Effect of Fundamental Factors and Demographic Informations on Personality and Investment Decision
Wacana Journal of Social and Humanity Studies
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Title |
Effect of Fundamental Factors and Demographic Informations on Personality and Investment Decision
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Creator |
Sisbintari, Ika
Suhadak, Suhadak Ragil, Siti Nuzula, Nila Firdausi |
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Subject |
behavioral finance; investment decision; fundamental factors; demographic informations; personality
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Description |
Investment decision making is a process that involves investor psychology. Many events in capital market are anomalies that traditional finance cannot explain. Researchers in finance field then turn to non-economic aspects of investor psychology which causes behavioral finance to emerge. In principle, behavioral finance is a study of three fields of science, namely finance, psychology and sociology. This study aims to (1) test and explain the effect of fundamental factors on investment decision; (2) test and explain the effect of demographic informations on personality; (3) test and explain the effect of personality on investment decision; (4) test and explain the effect of demographic informations on investment decision. Data collection was carried out using a questionnaire with a response rate of 72.4% (of the 500 questionnaires sent, 362 returned questionnaires that could be analyzed). Data analysis used Generalized Structured Component Analysis (GeSCA). The results showed that (1) fundamental factors had a significant effect on investment decision; (2) demographic informations had a significant effect on personality; (3) personality had a significant effect on investment decision; (4) demographic informations had a significant effect on investment decision.
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Publisher |
Pascasarjana Universitas Brawijaya
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Contributor |
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Date |
2019-07-07
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Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion Peer-reviewed Article |
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Format |
application/pdf
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Identifier |
https://wacana.ub.ac.id/index.php/wacana/article/view/585
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Source |
Wacana Journal of Social and Humanity Studies; Vol 22, No 3 (2019)
2338-1884 1411-0199 |
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Language |
eng
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Relation |
https://wacana.ub.ac.id/index.php/wacana/article/view/585/460
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Rights |
Copyright (c) 2018 WACANA, Jurnal Sosial dan Humaniora
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