Purpose

The purpose of this paper is to investigate the relationship between defence mechanisms, one of the unconscious processes, and phantasy. In addition, the scale of financial defence mechanisms, which is a version of the defence mechanisms adapted to financial issues, has been developed and tested.

Design/methodology/approach

For this purpose, first, a pilot study was conducted for the financial defence mechanism scale. The data was collected 179 subjects in Turkey through online surveys with convenience sampling method between the dates of 6 March and 21 March 2020, and then additional data was collected in Turkey between the dates of 28 April and 14 June 2020. The total number of subjects is 644. The authors exploited IBM SPSS Statistics and AMOS for analysis. Exploratory factor analysis, ANOVA, Independent t-test and Correlation analysis were performed. In addition, confirmatory factor analysis was performed after additional data collection process with structural equation modelling.

Findings

As a result of the analyses, only two of the defence mechanisms (mature and neurotic) and three of the financial defence mechanisms (mature, neurotic and immature) were found to be positively correlated with phantasy, which is considered a determinant of financial bubbles. In addition, a positive relationship was found between risky investment intention and two of the defence mechanisms (immature and neurotic) and three of the financial defence mechanisms (mature, immature and neurotic).

Originality/value

The study is unique due to its findings and developed scale. The findings are valuable in that the theoretically alleged relations were also obtained empirically.

中文翻译：

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金融防御机制与幻想对风险投资意愿的影响

目的

本文的目的是研究防御机制、一种无意识过程和幻想之间的关系。此外，金融防御机制的规模，这是适应金融问题的防御机制的一个版本，已经开发和测试。

设计/方法/方法

为此，首先对金融防御机制规模进行了试点研究。数据是在 2020 年 3 月 6 日至 3 月 21 日期间通过在线调查和便利抽样方法在土耳其收集的 179 名受试者，然后在 2020 年 4 月 28 日至 6 月 14 日期间在土耳其收集了额外数据。 受试者总数是 644。作者利用 IBM SPSS Statistics 和 AMOS 进行分析。进行了探索性因素分析、方差分析、独立t检验和相关分析。此外，在使用结构方程建模进行额外的数据收集过程后，进行了验证性因素分析。

发现

分析结果表明，只有两种防御机制（成熟和神经质）和三种金融防御机制（成熟、神经质和不成熟）与幻想呈正相关，幻想被认为是金融泡沫的决定因素。此外，风险投资意愿与两种防御机制（不成熟和神经质）和三种金融防御机制（成熟、不成熟和神经质）之间存在正相关关系。

原创性/价值

由于其发现和发展的规模，该研究是独一无二的。这些发现是有价值的，因为理论上声称的关系也是根据经验获得的。