scholarly journals The Effect of Efficient Market Hypothesis, Gambler's Fallacy, Familiarity Effect, Risk Perception, and Economic Factors on Investment Decisions (Studies on Capital Market Investors in Medan City)

Author(s):  
Sucitra Dewi ◽  
Erlina . ◽  
Endang Sulistya Rini

This study aims to examine the effect of the efficient market hypothesis, gambler's fallacy, familiarity effect, risk perception, and economic factors on investment decisions. This research is quantitative research with a descriptive approach. The population in this study were all capital market investors in Medan City. Determination of the research sample carries out by using judgment sampling technique and Malhotra theory so that 270 samples obtain. Data analysis using multiple linear regression analysis. The results of the multiple linear regression analysis showed that the efficient market hypothesis, gambler's fallacy, familiarity effect, risk perception, and economic factors partially had a positive and significant impact on investment decision making. Other results, the efficient market hypothesis, gambler's fallacy, familiarity effect, risk perception, and economic factors simultaneously have a positive and significant impact on investment decision making.

2019 ◽  
Vol 3 (2) ◽  
pp. 107-132
Author(s):  
Rizky Eko Harry Saputro ◽  
Diyan Lestari

This study aims to determine the effect of financial literacy and risk perception on student investment decisions in Jakarta. This study used a quantitative approach through questionnaires with as many as 120 respondents taken as sample which is obtained by using non-probability sampling technique and purposive sampling method. The research data is processed with SPSS, where the hypothesis is analyzed using t-test and multiple linear regression analysis. The results of this study indicate that financial literacy variable have a significant effect on investment decision, based on the t-test result which shows that t-count is higher in comparison to ttable (8,433>1,98045). Similarly, the risk perception variable have a significant effect on investment decision, which is shown by the higher tcount compared to t-table (2,319>1,98045).


Author(s):  
IGA MERTHA DEWI ◽  
Ida Bagus Anom Purbawangsa

Research respondents are employees of PT Bank Pembangunan Daerah Bali Branch Renon with a sample of 76 people. Sampling technique in this research use random sampling. Data were analyzed by using Multiple Linear Regression Analysis. The result of this indicate that financial literacy, income has a positive effect on investment decision behavior, but the work period positively has no effect on investment decision behavior. This is because in the banking industry, the entire new employee and who have been working long time get the training and obtain informations about financial developments and financial conditions that occur at this time. In the other words the undertanding of financial literacy and employee behavior is almost the same. Based on the results of statistical data, financial literacy variables have the most influence in determining the behavior of investment decisions compared to income. This explains that a good understanding of finance is a major factor in determining an invesment decisions.


2020 ◽  
Vol 4 (2) ◽  
pp. 312-320
Author(s):  
Muhammad Nasirudin ◽  
Wulan Sumekar ◽  
Tutik Dalmiyatun

Farmers' behavior indicates someone already knows good knowledge, attitude and skills in rice farming activities. the purpose of this study is the influence of socio-economic factors on the behavior of farmers in rice farming. This research was conducted on 21 September - 10 November 2019 in Sumber Kulon Village, Jatitujuh District, Majalengka Regency, West Java. The method used in this study is a survey with 240 respondents. Data collection techniques using questionnaires and interviews, while data analysis techniques using descriptive analysis and multiple linear regression analysis. Patani activities in rice farming are started from land preparation, selection of rice seeds, rice seedbed, planting, maintenance, food and post-harvest. The results showed that the influence of socio-economic factors on farmer's behavior in the level of siginification was 0.05 with 0.006, Educational variable was 0.094, experience variable was 0.552, motivation variable was 0.034, acceptance variable was 0.096, media information variable was 0,000 and agricultural extension variables were of 0.010. This can be seen from the contribution of farmers in social factors by 27% of the behavior of farmers because farmers only depend on rice farming activities. The reasons for choosing to keep doing this activity are, among other things, a family business. 


2021 ◽  
Vol 3 (2) ◽  
pp. 109-118
Author(s):  
Rahmat Septiandendi ◽  
Adi Firman Ramadhan

Deciding the investment scale of a company's Research & Development is a strategic investment decision related to creating long-term value of the company and it is a very important decision because it has a certain level of risk and the cost is not small. Corporate governance of a company differs according to the ownership structure of each company, and corporate governance will affect the company's decision-making. The purpose of this study is to examine the effect of corporate governance structure, namely major shareholder, institutional investor, and outside directors to investment research & development at a pharmaceutical company listed in Indonesian Stock Exchange period 2010 to 2017. The population of this study is a pharmaceutical company listed on the Indonesia Stock Exchange. The number of pharmaceutical companies listed during the period 2010 to 2017 is as many as 11 companies. By using purposive sampling, obtained a sample of 5 companies. The data analysis technique used in this research is multiple linear regression analysis. The results of this study indicate that major shareholders have a positive significant influence on research & development investment. Meanwhile, the institutional investor has a positively significant influence on research & development investment. And the outside directors have an insignificant negative effect on investment & development investment.


Author(s):  
Daiwan . ◽  
Dr. M. Mukti Ali, ST., MM

This study aims to determine and explain the effect of perceived quality, perceived risk, and perceived price on the buying interest of DFSK Glory 580. Respondents in this study were 150 people, data collection was carried out through questionnaires, data were analyzed using Multiple Linear Regression analysis ( using SPSS 25.0 tools). The results showed that: (1) There was an effect of Perception of Quality (X1) on Consumer Purchase Interest (Y) partially. (2) There is a partial influence of Risk Perception (X2) on Consumer Purchase Interest (Y). (3) There is a partial influence of Price Perception (X3) on Consumer Purchase Interest (Y). (4) There is an influence from Quality Perception (X1), Risk Perception (X2), Based on the analysis of the correlation matrix between dimensions, the performance dimension in the Quality Perception variable is indispensable for each increase in Consumer Purchase Interest (Y) especially in the Interest dimension. The Dimension of Function in the Risk Perception variable is indispensable for any increase in Consumer Purchase Interest (Y) especially in the Interest dimension. The Quality Dimension in the Price Perception variable is indispensable for any increase in Consumer Purchase Interest (Y) especially in the Action dimension.


Author(s):  
Titin Eka Ardiana ◽  
La Ode Sugianto ◽  
Siti Chamidah

This study aims to assess the minimum investment capital to start investing, and minimize the risk of loss and business instinct to analyze what effects are good to buy and of course it will be profitable in investing in the capital market. The approach used in this research is quantitative explanative research. In this study, there are two kinds of variables used, namely the dependent variable and the independent variable. The dependent variable used for this study is student investment interest in the capital market, while the independent variable used in this study consists of minimum investment capital (X1), and risk perception (X2). The data collection technique in this study is to use primary data, namely a questionnaire (questionnaire). The analytical method used in this study is to use multiple linear regression analysis using calculations through SPSS version 20. The results show that there is a positive and significant effect of minimal investment capital and risk perception on student investment interest simultaneously at the Faculty of Economics, University of Muhammadiyah Ponorogo. The contribution of these two variables contributed 44.3% and the remaining 55.7% was influenced by other variables not examined in the study. Keywords: Minimum Investment Capital, Risk Perception, and Investment Interest


2018 ◽  
Vol 6 (1) ◽  
pp. 1
Author(s):  
Aris Sasurya ◽  
Nadia Asandimitra

The main objective of this research is to examine theeffect of manajerial ownership, investment decision, funding decision, and dividend policy on firm value that listed on Indonesia Stock Exchange (IDX). In this study, firm value measured by Price Book Value (PBV). Samples used in this study consisted of 11 companies. This study used a purposive sampling method is by determining the number of samples taken to certain criteria. The data analysis technique used in this study is multiple linear regression analysis which previously has been tested with the classical assumption test. The results showed that simultaneously managerial ownership, investment decisions, funding decisions, and dividend significantly influence on firm value in the companies listed in Indonesia Stock Exchange. Partially managerial ownership and funding decisions does not affect on firm value in the companies listed in Indonesia Stock Exchange, while investment decisions and dividend policy positive effect on firm value in the Companies listed in Indonesia Stock Exchange


2019 ◽  
Vol 3 (1) ◽  
Author(s):  
M. Radi Yusmel ◽  
Evo Afrianto ◽  
Fikriman Fikriman

ABSTRAK Penelitian ini bertujuan untuk mengetahui produktivitas, tingkat sosial ekonomi dan pengaruh pengaruh faktor sosial ekonomi terhadap keberhasilan produktivitas petani padi sawah di Desa Seling Kecamatan Tabir Kabupaten Merangin. Penelitian dilaksanakan di desa Seling Kecamatan Tabir Kabupaten Merangin. Pemilihan lokasi penelitian ini dilakukan secara sengaja (purposive sampling) dengan pertimbangan bahwa desa Seling adalah desa dengan tingkat keberhasilan produksi padi sawah yang paling tinggi dibandingkan dengan desa lain di Kecamatan Tabir Dan penelitian dilaksanakan dari bulan Juli sampai Agustus 2018.Penelitian Metode yang digunakan dalam penelitian ini adalah metode Survei, yaitu peneliti meneliti karakteristik atau hubungan sebab akibat antar variabel tanpa adanya intervensi peneliti yang dilakukan dengan beberapa tahapan penelitian, yakni pengumpulan data hasil survei, analisis data dan pengujian hipotesis, serta menarik kesimpulan. Penarikan petani sampel dilakukan secara proporsional random sampling sebesar 10% dari 276 petani padi sawah yaitu 28 orang petani padi sawah. Adapun metode analisis data dalam penelitian ini adalah dengan menggunakan rumus produktivitas dan dengan memberikan pertanyaan yang dijawab oleh responden dan skor yang  diberikan berbeda untuk setiap jawaban yang tersedia sedangkan untuk mengetahui hubungan faktor sosial ekonomi dengan produktivitas maka digunakan metode analisis regresi linier berganda dengan menggunakan program SPSS.Hasil penelitian menunjukan Produktivitas petani padi sawah di Desa Seling Kecamatan Tabir Kabupaten Merangin adalah 1.996,44 Kg/Ha (1,99 ton/Ha) dengan luas lahan rata-rata 0,5 Ha dan menghasilkan rata-rata produksi sebanyak 1.001,79 Kg, sedangkan ingkat sosial ekonomi petani padi sawah di Desa Seling Kecamatan Tabir Kabupaten Merangin adalah tergolong tinggi yaitu 67,86 % dari 28 responden dengan skor total 1.168. Faktor sosial ekonomi secara bersama-sama tidak berpengaruh terhadap keberhasilan produktivitas petani padi sawah di Desa Seling Kecamatan Tabir Kabupaten Merangin yang dapat dilihat dari nilai F hitung (1,573) < F Tabel (2,796) dan secara parsial tingkat umur, tingkat pendidikan dan tingkat pendapatan sedangkan jumlah tanggungan keluarga berpengaruh negatif tehadap keberhasilan produktivitas kerja petani sampel. Kata Kunci : Faktor Sosial Ekonomi, Produktivitas, Petani Padi Saw   ABSTRACT             This study aims to determine the productivity, socio-economic level and the influence of socio-economic factors on the productivity productivity of rice farmers in Seling Village, Tabir District, Merangin Regency. The research was carried out in the Seling village of the District of Tabir Merangin. The location of this study was done intentionally (purposive sampling) with the consideration that Seling village was the village with the highest success rate of paddy production compared to other villages in Tabir Subdistrict and the research was conducted from July to August 2018.            Research The method used in this study is the Survey method, where researchers examine the characteristics or causal relationships between variables without the intervention of researchers conducted with several stages of research, namely collecting survey data, analyzing data and testing hypotheses, and drawing conclusions. Withdrawal of sample farmers was carried out in a proportional random sampling of 10% of 276 wetland rice farmers, 28 rice farmers. The method of data analysis in this study is to use the productivity formula and by giving questions answered by respondents and the scores given are different for each answer available while to find out the relationship between socio-economic factors and productivity, multiple linear regression analysis using the SPSS program is used. .            The results showed that the productivity of lowland rice farmers in Seling Village, Tabir District, Merangin Regency was 1,996.44 Kg / Ha (1.99 tons / ha) with an average land area of 0.5 Ha and produced an average production of 1,001.79 Kg while the socioeconomic level of wetland rice farmers in Seling Village, Tabir District, Merangin District is high, namely 67.86% of 28 respondents with a total score of 1,168. The socio-economic factors together did not affect the productivity productivity of paddy farmers in Seling Village, Tabir District, Merangin District, which can be seen from the F count (1.573) <F Table (2.796) and partially the age, education level and income level while the number of family dependents has a negative effect on the success of working productivity of sample farmers. Keywords: Socio-Economic Factors, Productivity, Paddy Farmers


2021 ◽  
Vol 5 (2) ◽  
pp. 203-216
Author(s):  
Lathifatunnisa ◽  
Asri Nur Wahyuni

The purpose of this study was to obtain empirical evidence about the influence of demographic factors, risk tolerance and overconfidence on investment decision making with the object of research being students in Pekalongan City. This study uses quantitative data by taking a sample of 100 student respondents using purposive sampling technique. The distribution of questionnaires was chosen as the data collection method in this study. Multiple linear regression analysis, classical assumption test and hypothesis testing using SPSS 25 program were used as analytical tools in this study. The results of this study indicate that demographic factors, namely age, gender and monthly income have a positive but not significant effect on investment decision making, risk tolerance has a significant positive effect on investment decisions. On the other hand, overconfidence has a positive but not significant effect on investment decision making.


2017 ◽  
Vol 5 (2) ◽  
Author(s):  
Herry Winarto ◽  
Noerlita Cahyani

In investing, investors should be able to determine what investment goals will be done. The investment decision in question is the decision to buy, sell, or retain ownership of shares. This study aims to analyze the effect simultaneously between Debt to Equity Ratio (DER), Net Profit Margin (NPM) and Earning Per Share (EPS) on Stock Price, analyze partially influence between Debt to Equity Ratio (DER) to Stock Price and Analyze the partial influence between Net Profit Margin (NPM) on Stock Price and to analyze the partial influence between Earning Per Share (EPS) on Stock Price at PT MEDCO ENERGI INTERNASIONAL Tbk in Indonesia Stock Exchange. The analytical method used multiple linear regression analysis with the help of SPSS version 20. The result of research shows that the relationship between Debt to Equity Ratio (DER), Net Profit Margin (NPM) and Earning Per Share (EPS) to stock price is very strong and positive, partially closeness relationship between Debt to Equity Ratio (DER) to the stock price is very strong and positive. Partially it can be seen that the closeness of relationship between Net Profit Margin (NPM) to stock price is low and positive, and partially closeness relationship between Earning Per Share (EPS) The stock is moderate and positive


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