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Article
Publication date: 27 June 2023

Kirti Sood, Prachi Pathak, Jinesh Jain and Sanjay Gupta

Research in the domain of behavioral finance has proven that investors demonstrate irrational behavior while making investment decisions. In a similar domain, the primary…

Abstract

Purpose

Research in the domain of behavioral finance has proven that investors demonstrate irrational behavior while making investment decisions. In a similar domain, the primary objective of this research is to prioritize the behavioral biases that influence cryptocurrency investors' investment decisions in the Indian context.

Design/methodology/approach

A fuzzy analytic hierarchy process (F-AHP) was used to prioritize the behavioral factors impacting cryptocurrency investors' investment decisions. Overconfidence and optimism, anchoring, representativeness, information availability, herding, regret aversion, and loss aversion are among the primary biases evaluated in the present study.

Findings

The findings suggested that the two most important influential criteria were herding and regret aversion, with loss aversion and information availability being the least influential criteria. Opinions of family, friends, and colleagues about investment in cryptocurrency, the sale of cryptocurrencies that have increased in value, the avoidance of selling currencies that have decreased in value, the agony of holding losing cryptocurrencies for too long rather than selling winning cryptocurrencies too soon, and the purchase of cryptocurrencies that have fallen significantly from their all-time high are the most important sub-criteria.

Research limitations/implications

This survey only covered active cryptocurrency participants. Additionally, the study was limited to individual crypto investors in one country, India, with a sample size of 467 participants. Although the sample size is appropriate, a larger sample size might reflect the more realistic scenario of the Indian crypto market.

Practical implications

The study is relevant to individual and institutional cryptocurrency investors, crypto portfolio managers, policymakers, researchers, market regulators, and society at large.

Originality/value

To the best of the authors' knowledge, no prior research has attempted to explain how the overall importance of various criteria and sub-criteria related to behavioral factors that influence the decision-making process of crypto retail investors can be assessed and how the priority of focus can be established, particularly in the Indian context.

Details

International Journal of Emerging Markets, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1746-8809

Keywords

Article
Publication date: 22 March 2024

Mahmoud Ershadi and Fredelino Lijauco

In this paper, a systematic review of 284 articles published between 2015 and 2022 and a full-text thematic analysis of 70 selected articles was conducted to catalog and…

Abstract

Purpose

In this paper, a systematic review of 284 articles published between 2015 and 2022 and a full-text thematic analysis of 70 selected articles was conducted to catalog and synthesize factors in a framework. Thematic analysis subsequently revealed 18 selective codes under three groups of drivers, barriers, and outcomes. These three groups were explained by four key aspects including organization, stakeholders, infrastructure, and business environment that set a framework for the digitalization of construction. The study finally concluded digitalization strategies with a focus on support mechanisms, government incentives, regulations, the transition from manual labor to technicians, organizational technology culture, methodology development, and innovation processes. Such strategies provide insight into prioritizing resources towards smooth digital transformation in construction businesses.

Design/methodology/approach

A two-stage methodology is adopted by undertaking a systematic literature review followed by thematic content analysis. This work concludes with an analysis of remaining research gaps and suggestions for potential future research.

Findings

In this paper, a systematic review of 284 articles published between 2015 and 2022 and a full-text thematic analysis of 70 selected articles was conducted to catalog and synthesize variables in a framework. Thematic analysis subsequently revealed a set of variables and factors describing construction digitalization under three groups of success factors, barriers, and outcomes. A critical content analysis of the representative studies was conducted to identify five future research trends as well as associated research gaps and directions on the topic.

Practical implications

This study contributes to practice by providing directions concerning the key strategies and priorities associated with the digitalization of construction businesses.

Originality/value

This ground-breaking research brings to light a classified set of factors that are important for the digitalization of construction businesses. The elicited framework contributes to the current body of knowledge by offering a unique conceptualization of both driving and adverse aspects for the seamless digital transformation of construction.

Details

Smart and Sustainable Built Environment, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 2046-6099

Keywords

Article
Publication date: 21 May 2024

Neda Kiani Mavi, Kerry Brown, Richard Glenn Fulford and Mark Goh

The global construction industry has a history of poor project success, with evident and frequent overruns in cost and schedule. This industry is a highly interconnected and…

Abstract

Purpose

The global construction industry has a history of poor project success, with evident and frequent overruns in cost and schedule. This industry is a highly interconnected and complex system in which the components, i.e. suppliers, contractors, end-users, and stakeholders, are delicately linked to each other, the community, and the environment. Therefore, defining and measuring project success can be challenging for sponsors, contractors, and the public. To address this issue, this study develops and analyzes a more comprehensive set of success criteria for medium and large construction projects.

Design/methodology/approach

After reviewing the existing literature, this study identified 19 success criteria for medium and large construction projects, which were categorized into five groups. The fuzzy decision-making trial and evaluation laboratory (fuzzy DEMATEL) method was used to gain further insight into the interrelationships between these categories and explain the cause-and-effect relationships among them. Next, this study applied the modified logarithmic least squares method to determine the importance weight of these criteria using the fuzzy analytic hierarchy process.

Findings

28 project managers working in the construction industries in Australia and New Zealand participated in this study. Results suggest that “project efficiency” and “impacts on the project team” are cause criteria that affect “business success,” “impacts on stakeholders,” and “impacts on end-users.” Effective risk management emerged as the most crucial criterion in project efficiency, while customer satisfaction and return on investment are top criteria in “impacts on end-users” and “business success.”

Originality/value

Although numerous studies have been conducted on project success criteria, multicriteria analyses of success criteria are rare. This paper presents a comprehensive set of success criteria tailored to medium and large construction projects. The aim is to analyze their interrelationships and prioritize them thoroughly, which will aid practitioners in focusing on the most important criteria for achieving higher success rates.

Details

Engineering, Construction and Architectural Management, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 0969-9988

Keywords

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