Mobile Stock Trading Platforms and Individual Investors’ Financial Performance

December 3, 2016 Posted by admin

Mobile Stock Trading Platforms and Individual Investors’ Financial Performance
Moustafa Abuelfadl, Stephen Kyungsub Choi and Boris Abbey
School of Business, Ithaca College, 953 Danby St, Ithaca, NY 14850, U.S.A.
School of Management, Rhode Island College, Providence, RI 02908-1991, U.S.A.
Lundy-Fetterman School of Business, Campbell University 165 Dr. McKoy Drive Buies Creek, NC 27506, U.S.A

Abstract
Behavioral finance has provided a variety of explanations for individual investors’ financial performance that focus on behavioral biases, and information systems (IS) have developed theories about financial information system issues from the system management perspective. This study examines 2,726 proprietary online individual investors’ stock trading accounts and analyzes the field survey responses of a group of 178 individual investors. The study investigates different IS-related constructs and their association with individual investors’ financial performance. The results reveal that the perceived usefulness of IS mobile stock trading platforms in the risk-seeking individual investors’ group is significant and positively associated with their financial performance.

Keywords: mobile stock trading, financial risk disposition, technology acceptance, smartphone, stock trading, financial performance, IS constructs

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  • Annals of Management Science (AMS)

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