000			01696nam a22001577a 4500
999			_c521292 _d521292
008			230102b ||||| |||| 00| 0 eng d
100			_aSingh, Amit Kumar and Kumar, Mohit _936484
245			_aAnalyzing the relationship between psychological biases and initial public offerings investment decision-making in India
260			_aManagement and Labour Studies
300			_a47(4), Nov, 2022: p.407-430
520			_aThe study investigates the effect of psychological biases on investment decision-making in the financial market with particular reference to the initial public offerings (IPO) market in India. The research is conducted by administering a self-completion questionnaire to measure selected psychological biases. Using the structural equation modelling (SEM) technique of the multivariate analysis, the study analyzes a sample of 230 individual IPO investors and examines the effect of the selected psychological biases on the degree of irrationality in the market. The findings of the study reveal that investors are prone to availability and representativeness biases. This study suggests that an augmented understanding of fundamental psychological biases of human decision-making would help the Indian IPO market achieve a more significant level of market efficiency. The contribution of this research lies in its practical implications to the issuer of the issue, intermediaries and market regulators.- Reproduced
650			_aInitial public offerings, Structural equation modeling, Behavioral finance, Financial investment decision behavior, Heuristics and bases. _934969
773			_aManagement and Labour Studies
906			_aBEHAVIOURAL FINANCE
942			_cAR