What drives the investment intentions of emerging economy
millennials? Examining the effect of financial advertisement
with the PLS-SEM

J 2024

What drives the investment intentions of emerging economy millennials? Examining the effect of financial advertisement with the PLS-SEM

DOGRA, Pallavi; Arun KAUSHAL a Prateek KALIA

Základní údaje

Originální název

What drives the investment intentions of emerging economy millennials? Examining the effect of financial advertisement with the PLS-SEM

Autoři

DOGRA, Pallavi; Arun KAUSHAL a Prateek KALIA

Vydání

JOURNAL OF FINANCIAL SERVICES MARKETING, ENGLAND, PALGRAVE MACMILLAN LTD, 2024, 1363-0539

Další údaje

Jazyk

angličtina

Typ výsledku

Článek v odborném periodiku

Obor

50204 Business and management

Stát vydavatele

Velká Británie a Severní Irsko

Utajení

není předmětem státního či obchodního tajemství

Odkazy

URL

Impakt faktor

Impact factor: 4.300

Označené pro přenos do RIV

Ano

Kód RIV

RIV/00216224:14560/24:00135074

Organizační jednotka

Ekonomicko-správní fakulta

Klíčová slova anglicky

Financial investment; Perception; Investment intention; Trust; Perceived risk–benefit

Štítky

rivok

Příznaky

Mezinárodní význam, Recenzováno

Změněno: 10. 2. 2025 16:30, Prateek Kalia, Ph.D.

Anotace

V originále

The financial service sector involves high-risk and uncertain elements that make financial decision-making challenging; thus, information sources act as facilitators. The present study analyzed the effects of financial advertisements on investors’ behavioral intentions with perceived risk acting as a mediator and gender and marital status as moderating variables. The study empirically validates the proposed conceptual model (based on Stimulus–Organism–Response) with the interrelation- ship between financial advertisement antecedents, perceived risk, and investors’ investment intentions. Data were collected from 481 respondents using the survey method and analyzed using the partial least squares structural equation modeling (PLS-SEM). “Multigroup analysis (MGA)” was conducted to identify the gender and marital status intergroup moderating effects. The study confirms the significant relationship between informativeness and truthfulness with the perceived risk. The result found that credibility and truthfulness are significantly related to investor intention. In addition, the mediating effect of the perceived risk was found to be absent. Gender is moderating the relationship between credibility and invest- ment intentions; informativeness and perceived risk; truthfulness and perceived risk, whereas marital status moderates the relationship between credibility and investment intentions; involvement and perceived risk; and truthfulness and perceived risk. The present study helps to understand millennial investment decision-making when they are exposed to various financial promotions and advertisements. This study provides insights to the government in policy framing regarding the financial advertisements essentials and disclosures that need to be focused on.

Přiložené soubory

investments_intentions_Kalia_2024_final.pdf

Požádat o autorskou verzi souboru

Citovat

DOGRA, Pallavi; Arun KAUSHAL a Prateek KALIA. What drives the investment intentions of emerging economy millennials? Examining the effect of financial advertisement with the PLS-SEM. JOURNAL OF FINANCIAL SERVICES MARKETING. ENGLAND: PALGRAVE MACMILLAN LTD, 2024, roč. 29, č. 2, s. 276-291. ISSN 1363-0539. Dostupné z: https://doi.org/10.1057/s41264-022-00202-8.

@article{2244318,
   author = {Dogra, Pallavi and Kaushal, Arun and Kalia, Prateek},
   article_location = {ENGLAND},
   article_number = {2},
   doi = {https://doi.org/10.1057/s41264-022-00202-8},
   keywords = {Financial investment; Perception; Investment intention; Trust; Perceived risk–benefit},
   language = {eng},
   issn = {1363-0539},
   journal = {JOURNAL OF FINANCIAL SERVICES MARKETING},
   title = {What drives the investment intentions of emerging economy millennials? Examining the effect of financial advertisement with the PLS-SEM},
   url = {https://link.springer.com/article/10.1057/s41264-022-00202-8},
   volume = {29},
   year = {2024}
}

TY  - JOUR
ID  - 2244318
AU  - Dogra, Pallavi - Kaushal, Arun - Kalia, Prateek
PY  - 2024
TI  - What drives the investment intentions of emerging economy millennials? Examining the effect of financial advertisement with the PLS-SEM
JF  - JOURNAL OF FINANCIAL SERVICES MARKETING
VL  - 29
IS  - 2
SP  - 276-291
EP  - 276-291
PB  - PALGRAVE MACMILLAN LTD
SN  - 13630539
KW  - Financial investment
KW  - Perception
KW  - Investment intention
KW  - Trust
KW  - Perceived risk–benefit
UR  - https://link.springer.com/article/10.1057/s41264-022-00202-8
N2  - The financial service sector involves high-risk and uncertain elements that make financial decision-making challenging; thus, information sources act as facilitators. The present study analyzed the effects of financial advertisements on investors’ behavioral intentions with perceived risk acting as a mediator and gender and marital status as moderating variables. The study empirically validates the proposed conceptual model (based on Stimulus–Organism–Response) with the interrelation- ship between financial advertisement antecedents, perceived risk, and investors’ investment intentions. Data were collected from 481 respondents using the survey method and analyzed using the partial least squares structural equation modeling (PLS-SEM). “Multigroup analysis (MGA)” was conducted to identify the gender and marital status intergroup moderating effects. The study confirms the significant relationship between informativeness and truthfulness with the perceived risk. The result found that credibility and truthfulness are significantly related to investor intention. In addition, the mediating effect of the perceived risk was found to be absent. Gender is moderating the relationship between credibility and invest- ment intentions; informativeness and perceived risk; truthfulness and perceived risk, whereas marital status moderates the relationship between credibility and investment intentions; involvement and perceived risk; and truthfulness and perceived risk. The present study helps to understand millennial investment decision-making when they are exposed to various financial promotions and advertisements. This study provides insights to the government in policy framing regarding the financial advertisements essentials and disclosures that need to be focused on.
ER  -

DOGRA, Pallavi; Arun KAUSHAL a Prateek KALIA. What drives the investment intentions of emerging economy millennials? Examining the effect of financial advertisement with the PLS-SEM. \textit{JOURNAL OF FINANCIAL SERVICES MARKETING}. ENGLAND: PALGRAVE MACMILLAN LTD, 2024, roč.~29, č.~2, s.~276-291. ISSN~1363-0539. Dostupné z: https://doi.org/10.1057/s41264-022-00202-8.

Přehled o publikaci