Decisions to trade derivatives: Expirical evidence of research in Vietnam

Abstract

Since being established to date, the Vietnam derivatives markets have attracted concerns from many investors and policymakers. However, because the markets are new and young, the quantity and volume of transactions are limited. Therefore, this research with data collected from a sample of 350 individual investors was designed and conducted to investigate determinants of derivative securities transactions. An OLS regression analysis was applied and results revealed factors including investor’s awareness, attitude toward risk, investors’ knowledge, interests, and profits are determinants of derivative securities transactions by investors whereas the statistical evidence of the impact of price-trend information on derivative transactions has not enough.

Keywords

• giao dịch chứng khoán phái sinh
• nhà đầu tư cá nhân
• nhà đầu tư tổ chức
• nhận thức của nhà đầu tư
• quyết định đầu tư