Determining the factors which affect the stock investment decisions of potential female investors in Indonesia

Extending the Theory of Planned Behaviour: Impact of Past Behavioural Biases on the Investment Decision of Indian Investors

“…They found that attitude and social factors are the significant predictors of behavioural intention. From their survey, Mahastanti and Hariady (2014) detected that the intention of female lecturers of an Indonesian university to purchase financial products was influenced by their perceived behavioural control and risk preferences. However, the study did not provide substantial evidence to establish the relationship between subjective norms, attitude and behavioural intention.…”

“…Lin, 2010;Gopi & Ramayah, 2007;Blanchard et al, 2008) have been conducted in various contexts and there are adequate empirical evidences to show that perceived behavioural control has a significant impact on behavioural intention. In the context of financial decision making, Mahastanti and Hariady (2014) suggested that perceived behavioural control can be the only significant predictor for the investors' intention to invest in the stock market. The researchers found that when an individual has the opportunity and ability to invest in the stock market, he/she will then be motivated to perform these actions.…”

Factors Explaining the Market Discipline of Sharia Mutual Funds from a Behavioural Finance Perspective: A Theoretical Approach

“…Previous studies have employed different variables to determine financial behaviour as an extension of the TPB model. These include past behaviour (East, 1993), risk tolerance (Croy et al, 2010) or financial risk tolerance (Magendans et al, 2017), risk propensity (Alleyne & Broome, 2011) or risk preference (Mahastanti & Hariady, 2014), the importance of planning and planning preparedness (Croy et al, 2010), financial literacy (Kennedy, 2013;Sivaramakrishnan et al, 2017) or financial knowledge (Xiao et al, 2011), perceived saving constraints and regulations (Magendans et al, 2017) and satisfaction (Xiao & Wu, 2006). Therefore, the purpose of this study is to develop a theoretical paper that explains the antecedent of market discipline as an extended model of the theory of planned behaviour by adding two variables, namely financial risk tolerance and financial literacy.…”

“…Factors which have been proven to influence intention are risk propensity (Alleyne & Broome, 2011) or risk preferences (Mahastanti & Hariady, 2014). Risk propensity has a positive influence on the intention to invest in shares or to start a new business (Alleyne & Broome, 2011).…”

“…Previous research has employed several variables to determine behavioural intentions and financial behaviour, including past behaviour (East, 1993), risk tolerance (Croy, Gerrans & Speelman, 2010), financial risk tolerance (Magendans, Gutteling & Zebel, 2017), risk propensity (Alleyne & Broome, 2011), risk preference (Mahastanti & Hariady, 2014), planning importance and planning preparedness (Croy et al, 2010), financial literacy (Kennedy, 2013;Sivaramakrishnan, Srivastava & Rastogi, 2017), financial knowledge (Xiao, Tang, Serido & Shim, 2011), subjective financial knowledge, perceived saving barriers, promotion focus, prevention focus, and perceived financial self-efficacy (Magendans et al, 2017) and satisfaction (Xiao & Wu, 2006).…”