Please use this identifier to cite or link to this item: https://hdl.handle.net/10646/4762
Title: The determinants of stock market participation: Evidence from individual investors in Zimbabwe.
Authors: Sandada, Maxwell
Gumbo, McDonald
msandada@commerce.uz.ac.zw, maxwell.sandada@yahoo.com
makidee@gmail.com
Keywords: Zimbabwe Stock Exchange
Stock market
Investment managers
Financial education
Liquidity constraints
Individual investors
Issue Date: 2018
Publisher: SABINET
Citation: Sandada, Maxwell. & Gumbo, McDonald. (2016).The determinants of stock market participation: Evidence from individual investors in Zimbabwe. Africa Growth Agenda, Apr/Jun, p10-13,
Abstract: The participation of individual investors at the Zimbabwe Stock Exchange (ZSE) is very low. The reasons for the low participation rate are not well known. It is from this background that this study sought to understand the major drivers of individual participation at the stock market with a view to devise strategies that enforce an improved participation. Using data collected from stock broking managers, asset managers, fund/ investment managers, regulators, and investment/research analysts, the findings indicate that financial education, social interaction, awareness, transaction costs, access to internet, cognitive skills, perceptions, life satisfaction, liquidity constraints and age are significant predictors of stock market participation by individual investors. However, gender, trust and health status are insignificant predictors.
URI: https://hdl.handle.net/10646/4762
ISSN: 18115187
Appears in Collections:GSM Staff Publications

Files in This Item:
File Description SizeFormat 
Sandada_The_ determinants_ of_ stock_ market_ participation..pdf64.04 kBAdobe PDFThumbnail
View/Open


Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.