股票投资决策中个人投资者行为的决定因素

R. Pahlevi, Indri Irma Oktaviani
{"title":"股票投资决策中个人投资者行为的决定因素","authors":"R. Pahlevi, Indri Irma Oktaviani","doi":"10.26905/afr.v1i2.2427","DOIUrl":null,"url":null,"abstract":"The quality of individual investor behavior in making stock investment decisions is very important to be understood as a reference of the movement of the capital market. This research using descriptive analysis technique, and inferential analysis, using Structural Equation Model (SEM), using the help of software PLS (Partial Least Square). The population used in this study are individual investors (student in Yogyakarta area) who actively transact on the Indonesia Stock Exchange. The sample used in this research is the investor who is still a member of the Capital Market Study Group (KSPM) at several universities in Yogyakarta. Based on the result of the research, It can be concluded that the attitude, subjective norm, perception of behavior control, subjective norm, overconfidence, excessive optimism, herd behavior have positive effect on investors' intention in investing, and there is no influence between psychology of risk to investor attitude in investing. The quality of individual investor behavior in making stock investment decisions is very important to be understood as a reference of the movement of the capital market. This research using descriptive analysis technique, and inferential analysis, using Structural Equation Model (SEM), using the help of software PLS (Partial Least Square). The population used in this study are individual investors (student in Yogyakarta area) who actively transact on the Indonesia Stock Exchange. The sample used in this research is the investor who is still a member of the Capital Market Study Group (KSPM) at several universities in Yogyakarta. Based on the result of the research, It can be concluded that the attitude, subjective norm, perception of behavior control, subjective norm, overconfidence, excessive optimism, herd behavior have positive effect on investors' intention in investing, and there is no influence between the psychology of risk to investor attitude in investing. DOI: https://doi.org/10.26905/afr.v1i2.2427","PeriodicalId":33772,"journal":{"name":"AFRE Accounting and Financial Review","volume":"10 1","pages":""},"PeriodicalIF":0.0000,"publicationDate":"2018-12-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"22","resultStr":"{\"title\":\"Determinants of Individual Investor Behaviour in Stock Investment Decisions\",\"authors\":\"R. Pahlevi, Indri Irma Oktaviani\",\"doi\":\"10.26905/afr.v1i2.2427\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"The quality of individual investor behavior in making stock investment decisions is very important to be understood as a reference of the movement of the capital market. This research using descriptive analysis technique, and inferential analysis, using Structural Equation Model (SEM), using the help of software PLS (Partial Least Square). The population used in this study are individual investors (student in Yogyakarta area) who actively transact on the Indonesia Stock Exchange. The sample used in this research is the investor who is still a member of the Capital Market Study Group (KSPM) at several universities in Yogyakarta. Based on the result of the research, It can be concluded that the attitude, subjective norm, perception of behavior control, subjective norm, overconfidence, excessive optimism, herd behavior have positive effect on investors' intention in investing, and there is no influence between psychology of risk to investor attitude in investing. The quality of individual investor behavior in making stock investment decisions is very important to be understood as a reference of the movement of the capital market. This research using descriptive analysis technique, and inferential analysis, using Structural Equation Model (SEM), using the help of software PLS (Partial Least Square). The population used in this study are individual investors (student in Yogyakarta area) who actively transact on the Indonesia Stock Exchange. The sample used in this research is the investor who is still a member of the Capital Market Study Group (KSPM) at several universities in Yogyakarta. Based on the result of the research, It can be concluded that the attitude, subjective norm, perception of behavior control, subjective norm, overconfidence, excessive optimism, herd behavior have positive effect on investors' intention in investing, and there is no influence between the psychology of risk to investor attitude in investing. DOI: https://doi.org/10.26905/afr.v1i2.2427\",\"PeriodicalId\":33772,\"journal\":{\"name\":\"AFRE Accounting and Financial Review\",\"volume\":\"10 1\",\"pages\":\"\"},\"PeriodicalIF\":0.0000,\"publicationDate\":\"2018-12-25\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"22\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"AFRE Accounting and Financial Review\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.26905/afr.v1i2.2427\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"\",\"JCRName\":\"\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"AFRE Accounting and Financial Review","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.26905/afr.v1i2.2427","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 22

摘要

个人投资者在股票投资决策中的行为质量作为资本市场运动的参考是非常重要的。本研究采用描述性分析技术,并结合推理分析,采用结构方程模型(SEM),借助偏最小二乘法(PLS)软件。本研究中使用的人口是在印度尼西亚证券交易所积极交易的个人投资者(日惹地区的学生)。本研究中使用的样本是投资者,他仍然是日惹几所大学资本市场研究小组(KSPM)的成员。研究结果表明,态度、主观规范、行为控制感知、主观规范、过度自信、过度乐观、从众行为对投资者的投资意向有正向影响,风险心理对投资者的投资态度没有影响。个人投资者在股票投资决策中的行为质量作为资本市场运动的参考是非常重要的。本研究采用描述性分析技术,并结合推理分析,采用结构方程模型(SEM),借助偏最小二乘法(PLS)软件。本研究中使用的人口是在印度尼西亚证券交易所积极交易的个人投资者(日惹地区的学生)。本研究中使用的样本是投资者,他仍然是日惹几所大学资本市场研究小组(KSPM)的成员。研究结果表明,态度、主观规范、行为控制感知、主观规范、过度自信、过度乐观、从众行为对投资者的投资意向有正向影响,风险心理对投资者的投资态度没有影响。DOI: https://doi.org/10.26905/afr.v1i2.2427
本文章由计算机程序翻译,如有差异,请以英文原文为准。
Determinants of Individual Investor Behaviour in Stock Investment Decisions
The quality of individual investor behavior in making stock investment decisions is very important to be understood as a reference of the movement of the capital market. This research using descriptive analysis technique, and inferential analysis, using Structural Equation Model (SEM), using the help of software PLS (Partial Least Square). The population used in this study are individual investors (student in Yogyakarta area) who actively transact on the Indonesia Stock Exchange. The sample used in this research is the investor who is still a member of the Capital Market Study Group (KSPM) at several universities in Yogyakarta. Based on the result of the research, It can be concluded that the attitude, subjective norm, perception of behavior control, subjective norm, overconfidence, excessive optimism, herd behavior have positive effect on investors' intention in investing, and there is no influence between psychology of risk to investor attitude in investing. The quality of individual investor behavior in making stock investment decisions is very important to be understood as a reference of the movement of the capital market. This research using descriptive analysis technique, and inferential analysis, using Structural Equation Model (SEM), using the help of software PLS (Partial Least Square). The population used in this study are individual investors (student in Yogyakarta area) who actively transact on the Indonesia Stock Exchange. The sample used in this research is the investor who is still a member of the Capital Market Study Group (KSPM) at several universities in Yogyakarta. Based on the result of the research, It can be concluded that the attitude, subjective norm, perception of behavior control, subjective norm, overconfidence, excessive optimism, herd behavior have positive effect on investors' intention in investing, and there is no influence between the psychology of risk to investor attitude in investing. DOI: https://doi.org/10.26905/afr.v1i2.2427
求助全文
通过发布文献求助,成功后即可免费获取论文全文。 去求助
来源期刊
自引率
0.00%
发文量
11
审稿时长
24 weeks
×
引用
GB/T 7714-2015
复制
MLA
复制
APA
复制
导出至
BibTeX EndNote RefMan NoteFirst NoteExpress
×
提示
您的信息不完整,为了账户安全,请先补充。
现在去补充
×
提示
您因"违规操作"
具体请查看互助需知
我知道了
×
提示
确定
请完成安全验证×
copy
已复制链接
快去分享给好友吧!
我知道了
右上角分享
点击右上角分享
0
联系我们:info@booksci.cn Book学术提供免费学术资源搜索服务,方便国内外学者检索中英文文献。致力于提供最便捷和优质的服务体验。 Copyright © 2023 布克学术 All rights reserved.
京ICP备2023020795号-1
ghs 京公网安备 11010802042870号
Book学术文献互助
Book学术文献互助群
群 号:481959085
Book学术官方微信