The Influence of Information Framing towards Investors Reaction in Bullish and Bearish Market Condition: an Experiment

This research aims to test the reaction of the investors when the investors receive a dividend information presented with positive or negative frames at the same market conditions, either bullish or bearish market conditions. In addition, it also test the reactions of investors when they are in the...

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Main Author: Caecilia Wahyu Estining Rahayu
Format: Article
Language:English
Published: Universitas Negeri Semarang 2017-09-01
Series:Jurnal Dinamika Manajemen
Subjects:
Online Access:https://journal.unnes.ac.id/nju/index.php/jdm/article/view/12760
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author Caecilia Wahyu Estining Rahayu
author_facet Caecilia Wahyu Estining Rahayu
author_sort Caecilia Wahyu Estining Rahayu
collection DOAJ
description This research aims to test the reaction of the investors when the investors receive a dividend information presented with positive or negative frames at the same market conditions, either bullish or bearish market conditions. In addition, it also test the reactions of investors when they are in the bullish or bearish market conditions, the investors receive a dividend information with the same frame, both positive and negative frames. The investors reaction is indicated by the magnitude of the stock price prediction on the next day with absolute value. Experimental method is used to test the hypotheses in this research by using independent sample t-test. The results showed that there is an information framing effect to the investors when receiving the information with a positive frame in the bullish market conditions and gain domain effects occur to the investors in the bullish market conditions when the investors receive the information with a positive frame. These results are expected to provide a new insight on the different reactions of investors when receiving the same information.
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language English
publishDate 2017-09-01
publisher Universitas Negeri Semarang
record_format Article
series Jurnal Dinamika Manajemen
spelling doaj-art-4cc5d50cf81d400da477560f2c799daf2025-08-20T02:38:36ZengUniversitas Negeri SemarangJurnal Dinamika Manajemen2086-06682337-54342017-09-018219920710.15294/jdm.v8i2.127606982The Influence of Information Framing towards Investors Reaction in Bullish and Bearish Market Condition: an ExperimentCaecilia Wahyu Estining Rahayu0Faculty of Economics, Sanata Dharma University, Yogyakarta, IndonesiaThis research aims to test the reaction of the investors when the investors receive a dividend information presented with positive or negative frames at the same market conditions, either bullish or bearish market conditions. In addition, it also test the reactions of investors when they are in the bullish or bearish market conditions, the investors receive a dividend information with the same frame, both positive and negative frames. The investors reaction is indicated by the magnitude of the stock price prediction on the next day with absolute value. Experimental method is used to test the hypotheses in this research by using independent sample t-test. The results showed that there is an information framing effect to the investors when receiving the information with a positive frame in the bullish market conditions and gain domain effects occur to the investors in the bullish market conditions when the investors receive the information with a positive frame. These results are expected to provide a new insight on the different reactions of investors when receiving the same information.https://journal.unnes.ac.id/nju/index.php/jdm/article/view/12760an experimentbullish and bearish marketframing theoryinvestor reactionprospect theory.
spellingShingle Caecilia Wahyu Estining Rahayu
The Influence of Information Framing towards Investors Reaction in Bullish and Bearish Market Condition: an Experiment
Jurnal Dinamika Manajemen
an experiment
bullish and bearish market
framing theory
investor reaction
prospect theory.
title The Influence of Information Framing towards Investors Reaction in Bullish and Bearish Market Condition: an Experiment
title_full The Influence of Information Framing towards Investors Reaction in Bullish and Bearish Market Condition: an Experiment
title_fullStr The Influence of Information Framing towards Investors Reaction in Bullish and Bearish Market Condition: an Experiment
title_full_unstemmed The Influence of Information Framing towards Investors Reaction in Bullish and Bearish Market Condition: an Experiment
title_short The Influence of Information Framing towards Investors Reaction in Bullish and Bearish Market Condition: an Experiment
title_sort influence of information framing towards investors reaction in bullish and bearish market condition an experiment
topic an experiment
bullish and bearish market
framing theory
investor reaction
prospect theory.
url https://journal.unnes.ac.id/nju/index.php/jdm/article/view/12760
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