The Use of Investment Assessment and Decision Systems: The Impact of Investor Characteristics

Abstract

This article discusses about the relationship between investor characteristics and investment decisions as well as the evaluation or valuation of information used. The method was used by conducting a literature review. Investigations were carried out on the relationship between investor characteristics and values in their dimensions. Investors who are anti-risk should use more information, especially the process-oriented information. Investors with a low tolerance for ambiguity will use more information, especially the financial, quantitative, and unique information. Investors with an external locus of control will use less information and need more external information. Investors with high performance requirements will use more information, especially quantitative information and processes. Investors who have experience in assessing the feasibility of investment projects will emphasize non-financial information, especially the process information.