An Empirical Investigation on Behavioral Determinants of Perceived Investment Performance; Evidence from Karachi Stock Exchange

Abstract

The study aims to explore behavioral determinants of perceived investment performance from Karachi Stock Exchange. Risk perception is mediating the process while financial literacy has moderation role in this study. Data are collected from the sample of 150 perceived investors of Karachi Stock Exchange. For the purpose of data collection study uses adopted questionnaire. Results are indicating that both framing and herding effects have a positive significant relationship with perceived investment performance. Mediation is not established and financial literacy shows moderating relationship with framing effect and perceived investment performance.

Keywords: Behavioral determinants, Risk Perception, Financial Literacy, Perceived Investment Performance, Pakistan