THE INFLUENCE OF HERDING, OVERCONFIDENCE, ANCHORING, LOSS AVERSION, RELIGIOSITY ON INVESTMENT DECISIONS MODERATED BY RISK TOLERANCE
This study aims to analyze the impact of independent variables such as herding bias, overconfidence, anchoring, loss aversion, and religiosity on investment decisions moderated by risk tolerance for investors in Batam City. People who are stock investors in Batam City are the research subjects, wit...
Saved in:
| Main Authors: | , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Universitas Nusa Cendana
2025-07-01
|
| Series: | Journal of Management Small and Medium Enterprises (SME's) |
| Subjects: | |
| Online Access: | https://ejurnal.undana.ac.id/index.php/JEM/article/view/20352 |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| _version_ | 1849318185454534656 |
|---|---|
| author | Yandi Suprapto Agnes Doraresta Khatarina Tokan |
| author_facet | Yandi Suprapto Agnes Doraresta Khatarina Tokan |
| author_sort | Yandi Suprapto |
| collection | DOAJ |
| description |
This study aims to analyze the impact of independent variables such as herding bias, overconfidence, anchoring, loss aversion, and religiosity on investment decisions moderated by risk tolerance for investors in Batam City. People who are stock investors in Batam City are the research subjects, with the sampling technique used being snowball sampling. The results showed that factors such as herding bias, overconfidence, anchoring, loss aversion, and religiosity have a significant influence on investment decisions. It is different for the risk tolerance variable, which is not proven to have a significant role in moderating the relationship between the independent variable and the dependent variable, investment decisions. This study also has limitations in terms of samples that may not be able to represent all people who invest in Batam City. Therefore, it is recommended for future research to conduct further research with a more representative sample of the population investing in Batam City.
Keywords: Herding; Overconfidence; Anchoring; Loss Aversion; Investment Decision
|
| format | Article |
| id | doaj-art-8ee3c94c5ef6490aa28c141ff09ee22d |
| institution | Kabale University |
| issn | 2502-2385 2723-469X |
| language | English |
| publishDate | 2025-07-01 |
| publisher | Universitas Nusa Cendana |
| record_format | Article |
| series | Journal of Management Small and Medium Enterprises (SME's) |
| spelling | doaj-art-8ee3c94c5ef6490aa28c141ff09ee22d2025-08-20T03:50:58ZengUniversitas Nusa CendanaJournal of Management Small and Medium Enterprises (SME's)2502-23852723-469X2025-07-0118210.35508/jom.v18i2.20352THE INFLUENCE OF HERDING, OVERCONFIDENCE, ANCHORING, LOSS AVERSION, RELIGIOSITY ON INVESTMENT DECISIONS MODERATED BY RISK TOLERANCEYandi Suprapto0Agnes Doraresta Khatarina Tokan1Department of Management, Faculty of Business and Management, Universitas Internasional BatamDepartment of Management, Faculty of Business and Management, Universitas Internasional Batam This study aims to analyze the impact of independent variables such as herding bias, overconfidence, anchoring, loss aversion, and religiosity on investment decisions moderated by risk tolerance for investors in Batam City. People who are stock investors in Batam City are the research subjects, with the sampling technique used being snowball sampling. The results showed that factors such as herding bias, overconfidence, anchoring, loss aversion, and religiosity have a significant influence on investment decisions. It is different for the risk tolerance variable, which is not proven to have a significant role in moderating the relationship between the independent variable and the dependent variable, investment decisions. This study also has limitations in terms of samples that may not be able to represent all people who invest in Batam City. Therefore, it is recommended for future research to conduct further research with a more representative sample of the population investing in Batam City. Keywords: Herding; Overconfidence; Anchoring; Loss Aversion; Investment Decision https://ejurnal.undana.ac.id/index.php/JEM/article/view/20352HerdingOverconfidenceAnchoringLoss AversionInvestment Decision |
| spellingShingle | Yandi Suprapto Agnes Doraresta Khatarina Tokan THE INFLUENCE OF HERDING, OVERCONFIDENCE, ANCHORING, LOSS AVERSION, RELIGIOSITY ON INVESTMENT DECISIONS MODERATED BY RISK TOLERANCE Journal of Management Small and Medium Enterprises (SME's) Herding Overconfidence Anchoring Loss Aversion Investment Decision |
| title | THE INFLUENCE OF HERDING, OVERCONFIDENCE, ANCHORING, LOSS AVERSION, RELIGIOSITY ON INVESTMENT DECISIONS MODERATED BY RISK TOLERANCE |
| title_full | THE INFLUENCE OF HERDING, OVERCONFIDENCE, ANCHORING, LOSS AVERSION, RELIGIOSITY ON INVESTMENT DECISIONS MODERATED BY RISK TOLERANCE |
| title_fullStr | THE INFLUENCE OF HERDING, OVERCONFIDENCE, ANCHORING, LOSS AVERSION, RELIGIOSITY ON INVESTMENT DECISIONS MODERATED BY RISK TOLERANCE |
| title_full_unstemmed | THE INFLUENCE OF HERDING, OVERCONFIDENCE, ANCHORING, LOSS AVERSION, RELIGIOSITY ON INVESTMENT DECISIONS MODERATED BY RISK TOLERANCE |
| title_short | THE INFLUENCE OF HERDING, OVERCONFIDENCE, ANCHORING, LOSS AVERSION, RELIGIOSITY ON INVESTMENT DECISIONS MODERATED BY RISK TOLERANCE |
| title_sort | influence of herding overconfidence anchoring loss aversion religiosity on investment decisions moderated by risk tolerance |
| topic | Herding Overconfidence Anchoring Loss Aversion Investment Decision |
| url | https://ejurnal.undana.ac.id/index.php/JEM/article/view/20352 |
| work_keys_str_mv | AT yandisuprapto theinfluenceofherdingoverconfidenceanchoringlossaversionreligiosityoninvestmentdecisionsmoderatedbyrisktolerance AT agnesdorarestakhatarinatokan theinfluenceofherdingoverconfidenceanchoringlossaversionreligiosityoninvestmentdecisionsmoderatedbyrisktolerance AT yandisuprapto influenceofherdingoverconfidenceanchoringlossaversionreligiosityoninvestmentdecisionsmoderatedbyrisktolerance AT agnesdorarestakhatarinatokan influenceofherdingoverconfidenceanchoringlossaversionreligiosityoninvestmentdecisionsmoderatedbyrisktolerance |