Factors influencing Investor Decision Making: The case of Bangladesh
Equity Investors
Survey Questionnaire
Dear Respondents
This questionnaire is aimed to describe the Economic and behavioral factors that influence individual
investors decision making process in Bangladesh stock Exchanges. Finding of this study will help to
determine Investor behavior influence on Stock Purchase decision. The data collected through this will be
kept confidential as it is an academic research. Give below your address or email ID if you are interested in
the findings of this study.
Note: - Kindly tick ( ) box you feel appropriate for your feedback.
A- Classical Wealth Maximization
In your opinion how below mentioned factors influence your investment decision making.
Least
Influence
influence
Neutral
Significantly
Influence
Most
Significantly
influence
Significantl
y Influence
Most
Significantl
y influence
1. Stock Affordability (Lesser
stock prices)
2. Expected dividends.
3. Tax effect on Profit.
4. Minimizing Risk.
B. Accounting Information
What is affect of following factors on your investment decision making.
Least
Influence
influence
Neutra
l
5. Expected corporate
earnings.
6. Dividend paid.
7.
Financial statement
condition.
8. Stock marketability (that
can be easily sold).
C. Self-Image/Firm-Image Coincidence
Below mentioned factors have what effect on your investment decision making.
Least
Influence
9. Religious reasons.
influence
Neutra
l
Significantl
y Influence
Most
Significantl
y influence
10. Firms reputation in
industry.
11. Preference for a firms
product and services
12. Firms governing body
(Board of Directors &
CEO).
13. Firms strong position in
the industry
14. Organized established
15.
16.
market in the country like
Karachi stock exchange in
Pakistan.
Contribution of a firm
toward social causes.
Firms perceived ethics.
D. Neutral Information
To what extent following factors influence your decision making Process.
Least
Influence
influence
Neutra
l
Significantl
y Influence
Most
Significantl
y influence
17. Current economic indicators
e.g. inflation rate.
18. Information obtained from
internet and existing
shareholders.
19. General and financial press
coverage of the firms stock.
20. Fluctuation/developments in
the stock index.
21. Government holdings.
22. Recent price movement of a
firms stock
23. Firms commitment toward
Corporate Social
Responsibility.
E. Advocate Recommendation.
In your opinion how below mentioned factors influence your investment decision making.
Least
Influenc
e
24. Family members opinion.
25. Friend / coworkers opinion.
influence
Neutral
Significantl
y Influence
Most
Significantl
y influence
26. Opinions of the firms majority
stockholder.
27. Brokers recommendation for
stock.
F. Personal Financial Needs
What is affect of following factors
on your invest. Decision making.
Least
Influence
influence
Neutral
Significantl
y Influence
Most
Significantl
y influence
28. Ease of obtaining borrowed
funds.
29. Expected Losses in
national and international
financial Markets.
30. Diversification needs.
31. Attractiveness of non-stock
investment
3.
In most cases my investment decisions my
investment objectives.
4.
I have risk tolerance towards my investment
decisions.
5.
My reactions towards losses are normal.
6. Your decision to invest depends upon?
a) Past performance b) Economic scenario c) Industry analysisd) Company analysis
e) Credit rating f) others___________
7. What factors influences your investment decision?
Rank in order of priority (1 to 4)
a) Liquidity b) Returns c) Safety d) Tax Savings
Strongly
Agree
My investment holding periods are spread over
long span of time.
Agree
2.
Neutral
Usually I get my expected return on my
investment decision.
Disagree
Strongly
Disagree
1.
Personal Profile
1- Name (optional) ______________________ 2- Organizations Name ___________________________
3- Gender _______ 4- Education _______________
5- Investment Experience ____ years
6- Employment Sector: Public _______ Private_______
7-You are trading in a) Dhaka b) Chittagong c) Both Stock Exchange.
8- E-mail: ________________________________
Thank you
