Evaluating the effect of financing methods and individual characteristics on the behavior of investors

Abstract

The present study has evaluated the effects of financing methods including issue of shares, retained earnings, loans and the sale of assets and investor’s individual characteristics such as age, gender, level of education and investment experience on the behavior of investors. Data collection in this study has been done by questionnaires, in a way that the sample size has been obtained according to Cochran formula and 100 questionnaires have been evaluated and analyzed. Cronbach's alpha test was used to test reliability. The information contained in the questionnaires was evaluated using descriptive statistics and drawing histogram chart and calculations of Pearson and Spearman; and eventually, the testing of hypotheses has been done using a binomial test. The results show that financing methods and individual characteristics of investor (except gender) have effects on the behavior of investors in the Tehran Stock Exchange