Investor Behavioral Bias Based on Demographic Characteristics

Elizabeth, Jessica and Murhadi, Werner Ria and Sutejo, Bertha Silvia (2020) Investor Behavioral Bias Based on Demographic Characteristics. In: Proceedings of the 17 th International Symposium on Management (INSYMA 2020), February 19-21, 2020, Ba Ria Vung Tau University.

PDF Bertha Silvia Sutejo_Investor Behavioral Bias.pdf Download (421kB)

Abstract

This study aims to examine the effect of demographic characteristics such as age, gender, income, and occupation on investor behavioral biases such as overconfidence bias, disposition effect, and herding bias. This research was conducted by distributing questionnaires to respondents who are 151 stock investors listed on the Indonesia Stock Exchange with a minimum age of 17 years. The results of the study showed that each dependent variable was at least influenced by one of the demographic characteristics. From the hypothesis test, it can be seen that overconfidence bias was influenced by gender and income. While the disposition effect was influenced by age, and the herding behavior bias was influenced by occupation.

Item Type:	Conference or Workshop Item (Paper)
Uncontrolled Keywords:	behavioral bias, overconfidence bias, disposition effect, herding bias
Subjects:	H Social Sciences > HG Finance
Divisions:	Faculty of Business and Economic > Department of Management
Depositing User:	Bertha Silvia Sutedja
Date Deposited:	10 May 2021 03:21
Last Modified:	19 Dec 2024 06:04
URI:	http://repository.ubaya.ac.id/id/eprint/39513

Actions (login required)

View Item