PENGARUH FINANCIAL LITERACY, OVERCONFIDENCE, REGRET AVERSION BIAS, DANRISK TOLERANCE TERHADAP KEPUTUSAN INVESTASI (Studi pada investor PT. Sucorinvest Central Gani Galeri Investasi BEI Universitas Negeri Surabaya)
Abstract: Along with the increasing
number of capital market investors in Indonesia, there is an interesting thing
toinvestigate is how investors make investment decisions. Before entering the
capital market and makinginvestment decisions there are several things into
consideration. Financial literacy has a role to know theproduct and how the
capital market mechanism. In addition there is a development where
psychologicalfactors such as overconfidence, regression aversion bias and risk
tolerance also have a role in makinginvestment decisions. The purpose of this
study is to determine and discuss the influence of financialliteracy¸
overconfidence, regression aversion bias and risk tolerance to investment
decisions. The sampleused is 42 respondents. The measuring tool used is a questionnaire
consisting of tests and statements. Dataanalysis using multiple linear
regression. This study shows that financial literacy does not affectinvestment
decisions this can be due to the existence of financial advice and the category
of respondentsclassified as overconfidence so ignore the knowledge they have.
As for the variable overconfidence,regression aversion bias and risk tolerance
effect on investment decisions.
Keywords: financial literacy,
overconfidence, regret aversion bias, risk tolerance, and investmentdecision
Penulis: ANGGA BUDIARTO
Kode Jurnal: jpmanajemendd171130
