The Antecedents Affecting the Adoption and Implementation of Mobile Technologies by Individual Investors

Purpose: Mobile technology is technology that is always available. Mobile devices reduce the need for expensive technology, such as landline carrier services. Mobile technologies provide individual investors with the opportunity to access financial information at any time and place they need. Therefore, this study attempts to investigate the antecedents affecting the adoption and use of mobile technologies by individual investors in the Tehran Stock Exchange.

Method: The present study is practical in nature and is considered as a descriptive-exploratory correlation study. The required data collected through the distribution of questionnaires among 310 individual investors. In this study, a simple random sampling was used. The time period of this study is the first half of 2024. Hierarchical regression method was used to analyze the data.

Findings: This study includes two dependent variables of making investment decisions and stock trading. This study includes two dependent variables of making investment decisions and stock trading. Independent variables included objective knowledge, subjective knowledge, investment confidence, risk tolerance, mobile financial services familiarity, portfolio value, investment type, gender, education, income and workplace. These variables entered into the model in three stages. Regarding the first two models of both dependent variables, all the variables included in the models were significant. Regarding the third model of the first dependent variable (use of mobile technologies to make investment decisions), except for the variables related to familiarity with mobile financial services, the rest of the variables were significant. Regarding the third model of the second dependent variable (use of mobile technologies for stock trading), all variables were significant.

Conclusion: Since the development of financial technologies, mobile financial services, and the future potential in open banking is done with the purpose of meeting the needs of users, therefore, understanding the investors' characteristics as antecedents of mobile investing adoption is of interest. Furthermore, regulatory development for mobile investing in the financial technologies is also necessary in order to increase trust and better serve investors. Finally, mobile technologies can help individual investors to access easier of transactions and automate portfolio management and allocation.

Purpose: Mobile technology is technology that is always available. Mobile devices reduce the need for expensive technology, such as landline carrier services. Mobile technologies provide individual investors with the opportunity to access financial information at any time and place they need. Therefore, this study attempts to investigate the antecedents affecting the adoption and use of mobile technologies by individual investors in the Tehran Stock Exchange.

Method: The present study is practical in nature and is considered as a descriptive-exploratory correlation study. The required data collected through the distribution of questionnaires among 310 individual investors. In this study, a simple random sampling was used. The time period of this study is the first half of 2024. Hierarchical regression method was used to analyze the data.

Findings: This study includes two dependent variables of making investment decisions and stock trading. This study includes two dependent variables of making investment decisions and stock trading. Independent variables included objective knowledge, subjective knowledge, investment confidence, risk tolerance, mobile financial services familiarity, portfolio value, investment type, gender, education, income and workplace. These variables entered into the model in three stages. Regarding the first two models of both dependent variables, all the variables included in the models were significant. Regarding the third model of the first dependent variable (use of mobile technologies to make investment decisions), except for the variables related to familiarity with mobile financial services, the rest of the variables were significant. Regarding the third model of the second dependent variable (use of mobile technologies for stock trading), all variables were significant.

Conclusion: Since the development of financial technologies, mobile financial services, and the future potential in open banking is done with the purpose of meeting the needs of users, therefore, understanding the investors' characteristics as antecedents of mobile investing adoption is of interest. Furthermore, regulatory development for mobile investing in the financial technologies is also necessary in order to increase trust and better serve investors. Finally, mobile technologies can help individual investors to access easier of transactions and automate portfolio management and allocation.