Studying the Impact of Certain Behavioural Antecedents on Investment Intention: Evidence from Saudi Arabia

Abstract

Investment and intention to invest is now a matter and hot topic of serious discussion amongst academics, policymakers, social scientists, finance experts, and corporations, particularly in developing countries. However, systematic studies that examine the antecedent behaviours of investment intention are scant. This study was undertaken to bridge this gap in the existing literature by focusing on how behavioural antecedents like financial literacy, financial planning, and risk tolerance influence investment intention. Data for the study was collected online from 405 samples using four structured and standardized questionnaires. The data were analysed using PLS-SEM. The study results indicate that all the proposed paths clearly impacted investment intention. The study is an intense interest to scholars and financial experts, as it is the first to be conducted in Saudi Arabia to examine various behavioural antecedents on investment intention. It is sincerely expected that this study will act as a catalyst for more and further studies in Saudi Arabia and the region. 

Received: 17 May 2024 / Accepted: 28 August 2024 / Published: 05 September 2024