INVESTOR BEHAVIOR IN DETERMINING INVESTMENT ON REAL ASSET
Behavior in determining investment is influenced by factors from the fundamental side or individual psychology. This study aims to determine how psychological factors influence investor behavior in determining future investments. This research is a field experimental study using questionnaire data....
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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Universitas Mercu Buana
2019-08-01
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| Series: | MIX: Jurnal Ilmiah Manajemen |
| Subjects: | |
| Online Access: | http://publikasi.mercubuana.ac.id/index.php/Jurnal_Mix/article/view/6081 |
| _version_ | 1818068033470464000 |
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| author | yuniningsih yuniningsih Muhamad Taufiq |
| author_facet | yuniningsih yuniningsih Muhamad Taufiq |
| author_sort | yuniningsih yuniningsih |
| collection | DOAJ |
| description | Behavior in determining investment is influenced by factors from the fundamental side or individual psychology. This study aims to determine how psychological factors influence investor behavior in determining future investments. This research is a field experimental study using questionnaire data. The variables used in investment decision making include loss aversion, regret aversion and illusion of control bias with 15 total indicators. The sample is an investor in the real asset field and the data is processed using the Structural Equation Model (SEM) with the AMOS program. The results showed that psychological factors both loss aversion and illusion of control bias had a significant effect on investment decisions in a positive direction. While regret aversion has a significant effect with negative direction with investment decisions. Novelty in this study, that psychological factors in behavior finance not only affect securities investors but also real asset investors. |
| first_indexed | 2024-12-10T15:33:08Z |
| format | Article |
| id | doaj.art-bce76ecd94fe40f29b5e6debf94e6bd4 |
| institution | Directory Open Access Journal |
| issn | 2088-1231 2460-5328 |
| language | English |
| last_indexed | 2024-12-10T15:33:08Z |
| publishDate | 2019-08-01 |
| publisher | Universitas Mercu Buana |
| record_format | Article |
| series | MIX: Jurnal Ilmiah Manajemen |
| spelling | doaj.art-bce76ecd94fe40f29b5e6debf94e6bd42022-12-22T01:43:19ZengUniversitas Mercu BuanaMIX: Jurnal Ilmiah Manajemen2088-12312460-53282019-08-019232734010.22441/mix.2019.v9i2.0062815INVESTOR BEHAVIOR IN DETERMINING INVESTMENT ON REAL ASSETyuniningsih yuniningsih0Muhamad Taufiq1universitas Pembangunan Nasional"Veteran"Jawa Timur, IndonesiaUniversitas Pembangunan Nasional "veteran" Jawa Timur, IndonesiaBehavior in determining investment is influenced by factors from the fundamental side or individual psychology. This study aims to determine how psychological factors influence investor behavior in determining future investments. This research is a field experimental study using questionnaire data. The variables used in investment decision making include loss aversion, regret aversion and illusion of control bias with 15 total indicators. The sample is an investor in the real asset field and the data is processed using the Structural Equation Model (SEM) with the AMOS program. The results showed that psychological factors both loss aversion and illusion of control bias had a significant effect on investment decisions in a positive direction. While regret aversion has a significant effect with negative direction with investment decisions. Novelty in this study, that psychological factors in behavior finance not only affect securities investors but also real asset investors.http://publikasi.mercubuana.ac.id/index.php/Jurnal_Mix/article/view/6081behavior finance, loss aversion, regret aversion, illusion of control bias, investment decision |
| spellingShingle | yuniningsih yuniningsih Muhamad Taufiq INVESTOR BEHAVIOR IN DETERMINING INVESTMENT ON REAL ASSET MIX: Jurnal Ilmiah Manajemen behavior finance, loss aversion, regret aversion, illusion of control bias, investment decision |
| title | INVESTOR BEHAVIOR IN DETERMINING INVESTMENT ON REAL ASSET |
| title_full | INVESTOR BEHAVIOR IN DETERMINING INVESTMENT ON REAL ASSET |
| title_fullStr | INVESTOR BEHAVIOR IN DETERMINING INVESTMENT ON REAL ASSET |
| title_full_unstemmed | INVESTOR BEHAVIOR IN DETERMINING INVESTMENT ON REAL ASSET |
| title_short | INVESTOR BEHAVIOR IN DETERMINING INVESTMENT ON REAL ASSET |
| title_sort | investor behavior in determining investment on real asset |
| topic | behavior finance, loss aversion, regret aversion, illusion of control bias, investment decision |
| url | http://publikasi.mercubuana.ac.id/index.php/Jurnal_Mix/article/view/6081 |
| work_keys_str_mv | AT yuniningsihyuniningsih investorbehaviorindetermininginvestmentonrealasset AT muhamadtaufiq investorbehaviorindetermininginvestmentonrealasset |