How Likely Does Technology Affect Small-Investors Herding Behavior and Their Level of Confidence?

How Likely Does Technology Affect Small-Investors Herding Behavior and Their Level of Confidence?

Mariana Hu

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Magdy Hussein

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Ngai Tsun Chan

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How Likely Does Technology Affect Small-Investors Herding Behavior and Their Level of Confidence?

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Abstract

Technology around us continues to evolve and influence our lives whether we realize it or not. The evolution of technology has enabled people to do more than ever from the comfort of their location with a cell phone signal connected to a smartphone or laptop. Landline phones have become mobile phones for people to communicate anywhere in the world with a cellular signal. Smartphones act as mini computers connected to the internet with the growing number of applications from developers. The speed and computing power of these devices have enabled people to incorporate these devices into their lifestyles. Understanding if these technologies increase or decrease trader’s tendency towards the herding behavior and how it affects their level of confidence is important because it could ultimately affect their trading behaviors. Small-investors are at potential risk because as technology changes, so can the way small-investors trade stocks. Technologies have the ability to influence human behavior in positive or negative way. This study explores the influence of technology on small-investors’ herding behaviors and level of confidence by using a 17 questions survey distributed online and in person. Results from the research, have hinted towards the conclusion that that technology is likely have an increasing effect on stock trader’s herding behavior and level of confidence. Knowledge gained from this research will contribute to area of technology and behavior finance.

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Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

Ethical Approval

No ethics committee approval was required for this article type.

Data Availability

Not applicable for this article.

How to Cite This Article

Mariana Hu. 2017. \u201cHow Likely Does Technology Affect Small-Investors Herding Behavior and Their Level of Confidence?\u201d. Global Journal of Management and Business Research - C: Finance GJMBR-C Volume 17 (GJMBR Volume 17 Issue C1).

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GJMBR Volume 17 Issue C1

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Journal Specifications

Crossref Journal DOI 10.17406/GJMBR

Print ISSN 0975-5853

e-ISSN 2249-4588

Keywords

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Classification

GJMBR-C Classification JEL Code: R53

Submission ReceivedDecember 16, 2016
Peer Review Double Blind
Handling Editor
Accepted January 2, 2017
Published January 15, 2017

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v1.2

Issue date

April 15, 2017

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Article Matrices

Total Score: 132

Country: United States

Subject: Global Journal of Management and Business Research - C: Finance

Authors: Magdy Hussein, Ngai Tsun Chan (PhD/Dr. count: 0)

View Count (all-time): 175

Total Views (Real + Logic): 3505

Total Downloads (simulated): 1700

Publish Date: 2017 04, Sat

Monthly Totals (Real + Logic):

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Total Views: 3505

Total Downloads: 1700

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