标题： 个人投资者投资特征对其财务表现的影响：一项探索性研究 显示英文标题

标题： Impact of Investing Characteristics on Financial Performance of Individual Investors: An Exploratory Study

摘要： 这项探索性研究考察了哪些投资特征决定了股票市场的成功。 基于403名受访者的数据，探索性因子分析得出13个因子：中期/长期时间范围，定性分析师，开放/有纪律，有条理，情绪稳定，天真，成长型股票，集中组合，逆向投资，价值型股票，全球化，内在价值和价格独立。 对这些因子的个人投资者超额收益的多元线性回归显示具有统计显著关系。 这些结果加深了我们对在股票市场中生存所需的投资特征的理解。 显示英文摘要

摘要： This exploratory study examines which investing characteristics determine success in an equity market. Based on data from 403 respondents, exploratory factor analysis results in 13 factors: middle/long time horizon, qualitative analyst, open-minded/disciplined, organized, emotional stability, na\"ive, growth stock, concentrated portfolio, contrarian, value stock, globalized, intrinsic value, and price-independent. Multiple linear regression of individual investors' excess return on these factors show statistically significant relationship. These results deepen our knowledge on what sort of investing characteristics are required to survive in equity markets.