Joseph Gichuki|Prof. Nemwel Bosire|Antony Wahome
Determinants of Investment Decisions among Pensioners at Kabarak University, Kenya
Jomo Kenyatta University of Agriculture and Technology|Jomo Kenyatta University of Agriculture and Technology
pensions funds principal sources retirement income millions people worldthe need reinvesting ones retirement savings improve level income pensioners important issue facing contemporary society among retirees without sound investment plan financial literacy back investment activitiesthis study thus sought assess determinants investment decisions pensioners institutions higher learning kenyathe objectives study determine income levels influence investment decisions pensioners institutions higher learning investigate financial literacy influences investment decisions pensioners institutions higher learning establish retirement age influences investment decisions made pensioners institutions higher learningthe study based three major theories life cycle savings theory bequest theory precautionary motives theorythe study used descriptive research design target population 302 pensioners study used stratified sampling technique select representative sample 76 pensioners census collected information every member sample population actual research data collected cleaned analyzed using spss version 20 study conducted descriptive analysis inferential analysis explain relationships independent variables dependent variable pearson correlation analysis done show relationships variables findings presented tablesthere statistically significant strong positive correlation financial literacy 299p 007 001 investment decisions pensioner kabarak universitythe study found statistically significant weak positive correlation coefficient investment opportunities 043 p 366001 investment decisions pensioner kabarak universitythe study concludes investment decisions influenced investments made pensioners kabarak universitythe study recommended necessary undertake savings investments projects present better returns guarantee payoffsit recommended studies done assess implications determinants effectiveness choice investment decisions made pensioners