Analysis of motives influencing portfolio investment decisions: the Nigerian experience
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Date
2023-08
Authors
Iredele, O.O.
Alli, S.O.
Fagboro, G.D.
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Abstract
This study investigates factors influencing portfolio investment decisions in Nigeria. The Nigeria Treasury Bill and Federal Government Bond were used as main portfolio investments for the study. Personal factors, economic factors and socio-cultural factors were examined as variables influencing investors’ behaviour. Structured questionnaire was administered to a sample size of 400 respondents selected through convenience sampling technique in Lagos State. Both descriptive and inferential statistics were applied to test the data collected with the aid of the Statistical Packages for Social Science (SPSS) version 20.0. The result revealed that all three variables under study have significant influence on portfolio investment decision. Thus, concludes that personal, economic and socio-cultural factors influence decisions to invest in Treasury Bills and Federal Government Bonds in Nigeria. The study recommend that organizations and managers in the Nigeria business environment should focus on personal, economic and socio-cultural factors when trying to determine influences on investment decision.
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Scholarly article
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Iredele O.O., S.O. Alli, G.D. Fagboro (2023). Analysis of Motives Influencing Portfolio Investment Decisions: The Nigerian Experience, Nigerian Journal of Management Sciences,24(2b), 46-54. (Rivers State University).