What Is the Role of FoMO in Individual Investment Behavior? The Relationship among FoMO, Involvement, Engagement, and Satisfaction

IF 1.2 Q4 BUSINESS Journal of East-West Business Pub Date : 2022-11-07 DOI:10.1080/10669868.2022.2141941

Metin Argan, Vahdet Altundal, Mehpare Tokay Argan

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引用次数: 3

Abstract

Abstract Little research has investigated the relationship between FoMO (fear of missing out) and financial behavior and underlying this association remains largely unknown. The aim of this paper is to investigate the relationship between envy and FoMO, investment involvement, investment engagement, and satisfaction. Proposed conceptual model was tested using structural equation modeling (SEM) among 1,741 individual investors. Research data were collected by convenience sampling method from individuals who are over 18 years of age and reported financial saving or individual investment. The inclusion criteria for participation included individuals over 18 years of age who reported financial saving or individual investment. Participants completed an online survey containing measurements regarding envy, FoMO, investment involvement, investment engagement, and satisfaction. The results indicated that there are significant and positive relationship between all of the constructs. This study highlights the underlying mechanism between FoMO and individual investment behavior, which has important theoretical and practical implications for understanding decision-making and behavior in the financial area.

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FoMO在个人投资行为中的作用是什么?FoMO、投入、投入和满意度之间的关系

摘要很少有研究调查FoMO（害怕错过）与金融行为之间的关系，这种联系的基础在很大程度上仍然未知。本文的目的是调查嫉妒与FoMO、投资参与、投资参与和满意度之间的关系。所提出的概念模型使用结构方程模型（SEM）在1741名个人投资者中进行了测试。研究数据是通过方便抽样法从18岁以上的个体中收集的年龄和报告的经济储蓄或个人投资。参与的入选标准包括18岁以上的个人报告经济储蓄或个人投资的年龄。参与者完成了一项在线调查，其中包括嫉妒、FoMO、投资参与度、投资参与和满意度的测量。结果表明，各构造物之间存在显著的正相关关系。本研究强调了FoMO与个人投资行为之间的潜在机制，这对理解金融领域的决策和行为具有重要的理论和实践意义。

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来源期刊

Journal of East-West Business BUSINESS-

CiteScore

2.10

自引率

26.70%

发文量

期刊介绍： Journal of East-West Business is a quarterly journal that deals with contemporary and emerging aspects of business studies, strategies, development, and practice as they relate to the Russian Federation, the new republics of the Commonwealth of Independent States, and Eastern/Central Europe-and business relationships with other countries of the world. The Journal of East-West Business is international in scope and treats business issues from comparative, cross-cultural, and cross-national perspectives. The journal features an Editorial Advisory Board that represents the Russian Federation, Eastern/Central European, and Baltic states in this new business arena.