Paper Titles in Periodical
International Letters of Social and Humanistic Sciences
Volume 55

Subscribe

Subscribe to our Newsletter and get informed about new publication regulary and special discounts for subscribers!

ILSHS > Volume 55 > Impact of Behavioural Biases on Working Capital...
< Back to Volume

Impact of Behavioural Biases on Working Capital Management of Manaufactring Sector of Pakistan: A Non Parametric Investigation Approach

Full Text PDF

Abstract:

The current study aims to investigate the relationship of overconfidence bias, loss aversion bias, self-serving bias and anchoring bias with working capital management. The study used questionnaire and acquired primary data from the companies of manufacturing sector of Pakistan, are selected as sample of the study. The study used connivance sampling technique for data acquisition. Moreover, descriptive statistics are applied by using item wise technique and non-parametric techniques are also applied that supported results with historic investigations and have found significant relationship of biases with working capital management.

Info:

Periodical:
International Letters of Social and Humanistic Sciences (Volume 55)
Pages:
147-153
DOI:
10.18052/www.scipress.com/ILSHS.55.147
Citation:
S. Iqbal and S. A. Butt, "Impact of Behavioural Biases on Working Capital Management of Manaufactring Sector of Pakistan: A Non Parametric Investigation Approach", International Letters of Social and Humanistic Sciences, Vol. 55, pp. 147-153, 2015
Online since:
Jul 2015
Export:
Distribution:
References:

Campbell and sharp (2009). Anchoring bias in consensus forecasts and its effect on stock market prices. Journal of financial and qualitative analyses vol 44 pp.369-390.

Chin, L. & Davis, M, A. (2014). Validating Models for Bounded Rationality and Decision Biases in a Newsvendor Experiment. The Fuqua school of Business Journal.

Genesove, D. & Mayer, C. (2001). Loss Aversion and Seller Behavior: Evidence from the Housing Market. NBER, paper no, 8143.

Glaser, M. & Weber, M. (2007). Overconfidence and Trading Volume. Geneva Risk Insure Review. Vol, 32, pp.01-36.

Maynard E. Rafuse (1996). Working capital management: an urgent need to refocus. Journal of decision making vol 34 issue 2 59-63.

McCollugh, E, M. & Willoughby, B, L, B. (2009). Religion, Self-Regulation and Self Control: Association, Explanation and Implication. Psychological Bulletin. Vol, 135, No, 01, page, 69- 93.

Peitarinen, J. (2014). Overconfidence and Investor Trading Behavior in Finish Stock Market. Master thesis, Oulu business school, April (2014).

Ramiah et al. (2014). Behavioral finance approach to working capital management. European journal of Finance. (2014).

Sindhu, I, M. & Waris, F, S. (2014). Overconfidence and Turnover: Evidence from Karachi Stock Exchange. European Journal of Business & Management. Vol. 06, No. 07.

Show More Hide