Investor and Portfolio Differences between Generations in Turkish Capital Markets

Generation may lead to differences in the number of individuals in the behavior of economic and social values. The characteristics of the generations can change the expectations of a financial investing and the level of risk. The aim of the study is to determine the investor and portfolio differences between generations in the Turkish capital market. In the study, seven hypotheses were tested according to the chi square test, the kruskal wallis test, and the two-way ANOVA method. According to the results of the analysis; the number of investors and portfolio values differ among generations. In contrast, securities distribution among generations is not statistically significant. It is found that generation and security type as a factor play a significant role in explaining portfolio values and number of investors.