Systematic review of behavioral bias and investment decision in SME's

Key Points

• To explore how behavioral biases impact investment decisions in small and medium enterprises (SMEs).
• Conducted a systematic review of existing literature on behavioral biases and SMEs.
• Analyzed the implications of identified biases on investment decision-making processes.
• Found significant evidence of various behavioral biases affecting investment decisions in SMEs.
• Highlighted specific biases, including overconfidence and loss aversion, that frequently impact outcomes.