Determination of Long-term Investment Intentions: Moderating Role of Construal Priming
Contemporary Economics (2020), Vol. 14 No. 4, pp. 418-427
10 Pages Posted: 10 May 2021
Date Written: December 22, 2020
The current study investigates long-term investment intentions by linking the moderating role of construal priming in the causal relationship to defensive pessimism, which is a novel approach. The data was collected from 450 employees of private institutions by means of questionnaires and PLS-SEM was used in analysis. The results indicated a positive relationship between defensive pessimism, self-control, consumer financial product bias, and long-term investment. In addition, negative moderation role of the level of construal priming was observed, along with the links of defensive pessimism and long-term investment. Thus, the study provides crucial contexts for understanding long-term investment intentions from a behavioral perspective, which is often ignored in the financial management literature.
Keywords: Level of construal priming, defensive pessimism, long-term investment, consumer financial product bias
JEL Classification: G41, G51
Suggested Citation: Suggested Citation