Investigating the framework of stock trading movements considering the relationship between individual and group action

This paper studies the relationship framework between individual and group acts of stock trading activities in Tehran stock exchange which leads to the development of a cohesive relationship model for individual and group acts of stock trading behaviors. It has a quantitative–qualitative hybrid approach in which the model is designed by using Delphi technique at first stage, and it is tested and assessed by using structural equation modeling method at second stage. The model shows that areas of financial capability, financial capacity, word-of-mouth communication, mass media, financial consultation, stock trading behaviors, and personality are considered as causal conditions of relationship framework of individual and group acts which affect that process positively and meaningfully.