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Title: Social influence in the stock market : a Singapore study
Authors: Tan, Hui Wen
Keywords: DRNTU::Social sciences
Issue Date: 2013
Publisher: Nanyang Technological University
Abstract: This study aims to understand the Singaporean individual investor’s stock market participation. While existing literature largely asserts that social interactions influence the investment decisions one makes in the stock market, there is a gap in addressing how one’s social network shapes his stock market participation. Consistent with Granovetter’s (1973) findings, results from in-depth interview data suggest that investors receive more financial knowledge through actors with whom they share weaker ties. They also imagine two types of social networks – communal and professional – and despite efforts to obtain group validation from the former, investors with less experience often engage in herd behaviour, conforming to norms and expectations within their professional networks. Eventually, perceptions and decisions are guided by personal disposition and investment objectives yet constrained by the socio-cultural structure within which investors exist.
Rights: Nanyang Technological University
Fulltext Permission: embargo_restricted_20220731
Fulltext Availability: With Fulltext
Appears in Collections:HSS Student Reports (FYP/IA/PA/PI)

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  Until 2022-07-31
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