Thesis: Management’s share transactions effect on investment behaviour of private investors

Hi.

I am studying in the International Business degree program at Haaga-Helia University of Applied Sciences and I am currently working on my thesis. In my study, I am researching how management stock trades affect the investment behavior of private investors.

The survey is aimed at private investors who invest their own money in direct stocks. Since my degree program is in English, both the research and the related survey are in English. There are 18 questions in the survey and it takes less than five minutes to complete. The survey is anonymous.

The research was inspired by the Inderes forum, where management stock trades are actively monitored and discussed, so it is only right that I publish it here first :grin: .

The survey is open until February 1, 2026.

Thank you in advance to everyone who responds.

Link to the survey

34 Likes

Responded. Interesting topic! Good luck with your thesis!

4 Likes

Many thanks! Knowing myself, I had to choose a topic that was interesting to me too, or this wouldn’t have come to anything :innocent:

3 Likes

Responded. The lack of Finnish might slightly reduce the number of respondents. I’m looking forward to the results!

2 Likes

Thank you for the response.

I tried to take that into account by using as much simple vocabulary as possible and avoiding technical jargon. Let’s hope it’s enough, though.

2 Likes

Interesting topic, good luck with your thesis!

In the open-ended field, I would have added that my assessment of the significance of transactions is fundamentally influenced by the fact that sometimes company management might be completely clueless about the basics of valuation, and even good management doesn’t necessarily have any deep expertise in valuation. That’s why I take these signals with a grain of salt, but I don’t ignore them :slight_smile:

19 Likes

I replied. It would be nice if you could remember to link your thesis here once it’s finished.

5 Likes

Thank you. I’ll definitely remember. If this is finally completed, I’ll certainly want to shout it to the whole world.

5 Likes

I replied assuming we were talking about significant sums of money. Those ten-grand trades don’t mean a thing; they could be anything from price manipulation to kitchen renovations, but when millions are moving, I strangely start to consider it interesting insider information.

3 Likes

Answered! Good luck with your thesis. If you keep your mind on the work every day, it’ll be finished in no time.

2 Likes

There is still this weekend left to respond, so if you have missed this survey and are interested in research on how management’s stock trades affect retail investors’ investment decisions, please go and respond :grin:

1 Like

I’m also chipping away at my thesis right now, and even though I like the topic, digging up the motivation for it is quite challenging.

2 Likes

You wouldn’t believe how much I relate :grinning_face_with_smiling_eyes: I’m just trying to keep in mind how good it will feel when this whole thing is finally wrapped up :flexed_biceps:

2 Likes

Responded, and what a great topic.

Best of luck with writing your thesis and for your future career, whatever that may be.

2 Likes