Investigating the impact of financial dogmatism, financial anxiety and financial knowledge on financial risk attitude and its impact on financial behavior disorders

Objective This research deals with the empirical investigation of financial dogmatism, financial anxiety and financial knowledge on financial risk attitude and its effect on financial behavior disorders.



Method: In this regard, 450 questionnaires were distributed among investors in Tehran Stock Exchange. Among the 430 cases collected, 398 of them were accepted and structural equation method (SEM) and Amos statistical software version 26 were used for data analysis. Also, the maximum likelihood estimation (MLE) method has been used to estimate the value of unknown parameters.



Results: The results indicate that financial dogma has a negative and significant effect on financial risk attitude. Also, financial anxiety and financial knowledge together have a positive and significant effect on financial risk attitude. In addition, financial risk attitude has a positive and significant effect on destructive financial behavior.



Conclusion: Considering the impact of financial dogmatism, financial knowledge and financial anxiety on financial risk attitude and financial risk attitude on financial destructive behavior, it is appropriate for capital market managers, financial psychotherapists, financial science researchers and psychiatrists to improve mental health. society's finances by reducing financial anxiety, developing financial knowledge of individuals with the aim of improving financial socialization and reducing financial dogma in appropriate ways and using scientific methods Because in the event of widespread and widespread occurrence of destructive financial behavior by investors, it will quickly and in a structured way witness not only destructive financial behavior, but also threats to the financial health of the society and a sharp decrease in the level of satisfaction of investors. In this valley, less investment gives a sense of psychological and financial security, and as a result, the capital market and other financial markets will be devoid of real investors and capital.

Objective This research deals with the empirical investigation of financial dogmatism, financial anxiety and financial knowledge on financial risk attitude and its effect on financial behavior disorders.



Method: In this regard, 450 questionnaires were distributed among investors in Tehran Stock Exchange. Among the 430 cases collected, 398 of them were accepted and structural equation method (SEM) and Amos statistical software version 26 were used for data analysis. Also, the maximum likelihood estimation (MLE) method has been used to estimate the value of unknown parameters.



Results: The results indicate that financial dogma has a negative and significant effect on financial risk attitude. Also, financial anxiety and financial knowledge together have a positive and significant effect on financial risk attitude. In addition, financial risk attitude has a positive and significant effect on destructive financial behavior.



Conclusion: Considering the impact of financial dogmatism, financial knowledge and financial anxiety on financial risk attitude and financial risk attitude on financial destructive behavior, it is appropriate for capital market managers, financial psychotherapists, financial science researchers and psychiatrists to improve mental health. society's finances by reducing financial anxiety, developing financial knowledge of individuals with the aim of improving financial socialization and reducing financial dogma in appropriate ways and using scientific methods Because in the event of widespread and widespread occurrence of destructive financial behavior by investors, it will quickly and in a structured way witness not only destructive financial behavior, but also threats to the financial health of the society and a sharp decrease in the level of satisfaction of investors. In this valley, less investment gives a sense of psychological and financial security, and as a result, the capital market and other financial markets will be devoid of real investors and capital.

Objective This research deals with the empirical investigation of financial dogmatism, financial anxiety and financial knowledge on financial risk attitude and its effect on financial behavior disorders.



Method: In this regard, 450 questionnaires were distributed among investors in Tehran Stock Exchange. Among the 430 cases collected, 398 of them were accepted and structural equation method (SEM) and Amos statistical software version 26 were used for data analysis. Also, the maximum likelihood estimation (MLE) method has been used to estimate the value of unknown parameters.



Results: The results indicate that financial dogma has a negative and significant effect on financial risk attitude. Also, financial anxiety and financial knowledge together have a positive and significant effect on financial risk attitude. In addition, financial risk attitude has a positive and significant effect on destructive financial behavior.



Conclusion: Considering the impact of financial dogmatism, financial knowledge and financial anxiety on financial risk attitude and financial risk attitude on financial destructive behavior, it is appropriate for capital market managers, financial psychotherapists, financial science researchers and psychiatrists to improve mental health. society's finances by reducing financial anxiety, developing financial knowledge of individuals with the aim of improving financial socialization and reducing financial dogma in appropriate ways and using scientific methods Because in the event of widespread and widespread occurrence of destructive financial behavior by investors, it will quickly and in a structured way witness not only destructive financial behavior, but also threats to the financial health of the society and a sharp decrease in the level of satisfaction of investors. In this valley, less investment gives a sense of psychological and financial security, and as a result, the capital market and other financial markets will be devoid of real investors and capital.