Investors’ financial aspirations excite investment decisions: current income, future inheritance expectations, and short-term and long-term decisions—The Matthew Effect in Pakistan’s emerging markets

What is it about?

Investors with high monetary aspirations and high income avoid short-term investments. Investors with high aspirations engage in long-term investment regardless of income. Investors with high monetary aspirations and expected future inheritance engage in both short- and long-term investment decisions. Professional money managers have a stronger short-term orientation than individual investors. Lack of wealth (current income and future inheritance) motivates greedy investors to take more risks and become more vulnerable than non-greedy ones—investors’ financial resources-wealth matter.

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