scholarly journals The Herding and Overconfidence Effect on the Decision of Individuals to Invest Stocks

2020 ◽  
Vol 3 (4) ◽  
Author(s):  
Herlina Herlina ◽  
◽  
Bram Hadianto ◽  
Jacinta Winarto ◽  
Niken Angginia Nastiti Suwarno

Investors should reasonably transact their stocks. Unfortunately, not all of them are cogent. They make decisions based on some people's suggestions, such as friends, colleagues, family members, and overconfidence. This study attempts to test and analyze the effect of overconfidence and herding on investors' decision to transact their stocks. This study's population is the investors in the investment gallery, becoming the partner of PT Sinar Mas Sekuritas, in Maranatha Christian University. The investors become the samples taken by a simple random sampling method, and their number is calculated by the Slovin formula with the 10% border of inaccuracy. Based on this formula, the total investors are 74. Unfortunately, only 50 investors participate in this online survey; therefore, the response rate is 67.57%. Consequently, the structural equation model (SEM) based on variance suits the method to test data. After examining two proposed hypotheses, overall, this study concludes that overconfidence is the only determinant having a positive effect on the decision to invest.

2020 ◽  
Vol 12 (20) ◽  
pp. 8650
Author(s):  
Yunjeong Kim ◽  
Kyung Wha Oh

Fashion companies are trying to increase the efficiency of their communication with consumers by providing information on sustainable activities or product levels. This study explored the effects of the perceived sustainability level of products offered by sports brands. An online survey was conducted of consumers in their 20s and 30s, and a total of 316 questionnaires were used for the analysis. The structural equation model analysis using AMOS showed that the perceived sustainability level had a positive effect on purchase intention and a negative effect on perceived skepticism. Furthermore, perceived skepticism was confirmed to have a negative effect on purchase intention. By verifying the moderating effect of the perceived brand reputation, it was confirmed that the effect of the perceived sustainability level on purchase intention and the influence of the perceived skepticism on purchase intention differ between high and low brand reputation groups. When the perceived brand reputation is high, the perceived sustainability level has only a direct effect on purchase intention, whereas when the perceived brand reputation is low, only the indirect effect of perceived skepticism appears. This study contributes to the literature and practice by verifying that perceived skepticism plays an important role in the purchasing behavior of sustainable products in fashion.


2021 ◽  
Vol 4 (1) ◽  
Author(s):  
Audi Putri Kamajaya ◽  
◽  
Agus Aribowo

For a bank, the depositors are the primary assets. Therefore, the bank should maintain a good relationship with them to be loyal to all efforts. If they are faithful, they will always keep putting their money in the bank. Therefore, the bank can execute the intermediate function properly. This study intends to examine the effect of perceived value and service quality on depositor loyalty. Consequently, the depositors of commercial bank H at branch F in Bandung become the population and the samples. This study also uses the Slovin formula, simple random sampling, and survey to calculate the samples, grab them, and accumulate the primary data. Moreover, the gathered data get analyzed by the structural equation model (SEM) based on variance. To sum up, this study proves that the perceived value and service quality positively affect depositor loyalty after examining the proposed hypotheses. To increase depositors to be loyal, the bank has to focus on elevating their perceived value and giving them superior service.


2008 ◽  
Vol 8 (3) ◽  
pp. 214
Author(s):  
Mohamad Nasir

<p class="Style20"><em>The research objective is to examine the effect of budget participation on managerial performance and motivation as intervening variable. These respondents involve managers those participate in preparing budget in public manufacturing firms. Data were collected by using random sampling method and analyzed by structural equation model. This research finds that budget participation has positive and significant effect on motivation and managerial performance. Meanwhile motivation has positive and significant effect on managerial performance. This research has limitations. First, the sample of this research is managers that participate in preparing budget. Second, data were analyzed by using path analysis that has limitation. So, future research suggests by using simultaneous equation to eliminate errors. This model is called structural equation model.</em></p>


2021 ◽  
Vol 6 (1) ◽  
pp. 1-15
Author(s):  
Riyans Ardiansyah ◽  
Andi Ina Yustina ◽  
Khairul Shaleh

Abstract Tujuan penelitian ini adalah menguji pengaruh kompensasi finansial dan gaya kepemimpinan sebagai alat ukur motivasi kerja dan pengaruhnya terhadap kinerja karyawan. Metode penelitian yang digunakan adalah metode survey. Data dikumpulkan melalui kuesioner dengan skala likert. Populasi penelitian adalah karyawan Rumah Sakit Umum Daerah Kota Tarakan. Metode pemilihan sampel menggunakan simple random sampling dengan menggunakan metode analisis Structural Equation Model (SEM) WarpPls 6.0. Hasil penelitian menunjukan bahwa kompensasi finansial berpengaruh signifikan terhadap motivasi kerja, gaya kepemimpinan berpengaruh signifikan terhadap motivasi kerja, kompensasi finansial tidak berpengaruh terhadap kinerja pegawai, gaya kepemimpinan berpengaruh signifikan terhadap kinerja pegawai, motivasi kerja tidak memediasi hubungan antara kompensasi finansial dan kinerja pegawai, serta motivasi kerja mampu memediasi hubungan antara gaya kepemimpinan dan kinerja pegawai. Kata kunci: Kompensai finansial, gaya kepemimpinan, motivasi kerja, kinerja pegawai.


2021 ◽  
Author(s):  
Audi Putri Kamajaya ◽  
Agus Aribowo

For a bank, the depositors are the primary assets. Therefore, the bank should maintain a good relationship with them to be loyal to all efforts. If they are faithful, they will always keep putting their money in the bank. Therefore, the bank can execute the intermediate function properly. This study intends to examine the effect of perceived value and service quality on depositor loyalty. Consequently, the depositors of commercial bank H at branch F in Bandung become the population and the samples. This study also uses the Slovin formula, simple random sampling, and survey to calculate the samples, grab them, and accumulate the primary data. Moreover, the gathered data get analyzed by the structural equation model (SEM) based on variance. To sum up, this study proves that the perceived value and service quality positively affect depositor loyalty after examining the proposed hypotheses. To increase depositors to be loyal, the bank has to focus on elevating their perceived value and giving them superior service.


2017 ◽  
Vol 7 (1) ◽  
pp. 79
Author(s):  
Tanti Kustiari ◽  
Sumardjo Sumardjo ◽  
Margono Slamet ◽  
Prabowo Tjitropranoto

Penelitian ini bertujuan untuk mengidentifikasi faktor efektivitas penyuluhan terhadap kompetensi pembudidaya dalam meningkatkan produktivitas dan pendapatan, menganalisis pengaruh efektivitas penyuluhan terhadap kompetensi pembudidaya dalam meningkatkan produktivitas dan pendapatan dan merumuskan strategi pengembangan kompetensi pembudidaya dalam meningkatkan produktivitas dan pendapatan telah dilakukan pada tahun 2011. Jumlah responden adalah 200 orang pembudidaya rumput laut Gracillaria sp di Kabupaten Bekasi dan Brebes yang dipilih dengan cara unproporsional acak sederhana (simple random sampling). Analisis data dilakukan dengan descriptive statistic. Hubungan antara peubah penelitian dan model empiris digunakan analisis SEM (Structural Equation Model) dengan program LISREL. Hasil penelitian menunjukkan efektivitas penyuluhan berada pada kategori rendah, efektivitas penyuluhan berpengaruh nyata pada kompetensi pembudidaya dengan koefisien pengaruh sebesar 0,54 pada α = 0,05 dan efektivitas penyuluhan ditentukan oleh peran penyuluh, model komunikasi, keberfungsian penyuluhan. Strategi meningkatkan kompetensi pembudidaya dilakukan dengan cara mengefektifkan penyuluhan secara partisipatif, memperbesar intensitas penyuluhan dengan pendekatan kelompok, pendekatan pluralistik (keterpaduan) penyuluh PNS/petugas, penyuluh swadaya dan penyuluh swasta), berorientasi pada masa depan dan berkelanjutan.Tittle: The Effectiveness of Extention Influenced to The Competence of Farmers to Manage the Seaweed of Cultivated in Polyculture at The North Coastal of Java Island AreaThis study aims to identify the effectiveness of counseling on the competence of farmers in increasing productivity and revenue, analyze the effectiveness of the counseling competencies of farmers to enhance productivity and income, and formulate strategies for developing competence of farmers in increasing productivity and revenue was conducted in 2011. Two hundreds respondents from Gracillaria sp seaweed farmers in Bekasi and Brebes were selected by simple random Unproporsional (simple random sampling). Data analysis was done by descriptive statistics. The relationship between the study variables and the empirical model used analytical SEM (Structural Equation Model) with the LISREL program. The results show the effectiveness of counseling are in the low category, significant effect on the effectiveness of counseling competencies influence farmers with a coefficient of 0.54 at α = 0.05 and the effectiveness is determined by the role of counselor education, communication models, functioning extension. Strategies to increase the competence of farmers conducted by effecting participatory extension, increase the intensity of counseling with a team approach, pluralistic approaches (alignment) extension of civil servants/officers, extension organizations and private extension), future-oriented and sustainable.


2021 ◽  
Vol 9 (3) ◽  
pp. 1137-1155
Author(s):  
Kamil Çelik

This study investigates the effects of e-service quality and after-sales e-service dimensions of e-commerce sites on customers' e-satisfaction. E-commerce site hepsiburada.com operating in Turkey, was selected as an example for their e-commerce website. The survey method collected the data, and 417 hepsiburada.com customers reached by random sampling method were included in the study. E-S-QUAL and E-RecS-QUAL scales were used to measure the concepts of e-service quality and after-sales e-service quality. The data were analyzed by confirmatory factor analysis and structural equation model. According to the analysis findings, system availability, fulfilment, responsiveness, and compensation had a significant and positive effect on e-satisfaction, and efficiency, privacy, and contact have no significant and positive effect on e-satisfaction. The findings were interpreted, and suggestions were provided.


JEJAK ◽  
2017 ◽  
Vol 10 (2) ◽  
pp. 385-397
Author(s):  
Sigit Handoyo ◽  
Hardhika Maghribi Candrapuspa

Fraud is a unique crime committed by many people in various activities including in the tax sector that resulted in losses to the state. A research conducted in 2015 aimed at examining the factors that influence the taxpayer compliance in paying taxes with knowledge of fraud as a moderating variable. This research used Banguntapan city taxpayers as respondents. Sample collection method in this research used the convenience sampling method. The analytical tool used is Structural Equation Model (SEM) with the help of SmartPLS software. The results of this research prove that tax sanctions, service quality, and tax penalties have a positive effect on taxpayer compliance. The results of this research also prove that taxpayer knowledge does not positively affect the taxpayer compliance and also prove that the taxpayer interaction and knowledge of fraud have a positive effect on their tax paying compliance. So the implications of this research expect that tax authorities can apply tax laws in which including sanctions and taxes penalties evenly in each level of the taxpayers and improvement of services in the field of taxation in the form of provision of information to the taxpayers.Fraud is a unique crime committed by many people in various activities including in the tax sector that resulted in losses to the state. A research conducted in 2015 aimed at examining the factors that influence the taxpayer compliance in paying taxes with knowledge of fraud as a moderating variable. This research used Banguntapan city taxpayers as respondents. Sample collection method in this research used the convenience sampling method. The analytical tool used is Structural Equation Model (SEM) with the help of SmartPLS software. The results of this research prove that tax sanctions, service quality, and tax penalties have a positive effect on taxpayer compliance. The results of this research also prove that taxpayer knowledge does not positively affect the taxpayer compliance and also prove that the taxpayer interaction and knowledge of fraud have a positive effect on their tax paying compliance. So the implications of this research expect that tax authorities can apply tax laws in which including sanctions and taxes penalties evenly in each level of the taxpayers and improvement of services in the field of taxation in the form of provision of information to the taxpayers.


2019 ◽  
Vol 6 (01) ◽  
Author(s):  
Endang Kusnadi ◽  
Syahril Djaddang

ABSTRACT  This research proves the truth of professional ethics and the professionalism of internal auditors on audit quality with whistleblowing and professional skepticism as moderation. The population in this study were auditors internally at the inspector general of the Ministry of Religion. The samples used in this study were 70 respondents using the simple random sampling method. Data analysis methods carried out with structural equation model structural equations with partial variants at least squared to analyze the relationship between dependent variable audit quality with several independent variables, profession, profession, and internal auditors, and moderating variables whistleblowing behavior and professional skepticism. Evaluation results indicate ethics that prove the significance of audit quality and not significant professionalism on audit quality. The whistleblowing behavior variable significantly moderates the influence of professional ethics on audit quality and the professional skepticism variable does not significantly moderate the influence of professional ethics on audit quality. ABSTRAK  Studi ini bertujuan untuk membuktikan bahwa etika profesi dan profesionalisme auditor internal berpengaruh terhadap kualitas audit dengan perilaku whistleblowing dan skeptisme profesional sebagai moderasi. Populasi dalam penelitian ini adalah para auditor internal pada inspektorat jenderal kementerian agama. Sampel yang digunakan dalam penelitian ini sebanyak 70 responden menggunakan metode simple random sampling. Metode analisis data dilakukan dengan model struktrural structural equation model berbasis varian dengan alternatif partial least square untuk menganalisa hubungan antara variabel dependen kualitas audit dengan beberapa variable independen etika profesi dan profesionalisme auditor internal dan variabel moderasi perilaku whistleblowing dan skeptisme profesional. Hasil pengujian menunjukkan etika profesi berpengaruh signifikan terhadap kualitas audit dan profesionalisme tidak berpengaruh signifikan terhadap kualitas audit. Variabel perilaku whistleblowing signifikan memoderasi pengaruh etika profesi terhadap kualitas audit dan variabel skeptisme profesional tidak signifikan memoderasi pengaruh etika profesi terhadap kualitas audit. JEL Classification: M42, L20


2021 ◽  
Vol 16 (1) ◽  
pp. 15-28
Author(s):  
Nita Andriyani Budiman ◽  
Firda Novi Antika ◽  
Sri Mulyani

The purpose of this study was to determine the effect of tax officer service quality, tax sanctions, tax compliance costs, tax socialization, and financial conditions on taxpayer compliance at MSMEs in Kudus Regency. The population used in this study were the owners of MSME in Kudus Regency, amounting to 14,941 MSMEs. The sampling method used purposive sampling to obtain 185 respondents. The statistical method used is the Structural Equation Model with processing assistance using Amos 24. The result of the study show that tax officer service quality, tax sanctions, and tax sosialization have a positive effect on taxpayer compliance, while tax compliance costs and financial conditions does not affect on taxpayer compliance.   Keywords: Tax officer service quality, tax sanctions, tax compliance costs, tax sosialization, financial conditions, and taxpayer compliance


Sign in / Sign up

Export Citation Format

Share Document