Start Submission

Reading: The Degree of Financial Literacy as a Deterministic Factor in Investment Decisions: Evidence...

Download

A- A+
Alt. Display

Research Articles

The Degree of Financial Literacy as a Deterministic Factor in Investment Decisions: Evidence from Colombo Stock Exchange (CSE) of Sri Lanka

Authors:

S.R.S.D.K. Weerawansa ,

University of Colombo, LK
About S.R.S.D.K.
Department of Economics
X close

N.S. Morage

Imperial Institute of of Higher education (IIHE), LK
X close

Abstract

Local retail investors at the CSE are not gaining the optimum benefits out of the market whereas, the foreign investors are gaining high profits through trading stocks. In addition, the financial literacy level of Sri Lankans is low compared to other countries. The main target of the researcher is to determine “The Impact of Behavioral Finance on Investment Decision-Making in the Stock Market and the Moderating Role of Financial Literacy: with special reference to local individual investors at the CSE of Sri Lanka”. The findings of the study revealed that a significant relationship exists between behavioral finance and investment decision-making. It was also established that financial literacy moderates the relationship between the independent variables and the dependent variable. The qualitative findings resulted in a final thematic analysis which gave rise to additional independent variables and moderating variables which were suggested for future research by the author.
How to Cite: Weerawansa, S.R.S.D.K. and Morage, N.S., 2019. The Degree of Financial Literacy as a Deterministic Factor in Investment Decisions: Evidence from Colombo Stock Exchange (CSE) of Sri Lanka. Sri Lanka Journal of Economic Research, 7(1), pp.15–44. DOI: http://doi.org/10.4038/sljer.v7i1.39
Published on 01 Dec 2019.
Peer Reviewed

Downloads

  • PDF (EN)

    comments powered by Disqus