Intelligence, Internet of Things, and Society 5.0
Vol. 1113
Issue 93
93–106
2023
Investment Decision of Individual Investors: A State-of-the-Art Literature
Hind Dheyaa Abdulrasool, Rafidah Othman, Khawla Radi Athab Al-Shimmery
Artificial Intelligence, Internet of Things, and Society 5.0
This study reviews prior research on individual investors’ investment behaviour, compile the sample literature and suggests several avenues for further investigation. This paper followed a systematic approach to review the literature and collected the sample from the Web of Science and Scopus databases. The final sample of relevant studies included in this research comprised 156 articles. The analysis revealed that, regardless of disciplined investment, most applied theories ignored that individual investors often make mistakes when selecting their stocks and making an investment decision. Unlike institutional investors, individual investors may lack access to specific stock information, which is an impractical assumption. Hence, a more theoretical explanation is required when evaluating the individual investors’ decision affected by behaviour biases and whether this influence the stock price movement …
Analysing Global Research on Stock Market Anomalies: A Behavioural Finance Perspective
Social Sciences
Vol. 12
Issue 6
417-447
2023
Analysing Global Research on Stock Market Anomalies: A Behavioural Finance Perspective
Hind Dheyaa Abdulrasool, Khawla Radi Athab Al-Shimmery
Investors’ psychology and behaviours have been known to influence the emergence of capital market imperfections. The corpus of studies on this matter is copious but conflicting as researchers approach the subject from two major perspectives. Against this background, this study aims to review and establish the global research trend in behavioural finance examining stock market anomalies vis-à-vis its opposing paradigm (ie, the efficient market hypothesis). Based on an extensive review of the types of anomalies published by scholars over 53 years (1968–2021), this study generated search strings targeting the appropriate investor behaviours as responses to stock market anomalies. The study applied bibliometric analysis and drew 1,767 documents from the Scopus database, which were later reduced to 1,436 after applying the exclusion criteria. The analyses revealed that authors prefer to disseminate their research on stock market anomalies in refereed journals and also attempt to unravel the contrast between rational and behavioural dynamics of investor decision-making based on short-term observations. Also, most of the studies fall under the general economics and business subject groups, indicating authors' preoccupation with general rather than specific matters on stock market anomalies. Further, the study highlighted the global distribution of studies on stock market anomalies, the top prolific authors in the field, the top journal sources, and the Scopus profiles of selected top authors. Based on these results, recommendations for future studies were given.