Open AccessRisk Perceptions Of Individual Vs. Institutional Investors: A Comparison Based On The Johannesburg Stock Exchange
Author(s) -
Colin Firer,
Michael Colin Oliver,
Gail E. Farrelly
Publication year - 2011
Publication title -
journal of applied business research
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.149
H-Index - 22
eISSN - 2157-8834
pISSN - 0892-7626
DOI - 10.19030/jabr.v5i4.6328
Subject(s) - stock exchange , perception , business , institutional investor , risk perception , order (exchange) , actuarial science , stock (firearms) , market risk , economics , financial economics , psychology , finance , geography , corporate governance , archaeology , neuroscience
This paper examines risk at the individual, as opposed to the market, level. By means of questionnaires, individuals risk perceptions are collected and then correlated with other measures of risk. The survey was conducted for individual investors and investment analysis in order to determine if appreciable differences exist between the two sets of respondents. The results are consistent with previous research which suggests that investors consider total risk in their share assessments. The evidence also indicates no significant differences in the risk perceptions of investors vs. those of analysts.