Title

Effect of IT trading platform on financial risk-taking and portfolio performance

Document Type

Conference Proceeding

Publication Date

1-1-2015

Abstract

As a fast growing area in Finance, Information technology (IT) plays an important role in how traders trade online. Investigating whether online trading has a significant effect on financial returns and risks is central to this inquiry. This study, using perceived usefulness and satisfaction categories, addresses how the IT trading platform affects the trader's trading risk-taking behavior and stock portfolio performance. We examined two unique data sets: 2,726 proprietary online trading accounts and 178 professional investors' field survey. The results revealed that while the perceived usefulness category presented significant differences between the risk-taking groups and significant impact on stock portfolio performance, the satisfaction category showed no significant results.

Publication Name

Proceedings of the Annual Hawaii International Conference on System Sciences

Volume Number

2015-March

First Page

3298

Last Page

3306

DOI

10.1109/HICSS.2015.398

Article

7070213

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