Effect of Self-Attribution Bias on Investment in the Rwandan Stock Market

Effect of Self-Attribution Bias on Investment in the Rwandan Stock Market

Jacob N. Mahina

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Muturi Willy

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Memba Florence

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University of Tourism, Technology and Business studies (UTB)

Effect of Self-Attribution Bias on Investment in the Rwandan Stock Market

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Abstract

The main objective of this study was to establish the effect of self-attribution bias on investment in the Rwanda Stock Exchange. The study used cross-sectional descriptive survey research design to ascertain and establish the effect of behavioural biases on investment in the Rwanda stock exchange. The target population comprised of 13,543 individual, group investors at the Rwanda Stock Exchange. Random sampling was used where the targeted population was individual investors to finally yield a sample size of 374 respondents. A questionnaire was used to collect the primary data. A pilot test was undertaken by carrying out a small scale trial run of the research instrument. Data analysis involved the use of descriptive and inferential statistics. A Linear regression model was used to predict the probability of different possibility outcomes of dependent variables, helping to predict the probability of an investor to invest in RSE. The results confirmed that there was a significant positive linear relationship between selfattribution biasand Investment in Rwanda stock market.The study also concluded that most investors suffered from self-attribution bias in investment in stock markets.The study recommends that investors should be keen to identify such bias to increase their rationality in stock trading.

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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.

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Not applicable for this article.

How to Cite This Article

Jacob N. Mahina. 2018. \u201cEffect of Self-Attribution Bias on Investment in the Rwandan Stock Market\u201d. Global Journal of Management and Business Research - C: Finance GJMBR-C Volume 18 (GJMBR Volume 18 Issue C2): .

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GJMBR Volume 18 Issue C2
Pg. 55- 63

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Journal Specifications

Crossref Journal DOI 10.17406/GJMBR

Print ISSN 0975-5853

e-ISSN 2249-4588

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Classification

GJMBR-C Classification: JEL Code: E29

Submission ReceivedDecember 14, 2017
Peer Review Double Blind
Handling Editor
Accepted December 31, 2017
Published January 15, 2018

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v1.2

Issue date

March 30, 2018

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Article Matrices

Total Score: 103

Country: Rwanda

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

Authors: Jacob N. Mahina, Muturi Willy, Memba Florence (PhD/Dr. count: 0)

View Count (all-time): 167

Total Views (Real + Logic): 3110

Total Downloads (simulated): 1610

Publish Date: 2018 03, Fri

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