The Effect of Loss Aversion Bias and Regret Aversion Bias on Financial Decisions with Financial Literacy as an Intervening Variable

IF 2.5 4区管理学 Q2 BUSINESS, FINANCE

Abacus-A Journal of Accounting Finance and Business Studies Pub Date : 2023-01-31 DOI:10.47153/afs31.5512023

Fazlur Rahman Rahawarin

引用次数: 1

Abstract

Decision-making is difficult for everyone, including MSMEs. This study describes the relationship between behavioral bias, namely loss aversion bias and regret aversion bias on decision making. Financial literacy becomes an intervening variable in explaining the relationship between the two. This study took 125 SMEs in Bululawang using a questionnaire. Data analysis was performed using SEM analysis and using the AMOS application. The results show that loss aversion bias and regret aversion bias affect investment decision-making. Likewise, financial literacy can be an intervening variable that can affect the relationship between the two

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以财务素养为中介变量的损失厌恶偏差和后悔厌恶偏差对财务决策的影响

决策对每个人来说都是困难的，包括中小微企业。本研究描述了行为偏见，即损失厌恶偏见和后悔厌恶偏见在决策中的关系。在解释两者之间的关系时，金融素养成为一个中介变量。本研究以Bululawang地区125家中小企业为研究对象，采用问卷调查法。使用SEM分析和AMOS应用程序进行数据分析。结果表明，损失厌恶偏见和后悔厌恶偏见影响投资决策。同样，金融知识也可以是一个影响两者关系的中介变量

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Abacus-A Journal of Accounting Finance and Business Studies BUSINESS, FINANCE-

CiteScore

3.30

自引率

4.80%

发文量

期刊介绍： Since 1965 Abacus has consistently provided a vehicle for the expression of independent and critical thought on matters of current academic and professional interest in accounting, finance and business. The journal reports current research; critically evaluates current developments in theory and practice; analyses the effects of the regulatory framework of accounting, finance and business; and explores alternatives to, and explanations of, past and current practices.