Gold Open Access

Are Stock Market Training Programs worth it?
(1) * Vijaya Kittu Manda Mail (GITAM Deemed to be University, Visakhapatnam, India)
*Corresponding author

Abstract


Personal Finance, Investing, and Trading are life skills that prepare individuals to become financially comfortable in their lives and lead happy life. While some of these skills can be acquired from family members or can be drawn from first-hand personal experiences, training programs are found to make a profound positive impact. A questionnaire is administered to 278 stock market participants to understand the impact of stock market training programs conducted in the form of seminars and webinars. The study finds that the training programs have given substantial edge in their trading and investing activities and are worth spending time and money on them. Self-experiences, training programs, and stock market books are the most significant sources of stock market wisdom. Findings from this research can help financial intermediaries in better building investor awareness programs.

Keywords


Financial Literacy; Financial Education; Investor Education; Investor Empowerment

   

DOI

https://doi.org/10.33122/ijoce.v4i1.20 		      

Article metrics

Abstract views : 1594 | PDF views : 365

   

Cite

How to cite item
   

Full Text

Download

References


Campbell, J. Y., Ramadorai, T., & Ranish, B. (2013). Getting Better: Learning to Invest in an Emerging Stock Market. SSRN, 84.

Campbell, M. A. B. (2007). A phenomenological study of family influence on Millennial college students' money beliefs and behaviors (p. 7051118) [Doctor of Philosophy, Iowa State University, Digital Repository]. https://doi.org/10.31274/rtd-180813-17042

Chen, H., De, P., Hu, Y. (Jeffrey), & Hwang, B.-H. (2014). Wisdom of Crowds: The Value of Stock Opinions Transmitted Through Social Media. Review of Financial Studies, 27(5), 1367–1403. https://doi.org/10.1093/rfs/hhu001

Dim, C. (2021). Should Retail Investors Listen to Social Media Analysts? Evidence from Text-Implied Beliefs. SSRN Electronic Journal. https://doi.org/10.2139/ssrn.3813252

Eötvös Loránd University, Budapest, Hungary, & Chang, H. S. (2020). Online Learning in Pandemic Times. Revista Romaneasca Pentru Educatie Multidimensionala, 12(2Sup1), 111–117. https://doi.org/10.18662/rrem/12.2Sup1/296

Figart, D. M. (2012). Economics and personal finance education are complements, not substitutes. International Journal of Pluralism and Economics Education, 3(4), 354. https://doi.org/10.1504/IJPEE.2012.052693

Förster, M., Happ, R., & Walstad, W. B. (2019). Relations between young adults' knowledge and understanding, experiences, and information behavior in personal finance matters. Empirical Research in Vocational Education and Training, 11(1), 2. https://doi.org/10.1186/s40461-019-0077-z

Grant, K. (2016). From Investor Education to Investor Protection: The Limits of Disclosure and the Way Forward. Banking & Finance Law Review, 31(2), 229–257.

Harter, C., & Harter, J. F. R. (2010). Is Financial Literacy Improved By Participating In A Stock Market Game? Journal for Economic Educators. https://libjournals.mtsu.edu/index.php/jfee/article/view/1459

Haws, M. K. (2021). Investor Investment Choices for Better Decision-Making among Investment Options [Doctoral Thesis]. Baker College.

Huang, C.-W., & Hsu, C.-P. (2011). Using Online Games To Teach Personal Finance Concepts. American Journal of Business Education (AJBE), 4(12), 33–38. https://doi.org/10.19030/ajbe.v4i12.6611

Jacoby, J., Morrin, M., Johar, G., Gurhan, Z., Kuss, A., & Mazursky, D. (2001). Training Novice Investors to Become More Expert: The Role of Information Accessing Strategy. Journal of Psychology and Financial Markets, 2(2), 69–79. https://doi.org/10.1207/S15327760JPFM0202_02

Johan, I., Rowlingson, K., & Appleyard, L. (2021). The Effect of Personal Finance Education on The Financial Knowledge, Attitudes and Behaviour of University Students in Indonesia. Journal of Family and Economic Issues, 42(2), 351–367. https://doi.org/10.1007/s10834-020-09721-9

Kristjan, L. (2016). Investor education and trading activity on the stock market. Baltic Journal of Economics, 16(2), 114–131. http://dx.doi.org/10.1080/1406099X.2016.1189058

Kumar, N., Mohapatra, S., & Sandhu, G. (2013). Importance of Technical and Fundamental Analysis and Other Strategic Factors in the Indian Stock Market. Management Review, 8(1), 39.

Malekpour, M., Fazlzadeh, A., & Jabarzadeh, Y. (2021). Financial Literacy and Portfolio Diversification: The Role of Moderators. Journal of Economics and Economic Education Research, 22(2), 1–27.

Marriott, P., Tan, S. M., & Marriott, N. (2015). Experiential Learning – A Case Study of the Use of Computerised Stock Market Trading Simulation in Finance Education. Accounting Education, 24(6), 480–497. https://doi.org/10.1080/09639284.2015.1072728

Mukaram, & Siti Sarah, I. (2018). Online Stock Trading Learning through Real Bank Account. Proceedings of the International Conference on Education and Technology (ICET 2018). Proceedings of the International Conference on Education and Technology (ICET 2018), Malang, Indonesia. https://doi.org/10.2991/icet-18.2018.11

Robb, C. A., & Woodyard, A. S. (2011). Financial Knowledge and Best Practice Behavior. 22(1), 11.

Rooij, M. van, Lusardi, A., & Alessie, R. (2007). Financial Literacy and Stock Market Participation. NBER, 48.

Suresh, A. S. (2013). A study on fundamental and technical analysis. International Journal of Marketing, Financial Services & Management Research, 2(5), 44–59.

Teijlingen, E. R. van, & Hundley, V. (2001). The importance of pilot studies. Social Research Update, 35. http://aura.abdn.ac.uk/bitstream/handle/2164/157/SRU35%20pilot%20studies.pdf

Tu, W., Cheung, D. W., Mamoulis, N., Yang, M., & Lu, Z. (2016). Investment Recommendation using Investor Opinions in Social Media. Proceedings of the 39th International ACM SIGIR Conference on Research and Development in Information Retrieval, 881–884. https://doi.org/10.1145/2911451.2914699

Wang, S.-K., & Hsu, H.-Y. (2008). Use of the Webinar Tool (Elluminate) to Support Training: The Effects of Webinar-Learning Implementation from Student-Trainers' Perspective. Journal of Interactive Online Learning, 7(3), 21.


Refbacks

  • There are currently no refbacks.


Copyright (c) 2022 Vijaya Kittu Manda

Creative Commons License
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.