Do Investors Emotions Determine their Investment Decisions

2015 ◽  
Vol 6 (2) ◽  
Author(s):  
A. Charles ◽  
R. Kasilingam
Keyword(s):  
Cognitive Biases ◽  
Emotional State ◽  
Investment Decisions ◽  
Sampling Technique ◽  
Individual Investors ◽  
Investment Behavior ◽  
Chi Square ◽  
Financial Decisions ◽  
Cross Tabulation ◽  
Chi Square Analysis

Behavioural finance states that investors investment decisions are influenced by psychological factors like mood, emotion and cognitive biases. Among these, emotions have a powerful impact on investors investment behavior. Though moods and emotions are practically considered to be the same, there is slight difference between them. Mood is considered to be less intense, whereas emotions are more intense. Emotions can get in the way of making prudent financial decisions. It is human nature that they react differently when they are in a different state of emotion. The aim of this paper is to study different emotional swing variables and its influence on investors investment decisions. The research instrument was developed and administered at individual investors using multistage random sampling technique. The Cronbachs reliability of the emotional variables is 0.84. The data collected were analyzed quantitatively by using different statistical tools like chi-square analysis, factor analysis, cluster analysis, discriminant analysis, ANOVA and Cross tabulation. Findings suggest that based on the influence of emotions, investors are categorized as positive, negative and neutral. The characteristics of different emotional state are also discussed in this paper. An overall conclusion of this study reveals that investors emotions become matured over a period of time on their investment life cycle.

Heuristic biases in investment decision-making and perceived market efficiency

2018 ◽  
Vol 10 (1) ◽  
pp. 85-110 ◽  
Author(s):  
Syed Zulfiqar Ali Shah ◽  
Maqsood Ahmad ◽  
Faisal Mahmood
Keyword(s):  
Financial Markets ◽  
Market Efficiency ◽  
Negative Impact ◽  
Investment Decisions ◽  
Sampling Technique ◽  
Investment Strategy ◽  
Individual Investors ◽  
Content Type ◽  
Specific Investment ◽  
The Relationship

Purpose This paper aims to clarify the mechanism by which heuristics influences the investment decisions of individual investors, actively trading on the Pakistan Stock Exchange (PSX), and the perceived efficiency of the market. Most studies focus on well-developed financial markets and very little is known about investors’ behaviour in less developed financial markets or emerging markets. The present study contributes to filling this gap in the literature. Design/methodology/approach Investors’ heuristic biases have been measured using a questionnaire, containing numerous items, including indicators of speculators, investment decisions and perceived market efficiency variables. The sample consists of 143 investors trading on the PSX. A convenient, purposively sampling technique was used for data collection. To examine the relationship between heuristic biases, investment decisions and perceived market efficiency, hypotheses were tested by using correlation and regression analysis. Findings The paper provides empirical insights into the relationship of heuristic biases, investment decisions and perceived market efficiency. The results suggest that heuristic biases (overconfidence, representativeness, availability and anchoring) have a markedly negative impact on investment decisions made by individual investors actively trading on the PSX and on perceived market efficiency. Research limitations/implications The primary limitation of the empirical review is the tiny size of the sample. A larger sample would have given more trustworthy results and could have empowered a more extensive scope of investigation. Practical implications The paper encourages investors to avoid relying on heuristics or their feelings when making investments. It provides awareness and understanding of heuristic biases in investment management, which could be very useful for decision makers and professionals in financial institutions, such as portfolio managers and traders in commercial banks, investment banks and mutual funds. This paper helps investors to select better investment tools and avoid repeating expensive errors, which occur due to heuristic biases. They can improve their performance by recognizing their biases and errors of judgment, to which we are all prone, resulting in a more efficient market. So, it is necessary to focus on a specific investment strategy to control “mental mistakes” by investors, due to heuristic biases. Originality/value The current study is the first of its kind, focusing on the link between heuristics, individual investment decisions and perceived market efficiency within the specific context of Pakistan.

HUBUNGAN PENGGUNAAN KOMPUTER DENGAN KEJADIAN NYERI KEPALA TIPE TEGANG PADA PEKERJA

2020 ◽  
Vol 9 (1) ◽  
pp. 27-38
Author(s):  
Suryanti Suryanti ◽  
Andi Ipaljri
Keyword(s):  
Sampling Technique ◽  
The United States ◽  
Chi Square ◽  
Cross Sectional ◽  
Tension Headaches ◽  
Technological Developments ◽  
Tension Type Headaches ◽  
Chi Square Analysis ◽  
Relationship Of ◽  
The Relationship

In the current era of globalization, humans always interact with technological developments. One result of the development of technology is the use of computers. The use of computers that are not under the ergonomic position causes effects on health, one of them is tension-type headaches. In the United States, 1-4% of patients coming to the Emergency Care Unit complain of headache, 90% of them are tension-type headaches. The proportion of migraine and other headache syndromes in the hospital. Harapan Bunda in 2011 and RS. Camatha Sahidya in Batam in Batam was 5% and 0.7% respectively. Whereas the incidence of tension headaches in 5 puskesmas in Batam in 2014 ranged from 0.5% - 1.3%. The proportion of tension headaches at the BIP Clinic in the January-April 2018 period is 1.5%. Tension-type headaches that occur continuously can cause barriers to daily activities. The purpose of this study is to determine the relationship of computer use with the incidence of tension-type headaches in workers. This research uses a descriptive-analytic method with a cross-sectional approach. The sampling technique is purposive sampling. Of 97 respondents who visited the clinical BIP that met the criteria, it was found that computer user respondents experienced tension-type headaches of 18 people (42.9%) and not tension-type headaches of 24 people (57.1%). Whereas the respondents who were not computer users experienced tension-type headaches of 10 people (18.2%), and non-tension-type headaches of 45 people (81.8%). Bivariate chi-square analysis showed that p = 0.008 (p <0.05). This means that Ha is accepted and H0 is rejected.

scholarly journals Analisis Tingkat Penerapan Manajemen Pengetahuan Dalam Membangun Organisasi Berbasis Pengetahuan (Studi Kasus PT Trubus Mitra Swadaya SE-JABODETABEK)

2016 ◽  
Vol 2 (2) ◽  
pp. 134
Author(s):  
Raniasari Bimanti Esthi ◽  
Anggraini Sukmawati
Keyword(s):  
Knowledge Management ◽  
Descriptive Analysis ◽  
Secondary Data ◽  
Sampling Technique ◽  
Primary Data ◽  
Chi Square ◽  
Average Value ◽  
Wide Range ◽  
Chi Square Analysis ◽  
Calculation Analysis

<p>PT Trubus Mitra Swadaya is a company engaged in the agribusiness industry that sells a wide range of agricultural goods. The development of the agribusiness industry, particularly agricultural stores are now increasing to fiercer competition. The objectives of this research were (1) Identify the level of knowledge management at PT Trubus Mitra Swadaya, (2) Identify the level of the activities associated with knowledge management at PT Trubus Mitra Swadaya, and (3) Analyzing the perceptions of employees regarding the application of knowledge management at PT Trubus Mitra Swadaya. The data that used in this research were primary data and secondary data. Collecting the respondences was done by quota sampling technique, database examine was done by descriptive analysis, average value calculation analysis, and chi-square analysis.<br />The result of average value calculation analysis showed level implementation of knowledge management was excellent (67,01%), represented from strongly agree answered 20,75% and agree answered 46,26%. Moreover, employees said bad, represented from less agree answered 19,97% and disagree 13,02%. In this research, found at least two components which employees feel valued and still yet to be repaired, that was 1) knowledge and 2) work time. The result average value calculation showed level of activity associated with knowledge management was less good (42,78%), represented five to ten times answered 22,78% and more than ten times 20%. Moreover, employees answered never 30% and less than five times 20%. The result chi-square showed employees’ perception about knowledge management based on employee characteristics where the majority of employees agreeing with the implementation of knowledge management.</p>

scholarly journals Analisis Pengaruh Pelayanan Perusahaan terhadap Loyalitas Pelanggan (Studi Pada Bengkel Resmi Yamaha Adhi Motor di Rembiga Mataram)

2020 ◽  
Vol 1 (1) ◽  
pp. 16-22
Author(s):  
Miftah Ruli Hartanto ◽  
Sri Darwini ◽  
Lalu M. Furkan
Keyword(s):  
Data Collection ◽  
Customer Satisfaction ◽  
Sampling Technique ◽  
Sample Survey ◽  
Average Score ◽  
Consumer Loyalty ◽  
Chi Square ◽  
Contingency Coefficient ◽  
Data Collection Technique ◽  
Chi Square Analysis

This study aims to determine how the level of customer satisfaction, as well as to determine whether the level of customer satisfaction has a significant effect on customer loyalty at the Yamaha Adhi Motor Official Workshop in Rembiga Mataram. This type of research is descriptive research and data collection techniques used are questionnaires, interviews, observation, and documentation. This research was conducted at the Yamaha Adhi Motor Workshop in Rembiga Mataram, the data collection technique used a sample survey technique and the determination of respondents using purposive sampling technique where as many as 50 people were made respondents. The data collection tool used in this study was a questionnaire, in which the variables were analyzed qualitatively using a Likert scale and quantitatively using chi square analysis. Based on the research that has been done, it shows that consumers at the Yamaha Adhi Motor Workshop in Rembiga Mataram are 35 people (70%) who are very satisfied with the elements of service provided, 10 respondents (20%) are satisfied, and the remaining 5 people (10 %) expressed dissatisfaction. The results of the calculation with the average score of the level of consumer loyalty, as many as 21 people (42%) have a level of loyalty at the Yamaha Adhi Motor Official Workshop are very loyal, 11 people (22%) say they are loyal, while the remaining 18 people (36%) stated loyal enough. Quantitatively, to test the proposed hypothesis and analyze the effect of the independent variable on the dependent variable, the calculation results obtained by the X2 value is 18.25 and this value is greater than the X2 table value of 9.49 at α = 0.05 and df = 4, which proves that customer satisfaction has significant influence on the level of consumer loyalty, because X2h> X2t. Furthermore, it is also known that the level of closeness of the relationship between variables is strong, as evidenced by the contingency coefficient (C) of 0.52, which is close to the Cmaximal value of 0.71, which in fact fulfills the requirement that the C value is greater than half the C max value.

scholarly journals Dietary Habit is Associated With Dysmenorrhea Among Adolescent

2020 ◽  
Vol 9 (2) ◽  
pp. 1359-1369
Author(s):  
Neti Sundari ◽  
Dian Nur Adkhana Sari ◽  
Endar Timiyatun ◽  
Viantika Kusumasari
Keyword(s):  
Negative Impact ◽  
Sampling Technique ◽  
Female Adolescent ◽  
Dietary Habit ◽  
Lower Abdomen ◽  
Chi Square ◽  
High Incidence ◽  
Testing Data ◽  
Chi Square Analysis

Dysmenorrhea is pain during menstruation which is felt in the lower abdomen and back. The high incidence of dysmenorrhea in adolescents still does not get enough concern, even though it can cause a person to become weak, pale, reduce concentration, disturb daily activities,  having a negative impact on quality of life. One of the factors that can cause dysmenorrhea is poor dietary habit. This study aims to analyze the correlation between dietary habit and dysmenorrhea in female adolescents. This type of research is quantitative, the number of samples are 262 respondents  and the sampling technique was accidental sampling. Testing data using the Chi Square analysis test.  From the results of the Chi Square analysis test, it was found that the value of p = 0.005 with a correlation value of 0.011, the study showed that there is a correlation between dietary habit with dysmenorrhea in female adolescent.

scholarly journals TINGKAT PENGETAHUAN DAN SIKAP DENGAN TEKNIK MENYUSUI PADA IBU PASCA MELAHIRKAN

2020 ◽  
Vol 8 (1) ◽  
pp. 33
Author(s):  
Nia Widia Aprilia Keni ◽  
Sefti Rompas ◽  
Lenny Gannika
Keyword(s):  
Post Partum ◽  
Deep Understanding ◽  
Sampling Technique ◽  
Bivariate Analysis ◽  
Chi Square ◽  
Cross Sectional ◽  
Probability Sampling ◽  
A Value ◽  
Level Of Knowledge ◽  
Chi Square Analysis

Abstract: Mother's knowledge about breastfeeding techniques will bring a deep understanding of the good or bad impacts of giving breast milk. The method in this study uses a cross sectional research design with the population of all post-partum mothers in the work area of the Wori Health Center in Manado. Sampling is done by non-probability sampling with pruposive sampling technique. The number of samples is 51 respondents. Data is presented in the form of Frequency Tables. Data analysis used is univariate and bivariate analysis using the chi-square analysis method. The results of the study, the majority of respondents have good knowledge and attitude. Respondents who use the wrong breastfeeding technique for respondents who have poor attitudes and knowledge. From the chi-square obtained results from the level of knowledge with breastfeeding techniques with a value of p = 0.00 smaller than α = 0.05. Whereas the attitude for breastfeeding technique has a value of p = 0.01 smaller than α = 0.05. In conclusion, the results of this study indicate that there is a significant relationship between the level of knowledge and attitudes with breastfeeding techniques in postpartum mothers.Keywords: Knowledge Level, Attitude, and Breastfeeding Techniques Abstrak: Pengetahuan ibu tentang teknik menyusui akan membawa pemehaman yang mendalam pada dampak baik ataupun buruknya pemberian ASI. Metode ini menggunakan desain penelitian cros sectional dengan populasi seluruh ibu pasca melahirkan di wilaya kerja Puskesmas Wori Manado. Pengambilan sampel dilakukan secara non probability sampling dengan teknik pruposive sampling. Jumlah sampel sebanyak 51 responden. Data disajikan dalam bentuk Frequency Table, Analisis data yang digunakan adalah analisis univariat dan bivariat dengan menggunakan metode analisis chi-square. Hasil penelitian, Mayoritas responden memiliki pengetahuan dan sikap yang baik. Responden yang melakukan teknik menyusui yang salah pada responden yang memiliki sikap dan pengetahuan yang kurang baik. Dari hasil uji chi-square didapatkan hasil dari tingkat pengetahuan dengan teknik menyusui dengan nilai p = 0,00 lebih kecil dari α = 0,05. Sedangan untuk sikap dengan teknik menyusui memiliki nilai p= 0,01 ebih kecil dari α = 0,05. Kesimpulan, hasil penelitian ini menunjukan ada hubungan yang bermakna antara Tingkat Pengetahuan dan Sikap dengan Teknik Menyusui Pada Ibu Pasca Melahirkan.Kata Kunci: Tingkat Pengetahuan, Sikap, Dan Teknik Menyusui

scholarly journals Effectiveness of Growth Enhancement Support Scheme (GESS) in Input Delivery in Southwest Nigeria

2019 ◽  
pp. 1-11
Author(s):  
Ibitunde Ibidun Olatohun ◽  
Farinde Akinloye Jimoh ◽  
Adereti Francis Oke
Keyword(s):  
Sampling Technique ◽  
Small Scale ◽  
Growth Enhancement ◽  
Top Down ◽  
Chi Square ◽  
Southwestern Nigeria ◽  
The Government ◽  
Small Scale Farmers ◽  
High Level ◽  
Chi Square Analysis

The study identified the problems of access to inputs by the small-scale farmers; and analyzed the structure and operations of the Growth Enhancement Support Scheme (GESS) on input supply to small-scale farmers in Southwestern Nigeria with the view to investigate the effectiveness of GESS in South western Nigeria. A multistage sampling technique was employed in selecting 420 GESS farmers. The interview schedule was used to collect data which were subjected to descriptive and inferential analysis to test the hypothesis. Results showed that the mean age of the small-scale farmers was 49.57±10.49 years and a high level, 75.70 per cent were males. A higher percentage (55.80%) showed a high level of identified problems of access to inputs. Analysis of the structure and operations of GESS on input supply showed that GESS was structured and operated by the government among the various stakeholders using the top-down approach. Out of the nineteen GESS effectiveness indicators, none was effective at solving the problems of inputs delivery to the respondents. Chi-square analysis showed a significant association between the effectiveness of GESS and respondents' sex (χ2=46.159; p≤ 0.01). Correlation analysis showed a negative and significant relationship between the effectiveness of GESS and identified problems of access to inputs (r=-0.214, p≤0.001). It was concluded that GESS recorded a low level of effectiveness of GESS in the study area as a result of the high level of identified problems of access to agricultural inputs through GESS. The study therefore recommends that there should be better orientation for future likely programmes and a reorientation of the farmers about the GESS in which there will be more extensive sensitization and enlightenment, especially at the grassroots level, also that quantity of input supply be increased and that more inclusive participatory approach instead of top-down approach should be adopted for planning, execution and evaluation of the GESS programme.

scholarly journals HUBUNGAN ANTARA TINGKAT PENDIDIKAN, PEKERJAAN DAN PENGETAHUAN IBU TENTANG IMUNISASI DENGAN KEBERHASILAN PEMBERIAN IMUNISASI DASAR PADA BAYI

2018 ◽  
Vol 6 (2) ◽  
Author(s):  
Warsini Warsini ◽  
Kevin Anung Joseptian
Keyword(s):  
Total Population ◽  
Sampling Technique ◽  
Education Level ◽  
Work Status ◽  
Maternal Knowledge ◽  
Chi Square ◽  
Cross Sectional ◽  
Cross Sectional Design ◽  
Chi Square Analysis ◽  
The Relationship

Background: It is undoubted if basic immunization has benefited immensely to child for over the years. Nevertheless there aresome parents who remains reluctant to immunize their children. This condition could be proved by the achievement of UCI (Universal Child Immunization) in 2015 in Klaten which involved 401 villages. There was only 90% of the total population who participated in this program. The Purpose: To analized the relationship between education level, work satus and mother's knowledge about basic immunization with the successness of giving basic immunization to babies. The Subjects: The study was observational analytic with cross sectional design. The population were all mothers who had infants aged 9-12 months in January-February 2018 in Wonosari District taken using total sampling technique. The data was then collected by using questionnaires. The results: Most of the infants were 11 months old (50%), most of mother were 25-35 years old (66.8%), most of the mother's education level was Senior High School (46.7%), most of the mother's knowledge about immunization was high (96.7%), the majority of mothers did not work (53.3%), most infants were fully immunized (96.7%). Chi Square analysis found that the correlation between education level and the successness of immunization in infant p=0.245, work relation with success of immunization giving to infant p=0.341, and relation of mother knowledge about basic immunization with successness immunization giving to infant p=0.000. The conclusion: There was no correlation between the level of education with the successness of immunization in infants (p=0.245), there was no relationship between work status with successness immunization in infants (p=0.341), and there was a statistically significant relationship between maternal knowledge of basic immunization with successness immunization in infants (p=0.000). Keywords: basic immunization, education, employment, knowledge

scholarly journals The Relationship of Clinical Instructure Motivation with the Implementation of Preceptorship in dr. Soeselo Slawi Hospital

2020 ◽  
Vol 3 (2) ◽  
pp. 51
Author(s):  
Ikawati Setyaningrum ◽  
Firman Hidayat ◽  
Ratna Widhiastuti
Keyword(s):  
Soft Skills ◽  
Sampling Technique ◽  
P Value ◽  
Chi Square ◽  
Cross Sectional ◽  
Hard Skills ◽  
Chi Square Analysis ◽  
Patient Service ◽  
Relationship Of ◽  
The Relationship

Preceptorship is one method of guidance with one to one relationship in the scope of nursing which is considered good enough to add skills in care, both soft skills, hard skills and attitude of the nursing profession. Many factors affect the implementation of preceptorsip in hospitals. This study aims to determine the relationship between clinical instructional motivation and the implementation of preseptorship at Dr. Soeselo Slawi. This research is a quantitative study and the type of descriptive correlation research design with cross sectional approach. The sampling technique used was a total sampling of 39 people. The research instrument uses a motivation questionnaire containing 26 statements, whereas for Preceptorship uses a questionnaire containing 10 statements. Chi square analysis results showed that the p value was 0.007 (<0.005), which means there was a significant relationship between CI motivation and the implementation of Preseptorship. The hospital is expected to be able to choose nurses who will become CIs according to certain competency and knowledge standards, as well as specializing CI assignments so that they do not overlap with patient service tasks.  Keywords: Motivation. Clinical instructure, preceptorship

scholarly journals THE DETERMINANT FACTORS OF PERSONAL FINANCIAL MANAGEMENT OF INDONESIAN MIGRANT WORKERS IN HONGKONG

2021 ◽  
Vol 11 (1) ◽  
pp. 47
Author(s):  
Caecilia Wahyu Estining Rahayu ◽  
Christina Heti Tri Rahmawati
Keyword(s):  
Migrant Workers ◽  
Financial Literacy ◽  
Financial Management ◽  
Sampling Technique ◽  
Primary Data ◽  
Chi Square ◽  
Academic Background ◽  
Determinant Factors ◽  
Questionnaire Method ◽  
Chi Square Analysis

This study aims to examine determinants factors of personal financial management of Indonesian migrant workers in Hongkong. The determinant factors are 1) demographic aspects include age, academic background, number of dependents, and 2) financial literacy. The sample used in this study was several Indonesian migrant workers who are still actively working in Hongkong, especially as household assistants. This study used questionnaire method to obtain the primary data from migrant workers. The sampling technique was non-random sampling which was accidental sampling technique. The data analysis used was Chi-Square analysis. The result shows that: 1) partially, there is relationship between ages and personal financial management; 2) there is a relationship between financial literacy and personal financial management; 3) partially, there is no relationship between academic background and number of dependents with personal financial management. The implication of this study is that by having good knowledge and understanding about finances, Indonesian migrant workers in Hongkong are expected to manage good and wise personal finances, so that they can improve their prosperity.

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