Purpose: In behavioural finance is enclosed by the implementation of human psychology. It displays the behaviour as cognitive and affective. Investors are motivated to participate in innovative financial products and financial instruments in the markets. Decisions of investors have emerged with their awareness of market dynamics and the psyche. Prediction about investors’ behaviour may difficult task. Methodology: The researcher used stratified random sampling technique to collect data in metropolitan cities (Chennai, Coimbatore, Madurai, Salem, and Tiruchirappalli) in Tamil Nadu State. The three variables are financial literacy is considered as independent variable, Big Five Personality traits is treated as mediating variable and investment performance is displayed as dependent variable Findings: There is a positive and significant relationship between financial literacy and investment attitude on investments. Investors must focus on their performance towards investment decisions. Conclusion: The result shows that the knowledge and attitude of the investors are highly influence investment decisions. Most of the investors make their decision making based on their past performances in financial activities
AN ANALYSIS OF AWARENESS ON FINANCIAL INVESTMENT AVENUES AMONG AIRLINE EMPLOYEESIAEME Publication
In this paper, the main objective to know in which investment avenue the majority of airline employees were prefer to investing their funds such as equity, derivatives, Gold bonds, mutual funds, crypto currency, and government securities, and to find out the expectations from investment, amount of investment, the risk-bearing capacity, level of awareness among the employees with help of demographic factors. The study was conducted among airline employees from various airlines in chennai city of Tamilnadu with a sample size of 300 respondents. Descriptive research design was adopted for the study and the primary data was collected through schedule method with the help of a structured questionnaire and the sampling technique adopted was snow ball sampling technique. Data was analyzed and interpreted with the help of statistical tools like Chisquare test and percentage analysis by using SPSS software. So an attempt is made to study the different investment avenues available and the awareness level of various investment avenues among airline employees and their willingness towards investing in financial assets. The study concludes that preference of airline employees towards various investment avenues with the expectation of safety, liquidity and to secure their income generation.
AN ANALYSIS OF AWARENESS ON FINANCIAL INVESTMENT AVENUES AMONG AIRLINE EMPLOYEESIAEME Publication
In this paper, the main objective to know in which investment avenue the majority of airline employees were prefer to investing their funds such as equity, derivatives, Gold bonds, mutual funds, crypto currency, and government securities, and to find out the expectations from investment, amount of investment, the risk-bearing capacity, level of awareness among the employees with help of demographic factors. The study was conducted among airline employees from various airlines in chennai city of Tamilnadu with a sample size of 300 respondents. Descriptive research design was adopted for the study and the primary data was collected through schedule method with the help of a structured questionnaire and the sampling technique adopted was snow ball sampling technique. Data was analyzed and interpreted with the help of statistical tools like Chisquare test and percentage analysis by using SPSS software. So an attempt is made to study the different investment avenues available and the awareness level of various investment avenues among airline employees and their willingness towards investing in financial assets. The study concludes that preference of airline employees towards various investment avenues with the expectation of safety, liquidity and to secure their income generation.
Factors Influencing Investment Decisions of Retail Investors- A Descriptive S...inventionjournals
Investment decisions have gained importance due to the general increase in employment opportunities and economic development of a nation. Awareness of investment avenues has led to the ability and willingness of working people to save and invest their funds for returns, in that perspective this study was conducted. The volatile behaviour of markets has challenged the hypothesis of efficient markets which motivates ones to understand the driving forces behind it. It is the major concern for academicians, investors and portfolio managers to understand the reasons causing irrationality in the markets. This paper uses the theory of behavioural finance to examine the factors influencing investment decisions of individual investors. From the extensive literature review, it was found that there is no single factor which influences the investment decisions of an individual. Moreover factors influencing investment decision varies from time to time, place to place, person to person, securities to securities etc. It was suggested that the policy makers of investment avenues must consider all the variables and its impact on the investors investment decisions while introducing any investment avenues to the market.
A Study on Investors Perception towards Mutual Fund Investments (With Special...Dr. Amarjeet Singh
This examination on Investors acknowledgment
towards and late improvement and headway of Mutual Fund
premiums in Alwar city goes under the board an area of
organization publicizing. In the wide thought of organization
publicizing it exclusively centers around the exhibiting of cash
related organization specifically basic resources. Well ordered
Indian budgetary market is getting the chance to be engaged
and the supply of various fiscal instruments ought to be in
parity to the premium perspectives of the monetary
authorities. The prime drive of any hypothesis is to get most
extraordinary returned with a base danger and normal
resources allow to the budgetary masters. The examination
gives an information into the sorts of risks which exist in a
mutual save plan. The data was assembled from shared save
budgetary authorities similarly as non basic store examiners of
this industry. The investigation bases on the association
between theory decision and factors like liquidity, cash related
care, and demography. It was found commonly safe resources
and liquidity of store plot are having influence on the
budgetary authority's acumen for placing assets into the
mutual save. With the more broad thought of the distinctive
components of organization publicizing, thing care, mark
tendencies, and money related authority's satisfaction are the
specific regions of the examination. The other displaying limits
like thing progression publicize division, channels of
exhibiting, thing life cycle, scale headway procedures and their
impact of Marketing are completely disposed of from the audit
of this examination. So likewise the availability of substitute
aftereffect of normal hold units and their impact on this
organization thing it also rejected in the examination. In
reality, even in the normal store monetary authorities lead also
the researcher concentrate only the urban theorists and their
anxiety for this examination work. The rustic speculator's
perspectives are totally barred from the investigation.
IOSR Journal of Business and Management (IOSR-JBM) is an open access international journal that provides rapid publication (within a month) of articles in all areas of business and managemant and its applications. The journal welcomes publications of high quality papers on theoretical developments and practical applications inbusiness and management. Original research papers, state-of-the-art reviews, and high quality technical notes are invited for publications.
TRADING AND DEMAT BEHAVIOUR OF ACCOUNT HOLDERS IN THE TIRUCHIRAPPALLI CITYIAEME Publication
Investments are now a requirement if you want a secure future. There are several ways to invest, including bank schemes, gold, real estate, post services, mutual funds, etc. The core of the capital market in developing nations like India is comprised of investors. To do this, more savings must be directed onto business sectors. There is a lot of focus on investment as the main tool for a nation's economic development and progress. People invest their money with a variety of goals in mind, including profit, security, appreciation, and stable income. With the aid of stock brokerage companies, many consumers with demat accounts can trade shares electronically at a stock market. The majority of them just seldom and infrequently trade. They might not for a variety of reasons. Investors play a significant role in the stock market since they invest a significant portion of their savings there. Stock regulators should never disregard the logical trading behaviour of stock traders. The current study, whose goal is to ascertain the investing behaviour of those who possess demat and trading accounts in the city of Tiruchirappalli, gains significance in this direction. This study tries to identify additional reasons why investors stop or delay trading and to offer any solutions that could be available.
A synopsis of Final research Report ON Investors' preference on various Investment Avenues in India.
A research report will be generated at the end of the final period evaluating the hypothesis of the reasearch
THE EMPIRICAL STUDY ON INVESTORS RISK PERCEPTION AND BEHAVIOUR OF EQUITY INVE...IAEME Publication
The purpose of this paper is to examine the relationship among the individual behavioural of Equity Investors and his Risk Perception. It explores individual investor’s preferences for Investment choices and provisionally investigates the impacts of risk tolerances and risk perceptions on their investment decisions. A sample of 200 investors using a structured questionnaire from investment avenues in Tiruchirappalli district. The result of analysis have shown that investor’s decisions to make their investment choices are significantly and negatively related to personal income level.
A Study of Behavioural Factors Affecting Individual Investment Decisionsijtsrd
Although finance has been studied for thousands of years, behavioral finance which considers the human behaviour in finance is a pretty new area. Behavioral finance theories, which might be based totally at the psychology, try to apprehend how feelings and cognitive mistakes impact man or woman traders' behaviour buyers referred to on this look at are referred to person traders .The primary goal of this have a look at is exploring the behavioral factors influencing person buyers' selections on the NSE and BSE Stock Exchange. Furthermore, the members of the family among these elements and funding overall performance also are tested. The have a look at begins with the present theories in behavioral finance, based totally on which, hypotheses are proposed. Then, those hypotheses are examined via the questionnaires dispensed to individual buyers on the Broking Firms, college students and professionals. The data collected from the Stock Broking firms, Students, Professionals through structured questionnaire were examined and data collected were analyzed using Cronbachs Alpha Reliability Test, based totally on which, hypotheses are proposed. The result indicates that there are 5 behavioral elements affecting the funding selections of person investors at the NSE and BSE Stock Exchange Herding, Market, Prospect, Overconfidence gamble's fallacy, and Anchoring ability bias. Most of these elements have mild impacts whereas Market element has high affect. This test also tries to discover the correlation among these behavioral factors and investment overall performance. Among the behavioral factors referred to above, best 3 elements are located to influence the Investment Performance Herding inclusive of shopping for and promoting choice of trading shares extent of buying and selling stocks velocity of herding , Prospect such as loss aversion, remorse aversion, and mental accounting , and Heuristic inclusive of overconfidence and gamble's fallacy . The heuristic behaviors are determined to have the highest advantageous impact at the investment overall performance while the herding behaviors are stated to persuade undoubtedly the investment overall performance on the lower degree. In assessment, the possibility behaviors provide the negative impact on the funding overall performance. Pawankumar S Hallale | Manjiri Gadekar "A Study of Behavioural Factors Affecting Individual Investment Decisions" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-3 | Issue-6 , October 2019, URL: https://www.ijtsrd.com/papers/ijtsrd28100.pdf Paper URL: https://www.ijtsrd.com/management/business-economics/28100/a-study-of-behavioural-factors-affecting-individual-investment-decisions/pawankumar-s-hallale
A STUDY ON AWARENESS OF INVESTORS ABOUT THE MUTUAL FUND INVESTMENTS IN MUSIRI...IAEME Publication
Mutual Fund is a vehicle that attracts small and medium investors, thus strengthen the capital market. There are many reasons to invest in mutual funds such as dividend declarations, tax benefits, lesser risk, and value of assets, cost etc. The mutual fund industry in india has undergone a most successful phase in the last 10 years. The AUM has shown a tremendous growth since inception from Rs.25 crore in 1965 to Rs.701443 crore in March 2013. The growth in number of schemes offered by Indian mutual funds from 403 schemes in 2002-03 to 1294 schemes in 2011-12 has shown the inclination of investors towards mutual fund. The resources mobilized by public sector funds is Rs. 314706 crore in 2002-03 and reached to a high of Rs.10, 019,023 crore in 2009-10 of which the share of public sector mutual fund is around 80 percent of the total fund mobilized.
Behavioural Finance Paradigms and Its Influences on Investment Decisions and ...ijtsrd
According to conventional theory of stock market, the institutional investors and individual investors are rational by nature who would like to maximize their wealth within a stipulated period. However, there are many paradigms related to financial behaviour of individuals where it influences their investment decisions, leading to behave in irrational ways. Most of the investor's attitude towards investment states that their attitudinal behaviour always influences their investment decisions and will have an impact on their portfolios, so it clearly states that the psychological aspects of investor's will always have an impact on investment pattern what they choose and helps them to decide their investment avenues. Behavioral finance predicts the trading behavior of investors based on some paradigms in the stock market and is used as a basis for creating more efficient trading strategies for the purpose of maximizing returns. In this research study attempt has been made to understand and explain the impact of behavioural paradigms of financial market influencing on individual trading and investment behaviour around the world as well as the efforts has been made to put forth to find out the paradigms and its reasons for existence and acceptance of behavioural biases in the modern financial theory. In present scenario there are most cases where the performance of the financial market depends on the attitude of investors who invest in criterion portfolio and play a major role towards the investment, so there is a need of studying the above said existing paradigms for the purpose of evaluating the performance of various stocks and shares of the organizations and others in the financial market. And the research has proved that behavioural finance influences the investment decision making and their trading behaviour and also have an impact on the equity market as well. Dr. H. Prakash | Rekha D. M "Behavioural Finance Paradigms and Its Influences on Investment Decisions and Performance of Equity Market- A Study in Bangalore" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-4 | Issue-1 , December 2019, URL: https://www.ijtsrd.com/papers/ijtsrd29614.pdfPaper URL: https://www.ijtsrd.com/management/accounting-and-finance/29614/behavioural-finance-paradigms-and-its-influences-on-investment-decisions-and-performance-of-equity-market--a-study-in-bangalore/dr-h-prakash
International Journal of Business and Management Invention (IJBMI) is an international journal intended for professionals and researchers in all fields of Business and Management. IJBMI publishes research articles and reviews within the whole field Business and Management, new teaching methods, assessment, validation and the impact of new technologies and it will continue to provide information on the latest trends and developments in this ever-expanding subject. The publications of papers are selected through double peer reviewed to ensure originality, relevance, and readability. The articles published in our journal can be accessed online.
5_Saurabh-Agarwal-Sarita v.pdf a study on portfolio management & financial se...vaghasiyadixa1
This research report about portfolio management & financial sector including all the requirements of making research report as per University required.
Submission Deadline: 30th September 2022
Acceptance Notification: Within Three Days’ time period
Online Publication: Within 24 Hrs. time Period
Expected Date of Dispatch of Printed Journal: 5th October 2022
MODELING AND ANALYSIS OF SURFACE ROUGHNESS AND WHITE LATER THICKNESS IN WIRE-...IAEME Publication
White layer thickness (WLT) formed and surface roughness in wire electric discharge turning (WEDT) of tungsten carbide composite has been made to model through response surface methodology (RSM). A Taguchi’s standard Design of experiments involving five input variables with three levels has been employed to establish a mathematical model between input parameters and responses. Percentage of cobalt content, spindle speed, Pulse on-time, wire feed and pulse off-time were changed during the experimental tests based on the Taguchi’s orthogonal array L27 (3^13). Analysis of variance (ANOVA) revealed that the mathematical models obtained can adequately describe performance within the parameters of the factors considered. There was a good agreement between the experimental and predicted values in this study.
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Investment decisions have gained importance due to the general increase in employment opportunities and economic development of a nation. Awareness of investment avenues has led to the ability and willingness of working people to save and invest their funds for returns, in that perspective this study was conducted. The volatile behaviour of markets has challenged the hypothesis of efficient markets which motivates ones to understand the driving forces behind it. It is the major concern for academicians, investors and portfolio managers to understand the reasons causing irrationality in the markets. This paper uses the theory of behavioural finance to examine the factors influencing investment decisions of individual investors. From the extensive literature review, it was found that there is no single factor which influences the investment decisions of an individual. Moreover factors influencing investment decision varies from time to time, place to place, person to person, securities to securities etc. It was suggested that the policy makers of investment avenues must consider all the variables and its impact on the investors investment decisions while introducing any investment avenues to the market.
A Study on Investors Perception towards Mutual Fund Investments (With Special...Dr. Amarjeet Singh
This examination on Investors acknowledgment
towards and late improvement and headway of Mutual Fund
premiums in Alwar city goes under the board an area of
organization publicizing. In the wide thought of organization
publicizing it exclusively centers around the exhibiting of cash
related organization specifically basic resources. Well ordered
Indian budgetary market is getting the chance to be engaged
and the supply of various fiscal instruments ought to be in
parity to the premium perspectives of the monetary
authorities. The prime drive of any hypothesis is to get most
extraordinary returned with a base danger and normal
resources allow to the budgetary masters. The examination
gives an information into the sorts of risks which exist in a
mutual save plan. The data was assembled from shared save
budgetary authorities similarly as non basic store examiners of
this industry. The investigation bases on the association
between theory decision and factors like liquidity, cash related
care, and demography. It was found commonly safe resources
and liquidity of store plot are having influence on the
budgetary authority's acumen for placing assets into the
mutual save. With the more broad thought of the distinctive
components of organization publicizing, thing care, mark
tendencies, and money related authority's satisfaction are the
specific regions of the examination. The other displaying limits
like thing progression publicize division, channels of
exhibiting, thing life cycle, scale headway procedures and their
impact of Marketing are completely disposed of from the audit
of this examination. So likewise the availability of substitute
aftereffect of normal hold units and their impact on this
organization thing it also rejected in the examination. In
reality, even in the normal store monetary authorities lead also
the researcher concentrate only the urban theorists and their
anxiety for this examination work. The rustic speculator's
perspectives are totally barred from the investigation.
IOSR Journal of Business and Management (IOSR-JBM) is an open access international journal that provides rapid publication (within a month) of articles in all areas of business and managemant and its applications. The journal welcomes publications of high quality papers on theoretical developments and practical applications inbusiness and management. Original research papers, state-of-the-art reviews, and high quality technical notes are invited for publications.
TRADING AND DEMAT BEHAVIOUR OF ACCOUNT HOLDERS IN THE TIRUCHIRAPPALLI CITYIAEME Publication
Investments are now a requirement if you want a secure future. There are several ways to invest, including bank schemes, gold, real estate, post services, mutual funds, etc. The core of the capital market in developing nations like India is comprised of investors. To do this, more savings must be directed onto business sectors. There is a lot of focus on investment as the main tool for a nation's economic development and progress. People invest their money with a variety of goals in mind, including profit, security, appreciation, and stable income. With the aid of stock brokerage companies, many consumers with demat accounts can trade shares electronically at a stock market. The majority of them just seldom and infrequently trade. They might not for a variety of reasons. Investors play a significant role in the stock market since they invest a significant portion of their savings there. Stock regulators should never disregard the logical trading behaviour of stock traders. The current study, whose goal is to ascertain the investing behaviour of those who possess demat and trading accounts in the city of Tiruchirappalli, gains significance in this direction. This study tries to identify additional reasons why investors stop or delay trading and to offer any solutions that could be available.
A synopsis of Final research Report ON Investors' preference on various Investment Avenues in India.
A research report will be generated at the end of the final period evaluating the hypothesis of the reasearch
THE EMPIRICAL STUDY ON INVESTORS RISK PERCEPTION AND BEHAVIOUR OF EQUITY INVE...IAEME Publication
The purpose of this paper is to examine the relationship among the individual behavioural of Equity Investors and his Risk Perception. It explores individual investor’s preferences for Investment choices and provisionally investigates the impacts of risk tolerances and risk perceptions on their investment decisions. A sample of 200 investors using a structured questionnaire from investment avenues in Tiruchirappalli district. The result of analysis have shown that investor’s decisions to make their investment choices are significantly and negatively related to personal income level.
A Study of Behavioural Factors Affecting Individual Investment Decisionsijtsrd
Although finance has been studied for thousands of years, behavioral finance which considers the human behaviour in finance is a pretty new area. Behavioral finance theories, which might be based totally at the psychology, try to apprehend how feelings and cognitive mistakes impact man or woman traders' behaviour buyers referred to on this look at are referred to person traders .The primary goal of this have a look at is exploring the behavioral factors influencing person buyers' selections on the NSE and BSE Stock Exchange. Furthermore, the members of the family among these elements and funding overall performance also are tested. The have a look at begins with the present theories in behavioral finance, based totally on which, hypotheses are proposed. Then, those hypotheses are examined via the questionnaires dispensed to individual buyers on the Broking Firms, college students and professionals. The data collected from the Stock Broking firms, Students, Professionals through structured questionnaire were examined and data collected were analyzed using Cronbachs Alpha Reliability Test, based totally on which, hypotheses are proposed. The result indicates that there are 5 behavioral elements affecting the funding selections of person investors at the NSE and BSE Stock Exchange Herding, Market, Prospect, Overconfidence gamble's fallacy, and Anchoring ability bias. Most of these elements have mild impacts whereas Market element has high affect. This test also tries to discover the correlation among these behavioral factors and investment overall performance. Among the behavioral factors referred to above, best 3 elements are located to influence the Investment Performance Herding inclusive of shopping for and promoting choice of trading shares extent of buying and selling stocks velocity of herding , Prospect such as loss aversion, remorse aversion, and mental accounting , and Heuristic inclusive of overconfidence and gamble's fallacy . The heuristic behaviors are determined to have the highest advantageous impact at the investment overall performance while the herding behaviors are stated to persuade undoubtedly the investment overall performance on the lower degree. In assessment, the possibility behaviors provide the negative impact on the funding overall performance. Pawankumar S Hallale | Manjiri Gadekar "A Study of Behavioural Factors Affecting Individual Investment Decisions" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-3 | Issue-6 , October 2019, URL: https://www.ijtsrd.com/papers/ijtsrd28100.pdf Paper URL: https://www.ijtsrd.com/management/business-economics/28100/a-study-of-behavioural-factors-affecting-individual-investment-decisions/pawankumar-s-hallale
A STUDY ON AWARENESS OF INVESTORS ABOUT THE MUTUAL FUND INVESTMENTS IN MUSIRI...IAEME Publication
Mutual Fund is a vehicle that attracts small and medium investors, thus strengthen the capital market. There are many reasons to invest in mutual funds such as dividend declarations, tax benefits, lesser risk, and value of assets, cost etc. The mutual fund industry in india has undergone a most successful phase in the last 10 years. The AUM has shown a tremendous growth since inception from Rs.25 crore in 1965 to Rs.701443 crore in March 2013. The growth in number of schemes offered by Indian mutual funds from 403 schemes in 2002-03 to 1294 schemes in 2011-12 has shown the inclination of investors towards mutual fund. The resources mobilized by public sector funds is Rs. 314706 crore in 2002-03 and reached to a high of Rs.10, 019,023 crore in 2009-10 of which the share of public sector mutual fund is around 80 percent of the total fund mobilized.
Behavioural Finance Paradigms and Its Influences on Investment Decisions and ...ijtsrd
According to conventional theory of stock market, the institutional investors and individual investors are rational by nature who would like to maximize their wealth within a stipulated period. However, there are many paradigms related to financial behaviour of individuals where it influences their investment decisions, leading to behave in irrational ways. Most of the investor's attitude towards investment states that their attitudinal behaviour always influences their investment decisions and will have an impact on their portfolios, so it clearly states that the psychological aspects of investor's will always have an impact on investment pattern what they choose and helps them to decide their investment avenues. Behavioral finance predicts the trading behavior of investors based on some paradigms in the stock market and is used as a basis for creating more efficient trading strategies for the purpose of maximizing returns. In this research study attempt has been made to understand and explain the impact of behavioural paradigms of financial market influencing on individual trading and investment behaviour around the world as well as the efforts has been made to put forth to find out the paradigms and its reasons for existence and acceptance of behavioural biases in the modern financial theory. In present scenario there are most cases where the performance of the financial market depends on the attitude of investors who invest in criterion portfolio and play a major role towards the investment, so there is a need of studying the above said existing paradigms for the purpose of evaluating the performance of various stocks and shares of the organizations and others in the financial market. And the research has proved that behavioural finance influences the investment decision making and their trading behaviour and also have an impact on the equity market as well. Dr. H. Prakash | Rekha D. M "Behavioural Finance Paradigms and Its Influences on Investment Decisions and Performance of Equity Market- A Study in Bangalore" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-4 | Issue-1 , December 2019, URL: https://www.ijtsrd.com/papers/ijtsrd29614.pdfPaper URL: https://www.ijtsrd.com/management/accounting-and-finance/29614/behavioural-finance-paradigms-and-its-influences-on-investment-decisions-and-performance-of-equity-market--a-study-in-bangalore/dr-h-prakash
International Journal of Business and Management Invention (IJBMI) is an international journal intended for professionals and researchers in all fields of Business and Management. IJBMI publishes research articles and reviews within the whole field Business and Management, new teaching methods, assessment, validation and the impact of new technologies and it will continue to provide information on the latest trends and developments in this ever-expanding subject. The publications of papers are selected through double peer reviewed to ensure originality, relevance, and readability. The articles published in our journal can be accessed online.
5_Saurabh-Agarwal-Sarita v.pdf a study on portfolio management & financial se...vaghasiyadixa1
This research report about portfolio management & financial sector including all the requirements of making research report as per University required.
Similar to FINANCIAL LITERACY ON INVESTMENT PERFORMANCE: THE MEDIATING EFFECT OF BIG-FIVE PERSONALITY TRAITS MODEL (20)
Submission Deadline: 30th September 2022
Acceptance Notification: Within Three Days’ time period
Online Publication: Within 24 Hrs. time Period
Expected Date of Dispatch of Printed Journal: 5th October 2022
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White layer thickness (WLT) formed and surface roughness in wire electric discharge turning (WEDT) of tungsten carbide composite has been made to model through response surface methodology (RSM). A Taguchi’s standard Design of experiments involving five input variables with three levels has been employed to establish a mathematical model between input parameters and responses. Percentage of cobalt content, spindle speed, Pulse on-time, wire feed and pulse off-time were changed during the experimental tests based on the Taguchi’s orthogonal array L27 (3^13). Analysis of variance (ANOVA) revealed that the mathematical models obtained can adequately describe performance within the parameters of the factors considered. There was a good agreement between the experimental and predicted values in this study.
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The prototype of a voice-based ATM for visually impaired using Arduino is to help people who are blind. This uses RFID cards which contain users fingerprint encrypted on it and interacts with the users through voice commands. ATM operates when sensor detects the presence of one person in the cabin. After scanning the RFID card, it will ask to select the mode like –normal or blind. User can select the respective mode through voice input, if blind mode is selected the balance check or cash withdraw can be done through voice input. Normal mode procedure is same as the existing ATM.
IMPACT OF EMOTIONAL INTELLIGENCE ON HUMAN RESOURCE MANAGEMENT PRACTICES AMONG...IAEME Publication
There is increasing acceptability of emotional intelligence as a major factor in personality assessment and effective human resource management. Emotional intelligence as the ability to build capacity, empathize, co-operate, motivate and develop others cannot be divorced from both effective performance and human resource management systems. The human person is crucial in defining organizational leadership and fortunes in terms of challenges and opportunities and walking across both multinational and bilateral relationships. The growing complexity of the business world requires a great deal of self-confidence, integrity, communication, conflict and diversity management to keep the global enterprise within the paths of productivity and sustainability. Using the exploratory research design and 255 participants the result of this original study indicates strong positive correlation between emotional intelligence and effective human resource management. The paper offers suggestions on further studies between emotional intelligence and human capital development and recommends for conflict management as an integral part of effective human resource management.
VISUALISING AGING PARENTS & THEIR CLOSE CARERS LIFE JOURNEY IN AGING ECONOMYIAEME Publication
Our life journey, in general, is closely defined by the way we understand the meaning of why we coexist and deal with its challenges. As we develop the "inspiration economy", we could say that nearly all of the challenges we have faced are opportunities that help us to discover the rest of our journey. In this note paper, we explore how being faced with the opportunity of being a close carer for an aging parent with dementia brought intangible discoveries that changed our insight of the meaning of the rest of our life journey.
A STUDY ON THE IMPACT OF ORGANIZATIONAL CULTURE ON THE EFFECTIVENESS OF PERFO...IAEME Publication
The main objective of this study is to analyze the impact of aspects of Organizational Culture on the Effectiveness of the Performance Management System (PMS) in the Health Care Organization at Thanjavur. Organizational Culture and PMS play a crucial role in present-day organizations in achieving their objectives. PMS needs employees’ cooperation to achieve its intended objectives. Employees' cooperation depends upon the organization’s culture. The present study uses exploratory research to examine the relationship between the Organization's culture and the Effectiveness of the Performance Management System. The study uses a Structured Questionnaire to collect the primary data. For this study, Thirty-six non-clinical employees were selected from twelve randomly selected Health Care organizations at Thanjavur. Thirty-two fully completed questionnaires were received.
Living in 21st century in itself reminds all of us the necessity of police and its administration. As more and more we are entering into the modern society and culture, the more we require the services of the so called ‘Khaki Worthy’ men i.e., the police personnel. Whether we talk of Indian police or the other nation’s police, they all have the same recognition as they have in India. But as already mentioned, their services and requirements are different after the like 26th November, 2008 incidents, where they without saving their own lives has sacrificed themselves without any hitch and without caring about their respective family members and wards. In other words, they are like our heroes and mentors who can guide us from the darkness of fear, militancy, corruption and other dark sides of life and so on. Now the question arises, if Gandhi would have been alive today, what would have been his reaction/opinion to the police and its functioning? Would he have some thing different in his mind now what he had been in his mind before the partition or would he be going to start some Satyagraha in the form of some improvement in the functioning of the police administration? Really these questions or rather night mares can come to any one’s mind, when there is too much confusion is prevailing in our minds, when there is too much corruption in the society and when the polices working is also in the questioning because of one or the other case throughout the India. It is matter of great concern that we have to thing over our administration and our practical approach because the police personals are also like us, they are part and parcel of our society and among one of us, so why we all are pin pointing towards them.
A STUDY ON TALENT MANAGEMENT AND ITS IMPACT ON EMPLOYEE RETENTION IN SELECTED...IAEME Publication
The goal of this study was to see how talent management affected employee retention in the selected IT organizations in Chennai. The fundamental issue was the difficulty to attract, hire, and retain talented personnel who perform well and the gap between supply and demand of talent acquisition and retaining them within the firms. The study's main goals were to determine the impact of talent management on employee retention in IT companies in Chennai, investigate talent management strategies that IT companies could use to improve talent acquisition, performance management, career planning and formulate retention strategies that the IT firms could use. The respondents were given a structured close-ended questionnaire with the 5 Point Likert Scale as part of the study's quantitative research design. The target population consisted of 289 IT professionals. The questionnaires were distributed and collected by the researcher directly. The Statistical Package for Social Sciences (SPSS) was used to collect and analyse the questionnaire responses. Hypotheses that were formulated for the various areas of the study were tested using a variety of statistical tests. The key findings of the study suggested that talent management had an impact on employee retention. The studies also found that there is a clear link between the implementation of talent management and retention measures. Management should provide enough training and development for employees, clarify job responsibilities, provide adequate remuneration packages, and recognise employees for exceptional performance.
ATTRITION IN THE IT INDUSTRY DURING COVID-19 PANDEMIC: LINKING EMOTIONAL INTE...IAEME Publication
Globally, Millions of dollars were spent by the organizations for employing skilled Information Technology (IT) professionals. It is costly to replace unskilled employees with IT professionals possessing technical skills and competencies that aid in interconnecting the business processes. The organization’s employment tactics were forced to alter by globalization along with technological innovations as they consistently diminish to remain lean, outsource to concentrate on core competencies along with restructuring/reallocate personnel to gather efficiency. As other jobs, organizations or professions have become reasonably more appropriate in a shifting employment landscape, the above alterations trigger both involuntary as well as voluntary turnover. The employee view on jobs is also afflicted by the COVID-19 pandemic along with the employee-driven labour market. So, having effective strategies is necessary to tackle the withdrawal rate of employees. By associating Emotional Intelligence (EI) along with Talent Management (TM) in the IT industry, the rise in attrition rate was analyzed in this study. Only 303 respondents were collected out of 350 participants to whom questionnaires were distributed. From the employees of IT organizations located in Bangalore (India), the data were congregated. A simple random sampling methodology was employed to congregate data as of the respondents. Generating the hypothesis along with testing is eventuated. The effect of EI and TM along with regression analysis between TM and EI was analyzed. The outcomes indicated that employee and Organizational Performance (OP) were elevated by effective EI along with TM.
INFLUENCE OF TALENT MANAGEMENT PRACTICES ON ORGANIZATIONAL PERFORMANCE A STUD...IAEME Publication
By implementing talent management strategy, organizations would have the option to retain their skilled professionals while additionally working on their overall performance. It is the course of appropriately utilizing the ideal individuals, setting them up for future top positions, exploring and dealing with their performance, and holding them back from leaving the organization. It is employee performance that determines the success of every organization. The firm quickly obtains an upper hand over its rivals in the event that its employees having particular skills that cannot be duplicated by the competitors. Thus, firms are centred on creating successful talent management practices and processes to deal with the unique human resources. Firms are additionally endeavouring to keep their top/key staff since on the off chance that they leave; the whole store of information leaves the firm's hands. The study's objective was to determine the impact of talent management on organizational performance among the selected IT organizations in Chennai. The study recommends that talent management limitedly affects performance. On the off chance that this talent is appropriately management and implemented properly, organizations might benefit as much as possible from their maintained assets to support development and productivity, both monetarily and non-monetarily.
A STUDY OF VARIOUS TYPES OF LOANS OF SELECTED PUBLIC AND PRIVATE SECTOR BANKS...IAEME Publication
Banking regulations act of India, 1949 defines banking as “acceptance of deposits for the purpose of lending or investment from the public, repayment on demand or otherwise and withdrawable through cheques, drafts order or otherwise”, the major participants of the Indian financial system are commercial banks, the financial institution encompassing term lending institutions. Investments institutions, specialized financial institution and the state level development banks, non banking financial companies (NBFC) and other market intermediaries such has the stock brokers and money lenders are among the oldest of the certain variants of NBFC and the oldest market participants. The asset quality of banks is one of the most important indicators of their financial health. The Indian banking sector has been facing severe problems of increasing Non- Performing Assets (NPAs). The NPAs growth directly and indirectly affects the quality of assets and profitability of banks. It also shows the efficiency of banks credit risk management and the recovery effectiveness. NPA do not generate any income, whereas, the bank is required to make provisions for such as assets that why is a double edge weapon. This paper outlines the concept of quality of bank loans of different types like Housing, Agriculture and MSME loans in state Haryana of selected public and private sector banks. This study is highlighting problems associated with the role of commercial bank in financing Small and Medium Scale Enterprises (SME). The overall objective of the research was to assess the effect of the financing provisions existing for the setting up and operations of MSMEs in the country and to generate recommendations for more robust financing mechanisms for successful operation of the MSMEs, in turn understanding the impact of MSME loans on financial institutions due to NPA. There are many research conducted on the topic of Non- Performing Assets (NPA) Management, concerning particular bank, comparative study of public and private banks etc. In this paper the researcher is considering the aggregate data of selected public sector and private sector banks and attempts to compare the NPA of Housing, Agriculture and MSME loans in state Haryana of public and private sector banks. The tools used in the study are average and Anova test and variance. The findings reveal that NPA is common problem for both public and private sector banks and is associated with all types of loans either that is housing loans, agriculture loans and loans to SMES. NPAs of both public and private sector banks show the increasing trend. In 2010-11 GNPA of public and private sector were at same level it was 2% but after 2010-11 it increased in many fold and at present there is GNPA in some more than 15%. It shows the dark area of Indian banking sector.
EXPERIMENTAL STUDY OF MECHANICAL AND TRIBOLOGICAL RELATION OF NYLON/BaSO4 POL...IAEME Publication
An experiment conducted in this study found that BaSO4 changed Nylon 6's mechanical properties. By changing the weight ratios, BaSO4 was used to make Nylon 6. This Researcher looked into how hard Nylon-6/BaSO4 composites are and how well they wear. Experiments were done based on Taguchi design L9. Nylon-6/BaSO4 composites can be tested for their hardness number using a Rockwell hardness testing apparatus. On Nylon/BaSO4, the wear behavior was measured by a wear monitor, pinon-disc friction by varying reinforcement, sliding speed, and sliding distance, and the microstructure of the crack surfaces was observed by SEM. This study provides significant contributions to ultimate strength by increasing BaSO4 content up to 16% in the composites, and sliding speed contributes 72.45% to the wear rate
ROLE OF SOCIAL ENTREPRENEURSHIP IN RURAL DEVELOPMENT OF INDIA - PROBLEMS AND ...IAEME Publication
The majority of the population in India lives in villages. The village is the back bone of the country. Village or rural industries play an important role in the national economy, particularly in the rural development. Developing the rural economy is one of the key indicators towards a country’s success. Whether it be the need to look after the welfare of the farmers or invest in rural infrastructure, Governments have to ensure that rural development isn’t compromised. The economic development of our country largely depends on the progress of rural areas and the standard of living of rural masses. Village or rural industries play an important role in the national economy, particularly in the rural development. Rural entrepreneurship is based on stimulating local entrepreneurial talent and the subsequent growth of indigenous enterprises. It recognizes opportunity in the rural areas and accelerates a unique blend of resources either inside or outside of agriculture. Rural entrepreneurship brings an economic value to the rural sector by creating new methods of production, new markets, new products and generate employment opportunities thereby ensuring continuous rural development. Social Entrepreneurship has the direct and primary objective of serving the society along with the earning profits. So, social entrepreneurship is different from the economic entrepreneurship as its basic objective is not to earn profits but for providing innovative solutions to meet the society needs which are not taken care by majority of the entrepreneurs as they are in the business for profit making as a sole objective. So, the Social Entrepreneurs have the huge growth potential particularly in the developing countries like India where we have huge societal disparities in terms of the financial positions of the population. Still 22 percent of the Indian population is below the poverty line and also there is disparity among the rural & urban population in terms of families living under BPL. 25.7 percent of the rural population & 13.7 percent of the urban population is under BPL which clearly shows the disparity of the poor people in the rural and urban areas. The need to develop social entrepreneurship in agriculture is dictated by a large number of social problems. Such problems include low living standards, unemployment, and social tension. The reasons that led to the emergence of the practice of social entrepreneurship are the above factors. The research problem lays upon disclosing the importance of role of social entrepreneurship in rural development of India. The paper the tendencies of social entrepreneurship in India, to present successful examples of such business for providing recommendations how to improve situation in rural areas in terms of social entrepreneurship development. Indian government has made some steps towards development of social enterprises, social entrepreneurship, and social in- novation, but a lot remains to be improved.
OPTIMAL RECONFIGURATION OF POWER DISTRIBUTION RADIAL NETWORK USING HYBRID MET...IAEME Publication
Distribution system is a critical link between the electric power distributor and the consumers. Most of the distribution networks commonly used by the electric utility is the radial distribution network. However in this type of network, it has technical issues such as enormous power losses which affect the quality of the supply. Nowadays, the introduction of Distributed Generation (DG) units in the system help improve and support the voltage profile of the network as well as the performance of the system components through power loss mitigation. In this study network reconfiguration was done using two meta-heuristic algorithms Particle Swarm Optimization and Gravitational Search Algorithm (PSO-GSA) to enhance power quality and voltage profile in the system when simultaneously applied with the DG units. Backward/Forward Sweep Method was used in the load flow analysis and simulated using the MATLAB program. Five cases were considered in the Reconfiguration based on the contribution of DG units. The proposed method was tested using IEEE 33 bus system. Based on the results, there was a voltage profile improvement in the system from 0.9038 p.u. to 0.9594 p.u.. The integration of DG in the network also reduced power losses from 210.98 kW to 69.3963 kW. Simulated results are drawn to show the performance of each case.
APPLICATION OF FRUGAL APPROACH FOR PRODUCTIVITY IMPROVEMENT - A CASE STUDY OF...IAEME Publication
Manufacturing industries have witnessed an outburst in productivity. For productivity improvement manufacturing industries are taking various initiatives by using lean tools and techniques. However, in different manufacturing industries, frugal approach is applied in product design and services as a tool for improvement. Frugal approach contributed to prove less is more and seems indirectly contributing to improve productivity. Hence, there is need to understand status of frugal approach application in manufacturing industries. All manufacturing industries are trying hard and putting continuous efforts for competitive existence. For productivity improvements, manufacturing industries are coming up with different effective and efficient solutions in manufacturing processes and operations. To overcome current challenges, manufacturing industries have started using frugal approach in product design and services. For this study, methodology adopted with both primary and secondary sources of data. For primary source interview and observation technique is used and for secondary source review has done based on available literatures in website, printed magazines, manual etc. An attempt has made for understanding application of frugal approach with the study of manufacturing industry project. Manufacturing industry selected for this project study is Mahindra and Mahindra Ltd. This paper will help researcher to find the connections between the two concepts productivity improvement and frugal approach. This paper will help to understand significance of frugal approach for productivity improvement in manufacturing industry. This will also help to understand current scenario of frugal approach in manufacturing industry. In manufacturing industries various process are involved to deliver the final product. In the process of converting input in to output through manufacturing process productivity plays very critical role. Hence this study will help to evolve status of frugal approach in productivity improvement programme. The notion of frugal can be viewed as an approach towards productivity improvement in manufacturing industries.
A MULTIPLE – CHANNEL QUEUING MODELS ON FUZZY ENVIRONMENTIAEME Publication
In this paper, we investigated a queuing model of fuzzy environment-based a multiple channel queuing model (M/M/C) ( /FCFS) and study its performance under realistic conditions. It applies a nonagonal fuzzy number to analyse the relevant performance of a multiple channel queuing model (M/M/C) ( /FCFS). Based on the sub interval average ranking method for nonagonal fuzzy number, we convert fuzzy number to crisp one. Numerical results reveal that the efficiency of this method. Intuitively, the fuzzy environment adapts well to a multiple channel queuing models (M/M/C) ( /FCFS) are very well.
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2. Elemental Economics - Mineral demand.pdfNeal Brewster
After this second you should be able to: Explain the main determinants of demand for any mineral product, and their relative importance; recognise and explain how demand for any product is likely to change with economic activity; recognise and explain the roles of technology and relative prices in influencing demand; be able to explain the differences between the rates of growth of demand for different products.
STREETONOMICS: Exploring the Uncharted Territories of Informal Markets throug...sameer shah
Delve into the world of STREETONOMICS, where a team of 7 enthusiasts embarks on a journey to understand unorganized markets. By engaging with a coffee street vendor and crafting questionnaires, this project uncovers valuable insights into consumer behavior and market dynamics in informal settings."
This presentation poster infographic delves into the multifaceted impacts of globalization through the lens of Nike, a prominent global brand. It explores how globalization has reshaped Nike's supply chain, marketing strategies, and cultural influence worldwide, examining both the benefits and challenges associated with its global expansion.
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Understanding how timely GST payments influence a lender's decision to approve loans, this topic explores the correlation between GST compliance and creditworthiness. It highlights how consistent GST payments can enhance a business's financial credibility, potentially leading to higher chances of loan approval.
BONKMILLON Unleashes Its Bonkers Potential on Solana.pdfcoingabbar
Introducing BONKMILLON - The Most Bonkers Meme Coin Yet
Let's be real for a second – the world of meme coins can feel like a bit of a circus at times. Every other day, there's a new token promising to take you "to the moon" or offering some groundbreaking utility that'll change the game forever. But how many of them actually deliver on that hype?
Abhay Bhutada Leads Poonawalla Fincorp To Record Low NPA And Unprecedented Gr...Vighnesh Shashtri
Under the leadership of Abhay Bhutada, Poonawalla Fincorp has achieved record-low Non-Performing Assets (NPA) and witnessed unprecedented growth. Bhutada's strategic vision and effective management have significantly enhanced the company's financial health, showcasing a robust performance in the financial sector. This achievement underscores the company's resilience and ability to thrive in a competitive market, setting a new benchmark for operational excellence in the industry.
BYD SWOT Analysis and In-Depth Insights 2024.pptxmikemetalprod
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This SWOT analysis examines BYD's strengths, weaknesses, opportunities, and threats as it competes in the fast-changing automotive and energy storage industries.
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2. Financial Literacy on Investment Performance: The Mediating Effect of Big-Five Personality Traits Model
https://iaeme.com/Home/journal/IJM 783 editor@iaeme.com
1. INTRODUCTION
In general, behavioural finance is enclosed by the implementation of human psychology. It
displays the behaviour as cognitive and affective (Hamza & Arif, 2019). According to Statman,
“Some people think that behavioural finance introduced psychology into finance, but
psychology was never out of finance. Although models of behaviour differ, all behaviour is
based on psychology”. In the present scenario, investors are motivated to participate in
innovative financial products and financial instruments in the markets. Decisions of investors
have emerged with their awareness of market dynamics and the psyche. Prediction about
investors’ behavior may difficult task so far (Rehan et al., 2019). Investors make their final
decision with investment securities, alternative opportunities in investments, better outcomes,
and so on. Firstly, an investor needs to know the antecedents of financial markets which means
investors who are financially literate for smooth flow of financial activities and optimal returns
from that particular avenue (Rasool & Ullah, 2019). (Zucchi, 2018) discussed that financial
literacy issues not only rise in developing countries also occur in rich and developed financial
markets encountered financial losses because of improper planning, inability to sort the
uncertainties in the markets. This research examine the impact of financial literacy on
investment performance with the mediation of Big Five Personality traits of the investors.
1.1. Objectives of the Research
• to evaluate the influence of financial literacy on investment performances
• to examine the role of Big Five personality traits in the relationship between financial
literacy and investment performance
• to determine the performance of investors with the support of personality traits and
financial literacy
2. LITERARY REVISED
2.1. Financial Literacy
Financial literacy was introduced in the United States. The term is defined as ‘‘the ability to
use knowledge and skills to manage one’s financial resources effectively for lifetime financial
security’’ (Stolper & Walter, 2017). Financial literacy was conveyed through information and
understandings (Alaaraj & Bakri, 2019). According to Organisation for Economic Co-operation
and Development (OECD) defines financial literacy is not only about knowledge and
understanding the concepts and risk aspects. It also focuses on motivation, confidence, and
skills to implement such knowledge and the ability to make better decisions across a range
(Lusardi, 2019). “Individuals use a combination of skills, resources, and contextual knowledge
to process information and make decisions with knowledge of the financial consequences of
that decision” (Edirisinghe, et al., 2017). Irrational behaviour among investors is mainly due to
the absence of financial knowledge, which has been emphasized mainly in the arena of
behavioural finance (Friedman & Kraus, 2011). It improves the decisions keep the view in both
short-term as well as long-term investments (Mandell, 2008) and it is high among particular
gender, age, qualifications, and income (Lusardi and Mitchell, 2007; 2008). Investors must take
initiative to educate themselves and expand their financial knowledge (Banthia & Dey, 2019).
2.2. Personality Traits: Big Five Model
Personality means “that pattern of characteristic thoughts, feelings, and behaviors” (Phares,
1991). Investor personality is a vital role in defining behaviour of investors and their
performances (Phung & Khuong, 2016). Investment Decision-making is a result of investors’
investment intention and it is highly influenced by investors’ personality and disposition
3. Arul Ramanatha Pillai and Arvindh Rajasekar
https://iaeme.com/Home/journal/IJM 784 editor@iaeme.com
towards risk (Sarwar et al., 2019). Personality traits incorporates main five dimensions viz,
extraversion, agreeableness, conscientious, openness to experience, and neuroticism
(Emotional Stability) (Goldberg, 1990; McCrae & Costa, 1997). Extraversion deals with
gregariousness, assertiveness, excitement seeking, and being person-oriented (John &
Srivastava, 1999), Agreeableness displays vengefulness, mistrust, callousness, and entitlement
(Shiner, 2009), Conscientiousness represents the characteristics of dutiful, goal-oriented, and
plantful (John & Srivastava, 1999), Openness to experience expresses an individual’s creativity,
originality, appreciation and finally intellectual curiosity (John & Srivastava, 1999), and
Neuroticism or emotional stability means severe emotional distress, affective liability,
depression, low frustration, insecure attachments (Lau, 2013). Personality traits plays major
role in financial decisions. Most of the studies shows that the agreeableness, conscientiousness,
and neuroticism has negative impacts. In another hand, extroversion and openness to experience
has positively impact on investment decisions (Nicholson et.al, 2005).
2.3. Investment Performance
In recent scenario, behavioural finance is an integral part of the investment decision. Obviously,
it is highly impacts the investors’ performance (Kengatharan & Kengatharan, 2014). Mostly
the investors performing the financial attitude which is based on their previous performances.
So that the investors’ decision regarding buying or selling is influenced by their performances
(Amir Rafique et al., 2019). Professionals are expected to perform as: “challenging
conventional assumptions of doing business, identifying risks, and seizing opportunities;
integrating sustainability issues into strategy, operations, and reporting; redefining success in
the context of achieving sustainable value creation; establishing appropriate performance goals
and targets; encouraging and rewarding the right behaviors; and ensuring that the necessary
information, analysis, and insights are available to support decision making” (IFAC, 2011). The
investment performance of professionals were evaluated by periodic assessment of financial
activities and comparisons of peer investors (Kallinterakis et.al, 2010).
3. METHODOLOGY
The researcher identify the research gap from the previous study (Hamza & Arif, 2019) and the
present study’ was derived as impact of financial literacy on investment performance of the
investors with mediating effect of big five personality traits.
3.1. Sample
The present study focus on individual investors in Tamil Nadu. The researcher used stratified
random sampling technique to collect data. The survey was conducted in metropolitan cities
(Chennai, Coimbatore, Madurai, Salem, and Tiruchirappalli) in Tamil Nadu State. The survey
instrument was issued to 1000 individual investors. Out of that, 863 were confirmed for the
final analysis.
3.2. Measures
In this research, there is three variables are financial literacy is considered as independent
variable, Big Five Personality traits is treated as mediating variable and investment performance
is displayed as dependent variable. A structured questionnaire were used with the support of
pre-defined measurement scales. The Financial Literacy has 20–items were adopted from
Bongomin et. al (2018), Big Five Personality traits has 44-items were adopted from John, O.
P., & Srivastava, S. (1999), and Investment Performance has 4-items were derived from Le
Phuoc Luong & Doan Thi Thu Ha (2011),
4. Financial Literacy on Investment Performance: The Mediating Effect of Big-Five Personality Traits Model
https://iaeme.com/Home/journal/IJM 785 editor@iaeme.com
3.3. Conceptual Model and Hypotheses Development
The conceptual model is framed with the support of previous studies. This model shows that
the relationship of financial literacy, Big Five personality traits, and investment performance of
the individual investors.
Figure 1 Conceptual Model of the relationship between Financial Literacy on Investment Performance
3.4. Hypotheses Development
H1: Financial literacy is positively and significantly related to Extraversion
H2: Financial literacy is positively and significantly related to Agreeableness
H3: Financial literacy is positively and significantly related to Conscientiousness
H4: Financial literacy is positively and significantly related to Openness to Experience
H5: Financial literacy is positively and significantly related to Emotional Stability
H6: Extraversion is positively and significantly related to investment performance
H7: Agreeableness is positively and significantly related to investment performance
H8: Conscientiousness is positively and significantly related to investment performance
H9: Openness to Experience is positively and significantly related to investment performance
H10: Emotional Stability is positively and significantly related to investment performance
H11: Personality traits mediates the relationship between financial literacy and investment
performance
4. ANALYSIS AND INTERPRETATION
4.1. Demographics of Respondents
Among 863 respondents, 474 were males (54.9%) and 389 were females (45.1%). In age
category, 235 (27.2%) respondents were between 18 years and 31 years, 388 (45.0%) were
between 32 years and 45 years, 199 (23.1) were between 46 years and 59 years, and 41 (4.8%)
were 60 years and above. In marital status, 257 (29.8%) were married and 606 (70.2%) were
unmarried. With regard to educational qualification, 42 (4.9%) had intermediate (+2) or less,
183 (21.2%) had undergraduate degrees, 448 (51.9%) had postgraduate degrees, and 190
(22.0%) had doctoral degree and others. Under monthly income, 312 (36.2%) had income under
25,000, 286 (33.1%) had income between 25,001 and 50,000, 167 (19.4%) had income under
50,001 and 75,000, 59 (6.8%) had income between 75,001 and 1,00,000 and 39 (4.5%) had
5. Arul Ramanatha Pillai and Arvindh Rajasekar
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income over 1,00,001. 123 (14.3%) were adventurous investors, 288 (33.4%) were cautious
investors, 378 (43.8%) were balanced investors, and 100 (8.6%) were prudent investors. 240
(27.8%) preferred to invest in the primary markets, 226 (26.2%) preferred to invest in the
secondary markets, and 397 (46.0%) were preferred to invest in the both primary and secondary
markets.
Table 1 Descriptive Statistics (Mean and Standard of Deviation)
Variables Items Alpha Mean Sd
Big Five Personality
Traits
(I see myself as
someone who…...)
Extraversion:
is talkative
is reserved
is full of energy
generates a lot of enthusiasm
tends to be quiet
owns an assertive personality
is shy and inhibited
is outgoing and sociable
Agreeableness:
tends to find fault with others
is helpful and unselfish with others
quarrels with others
is forgiving others
is generally trusting others
can be cold and aloof
is considerate and kind to everyone
is rude to others
likes to cooperate with others
Conscientiousness:
does a thorough job
can be careless
is a reliable worker
is disorganized
is lazy
perseveres until the task is finished
does things efficiently
makes plans and follows through with them
is easily distracted
Emotional Stability:
is depressed and blue
is relaxed and handles stress well
is tensed
worries a lot
is emotionally stable and not easily upset
is moody
remains calm in tense situations
is nervous
Openness to Experience:
is original, comes up with new ideas
is curious about many different things
is ingenious and a deep thinker
has an active imagination
is inventive
values artistic and aesthetic experiences
prefers work that is routine
likes to reflect and play with ideas
has a few artistic interests
is sophisticated in art/ music/ literature
0.94 3.540
3.333
3.491
3.435
3.267
3.231
3.017
3.354
3.152
3.354
3.089
3.371
3.330
3.141
3.349
2.903
3.305
3.580
3.057
3.472
3.132
2.961
3.267
3.301
3.267
3.085
3.234
3.305
3.144
3.157
3.206
2.995
3.157
3.062
3.506
3.395
3.360
3.433
3.375
3.313
3.263
3.315
3.289
3.345
1.128
1.051
0.961
0.968
0.998
0.960
1.019
1.030
1.254
1.059
1.132
1.026
1.020
1.006
1.003
1.186
1.117
1.136
1.146
0.988
1.151
1.158
1.041
1.044
1.049
1.145
1.248
1.001
1.110
1.092
1.043
1.064
1.083
1.138
1.132
0.987
1.002
0.974
1.051
1.016
1.016
1.017
1.087
1.094
Financial Literacy
Knowledge:
In this household, members are Knowledgeable
about financial risks
0.92 3.356 1.105
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In this household, members are knowledgeable about
costs associated with financial products/services
In this household, members can easily compute
interest rates
In this household, members can easily understand
simple financial terms
In this household, members have knowledge of key
features of financial products/services
Skills:
Members of my household have the ability to prepare
a personal budget
In this household, members have the ability to decide
what financial services to choose
In this household, members have the ability to
accurately determine benefits from financial
Dealings
In this household, members have the ability to
accurately determine costs from financial
Dealings
In this household, members are capable of evaluating
the different financial products and Services
Attitudes:
Members of this household have good attitude
towards saving money
Members of this household have good attitude
towards spending money responsibly
In this household, members find it easy to save
money
In this household, members enjoy spending money
Members of this household are always organized in
regards to managing money
Behaviour:
In this household, we always read the terms and
conditions on use of financial products/services
In this household, members always look to saving
money
In this household, members always look to spending
money
Members of this household always keep aside some
money for their future use
Members of this household always choose financial
products that suits their needs and conditions
3.382
3.183
3.187
3.143
3.149
3.203
3.213
3.181
3.195
3.344
3.265
3.266
3.037
3.056
3.104
3.224
3.201
3.113
3.197
1.103
1.024
1.098
1.057
1.054
1.077
1.067
1.038
1.138
1.247
1.173
1.118
1.108
1.170
1.189
1.153
1.196
1.181
1.144
Investment
Performance
The rate of return of my recent stock investment
meets my Expectations
My rate of return is less than the average rate of
return of the market
I do not care about the affects of the financial market
on my return, as long as I am able to beat inflation
I feel satisfied with my investment decisions in the
last year (including selling, buying, choosing and
deciding on stock volumes)
0.76 3.151
3.531
3.451
3.358
1.195
1.053
1.021
1.005
Source: Field Data
7. Arul Ramanatha Pillai and Arvindh Rajasekar
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Table 2 Correlation Analysis
Variable Correlation
Big Five Personality Traits 1 .954** .940**
Financial Literary .954** 1 .917**
Investment Performance .940** .917** 1
Source: Field Data (** Correlation is significant at the 0.01 level)
From the analysis, the descriptive statistics, including means and standard deviation are
displayed in Table 1. The comparison of mean and standard deviation between these constructs.
In this research, the value extracted for three of the variables exceed that significant level of
0.50.
The preliminary analysis of correlation analysis exhibits the significant level at .001. It
shows that the lowest correlation was 0.917 between educational qualification and big five
personality traits and the highest correlation was 0.975 between financial literary and
investment performance. Hence, there is a positive and significant association between the
financial literacy and investment performance of an investors in Metropolitan City.
Table 3 Summary of Hypotheses Development
Hypotheses Result
Financial literacy is positively and significantly related to Extraversion Supported
Financial literacy is positively and significantly related to Agreeableness Supported
Financial literacy is positively and significantly related to Conscientiousness Supported
Financial literacy is positively and significantly related to Openness to
Experience
Supported
Financial literacy is positively and significantly related to Emotional Stability Supported
Extraversion is positively and significantly related to investment performance Supported
Agreeableness is positively and significantly related to investment performance Supported
Conscientiousness is positively and significantly related to investment
performance
Supported
Openness to Experience is positively and significantly related to investment
performance
Supported
Emotional Stability is positively and significantly related to investment
performance
Supported
Personality traits mediates the relationship between financial literacy and
investment performance
Supported
5. RESULT AND DISCUSSION
Most of the investors makes decision with their financial literacy. The investment performance
obviously based on financial literacy. The result parades that there is positive and significant
relationship is exist between financial literacy and investment performance. There is highly
positive impact of extraversion and openness to experience on investment performance. But
there is positive and significant association of agreeableness, conscientiousness and emotional
stability on investment performance. Financial literacy regulates the irrational activities in
investment decision-making and enlightens their performance (Alessie, 2011; Lusard and
Mitchell, 2007; Shakir Ullah, 2015).
Financial literacy and personality traits was one of the most persuasive forces to develop
financial inclusion. Proper knowledge about various financial services prejudiced intensely in
getting access and spreading other services. The expansion of financial education programs
boost-up the financial knowledge of an employees, investors as well as the policymakers. Most
of the organizations are presenting financial literacy programs which is support managers to
8. Financial Literacy on Investment Performance: The Mediating Effect of Big-Five Personality Traits Model
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enrich their financial literacy. In other perspectives, some organizations also providing
counselling services on financial activities to the investors after evaluating their profile and
investment attitude. Future research may scrutinise the effects of financial literacy on
investment strategy and risk tolerance.
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