Investment Behavior and Stock Preference of an Individual Investor: Evidence from Karachi Stock Exchange

The purpose of the research is to study the individual investor’s behavior in Karachi Stock Exchange. In this study data was collected from individual clients at Karachi Stock Exchange. Type of the study is descriptive and deductive approach was used.  The data was collected from 389 respondents at Karachi Stock Exchange with the help of designed questionnaire. The individual behavior is tested with the help of regression analysis. There are three regression models developed to study the relationship and impact of Independent variables (Accounting information & financial literacy, overconfidence, irrationality and biasness in decision making) on three different dependent variables (Preference of capital gain, preference of dividend and gambling). Results explain no relationship toward preference of capital gain but the significant relationships found toward preference of dividend and gambling. So it can be easily concluded that the investors at Karachi Stock Exchange do not prefer capital gain but they want better payout and speculation in the market. There were also studied that the accounting information & financial literacy increase the behavior toward preference of dividend and decrease toward gambling. There have been the evidences found that the investors at Karachi Stock Exchange have irrational behavior and this behavior influences the preference of dividend and gambling. Keywords:Investment behavior, Capital gain, Dividend, Gambling, Financial Literacy, Overconfidence, Irrationality and Biasness in Decision Making

Dividend Versus Capital Gain and Investor Preference:A Case Study on Dhaka Stock Exchange

This paper explores investors’ preference for capital gain and dividend payment. The questionnaire results show that overall, investors prefer capital gain over cash dividend. The results from the regression also demonstrate that all demographic variables and investor characteristic, specifically education level, age, investment amount and investment income, are positively related to an investors tendency to prefer dividend payment, with investment income and age having the strongest impact. The results from this test reconfirm that investors with larger sums tend to be more risk averse. Moreover, the results from the primary data also reveal that investor preferences are compatible and consistent with traditional theories including the Birds-in-the-Hand Theory, Information Signaling Theory, Tax Preference Theory and Clientele Effect Theory. Keywords: dividend payment, capital gain, demographic characteristics, Information Signaling Theory

A Relationship-Based Acess Control Model for On-demand Privacy and Security Entitlement in RFID-enable Supply Chains

RFID adoption in supply chains is both viable in gaining on-target end-to-end visibility and crucial to sustain competitiveness. RFID-based information flow will cut across partners in business chains that extended beyond borders. Privacy and security preferences (PSP) are manifested when supply chain parties are sharing (EPC-RFID-based) data to gain visibility. The role of each party cannot be singly used to determine the preference of either party to derive the necessary entitlement for the requesting party. The preference-based entitlement must ensure data sharing is privacy-protected and security-enforced. In this research, a Relationship-Based Access Control (ReBAC) model is proposed for on-demand privacy and security entitlement in RFID-enabled supply chains. The model includes two key concepts: on-demand preference and privacy and security scheme. Preference is governed by the two parties’ relationship, and the scheme is driven by the data dimensions (i.e., data sensitivity, data location and data ownership). RBAC is capable of addressing one party’s need to gain pre-determined permissions according to role assignment or activation. The relationship-based approach is on-demand, two-party, relationship-based preference to gain entitlement (for visibility services) with scheme-enabled privacy and security activation

Quality delivery of mobile video: In-depth understanding of user requirements

The increase of powerful mobile devices has accelerated the demand for mobile videos. Previous studies in mobile video have focused on understanding of mobile video usage, improvement of video quality, and user interface design in video browsing. However, research focusing on a deep understanding of users’ needs for a pleasing quality delivery of mobile video is lacking. In particular, what quality-delivery mode users prefer and what information relevant to video quality they need requires attention. This paper presents a qualitative interview study with 38 participants to gain an insight into three aspects: influencing factors of user-desired video quality, user-preferred quality-delivery modes, and user-required interaction information of mobile video. The results show that user requirements for video quality are related to personal preference, technology background and video viewing experience, and the preferred quality-delivery mode and interactive mode are diverse. These complex user requirements call for flexible and personalised quality delivery and interaction of mobile video

Consumer versus citizen preferences in contingent valuation: evidence on the role of question framing

Rather than individual consumer preferences, responses to referendum-style contingent valuation surveys on environmental goods may express citizen assessments that take into account benefits to others. We reconsider the consumer versus citizen hypothesis with a focus on the role of framing information. Survey data on conservation areas in Ilomantsi, Finland, are used. Different versions of the valuation question were used to encourage the respondents to take the consumer or the citizen role. The citizen version expectedly resulted in substantially fewer zero-WTP responses and protests and higher mean and median WTP, suggesting that the framing information has a major effect on the preferences expressed. The findings support the idea of multiple preferences. For a more confident interpretation of contingent valuation responses, future studies should recognise their intended use in survey design and gain information about respondents’ motives to determine the presence and type of altruistic motives.altruism, benefit–cost analysis, conservation areas, contingent valuation, multiple preference orderings, referendum, spike model, Consumer/Household Economics,