Impact of Behavioural Biases, Emotional Intelligence and Financial Literacy on Financial Behaviour

Title

Impact of Behavioural Biases, Emotional Intelligence and Financial Literacy on Financial Behaviour

Creator

Mulasi, Ankita

Contributor

Mathew, Jain

Description

Behavioural finance is the integration of finance and psychology. Finance pertains to the administration of finances by an individual, while psychology involves the examination of the mind and human conduct. Behavioural finance provides a reasonable explanation for the abnormalities observed in financial markets and the irrational decisions made by investors. The foundation of behavioural finance lies in the irrational choices made by individuals, which elucidates the reasons for investors frequently encountering different biases, emotional filters, and a lack of knowledge when making financial decisions. The primary challenges stem from three critical deficiencies: the investors' inability to express their cognitive and emotional biases, insufficient financial knowledge, and an inability to regulate emotions during financial decision-making. This study investigates the influence of investors' financial literacy, emotional intelligence, and behavioural bias on their financial conduct. Studies have shown that behavioural biases negatively impact financial behaviour. Financial literacy and emotional intelligence have been recognised as critical elements that significantly impact the financial behaviour of salaried class investors.

Source

Author's Submission

Date

2024-01-01

Publisher

Christ(Deemed to be University)

Subject

Management Studies

Rights

Open Access

Relation

61000330

Format

PDF

Language

English

Type

PhD

Identifier

http://hdl.handle.net/10603/574361