University of Isfahan Journal of Asset Management and Financing 2383-1189 6 1 2018 04 21 Assessing the impact of investors mental status on risk taking behavior of Tehran Stock Exchange Investors Assessing the impact of investors mental status on risk taking behavior of Tehran Stock Exchange Investors 107 120 21352 10.22108/amf.2017.21352 FA Behrouz Larisemnani Professor, Department of Business Administration, Payame Noor University (PNU), P.O Box, 19395-4697 Tehran, Iran Journal Article 2017 02 02 With respect to financial decisions in daily life of investors, in this research we assess the mental state of investors on their risk taking behavior in Tehran stock exchange. Risk taking is the degree of encouragement investors has in order to take innovation and do extraordinary jobs. Mental state is composed of sustainable emotions with external expression in different degrees and continuity for kinds of investors. All Tehran stock exchange investors were among the study and 386 samples were selected. For mental state and risk taking behavior data gathered on the basis of PANAS and risk taking standard questioners in turn. Hypothesis tested by structural equation modeling with partial least square approach. Results show risk taking is positively affected by high positive affection and low negative affection besides negatively affected by low positive affection and high negative affection. High positive affection has the highest impact and low positive affection has the lowest impact on risk taking behavior. With respect to financial decisions in daily life of investors, in this research we assess the mental state of investors on their risk taking behavior in Tehran stock exchange. Risk taking is the degree of encouragement investors has in order to take innovation and do extraordinary jobs. Mental state is composed of sustainable emotions with external expression in different degrees and continuity for kinds of investors. All Tehran stock exchange investors were among the study and 386 samples were selected. For mental state and risk taking behavior data gathered on the basis of PANAS and risk taking standard questioners in turn. Hypothesis tested by structural equation modeling with partial least square approach. Results show risk taking is positively affected by high positive affection and low negative affection besides negatively affected by low positive affection and high negative affection. High positive affection has the highest impact and low positive affection has the lowest impact on risk taking behavior. https://amf.ui.ac.ir/article_21352_3bcc4c9eda8bf06b073503b98ab4b29f.pdf