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Title: :  Effect of Age on Investment Decisions
PaperId: :  7147
Published in:   International Journal Of Advance Research And Innovative Ideas In Education
Publisher:   IJARIIE
e-ISSN:   2395-4396
Volume/Issue:    Volume 3 Issue 6 2017
DUI:    16.0415/IJARIIE-7147
Licence: :   IJARIIE is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

Author NameAuthor Institute
Shruti MaheshwariBanasthali Vidhyapith
Dr. Manish MittalAcropolis Faculty of Management and Research

Abstract

Management (Finance)
investment objective, age, investment horizon, chi square test
There are different views with reference to age as an influential demographic factor in decision making. Some studies claimed age is just a number and does not represent any constraint or limitation. On the contrary some studies proof that cognitive abilities of an individual declines as he age. The present study is an attempt to analyze the impact of this crucial demographic variable on investment decision making of the individual investors. Five investment characteristics are being included namely investment objective, time horizon, selection parameter, comparison benchmark and portfolio revision. Data is collected from respondents all over India. Chi square test and fisher exact test is been used to analyze the data. The study concludes that age does have an impact over financial decisions of investors. The reported variations in investment preference may be due to varying cognitive abilities or the difference in need and priorities of individuals at different stage of life.

Citations

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IJARIIE Shruti Maheshwari, and Dr. Manish Mittal. "Effect of Age on Investment Decisions" International Journal Of Advance Research And Innovative Ideas In Education Volume 3 Issue 6 2017 Page 1445-1454
MLA Shruti Maheshwari, and Dr. Manish Mittal. "Effect of Age on Investment Decisions." International Journal Of Advance Research And Innovative Ideas In Education 3.6(2017) : 1445-1454.
APA Shruti Maheshwari, & Dr. Manish Mittal. (2017). Effect of Age on Investment Decisions. International Journal Of Advance Research And Innovative Ideas In Education, 3(6), 1445-1454.
Chicago Shruti Maheshwari, and Dr. Manish Mittal. "Effect of Age on Investment Decisions." International Journal Of Advance Research And Innovative Ideas In Education 3, no. 6 (2017) : 1445-1454.
Oxford Shruti Maheshwari, and Dr. Manish Mittal. 'Effect of Age on Investment Decisions', International Journal Of Advance Research And Innovative Ideas In Education, vol. 3, no. 6, 2017, p. 1445-1454. Available from IJARIIE, https://ijariie.com/AdminUploadPdf/Effect_of_Age_on_Investment_Decisions_ijariie7147.pdf (Accessed : ).
Harvard Shruti Maheshwari, and Dr. Manish Mittal. (2017) 'Effect of Age on Investment Decisions', International Journal Of Advance Research And Innovative Ideas In Education, 3(6), pp. 1445-1454IJARIIE [Online]. Available at: https://ijariie.com/AdminUploadPdf/Effect_of_Age_on_Investment_Decisions_ijariie7147.pdf (Accessed : )
IEEE Shruti Maheshwari, and Dr. Manish Mittal, "Effect of Age on Investment Decisions," International Journal Of Advance Research And Innovative Ideas In Education, vol. 3, no. 6, pp. 1445-1454, Nov-Dec 2017. [Online]. Available: https://ijariie.com/AdminUploadPdf/Effect_of_Age_on_Investment_Decisions_ijariie7147.pdf [Accessed : ].
Turabian Shruti Maheshwari, and Dr. Manish Mittal. "Effect of Age on Investment Decisions." International Journal Of Advance Research And Innovative Ideas In Education [Online]. volume 3 number 6 ().
Vancouver Shruti Maheshwari, and Dr. Manish Mittal. Effect of Age on Investment Decisions. International Journal Of Advance Research And Innovative Ideas In Education [Internet]. 2017 [Cited : ]; 3(6) : 1445-1454. Available from: https://ijariie.com/AdminUploadPdf/Effect_of_Age_on_Investment_Decisions_ijariie7147.pdf
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