Social and Psychological Predictors of Investment Activity of Russians
https://doi.org/10.26794/2308-944X-2019-7-4-13-19
Abstract
The level of investment activity among Russians is rather low; that is why the understanding it predictors is of great importance. First, I presented an overview of Russian and international studies of psychological aspects of investment behaviour. Further, I discussed the results of the empirical research using the following sample: 360 respondents from 18 to 68 years old (average age 26 years). In my research, I used methods: socio-demographic characteristics, investment activity, including cognitive and behavioural readiness to invest in different financial instruments, and calculated index of investment activity. As concerns implementation of specific psychodiagnostic methods, I used the Questionnaire of tolerance and intolerance to ambiguity, Personal factors of decision-making, Semantic differential, and Big Five short portrait questionnaire (BF 5–10). The predictors of Russians’ investment activity, including their willingness to invest in cryptocurrencies, show a positive perception of bitcoin, high emotional stability, low intolerance to uncertainty, low rationality, and low kindness to other people.
Keywords
economic psychology,
investment activity,
financial instruments,
crypto-currency,
psychological factors of investment activities
Supporting agencies: The work was carried out with the financial support of the Russian Foundation for Basic Research (RFBR), grant No. 18–013–01232А “Psychological factors and mechanisms of investment behaviour of Russians with different levels of financial literacy”.
About the Author
M. Gagarina
Financial University; Institute of Psychology of the Russian Academy of Science
Russian Federation
Russian Federation
Maria Gagarina
Ph.D. in Psychology, Associate Professor, Department of Personnel Management and Psychology
Researcher at the Laboratory of Social and Economic Psychology
AuthorID: 691608; SPIN: 9851–4568; ResearcherID: AAD‑3036–2019; ScopusID: 15623077800
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For citations:
Gagarina M. Social and Psychological Predictors of Investment Activity of Russians. Review of Business and Economics Studies. 2019;7(4):13-19. https://doi.org/10.26794/2308-944X-2019-7-4-13-19
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