@article{article_1456601, title={Investigating the Effect of Behavioural Finance on Retail Investors’ Stock Performance in Borsa Istanbul and Moderator Role of Psychological Capital in This Effect}, journal={Turkish Research Journal of Academic Social Science}, volume={8}, pages={7–20}, year={2025}, DOI={10.59372/turajas.1456601}, url={https://izlik.org/JA89ZZ85YG}, author={Oflaz, Yusuf and Erkuş, Ahmet and Kangal, Esra}, keywords={Behavioural Finance, Psychological Capital, Stock Performance, Retail Investor, Borsa Istanbul}, abstract={In this study, investigating the effect of behavioural finance on retail investors’ stock performance in Borsa Istanbul and the role of psychological capital in this effect is aimed. In this regard, a survey was conducted on 223 retail investors who make transactions in Borsa Istanbul between 31st December 2022 and 16th January 2023. In survey form, there are eleven questions on identifying participants’ demographical profile, and three scales which are Behavioural Finance Scale with 26 statements, Psychological Capital Scale with 24 statements, and Stock Performance Scale with 9 statements. For data analysis, SPSS-22 program was used. As the result of the study, it is found that behavioural finance factors have partial effect on retail investors’ stock performance, and psychological capital has a partial role in this effect.}, number={1}