تحليل سلوك المستثمر في سوق الكويت للأوراق المالية وفق نموذج تسعير الأصول الرأسمالية

الملخص EN

The aim of the research is to highlight the analysis of investor behavior in the financial markets and to identify the most important behavioral and psychological obstacles that lead to the investor committing a series of personal errors affecting decision making.

For this purpose, the behavior of a group of investors was studied as a sample for research, including 125 investors in the Kuwait Stock Exchange, and use of data (40) companies listed on the market for the period (January 2010 to until June 2014) for the purpose of financial analysis.

The findings of the research: that the process of behavioral analysis is a science concerned with the study of human behavior, and thus is an important scientific approach to change behavior because it involves the analysis of the precedents and the consequences of a particular pattern of behavior, and the results showed a statistically significant effect between the dimensions of investor behavior (7) and the Capital Asset Pricing Model on the Kuwait Stock Exchange.

There is no statistically significant effect between the types of investors (5) and the capital asset pricing model for the same market.

Human influences surrounding the complex and, most irrational behaviors associated with the investor return to their tendency to stick to the form of beliefs and misconceptions resulting from the misconception of some perceptions toward the types of risk they face.

The aim of the research is to highlight the analysis of investor behavior in the financial markets and to identify the most important behavioral and psychological obstacles that lead to the investor committing a series of personal errors affecting decision making.

For this purpose, the behavior of a group of investors was studied as a sample for research, including 125 investors in the Kuwait Stock Exchange, and use of data (40) companies listed on the market for the period (January 2010 to until June 2014) for the purpose of financial analysis.

The findings of the research: that the process of behavioral analysis is a science concerned with the study of human behavior, and thus is an important scientific approach to change behavior because it involves the analysis of the precedents and the consequences of a particular pattern of behavior, and the results showed a statistically significant effect between the dimensions of investor behavior (7) and the Capital Asset Pricing Model on the Kuwait Stock Exchange.

There is no statistically significant effect between the types of investors (5) and the capital asset pricing model for the same market.

Human influences surrounding the complex and, most irrational behaviors associated with the investor return to their tendency to stick to the form of beliefs and misconceptions resulting from the misconception of some perceptions toward the types of risk they face.