The Influence of Herding, Loss Aversion, And Availability on Investment Decision-Making with Fear of Missing Out as a Mediating Variable Among Generation Z Investors
This study investigates the influence of herding behavior, loss aversion, and availability on investment decision-making among Generation Z, with Fear of Missing Out (FoMO) as a mediator. Generation Z frequently relies on social media as a primary source of investment information, potentially leadi...
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| Format: | Article |
| Language: | English |
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Universitas KH Abdul Chalim, Prodi Ekonomi Syariah
2024-12-01
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| Series: | Indonesian Interdisciplinary Journal of Sharia Economics |
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| Online Access: | https://www.e-journal.uac.ac.id/index.php/iijse/article/view/5608 |
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| _version_ | 1825202092928663552 |
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| author | Umi Rahmawati Surya Raharja |
| author_facet | Umi Rahmawati Surya Raharja |
| author_sort | Umi Rahmawati |
| collection | DOAJ |
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This study investigates the influence of herding behavior, loss aversion, and availability on investment decision-making among Generation Z, with Fear of Missing Out (FoMO) as a mediator. Generation Z frequently relies on social media as a primary source of investment information, potentially leading to biases or decision-making errors. The research was conducted among a group studying capital markets in Semarang, employing purposive sampling to gather data from 251 respondents through Google Form questionnaires. Data analysis using Smart PLS 4.0 revealed that herding behavior does not significantly affect FoMO or investment decision-making among Generation Z. However, loss aversion and information availability significantly influence both investment decision-making and FoMO among Generation Z. FoMO does not mediate the relationship between herding behavior and investment decisions, but it does mediate the impact of loss aversion and information availability on investment decisions among Generation Z.
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| format | Article |
| id | doaj-art-bb042153382e477eb50b6a2484c58bf2 |
| institution | Kabale University |
| issn | 2621-606X |
| language | English |
| publishDate | 2024-12-01 |
| publisher | Universitas KH Abdul Chalim, Prodi Ekonomi Syariah |
| record_format | Article |
| series | Indonesian Interdisciplinary Journal of Sharia Economics |
| spelling | doaj-art-bb042153382e477eb50b6a2484c58bf22025-02-07T16:04:57ZengUniversitas KH Abdul Chalim, Prodi Ekonomi SyariahIndonesian Interdisciplinary Journal of Sharia Economics2621-606X2024-12-017310.31538/iijse.v7i3.5608The Influence of Herding, Loss Aversion, And Availability on Investment Decision-Making with Fear of Missing Out as a Mediating Variable Among Generation Z InvestorsUmi Rahmawati0Surya Raharja1Universitas Diponegoro, Semarang, IndonesiaUniversitas Diponegoro, Semarang, Indonesia This study investigates the influence of herding behavior, loss aversion, and availability on investment decision-making among Generation Z, with Fear of Missing Out (FoMO) as a mediator. Generation Z frequently relies on social media as a primary source of investment information, potentially leading to biases or decision-making errors. The research was conducted among a group studying capital markets in Semarang, employing purposive sampling to gather data from 251 respondents through Google Form questionnaires. Data analysis using Smart PLS 4.0 revealed that herding behavior does not significantly affect FoMO or investment decision-making among Generation Z. However, loss aversion and information availability significantly influence both investment decision-making and FoMO among Generation Z. FoMO does not mediate the relationship between herding behavior and investment decisions, but it does mediate the impact of loss aversion and information availability on investment decisions among Generation Z. https://www.e-journal.uac.ac.id/index.php/iijse/article/view/5608HerdingLoss AversionAvailabilityFear of Missing OutInvestment Decision MakingGeneration Z |
| spellingShingle | Umi Rahmawati Surya Raharja The Influence of Herding, Loss Aversion, And Availability on Investment Decision-Making with Fear of Missing Out as a Mediating Variable Among Generation Z Investors Indonesian Interdisciplinary Journal of Sharia Economics Herding Loss Aversion Availability Fear of Missing Out Investment Decision Making Generation Z |
| title | The Influence of Herding, Loss Aversion, And Availability on Investment Decision-Making with Fear of Missing Out as a Mediating Variable Among Generation Z Investors |
| title_full | The Influence of Herding, Loss Aversion, And Availability on Investment Decision-Making with Fear of Missing Out as a Mediating Variable Among Generation Z Investors |
| title_fullStr | The Influence of Herding, Loss Aversion, And Availability on Investment Decision-Making with Fear of Missing Out as a Mediating Variable Among Generation Z Investors |
| title_full_unstemmed | The Influence of Herding, Loss Aversion, And Availability on Investment Decision-Making with Fear of Missing Out as a Mediating Variable Among Generation Z Investors |
| title_short | The Influence of Herding, Loss Aversion, And Availability on Investment Decision-Making with Fear of Missing Out as a Mediating Variable Among Generation Z Investors |
| title_sort | influence of herding loss aversion and availability on investment decision making with fear of missing out as a mediating variable among generation z investors |
| topic | Herding Loss Aversion Availability Fear of Missing Out Investment Decision Making Generation Z |
| url | https://www.e-journal.uac.ac.id/index.php/iijse/article/view/5608 |
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