Pengaruh Overconfidence, Trait Anger, Trait Anxiety, Herding Effect, dan Self-Monitoring terhadap Keputusan Investasi Investor di Banda Aceh

Fatih Thoriq Aqilla, Juanda Juanda

Abstract


This study aims to see the effect of overconfidence, trait anger, trait anxiety, herding effect, and self-monitoring on investment decisions of investors in Banda Aceh. The sample used in this study was 234 respondents who were obtained from questionnaires distributed through various social media. Selection of respondents used a purposive sampling method with the criteria of domiciled in Banda Aceh, having a share account in securities listed on the Indonesia Stock Exchange, and having made a share sale-purchase transaction in the last six months. The data analysis method used was multiple linear regression analysis and tested using SPSS version 26. The result of analysis show that overconfidence and self-monitoring behavior have a positive and significant effect on investment decisions, trait anger and herding effect have a negative and not significant effect on investment decisions, trait anxiety has a positive and not significant effect on investment decisions, and the five variables simultaneously influencing investors’ investment decisions in Banda Aceh with an influence of 41.8 percent.

Penelitian ini bertujuan untuk melihat pengaruh overconfidence, trait anger, trait anxiety, herding effect, dan self-monitoring terhadap keputusan investasi pada investor di Banda Aceh. Sampel yang digunakan dalam penelitian ini berjumlah 234 responden yang didapatkan dari kuesioner yang disebar melalui berbagai sosial media. Seleksi responden menggunakan metode purposive sampling dengan kriteria berdomisili di Banda Aceh, memiliki akun saham di sekuritas yang terdaftar di Bursa Efek Indonesia, dan pernah melakukan transaksi jual-beli saham dalam enam bulan terakhir. Metode analisis data yang digunakan adalah menggunakan analisis regresi linier berganda dan diuji menggunakan SPSS versi 26. Hasil analisis menunjukkan bahwa perilaku overconfidence dan self-monitoring memiliki pengaruh positif dan signifikan terhadap keputusan investasi, trait anger dan herding effect memiliki pengaruh negative dan tidak signifikan terhadap keputusan investasi, trait anxiety memiliki pengaruh positif dan tidak signifikan terhadap keputusan investasi, serta kelima variable tersebut secara simultan berpengaruh terhadap keputusan investasi investor di Kota Banda Aceh dengan pengaruh sebesar 41,8 persen.


Keywords


Financial behavior, Overconfidence, Trait Anger, Trait Anxiety, Herding Effect, Self-monitoring, Investment decision

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DOI: https://doi.org/10.24815/jimen.v8i4.27437

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Tim Redaksi:

Jurusan Manajemen Fakultas Ekonomi dan Bisnis, Universitas Syiah Kuala

Lantai II Gedung Induk

Darussalam, Banda Aceh, 2311

email: jim.manajemen@feb.usk.ac.id

 
Creative Commons License
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.