Bhandari, Agni (2023) Financial literacy and investment decisions of individual investors in the Nepal Stock Exchange. DBA thesis, University of Gloucestershire. doi:10.46289/OSXP4809
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15103 Bhandari, Agni (2023) Financial literacy and investment decisions of individual investors in the Nepal Stock Exchange.pdf - Accepted Version Available under License All Rights Reserved. Download (4MB) | Preview |
Abstract
The main objective of this study is to explore the level of financial literacy among individual investors and its impact on investment decision-making at the Nepal Stock Exchange (NEPSE). This study employed a mixed-methods approach, using both qualitative and quantitative methods to provide a comprehensive understanding of the research questions. A structured survey questionnaire was used, and semi-structured interviews were conducted as the primary method. The data was analysed using the statistical software SPSS for quantitative data and NVivo for qualitative data. The study found that individual investors in the NEPSE market have a moderate level of financial literacy. The statistical analysis of the quantitative data revealed an overall average financial literacy knowledge of 63.83% (average mean 5.7440 out of 9 maximum levels). The study also identified various factors that influence investment decisions, including economic indicators, interest rates, market liquidity, market sentiment, market trends, a company's financial performance, and financial statement analysis. Further, there is a significant positive correlation between financial literacy and investment decisions. This study fills a significant gap in our knowledge about the level of financial literacy and the factors that affect individual investors' decisions in NEPSE. The study recommends policy, practice, and future research, emphasising the involvement of diverse stakeholders in policy formulation, the provision of certified trainers, and focused research on specific industries. This knowledge is critical for policymakers, financial institutions, and investors themselves as they work to improve the investment climate and ensure NEPSE's continued growth.
Item Type: | Thesis (DBA) | |||||||||
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Uncontrolled Keywords: | NEPSE; Individual Retail Investors; Financial Literacy; Investment Decision; Mixed Methods | |||||||||
Subjects: | H Social Sciences > HF Commerce > HF5001 Business | |||||||||
Divisions: | Schools and Research Institutes > School of Business, Computing and Social Sciences | |||||||||
Depositing User: | Anna Kerr | |||||||||
Date Deposited: | 06 Jun 2025 08:31 | |||||||||
Last Modified: | 06 Jun 2025 08:31 | |||||||||
URI: | https://eprints.glos.ac.uk/id/eprint/15103 |
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