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Individual Investors’ Risk Behaviour and Share Trading Frequency: Evidence from Dar es Salaam Stock Exchange

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dc.contributor.author Mwakabumbe, Christina Alfred
dc.contributor.author Temu, Sylvia
dc.contributor.author Kazungu, Isaac
dc.date.accessioned 2023-06-09T10:19:46Z
dc.date.available 2023-06-09T10:19:46Z
dc.date.issued 2022
dc.identifier.citation Mwakabumbe, C. A., Sylvia T., & Kazungu, I. (2022). Individual Investors’ Risk Behaviour and Share Trading Frequency: Evidence from Dar es Salaam Stock Exchange. Journal of Accounting Research, Organization, 5(3). 210-224 en_US
dc.identifier.uri http://repository.mocu.ac.tz/xmlui/handle/123456789/367
dc.description.abstract Objective – This paper examines the risk behaviour of individual investors in the Dar es Salaam Stock Exchange (DSE), Tanzania. Furthermore, it aims to analyse how risk behaviour variables influence individuals' trading frequency of shares at the DSE. Design/methodology –The study uses cross-section data from a structured questionnaire distributed to 200 individual investors selected with a snowball sampling procedure. It further used descriptive statistics and multinomial logistic regression (MLR) to analyse the risk behaviour of individual investors and their impact on share trading frequency. Results – The study reveals that share prices, investment experience, and amount of funds invested depict the risk aversion behaviour of individual investors and thus influence their share trading frequency at DSE. However, individuals’ risk perception did not significantly influence share trading frequency. Research limitations/implications –The study used individual investors to assess risk behaviour in trading frequency. However, individuals have limited risk awareness and analysis knowledge and use brokers and financial analysts. Novelty/Originality –Individual investors' risk behaviour in relation to share trading at DSE received attention for the first time in this paper. The study proposes to DSE improve policies and training programs relating to individuals trading and risk management to stimulate active share trading among individual participants in exchange for improved liquidity and contribution to economic growth. en_US
dc.language.iso en en_US
dc.publisher Journal of Accounting Research, Organization en_US
dc.relation.ispartofseries Vol. 5;Issue 3
dc.subject DSE en_US
dc.subject Individual en_US
dc.subject Investors en_US
dc.subject Risk en_US
dc.subject Trade en_US
dc.title Individual Investors’ Risk Behaviour and Share Trading Frequency: Evidence from Dar es Salaam Stock Exchange en_US
dc.type Article en_US


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