The Effect of Financial Literacy and Demographic Factors on Behavioral Biases of Investors During a Pandemic

Elvira, Veronica and Sutejo, Bertha Silvia and Marciano, Deddy (2022) The Effect of Financial Literacy and Demographic Factors on Behavioral Biases of Investors During a Pandemic. In: Proceedings of the 19th International Symposium on Management (INSYMA 2022), 19-20 May 2022, Surabaya, Indonesia.

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Abstract

The purpose of this study is to look at the impact of financial literacy and demographics on investor behavioral biases in Indonesia. Overconfidence, disposition effect, mental accounting, and herding bias were among the eight variables used in this study, which included four independent variables: financial literacy, age, occupation, and income, as well as four dependent variables: overconfidence, disposition effect, mental accounting, and herding bias. This is a sort of research that uses a quantitative technique to do basic research. The questionnaires were distributed to investors listed on the Indonesia Stock Exchange for this study. The findings reveal that gender and age influence overconfidence bias, that financial literacy and income level influence disposition, that financial literacy and age influence mental accounting, and that financial literacy and occupation influence herding prejudice.

Item Type:	Conference or Workshop Item (Paper)
Uncontrolled Keywords:	Financial behavior; demographic; financial literacy; behavioral biases
Subjects:	H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
Divisions:	Faculty of Business and Economic > Department of Management
Depositing User:	Ester Sri W. 196039
Date Deposited:	25 Sep 2024 03:43
Last Modified:	25 Sep 2024 03:44
URI:	http://repository.ubaya.ac.id/id/eprint/47142

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