The role of personality traits in investors trading behaviour: empirical evidence from Greek

Abstract

Purpose The purpose of this paper is to examine whether, and to what extent, specific personality traits drive investors’ trading behaviour. Design/methodology/approach This study investigates these assumptions in an innovative way by employing an integrated model and using structural equation modelling analysis to examine them simultaneously as they would occur in the complex real world environment. Findings The results provide strong evidence that these personality traits influence investors’ trading behaviour and stock trading performance. The most powerful relationships are found to be those between over-confidence and stock trading volume, frequency and performance. Originality/value To the best of the authors’ knowledge there is no any similar study. This paper is the authors’ original unpublished work and it has not been submitted to any other journal for reviews.