The meaning of money supply in an arrow sense is currency and demand deposits. In Oman, it has increased very slowly till 1970 and then started to increase broadly till now. This…
Abstract
The meaning of money supply in an arrow sense is currency and demand deposits. In Oman, it has increased very slowly till 1970 and then started to increase broadly till now. This increment is due to the development of the oil exports, so that the share of its currency becomes more than 50% of its money supply in the narrows sense during the period 1973‐2000. But this percentage started decreasing since 2001 compared with demand deposits. The econometric analysis concluded that there is a ppositive relationship between money supply and such independent variables as gross domestic production, government deficit, international reserves and oil export. It was also concluded that there is a positive relationship between money supply in the wide sense and oil export. The monetary indicators showed that the net domestic credit allowed to the private sector and the net foreign assets of the banking system are the main factors that positively affect money supply. It was also noted that the quasi money such as time deposits, saving deposits, capital account and reserve account has negatively affected money supply during the period 1974‐2003.
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Kirti Sood, Prachi Pathak and Sanjay Gupta
Investment decisions hold immense significance for investors and eventually affect their portfolio performance. Investors are advised to weigh the costs and benefits associated…
Abstract
Purpose
Investment decisions hold immense significance for investors and eventually affect their portfolio performance. Investors are advised to weigh the costs and benefits associated with every decision in order to make rational investment decisions. However, behavioral finance research reveals that investors' choices often stem from a blend of economic, psychological and sociological factors, leading to irrationality. Moreover, environmental, social and corporate governance (ESG) factors, aligned with behavioral finance hypotheses, also sway opinions and stock prices. Hence, this study aims to identify how individual equity investors prioritize key determinants of investment decisions in the Indian stock market.
Design/methodology/approach
The current research gathered data from 391 individual equity investors through a structured questionnaire. Thereafter, a fuzzy analytic hierarchy process (F-AHP) was used to meet the purpose of the research.
Findings
Information availability, representative heuristics belonging to psychological factors and macroeconomic indicators falling under economic factors were discovered to be the three most prioritized criteria, whereas environmental issues within the realm of ESG factors, recommendations of brokers or investment consultants of sociological factors, and social issues belonging to ESG factors were found to be the least prioritized criteria, respectively.
Research limitations/implications
Only active and experienced individual equity investors were surveyed in this study. Furthermore, with a sample size of 391 participants, the study was confined to individual equity investors in one nation, India.
Practical implications
This research has implications for individual investors, institutional investors, market regulators, corporations, financial advisors, portfolio managers, policymakers and society as a whole.
Originality/value
To the best of the authors' knowledge, no real attempt has been made to comprehend how active and experienced individual investors prioritize critical determinants of investment decisions by taking economic, psychological, sociological and ESG factors collectively under consideration.