Faktor-Faktor Yang Mempengaruhi Keputusan Investasi Properti Pada Kota Batam

Abstract

Perilaku keputusan investasi mulai menarik perhatian akademisi internasional. Penelitian ini dilakukan untuk mengetahui pengaruh behavioral finance dengan menerapkan variabel overconfidence, representativeness, mental accounting, loss aversion dan herding terhadap keputusan investasi. Jumlah sampel yang dikumpulkan dan digunakan dalam penelitian berjumlah 203 responden di Kota Batam dan dianalisis menggunakan metode regresi linier berganda. Hasil penelitian menunjukkan bahwa overconfidence, mental accounting, dan herding berpengaruh positif signifikan terhadap keputusan investasi, sedangkan variabel representativeness dan loss aversion tidak berpengaruh terhadap keputusan investasi.

Determination Analysis of Investment Decision-Making

“…As a result, those who act with overconfidence, have confidence in the investments they make, are unaware of the risks they will face, and there is no support of the most relevant knowledge and information, so that it can mislead the public, that they also do not have good skills in investing, many people make mistakes in making the right investment decisions and fall into the trap of fraudsters in the name of investment. This research is in line with the research of Hesniati & Dedy (2021) states that overconfidence bias has a significant positive effect on investment decisions, reinforced by Aigbovo & Ilaboya (2019), Berliana (2021), Sabilla & Pertiwi (2021), Feriyana et al ( 2020), Supriadi (2022) and Handoyo et al (2019).…”

“…In Feriyana et al (2020), there is a significant difference between investment decisions influenced by mental accounting and without mental accounting. This is following research conducted by Aigbovo & Ilaboya (2019), Anggini et al (2019), Supriadi (2022) which shows that mental accounting affects investment decisions, also supported by Hesniati & Dedy (2021), showing that mental accounting affects investment decision making has a significant positive impact. However, this research is not in line with the research conducted by Widyaningrum (2021), Mahadevi & Asandimitra (2021) which shows that mental accounting does not significantly affect investment decision-making.…”

“…Therefore, harnessing overconfidence bias in a measured manner can potentially enhance investment decisions by encouraging individuals to act on their convictions when warranted. Research conducted by Hesniati & Dedy (2021) states that overconfidence bias has a significant positive effect on investment decisions, reinforced by Aigbovo & Ilaboya (2019), Sabilla & Pertiwi (2021), Feriyana et al (2020), and Handoyo et al (2019. H1: Overconfidence bias positively affects investment decisions.…”