Behavioral Bias Investors in Indonesia

Eka, Handriani Behavioral Bias Investors in Indonesia. Jurnal Riset Akuntansi dan Keuangan, 13 (1). pp. 49-66. ISSN 2541-061X (Unpublished)

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Abstract

The purpose of the study is to examine the impact of behavioral bias (risk aversion bias; overconfidence bias; disposition bias; and herding bias) on gender-based investment decisions and empirically prove the mediating effect of financial literacy in the relationship between behavioral bias and gender-based investment decisions. Data from 329 investors in Indonesia in seven cities, including Jakarta, Semarang, Surabaya, Bandung, Medan, Palembang, and Samarinda. The results for male investors, risk aversion bias and herding bias have a negative and significant impact on investment decisions; overconfidence bias has a positive and significant impact on investment decisions, disposition bias has no significant impact. Female investors, risk aversion bias and herding bias have a negative and significant impact on investment decisions while male investors, financial literacy also has a significant impact on the influence of over-confidence bias on investment decisions.

Item Type:	Article
Subjects:	L Education > L Education (General)
Divisions:	Fakultas Ekonomi dan Bisnis > S1 Manajemen
Depositing User:	Eka Handriani S.E., M.M.
Date Deposited:	21 Oct 2025 04:16
Last Modified:	21 Oct 2025 04:16
URI:	http://repository.undaris.ac.id/id/eprint/2148

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