Determination of Long-term Investment Intentions: Moderating Role of Construal Priming
Determination of Long-term Investment Intentions: Moderating Role of Construal Priming
Author(s): Arief Kusuma Among Praja, Suryanti Takarinawati, Obsatar SinagaSubject(s): Business Economy / Management, Financial Markets, Marketing / Advertising
Published by: Akademia Ekonomiczno-Humanistyczna w Warszawie
Keywords: Level of construal priming; defensive pessimism; long-term investment; consumer financial product bias;
Summary/Abstract: The current study investigates long-term investment intentions by linking the moderating role of construal priming in the causal relationship to defensive pessimism, which is a novel approach. The data was collected from 450 employees of private institutions by means of questionnaires and PLS-SEM was used in analysis. The results indicated a positive relationship between defensive pessimism, self-control, consumer financial product bias, and long-term investment. In addition, negative moderation role of the level of construal priming was observed, along with the links of defensive pessimism and long-term investment. Thus, the study provides crucial contexts for understanding long-term investment intentions from a behavioral perspective, which is often ignored in the financial management literature.
Journal: Contemporary Economics
- Issue Year: 14/2020
- Issue No: 4
- Page Range: 418-427
- Page Count: 10
- Language: English