scholarly journals Multi Criteria Analysis for Selecting Sharia Capital Market Management Investment Using ANP

2021 ◽  
Vol 12 (2) ◽  
pp. 93
Author(s):  
Hamzah Abdul Karim Prasetyo ◽  
Hendri Tanjung ◽  
Abrista Devi
Keyword(s):  
Capital Market ◽  
Financial Literacy ◽  
Financial Risk ◽  
Self Control ◽  
Performance Criteria ◽  
Control Individual ◽  
Investment Performance ◽  
Macroeconomic Factors ◽  
Market Criteria ◽  
The Capital Market

<div><p class="1eAbstract-text"><em>The society orientation has shifted from a saving-oriented society to an investing-oriented society. Currently, investors have many choices of investment instruments to invest in the Islamic capital market. Previous studies have shown the factors that influence the capital market and influence investors' decisions to invest in the capital market. This study uses the Analytic Network Process (ANP) method to (1) determine the criteria that need to be taken into consideration in choosing an Islamic capital market investment instrument. (2) knowing the ideal investment instrument based on established criteria. The criteria used in this study include seven criteria, namely: investment performance criteria, risk criteria, liquidity criteria, macroeconomic factor criteria, individual circumstance criteria, psychological factor criteria, and demographic criteria. The respondents in this study were five experts from academics, practitioners, and regulator. The major findings of the research are (1) the criteria to be considered in choosing Islamic capital market investment instruments are divided into investor criteria and capital market criteria. Investor criteria include; psychological factors (motivation and self control), individual circumtances (financial literacy), demographics (income and education). Capital market criteria include: investment performance (capital gain, yield, and fundamental analysis), risk (financial risk, market risk and management risk), macroeconomic factors (exchange rates and gross domestic product), liquidity (liquidity ratio). (2) the alternative with the highest priority is sharia mutual funds, then sukuk and sharia stocks</em><em>.</em></p></div>

scholarly journals Optimization of Financial Asset Neutrosophic Portfolios

Mathematics ◽  
2021 ◽  
Vol 9 (11) ◽  
pp. 1162
Author(s):  
Marcel-Ioan Boloș ◽  
Ioana-Alexandra Bradea ◽  
Camelia Delcea
Keyword(s):  
Capital Market ◽  
Financial Risk ◽  
Financial Asset ◽  
Financial Assets ◽  
Portfolio Risk ◽  
Financial Return ◽  
Additional Information ◽  
Triangular Numbers ◽  
The Capital Market

The purpose of this paper was to model, with the help of neutrosophic fuzzy numbers, the optimal financial asset portfolios, offering additional information to those investing in the capital market. The optimal neutrosophic portfolios are those categories of portfolios consisting of two or more financial assets, modeled using neutrosophic triangular numbers, that allow for the determination of financial performance indicators, respectively the neutrosophic average, the neutrosophic risk, for each financial asset, and the neutrosophic covariance as well as the determination of the portfolio return, respectively of the portfolio risk. There are two essential conditions established by rational investors on the capital market to obtain an optimal financial assets portfolio, respectively by fixing the financial return at the estimated level as well as minimizing the risk of the financial assets neutrosophic portfolio. These conditions allowed us to compute the financial assets’ share in the total value of the neutrosophic portfolios, for which the financial return reaches the level set by investors and the financial risk has the minimum value. In financial terms, the financial assets’ share answers the legitimate question of rational investors in the capital market regarding the amount of money they must invest in compliance with the optimal conditions regarding the neutrosophic return and risk.

scholarly journals DOES HEURISTIC BEHAVIOR LEAVE ANOMALIES IN THE CAPITAL MARKET?

2020 ◽  
Vol 34 (3) ◽  
Author(s):  
Prof. Marwan Asri, M.B.A., Ph.D.
Keyword(s):  
Data Management ◽  
Research Methods ◽  
Capital Market ◽  
Analysis Tool ◽  
Investment Performance ◽  
Tool Mediation ◽  
Pls Analysis ◽  
The Capital Market ◽  
Market Anomaly

Introduction/Main Objectives: This study aims to examine the role of heuristics behavior towards the formation of fundamental and technical anomalies in the capital market. Besides, this study also aims to examine the role of fundamental and technical anomalies on investment performance. Background Problems: EMH is not always able to explain all events or phenomena so that it still raises questions and gives results from research that do not meet the expectations, and in the end, this phenomenon is categorized as a market anomaly. This study investigates whether heuristics have an effect on fundamental and technical anomalies and whether the anomalies have an effect on investment performance. Novelty: There is no research that uses hindsight variables incorporated into heuristics; therefore, this study confirms that the indicators used in hindsight measurements are appropriate for measuring what will be measured. Previous research did not involve hindsight in the heuristic category. Research Methods: Data management is done by using SEM with the help of the Warp-PLS analysis tool. Mediation exploration testing with the VAF (Variance Accounted For). Findings/Results: The results of the study show that heuristics (availability, representativeness, and hindsight) are proven to be one of the factors that cause fundamental and technical anomalies in the capital market except for availability heuristics. Conclusion: A large number of anomalies in the capital market do not stop investors from continuing to invest so that at a certain level of investors are satisfied with their investment performance because they use heuristics in an efficient way.

scholarly journals MOTIVASI INVESTASI, FINANCIAL LITERACY, DAN PERSEPSI RESIKO PENGARUHNYA TERHADAP MINAT BERINVESTASI DI PASAR MODAL

2021 ◽  
Vol 1 (1) ◽  
pp. 523-532
Author(s):  
Hikmah Hikmah
Keyword(s):  
Risk Perception ◽  
Capital Market ◽  
Financial Literacy ◽  
Financial Management ◽  
Sampling Technique ◽  
Developed Countries ◽  
Money Market ◽  
Public Understanding ◽  
Investment Motivation ◽  
The Capital Market

Indonesia is one of the countries where financially most of the population continues to make short-term investments or save. If you look at the difference with some very developed countries, the investment is in the long term or investment. The existence of public understanding of financial management so that people are able to set aside a portion of the income earned in conducting investment activities. At present, there are many financial effects that exist both in the money market and in the capital market, for example in the money market such as savings and time deposits, while in the capital market there are securities such as bonds and shares from various companies or government owned. This study aims to determine investment motivation, financial literacy and risk perception of its influence on public investment interest in the capital market in Batam City. The population in this study is the sub-district of Sagulung, with 204 respondents as the sample in this study. The respondents in this study are people who are interested in investing in the capital market. The sampling technique used is purposive sampling. The analysis method used is SEM with the SmartPLS application. The results show that investment motivation has a positive and significant effect on investment interest, financial literacy has a positive and significant effect on investment interest, risk perception has a positive and significant effect on investment interest in Batam city

scholarly journals The Dynamic Relationship between Macroeconomy and Stock Market in China: Evidence from Bayesian Network

Complexity ◽  
2021 ◽  
Vol 2021 ◽  
pp. 1-12
Author(s):  
Yue Liu ◽  
Haoyuan Feng ◽  
Kun Guo
Keyword(s):  
Stock Market ◽  
Bayesian Network ◽  
Capital Market ◽  
Dynamic Bayesian Network ◽  
Macroeconomic Factors ◽  
Purchase Management ◽  
Dynamic Relationship ◽  
Network Method ◽  
Time Periods ◽  
The Capital Market

As the most important component of the capital market, the stock market has always been regarded as the “barometer” of the macroeconomy. However, many researchers have found that the stock market and macroeconomy are operating separately. This paper uses the dynamic Bayesian network method to study the dynamic relationship between the Chinese macroeconomic system and the stock market. The study found that the correlation between the macroeconomic system and the stock market is not consistent in different time periods. For most of the time, the stock system and the macroeconomic system are relatively independent. However, several macroeconomic factors such as Purchase Management Index could affect the stock market through some industries. A conclusion is drawn that the “barometer” function of the stock market is weak and easy to be damaged by factors such as the irrational sentiment of investors.

scholarly journals FAKTOR-FAKTOR YANG MEMPENGARUHI TINGKAT FINANCIAL LITERACY INVESTOR DI KOTA DENPASAR PADA BURSA EFEK INDONESIA

2021 ◽  
pp. 1077
Author(s):  
Ni Made Wida Puspita Kirana Dewi ◽  
Anak Agung Ketut Ayuningsasi
Keyword(s):  
Marital Status ◽  
Capital Market ◽  
Financial Literacy ◽  
Total Sample ◽  
Primary Data ◽  
Structured Interviews ◽  
Analysis Technique ◽  
Research Population ◽  
Depth Interviews ◽  
The Capital Market

This study aims to analyze the effect of education level, gender, income, and marital status simultaneously and partially on the financial literacy level of investors in the capital market in Denpasar City. The research population is the entire community of Denpasar City who invests in the capital market, with a total sample of 100 respondents who were determined based on accidental sampling of a snowball combination. The research method uses primary data (observation, structured interviews, and in-depth interviews). The data analysis technique used was multiple linear regression with those analyzed by the SPSS program. The results showed that, 1) simultaneously the variables of education, gender, income, and marital status had a significant effect on the level of financial literacy of investors in the capital market in Denpasar City; 2) partially education and income variables have a positive and significant effect on the level of financial literacy of investors in the capital market in Denpasar City, the level of financial literacy of capital market investors in Denpasar City, which is male is greater than that of female, and financial level the literacy of capital market investors in Denpasar City who are married is greater than those who are not married.

scholarly journals INTRODUCING INVESTMENT CULTURE THROUGH CAPITAL MARKET

2020 ◽  
Vol 4 (1) ◽  
pp. 70
Author(s):  
Tine Badriatin ◽  
Lucky Radi Rinandiyana ◽  
Sri Sudiarti ◽  
Asep Saepudin
Keyword(s):  
Young People ◽  
Capital Markets ◽  
Capital Market ◽  
Financial Literacy ◽  
Continuous Learning ◽  
Level 3 ◽  
New Students ◽  
And Training ◽  
The Capital Market

Abstrak: Pengenalan pasar modal pada kalangan generasi muda khususnya bagi mahasiswa baru dalam meningkatkan literasi dan inklusi keuangan untuk meningkatkan pengetahuan dalam berinvestasi maka kegiatan ini dilaksanakan melalui metode seminar dengan jumlah peserta sebanyak 150 orang mahasiswa tingkat 3, dimana harapannya dengan adanya kegiatan ini mahasiswa dapat lebih mengenal budaya investasi dengan mengubah paradigma dari saving society menjadi investing society. Kegiatan ini belum begitu mendapatkan hasil yang optimal dalam hal kesadaran berinvestasi di pasar modal sehingga masih diperlukan pembelajaran dan pelatihan secara berkelanjutan dimana hal ini ditandai dengan hanya 5 orang peserta yang tertarik untuk membuka rekening efek, Namun secara pengetahuan dari mereka sudah bertambah luas dimana lembar pertanyaan yang diberikan kepada peserta mengenai pengenalan pasar modal yang disampaikan dapat terisi dengan baik dan benar. Abstract:  The introduction of the capital market among young people, especially for new students in increasing financial literacy and inclusion to increase knowledge in investing, this activity was carried out through a seminar method with a total of 150 students level 3, where the hope was that with this activity students could get to know investment culture by changing the paradigm from saving society to investing society. This activity did not yet get optimal results in terms of awareness of investing in the capital market so that it was still needed continuous learning and training where it was marked by only 5 participants who were interested in opening a securities account, but the knowledge from them had expanded where the question sheets given to participants regarding the introduction of capital markets which can be filled properly and correctly

scholarly journals Investment Training Moderates the Effect of Financial Literacy, Return and Risk on Investment Interest in Capital Markets

2020 ◽  
Vol 9 (1) ◽  
pp. 102-112
Author(s):  
Anhar Fadli ◽  
Andhi Wijayanto
Keyword(s):  
Structural Equation Model ◽  
Capital Markets ◽  
Capital Market ◽  
Financial Literacy ◽  
Structural Equation ◽  
Model Analysis ◽  
Equation Model ◽  
The Relationship ◽  
Positive Effect ◽  
The Capital Market

This study aims to analyze the effect of financial literacy, return and risk on investment interests in the capital market members of Forum KSPM Kota Semarang with investment research as a moderating variable. This research uses structural equation model analysis with WarpPLS 6.0 to evaluate the relationship between variables and the effect of moderation on investor investment training with financial literacy, return, risk, and investment interest by conducting a survey of 113 respondents who were successfully collected. The results of this study confirm previous findings that financial literacy has a positive effect on investment interest, returns have a positive effect on investment interest, and risk has a positive effect on investment interest. Researchers also found that investment training could not moderate the effect of financial literacy on investment interest, but investment training could moderate the effect of return and risk on investment training.

scholarly journals Methodology for assessing financial literacy behavior of military personnel

2020 ◽  
Vol 6 (1) ◽  
pp. 57-71
Author(s):  
Vladislav Petrov
Keyword(s):  
Military Personnel ◽  
Financial Literacy ◽  
Financial Risk ◽  
Personal Characteristics ◽  
Self Control ◽  
Financial Behavior ◽  
Diagnostic Tools ◽  
Normative Values ◽  
Financial Responsibility ◽  
Financial Awareness

The article is of a scientific and applied nature and is devoted to the description of the methodology for assessing financial literacy of military personnel behavior and its psychometric research. Instructions and incentive material of the questionnaire, normative values and interpretation of diagnostic scales are given. The questionnaire was tested on a sample of 526 military personnel of the Military University of the Ministry of defense of Russia. The proposed method allows us to evaluate the personal characteristics of military personnel, which have a Central influence on their financial behavior. In addition to the integral indicator - "military personnel's Propensity to financially literate behavior", eight partial characteristics are defined – financial awareness; the desire to look financially secure; the desire to plan a personal budget; a propensity to financial risk; attention to spending money and shopping; a propensity to financial savings; financial responsibility; financial self-control. The method allows you to predict the financial behavior of military personnel. Innovative diagnostic tools can be successfully used in psychoprophylactic work with the personnel of law enforcement agencies, as well as psychologists-researchers in the field of economic psychology.

scholarly journals REFORMULATING THE APPLICABLE STRATEGIES IN IMPROVING FINANCIAL LITERACY AND INCLUSION INDEX TOWARD ISLAMIC CAPITAL MARKET

2021 ◽  
Vol 21 (1) ◽  
pp. 63
Author(s):  
Syafwendi Syafril
Keyword(s):  
Capital Market ◽  
Financial Literacy ◽  
Asia Pacific ◽  
Muslim Population ◽  
Market Sector ◽  
Strategic Approach ◽  
Government Report ◽  
Index Level ◽  
Very High ◽  
The Capital Market

Indonesia’s financial inclusion and literacy index level in the Islamic capital market sector is quietly low at around 0.02% and 0.01%. Though Indonesia is known as a country with the largest Muslim population in the world with more than 85%. Furthermore, the fact of Indonesia is the 4th highest growth country in the capital market industry in Asia-Pacific throughout 2017. The potential for growth and development of the Islamic capital market in Indonesia is very high, but this fact is not followed by the growth rate of financial literacy and inclusion index especially in the capital market sector. The aim of this paper is to identify the new applicable strategic approach to improve Islamic financial literacy and inclusion in term of Islamic capital market sector. This research uses qualitative methods with a literature review from the article journal, government report, news report, and others in reviewing, identifying, and knowing the strategies that will be implemented. The results show there are six specific strategies used in improving Islamic capital market literacy and inclusion indexes namely,  rebranding investment negative stereotype, building a sustainable promotion and campaign through offline and online platform, creating an online integrated marketplace for Islamic capital market products, improving corporate Sukuk and introducing a new SRI Sukuk product, forming agents & groups of Islamic capital market lovers, and monitoring & evaluating the applied strategy.

scholarly journals PENGARUH FAKTOR PSIKOLOGI PADA INVESTOR MUSLIM DI PASAR MODAL

2019 ◽  
Vol 3 (2) ◽  
pp. 139
Author(s):  
Nini Sumarni
Keyword(s):  
Regression Analysis ◽  
Linear Regression ◽  
Capital Market ◽  
Psychological Factors ◽  
Linear Regression Analysis ◽  
Self Control ◽  
Coefficient Of Determination ◽  
Analysis Technique ◽  
The Capital Market

<p><em>The focus of this study is to determine the psychological factors that influence the behavior of Muslim investors in the capital market. Besides, it is to find out the psychological factors of Muslim investors can be used to predict the type of investment (stocks, mutual funds, bonds) chosen by Muslim investors. This research is exploratory. This study tries to provide an overview of the influence of psychological factors on investment choices and the behavior of Muslim investors in the capital market. To prove the hypothesis that has been made, a linear regression analysis technique is used which is carried out on the results of the questionnaire that has been filled by the respondents. Linear regression analysis using SPSS version 16.0. The independent variables tested were psychological factors which included; Overconfidence; Data Mining; Status Quo; Social Interaction; Emotion; Mental Accounting; Representativeness; Familiarity; Considering The Past; Fear and Greed; Self Control; and Loss Aversion. The dependent variable tested is Muslim investor behavior which includes; risk seeker (likes risk) and risk averter (fear of risk). Overall, R values </em><em></em><em>of 0.653 and R square (R2) of 0.426 were obtained. the coefficient of determination of 13.78% states that the type of investment influenced by psychological factors is only 13.78% and the capital is 86.22% influenced by other factors.</em></p>

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