scholarly journals FAKTOR-FAKTOR YANG MEMPENGARUHI KEPUTUSAN INVESTASI PROPERTI PADA KOTA BATAM

2021 ◽  
Vol 14 (2) ◽  
pp. 89-98
Author(s):  
Hesniati ◽  
Dedy
Keyword(s):  
Behavioral Finance ◽  
Loss Aversion ◽  
Mental Accounting

Perilaku keputusan investasi mulai menarik perhatian akademisi internasional. Penelitian ini dilakukan untuk mengetahui pengaruh behavioral finance dengan menerapkan variabel overconfidence, representativeness, mental accounting, loss aversion dan herding terhadap keputusan investasi. Jumlah sampel yang dikumpulkan dan digunakan dalam penelitian berjumlah 203 responden di Kota Batam dan dianalisis menggunakan metode regresi linier berganda. Hasil penelitian menunjukkan bahwa overconfidence, mental accounting, dan herding berpengaruh positif signifikan terhadap keputusan investasi, sedangkan variabel representativeness dan loss aversion tidak berpengaruh terhadap keputusan investasi.

scholarly journals The Impact of Corporate Performance on Mental Accounting and Loss Aversion in Financial Decisions

2021 ◽  
Vol 12 (4) ◽  
pp. 259
Author(s):  
Mona Hassabelrasoul Mohammad ◽  
Dalal Mohamed Ebrahim Mohamed ◽  
Elsaid Abd Elazim Tolba Elsharkawi
Keyword(s):  
Graduate Students ◽  
Real Estate ◽  
Loss Aversion ◽  
Corporate Performance ◽  
Mental Accounting ◽  
Organization Performance ◽  
Financial Decisions ◽  
Real Estate Company ◽  
The Impact

This study investigates the effect of the organization performance on two psychological biases, mental accounting and aversion to loss, on financial decisions to both investors and managers. To achieve this, two experiments are conducted. The first experiment consists of 40 graduate students as investors, while the second one consists of 40 accountants in a real estate company as managers. The results of the study indicate that the performance of companies impacts both mental accounting and aversion to loss of investors, whereas the performance of companies affects the mental accounting of managers in making their financial decisions but does not affect the aversion to loss.

scholarly journals PENGAMBILAN KEPUTUSAN HUTANG PADA USAHA KECIL DAN MENENGAH (UKM) DI PULAU LOMBOK: SUATU PERSPEKTIF BEHAVIORAL FINANCE

2018 ◽  
Vol 7 (4) ◽  
Author(s):  
Siti Aisyah Hidayati ◽  
Embun Suryani ◽  
M Muhdin
Keyword(s):  
Decision Making ◽  
Behavioral Finance ◽  
Loss Aversion ◽  
Sampling Method ◽  
Confirmation Bias ◽  
Sampling Technique ◽  
Factor Group ◽  
Dominant Factor ◽  
The Third ◽  
Lombok Island

The purpose of this study is to find out what factors determine decision making of debt and what are the most dominant factors in  decision making of debt for SMEs on the island of Lombok.  This research is an explanatory research with quantitative approach. The population is all SMEs located in Lombok island. The sample is selected by Non probability sampling technique with a judgment sampling method where the SMEs that selected as samples are SMEs in handicraft industry of pottery and already exporting the products. Of the existing population, there are 25 (twenty five) SMEs that can be sampled. Respondents in this study are managers who also the owner of the SMEs. Data was collected using questionnaire. To achieve the research objectives, the data obtained will be processed according to needs using Factor Analysis.The results of this study indicate there are three groups of factors that determine  decision making of debt, namely the First Factor Group consists of: Variable Excessive Optimism, Variable Overconfidence, Variable Confirmation Bias and Variable Aversion to sure loss. This factor is named Factor Overconfidence. The Second Factor Group consisted of Representativeness Variables, Avaibility Variables and Anchoring and Adjustment Variables. This factor is named the Avaibility Factor. The third factor group consists of Affect Variables and Aversion Loss Variables. This factor is named the Factor of Loss Aversion. The most dominant factor in determining debt decision making for SMEs in Lombok Island is the Overconfidence factor group consisting of Variable Excessive Optimism, Variable Overconfidence, Variable Confirmation Bias and Variable Aversion to sure loss .

scholarly journals PENGARUH OVERCONFIDENCE, REGRET AVERSION, LOSS AVERSION, DAN HERDING BIAS TERHADAP KEPUTUSAN INVESTASI DI INDONESIA.

2020 ◽  
Vol 13 (3) ◽  
pp. 175
Author(s):  
Nur Ariefin Addinpujoartanto ◽  
Surya Darmawan
Keyword(s):  
Behavioral Finance ◽  
Loss Aversion ◽  
Abnormal Return ◽  
Simultaneous Equation ◽  
Equation Model ◽  
Simultaneous Equation Model ◽  
Purposive Sampling ◽  
Regret Aversion

<em><span>Behavioral finance</span></em><span> muncul akibat pasar yang tidak efisien, sehingga menimbulkan anomali pasar. <em>Behavioral finance</em> lebih mengarah pada perilaku investor yang tidak rasional terhadap keputusannya. Investor yang berada di pasar yang tidak efisien, dapat mengambil <em>abnormal return</em>. Perilaku tersebut dipengaruhi oleh informasi yang diterima oleh investor. Perilaku tersebut bisa berbagai macam, seperti; <em>overconfidence, regret aversion, loss aversion, </em>dan <em>herding bias. </em>Penelitian ini bertujuan untuk menganalisis pengaruh <em>overconfidence, regret aversion, loss aversion, </em>dan <em>herding bias</em> terhadap keputusan investasi di Indonesia. Data yang dikumpulkan sebanyak 120 responden yang memiliki pengalaman berinvestasi di pasar modal. Teknik sampling yang digunakan pada penelitian ini adalah Teknik <em>purposive sampling</em>. Ada dua tahapan untuk melakukan analisis, yaitu Pengujian Model Pengukuran dan pengujian Model Struktural. Pengujian stattistik dalam penelitian ini berupa SEM (<em>Simultaneous Equation Model</em>) yang dibantu dengan menggunakan aplikasi <em>smartPLS. </em>Pada penelitian ini ditemukan <em>overconfidence, regret aversion, loss aversion, dan herding bias</em> berpengaruh signifikan terhadap keputusan investasi secara parsial.</span>

scholarly journals PENGAMBILAN KEPUTUSAN HUTANG PADA USAHA KECIL DAN MENENGAH (UKM) DI PULAU LOMBOK: SUATU PERSPEKTIF BEHAVIORAL FINANCE

2019 ◽  
Vol 8 (1) ◽  
Author(s):  
Siti Aisyah Hidayati ◽  
Embun Suryani ◽  
M Muhdin
Keyword(s):  
Decision Making ◽  
Behavioral Finance ◽  
Loss Aversion ◽  
Sampling Method ◽  
Confirmation Bias ◽  
Sampling Technique ◽  
Factor Group ◽  
Dominant Factor ◽  
The Third ◽  
Lombok Island

The purpose of this study is to find out what factors determine decision making of debt and what are the most dominant factors in  decision making of debt for SMEs on the island of Lombok.  This research is an explanatory research with quantitative approach. The population is all SMEs located in Lombok island. The sample is selected by Non probability sampling technique with a judgment sampling method where the SMEs that selected as samples are SMEs in handicraft industry of pottery and already exporting the products. Of the existing population, there are 25 (twenty five) SMEs that can be sampled. Respondents in this study are managers who also the owner of the SMEs. Data was collected using questionnaire. To achieve the research objectives, the data obtained will be processed according to needs using Factor Analysis.The results of this study indicate there are three groups of factors that determine  decision making of debt, namely the First Factor Group consists of: Variable Excessive Optimism, Variable Overconfidence, Variable Confirmation Bias and Variable Aversion to sure loss. This factor is named Factor Overconfidence. The Second Factor Group consisted of Representativeness Variables, Avaibility Variables and Anchoring and Adjustment Variables. This factor is named the Avaibility Factor. The third factor group consists of Affect Variables and Aversion Loss Variables. This factor is named the Factor of Loss Aversion. The most dominant factor in determining debt decision making for SMEs in Lombok Island is the Overconfidence factor group consisting of Variable Excessive Optimism, Variable Overconfidence, Variable Confirmation Bias and Variable Aversion to sure loss .Keyword:Behavioral finance, decision making of debt, SMEs

scholarly journals A influência das emoções sobre o efeito dotação

2009 ◽  
Vol 7 (2) ◽  
pp. 196
Author(s):  
Flávia De Souza Costa Neves Cavazotte ◽  
Paulo Tavares Dias Filho ◽  
Otacílio Torres Vilas Boas
Keyword(s):  
Prospect Theory ◽  
Behavioral Finance ◽  
Loss Aversion ◽  
Positive Emotions ◽  
Negative Emotions ◽  
Endowment Effect ◽  
Research Model ◽  
Review Of The Literature ◽  
Brazilian Sample

According to prospect theory, individuals with loss aversion would tend to attribute a higher value to a good once their ownership over it had been established. Such tendency would cause reluctance to trade the good, even if an equivalent one were offered in exchange. Thaler (1980) named this phenomenon endowment effect. In this article, we present a review of the literature about the topic, which has been one of the most investigated themes in the relatively recent field of behavioral finance. Adopting Knetsch’s research model (1989), we conducted two experiments in order to investigate the phenomenon in a Brazilian sample, specifically testing the influence of emotions on its manifestation. The results replicate findings for the endowment effect, and suggest that negative emotions attenuate the observed effects. Positive emotions, however, did not have any detectable influence over the phenomenon.

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