Analisis Literasi Keuangan, Overconfidence dan Toleransi Risiko Terhadap Keputusan Investasi Saham
Abstract
During the Covid-19 pandemic, the number of stock investors has increased significantly, where the more investment activities there are, the more factors and basis for making investment decisions. The purpose of this study is to analyze the effect of financial literacy, overconfidence and risk tolerance on stock investment decisions in the people of Batam City. The approach used in this research is quantitative method, where data is collected by distributing questionnaires in the form of a Likert scale questionnaire with purposive sampling technique with a sample of 160 respondents. The data analysis method is in the form of multiple linear regression analysis using the SPSS version 25 application. The results show that financial literacy has a positive effect on stock investment decisions, overconfidence has a positive effect on stock investment decisions and risk tolerance has a positive effect on stock investment decisions.
Keywords: Financial Literacy; Overconfidence; Risk Tolerance; Investment Decision.
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References
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Shiyammurti, N. R., Saputri, D. A., & Syafira, E. (2020). Dampak Pandemi Covid-19 Di PT . Bursa Efek Indonesia (BEI). Journal of Accounting Taxing and Auditing (JATA), 1(1), 1–5. http://www.jurnal.umitra.ac.id/index.php/JATA/article/view/268/125
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Upadana, I. W. Y. A., & Herawati, N. T. (2020). Pengaruh Literasi Keuangan dan Perilaku Keuangan terhadap Keputusan Investasi Mahasiswa. Jurnal Ilmiah Akuntansi Dan Humanika, 10(2), 126. https://doi.org/10.23887/jiah.v10i2.25574
Adiputra, I. G. (2019). The Influence of Overconfidence , Representative Bias , and Risk Tolerance in Investment Decision Making : Evidence on Stock Investors in Indonesia. Journal of Economic, Business & Accounting, 21(February), 401–413. http://jonuns.com/index.php/journal/article/view/562
Anggraini, A., Zanaria, Y., & Rahayu, S. R. (2021). Pengaruh Financial Literacy, Overconfidence, Modal Minimal, Pemahaman Investasi Dan Risiko Terhadap Mahasiswa Akuntansi Fakultas Ekonomi Dan Bisnis Universitas Muhammadiyah Metro ). Jurnal Akuntansi AKTIVA, 2(1), 245–255. https://mail.scholar.ummetro.ac.id/index.php/aktiva/article/view/895
Awais, M., Fahad Laber, M., Rasheed, N., & Khursheed, A. (2016). Impact Of Financial Literacy And Investment Experience On Risk Tolerance And Investment Decisions: Empirical evidence from pakistan. International Journal of Economics and Financial Issues, 6(1), 73–79.
Budiarto, A., & Susanti. (2017). Pengaruh Financial Literacy, Overconfidence, Regret Aversion Bias, Dan Risk Tolerance Terhadap Keputusan Investasi (Studi pada investor PT. Sucorinvest Central Gani Galeri Investasi BEI Universitas Negeri Surabaya). Jurnal Ilmu Manajemen (JIM), 5(2), 1–9. https://jurnalmahasiswa.unesa.ac.id/index.php/jim/article/view/19441
DJKN. (2021). Aktivitas Pasar Modal Indonesia Di Era Pandemi. https://www.djkn.kemenkeu.go.id/artikel/baca/13817/Aktivitas-Pasar-Modal-Indonesia-Di-Era-Pandemi.html
Dwi Rakhmatulloh, A., & Asandimitra, N. (2019). Pengaruh Overconfidence, Accounting Information, dan Behavioural Motivation Terhadap Keputusan Investasi di Kota Surabaya. Jurnal Ilmu Manajemen (JIM), 7, 796–806. https://jurnalmahasiswa.unesa.ac.id/index.php/jim/article/view/29272
Ernitawati, Y., Izzati, N., & Yulianto, A. (2020). Pengaruh Literasi Keuangan dan Pelatihan Pasar Modal Terhadap Pengambilan Keputusan Investasi. Jurnal Proaksi, 7(2), 66–81. https://e-journal.umc.ac.id/index.php/JPK/article/view/1273
Jannah, W., & Ady, S. U. (2017). Analisis Fundamental, Suku Bunga, Dan Overconfidence Terhadap Pengambilan Keputusan Investasi Investor Di Surabaya. 1, 138–155. https://ejournal.unitomo.ac.id/index.php/manajemen/article/view/338
Khairiyati, C., & Krisnawati, A. (2019). Analisis Pengaruh Literasi Keuangan Terhadap Keputusan Investasi pada Masyarakat Kota Bandung. Jurnal Manajemen Dan Bisnis, 3(2), 301–312. http://journalfeb.unla.ac.id/index.php/almana/article/view/362/644
KSEI. (2021). Statistik Pasar Modal Indonesia Oktober 2021.
Kumari D.A.T. (2020). The Impact of Financial Literacy on Investment Decisions: With Special Reference to Undergraduates in Western Province, Sri Lanka. Asian Journal of Contemporary Education, 4(2), 110–126. https://doi.org/10.18488/journal.137.2020.42.110.126
Lindananty, & Angelina, M. (2021). Pengaruh Literasi Keuangan, Perilaku Keuangan dan Pendapatan terhadap Keputusan Investasi Saham di Bursa Efek Indonesia (BEI). Jurnal Buana Akuntansi, 6(1), 27–39. http://journal.ubpkarawang.ac.id/index.php/Akuntansi/article/view/1298
Mahadi, T. (2021). Jumlah investor pasar modal meningkat pesat selama periode Januari-Agustus 2021. Kontan.Co.Id. https://investasi.kontan.co.id/news/jumlah-investor-pasar-modal-meningkat-pesat-selama-periode-januari-agustus-2021
Nasution, D. A. D., Erlina, E., & Muda, I. (2020). Dampak Pandemi COVID-19 terhadap Perekonomian Indonesia. Jurnal Benefita, 5(2), 212. https://doi.org/10.22216/jbe.v5i2.5313
Pradikasari, E., & Isbanah, Y. (2018). Pengaruh Financial Literacy, Illusion of Control, Overconfidence, Risk Tolerance dan Risk Perception Terhadap keputusan Investasi Saham Pada Mahasiswa Di Kota Surabaya. Jurnal Ilmu Manajemen (JIM), 6(Vol 6, No 4), 424–434. https://core.ac.uk/download/pdf/230764030.pdf
Rahman, M., & Gan, S. S. (2020). Generation Y investment decision: an analysis using behavioural factors. Managerial Finance, 46(8), 1023–1041. https://doi.org/10.1108/MF-10-2018-0534
Shiyammurti, N. R., Saputri, D. A., & Syafira, E. (2020). Dampak Pandemi Covid-19 Di PT . Bursa Efek Indonesia (BEI). Journal of Accounting Taxing and Auditing (JATA), 1(1), 1–5. http://www.jurnal.umitra.ac.id/index.php/JATA/article/view/268/125
Sri Utami Ady, A. H. (2019). Do Young Surabaya‘s Investors Make Rational? International Journal of Scientific & Technology Research, 8(7). http://repository.unitomo.ac.id/1880/1/Editorial Board - International Journal of Scientific %26 Technology Research.pdf
Tanusdjaja, H. (2018). Keputusan Investasi Investor Individu Berdasarkan Kompetensi, Overconfidence dan Pendidikan. Jurnal Muara Ilmu Ekonomi Dan Bisnis, 2, 234–244. https://journal.untar.ac.id/index.php/jmieb/article/view/998
Upadana, I. W. Y. A., & Herawati, N. T. (2020). Pengaruh Literasi Keuangan dan Perilaku Keuangan terhadap Keputusan Investasi Mahasiswa. Jurnal Ilmiah Akuntansi Dan Humanika, 10(2), 126. https://doi.org/10.23887/jiah.v10i2.25574
Published
2022-03-26
How to Cite
HARDIANTO, Hardianto; LUBIS, Syarif Hidayah.
Analisis Literasi Keuangan, Overconfidence dan Toleransi Risiko Terhadap Keputusan Investasi Saham.
E-Jurnal Akuntansi, [S.l.], v. 32, n. 3, p. 684-696, mar. 2022.
ISSN 2302-8556.
Available at: <https://ojs.unud.ac.id/index.php/akuntansi/article/view/83880>. Date accessed: 14 nov. 2024.
doi: https://doi.org/10.24843/EJA.2022.v32.i03.p10.
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