The Effect of Experienced Regret and Overconfidence Based on Profession on Investment Decisions in Banda Aceh

Sri Wahyuni, Said Musnadi and Faisal
Additional contact information
Sri Wahyuni: Management Department, Universitas Syiah Kuala, Indonesia
Said Musnadi: Management Department, Universitas Syiah Kuala, Indonesia
Faisal: Management Department, Universitas Syiah Kuala, Indonesia

International Journal of Research and Innovation in Social Science, 2021, vol. 05, issue 10, 599-605

Abstract: This study was to see the effect of Experience Regret and Overconfidence on investment decisions with Profession as moderating. the population is all the people of Banda Aceh City who are investors in the capital market, which amounted to 5,126 investors spread over several securities. The criteria for selecting the sample were those who have made financial investments through various existing financial instruments, amounting to 150 people. The allocation of the sample was each 50 from civil servants, State Own Enterprise (SOE) employees, and private employees. Data were analyzed using Structural Equation Modeling (SEM). The results show that experienced regret affects investment decisions, overconfidence affects investment decisions, and profession does not moderate the influence between experienced regret and overconfidence on investment decisions. This finding contributes academically, that the investment decision model in the Capital Market by the people in Banda Aceh City depends on their experienced regret and overconfidence, but does not depend on the type of their profession which consists of civil servants, SOE employees, and private employees. In the multi-group test results, although the effect is not significant, it can be seen that civil servants have experienced regrets that influence investment decisions more strongly than SOE employees and private employees. However, for overconfidence, SOE employees have overconfidence which influences investment decisions more strongly than civil servants and private employees.

Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.rsisinternational.org/journals/ijriss/ ... issue-10/599-605.pdf (application/pdf)
https://rsisinternational.org/virtual-library/pape ... ce-of-bappeda-pidie/ (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bcp:journl:v:5:y:2021:i:10:p:599-605

Access Statistics for this article

International Journal of Research and Innovation in Social Science is currently edited by Dr. Nidhi Malhan

More articles in International Journal of Research and Innovation in Social Science from International Journal of Research and Innovation in Social Science (IJRISS)
Bibliographic data for series maintained by Dr. Pawan Verma ().