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An Emerging Need of Introducing Behavioral Finance in Pakistan: Evidence from Investor’s Sentiments and Actions
| Content Provider | Semantic Scholar |
|---|---|
| Author | Ayub, Rafia |
| Copyright Year | 2018 |
| Abstract | INTRODUCTION Zill e Huma1 Rafia Ayub2 1Jinnah University for Women, Karachi 2Department of Business Administration, Jinnah University for Women, Karachi Investment is an asset that an individual or a firm purchased for generating income in future. In economics investments are those goods that will be used in creating future wealth. In finance investments are considered as monetary assets that provide future inflows either in terms of income or in terms of appreciation in intrinsic value. Investment options in Pakistan commonly known to individuals include Fix deposits / Saving deposits, Investment certificates by Banks, Government Securities, Corporate Securities, Insurance, Mutual Funds, Gold, Real Estate etc. Investment in financial markets is one of the most common phenomena. Financial markets play a vital role in the economy. It also provides a mechanism to all the managers or individual investors about investment decisions. (Samuel, 1996). Generally in an economy financial market serves the aim of growth in dividend, capital gain, and hedge against inflation; especially in long run, for the investors (Teweles & Bradley, 1998). In Pakistan there are thirty four Banks; five public sector banks, twenty one specialized banks and four foreign banks (SBP, 2016), twenty Asset Management Companies (AMCs) offering variety of mutual funds (mufap, n.d), and 559 listed companies in Pakistan Stock Exchange (PSX), (PSX, n.d.). |
| File Format | PDF HTM / HTML |
| Alternate Webpage(s) | http://jisr.szabist.edu.pk/JISR-MSSE/An_Emerging_Need_of_Introducing_Behavioral_Finance_in_Pakistan.pdf |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |