Earticle

초록

영어

Individuals may seek and read other’s opinions, or they may want to interact with others after participating in virtual communities. Information, opinions, or advice in virtual communities may drive individuals to make decisions. However, the value of the information may vary from person to person. Individual perceptions and experiences will influence how she or he forms different evaluation for the same content of information. Our study thus investigates how individuals process others’ opinions on stock message boards for their investment decisions, particularly when they have different levels of investment return. Their gain/loss of wealth may influence investors’ information processing behavior. Behavioral finance literature argues that self-attribution bias influences an investor’s learning process. The self-attribution bias suggests that investors who lose money after basing their decisions on other’s opinions may subsequently value other’s opinions less, while those who profited from investments after using other’s opinions may overestimate their own investment-related abilities. In the context of online stock message boards, we investigate the influence of investment returns on investors’ information processing behavior, starting with an exploration of how they attribute their success or failure to either themselves or other investors on stock message boards.

목차

Abstract
 Introduction
 Literature Review
 Hypotheses and Research Model
 Research Methodology
  Research context
  Questionnaire design and refinement
  Sample
  Main variables, scale items, reliability, and convergent validity
 References

키워드

저자

• HyunMo Kim [ School of Management, Kyung Hee University ]
• KyungSeok Ryu [ School of Management, Kyung Hee University ]
• JaeHong Park [ School of Management, Kyung Hee University ] Corresponding author

참고문헌

발행기관

간행물

표지보기 관심저널 등록

• 간행물명

  한국경영정보학회 정기 학술대회 [KMIS Conference]

• 간기

  반년간

• 수록기간

  1990~2025

• 십진분류

  KDC 325 DDC 658