Abstract
The objective of this research is to examine the effect of overconfidence, herding behavior, and risk tolerance to the stock investment decisions. The hypotheses are overconfidence, herding behavior, and risk tolerance have a positive and significant effect on investment decisions. This study is quantitative research, with the population is millennial investors in Semarang City, Central Java, Indonesia. The research used 98 respondents was taken using purposive sampling. The data collected through questionnaires with Google form. The method of data analyze used multiple linier regressions with the application of Statistical Package for the Social Sciences (SPSS) version 22. The results showed that the overconfidence, herding behavior, and risk tolerance provided a positive and significant effect on stock investment decisions of millennial investors in Semarang City.
Highlights
A capital market is one of the tools deemed effective to accelerate the development and economic growth of a country, especially in Indonesia
Data shows that there are at least 16,000 new investors in Central Java until the end of July 2019, exceeding the 9,000 investors target set by the Indonesia Stock Exchange (IDX) Semarang
This study aims to analyse the effect of overconfidence, herding, and risk tolerance on stock investment decisions, a study of millennial generations in Semarang City
Summary
A capital market is one of the tools deemed effective to accelerate the development and economic growth of a country, especially in Indonesia. The presence of the capital market is considered capable of developing production sectors so that it will enhance a country's economic growth (Sunariyah, 2011). Data shows that there are at least 16,000 new investors in Central Java until the end of July 2019, exceeding the 9,000 investors target set by the Indonesia Stock Exchange (IDX) Semarang. This new number of investors is higher than 2018 which only recorded 11,000. Other data explain the highest number of investors Semarang City compared to other districts in Central Java. The number of investors in Rembang regency is recorded at only 580 investors and 518 active SID’s and 66 logins (IDX Semarang, 2019)
Sign-in/Register to view highlights & summary Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callMore From: Jurnal Maksipreneur: Manajemen, Koperasi, dan Entrepreneurship
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
