Literasi Keuangan dan Faktor Sosiodemografi terhadap Keputusan Investasi melalui Bias Perilaku

Sartika, Farahiyah; Humairo, Nurul

doi:10.30596/jimb.v22i2.7766

Cited by 12 publications

(17 citation statements)

References 12 publications

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“…The analysed data from testing hypothesis 1a show a substantial positive connection between financial literacy and overconfidence bias. The results of this study are supported by Baker et al (2018); Rasool and Ullah (2020); Sartika and Humairo (2021) and Wendy (2021) which show a strong positive association between financial literacy and overconfidence bias. Financial literacy can help investment decisions become more rational (Ateş, Coşkun, Şahin, & Demircan, 2016).…”

Section: Resultssupporting

confidence: 75%

The effect of financial literacy and demographic variable on behavioral biases

Murhadi,

Frederica,

Marciano

2024

5002

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The current research investigates the association between demographic factors, including financial knowledge and demographic characteristics like gender, occupation, age, education, and income, and investor behavior biases, including bias against overconfidence, disposition effect, and herding bias. Further enhancement of behavioural finance research is required in Indonesia. This study applied a quantitative analysis technique called structural equation modeling. Stock investors aged 17 and 40 were given questionnaires for this study. Respondent data collection was carried out by distributing questionnaires through several social media sites, such as Line, WhatsApp, and Instagram, to members of the investor’s community. The total number of respondents obtained from distributing this questionnaire was 170. According to the study, overconfidence bias significantly affects income and financial literacy. However, overconfidence bias does not affect gender, occupation, investment experience, education, or age. Furthermore, for behavioral biases, the disposition effect does not affect financial literacy or all demographic factors. Finally, for herding behavior bias, bias significantly affects financial literacy, investment experience, and income, but herding bias does not affect gender, occupation, education, age, or income. These results have implications for investors with a high level of financial literacy, which will help them determine rational investment decisions. This research also has implications for high-income investors who tend not to follow herding behavior.

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Section: Resultssupporting

confidence: 75%

The effect of financial literacy and demographic variable on behavioral biases

Murhadi,

Frederica,

Marciano

2024

5002

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“…Terdapat kesenjangan dalam literatur yang belum sepenuhnya menggali kompleksitas hubungan antara persepsi risiko, sikap terlalu percaya diri, dan keputusan investasi investor pemula (Fatimah & Trihudiyatmanto, 2021). Penelitian sebelumnya menyoroti pentingnya memahami faktor-faktor psikologis ini, namun masih diperlukan penelitian lebih lanjut yang mendalam untuk mengisi kesenjangan pengetahuan yang ada (Jamali et al, 2023).…”

Section: Pendahuluanunclassified

“…Penelitian terkait hubungan Overconfidence juga tidak berpengaruh terhadap Keputusan investasi (Niswah, 2023). Meskipun demikian, penelitian lain menunjukkan bahwa literasi keuangan, persepsi resiko dan Overconfidence berpengaruh terhadap keputusan investasi (Fatimah & Trihudiyatmanto, 2021;Ramadhan, 2022;Sudirman & Pratiwi, 2022).…”

Section: Pendahuluanunclassified

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Keputusan Investasi Investor Pemula: Peran Literasi Keuangan, Persepsi Resiko Dan Overconfidance Dalam Mempengaruhi Keputusan Investasi Investor Pemula Di Lantai Bursa

Bahri,

Aeni,

Risqiya

2024

JAFIN

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Investor pemula hendaknya mempertimbangkan beberapa faktor sebelum memutuskan berinvestasi saham. Literasi keuangan, persepsi risiko, dan Overconfidence merupakan beberapa faktor yang menjadi bahan pertimbangan seorang investor pemula sebelum berinvestasi saham. Penelitian ini bertujuan untuk menganalisis pengaruh literasi keuangan, persepsi risiko, dan Overconfidence terhadap keputusan investasi investor pemula. Penelitian ini menggunakan sampel sebanyak 100 responden investor pemula dengan metode Purposive Sampling dengan kriteria generasi milenial golongan pelajar berusia 18-24 tahun. Penelitian ini menggunakan metode analisis regresi linier berganda untuk menguji pengaruh variabel X terhadap Y. Hasil penelitian ini menunjukkan bahwa variabel literasi keuangan, persepsi risiko, dan Overconfidence berpengaruh terhadap variabel keputusan investasi.

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“…al (2022); Chong et al (2021); Kurniawan et al (2020) and Singh et al (2019) stated that Financial Literacy has a positive and significant effect on Financial Behavior. In research conducted by Purwidianti et al (2022); Humairo & Sartika (2021) and Perwito et al (2020) show that Financial Literacy has a positive effect on Financial Behavior. These results are strengthened by research conducted by (Darwati et al, 2022); Dewi & Krisnawati (2020); Raut (2020) and Hamdani (2018) which prove that Financial Literacy has a significant effect on Financial Behavior.…”

Section: Introductionmentioning

confidence: 98%

Millennials’ Investment Decision in Capital Market Investment With Financial Behavior as An Intervening Variable

Ramadani

Tubastuvi

Fitriati

et al. 2023

REAKSI

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This study aims to analyze the influence of financial literacy, financial experience, financial self-efficacy and risk tolerance on investment decisions mediated by financial behavior. The population in this study were local individual investors in the Indonesian Capital Market. Sample selection in this study was carried out using purposive sampling techniques. The sample used in this study was 300 samples. The data analysis techniques used in this study are descriptive statistical analysis, instrument testing, classical assumption test, multiple linear regression analysis, model fit test, and hypothesis test. The results of the study show that financial literacy, financial experience and financial self-efficacy have a positive effect on financial behavior. Risk tolerance does not have a positive impact on financial behavior. Financial literacy, financial self-efficacy, risk tolerance and financial behavior positively influence investment decisions. Financial experience has no positive effect on investment decisions. Financial behavior has proven to be able to mediate the influence of financial literacy, financial experience and financial self-efficacy on investment decisions. Financial behavior has proven unable to mediate the effect of risk tolerance on investment decisions.

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Literasi Keuangan dan Faktor Sosiodemografi terhadap Keputusan Investasi melalui Bias Perilaku

Cited by 12 publications

References 12 publications

The effect of financial literacy and demographic variable on behavioral biases

The effect of financial literacy and demographic variable on behavioral biases

Keputusan Investasi Investor Pemula: Peran Literasi Keuangan, Persepsi Resiko Dan Overconfidance Dalam Mempengaruhi Keputusan Investasi Investor Pemula Di Lantai Bursa

Millennials’ Investment Decision in Capital Market Investment With Financial Behavior as An Intervening Variable

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