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Dampak Literasi Keuangan dan Bias Kognitif terhadap Keputusan Investasi: Sebuah Analisis Jonathan, Christy; Pradana, Bayu Laksma
Jurnal Akuntansi, Keuangan, dan Manajemen Vol. 6 No. 4 (2025): September
Publisher : Penerbit Goodwood

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35912/jakman.v6i4.4413

Abstract

Purpose: This study intends to investigate how financial literacy and cognitive biases, namely overconfidence and availability bias, influence investment decisions in the stock market. Methodology/approach: This research targeted stock investors in Jakarta, accumulating 141 responses via Google Forms survey distributed on social media. Responses were collected between October 2024 - December 2024 using purposive sampling. Data were examined by utilizing SmartPLS 3. Results/findings: The findings reveal that financial literacy and cognitive biases positively influence stock investment decisions. Furthermore, this research also displays that overconfidence bias moderates the relationship between financial literacy and investment decision, exhibiting negative impact. Conclusion: This study concludes that financial literacy and cognitive biases depict a significant role in forming investment decisions, emphasizing the importance for improved financial education to mitigate biases. Limitations: This study concentrates on a particular age group of investors in Jakarta, restricting its generalizability to the broader population of Indonesian investors. Contribution: This study enriches existing literature on investment decisions by highlighting the moderating role of overconfidence bias. Additionally, it underscores the importance of enhancing financial literacy in Indonesia to optimize investment decisions and reduce unnecessary losses.
Dampak Literasi Keuangan dan Bias Kognitif terhadap Keputusan Investasi: Sebuah Analisis Jonathan, Christy; Pradana, Bayu Laksma
Jurnal Akuntansi, Keuangan, dan Manajemen Vol 6 No 4 (2025): September
Publisher : Penerbit Goodwood

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35912/jakman.v6i4.4413

Abstract

Purpose: This study intends to investigate how financial literacy and cognitive biases, namely overconfidence and availability bias, influence investment decisions in the stock market. Methodology/approach: This research targeted stock investors in Jakarta, accumulating 141 responses via Google Forms survey distributed on social media. Responses were collected between October 2024 - December 2024 using purposive sampling. Data were examined by utilizing SmartPLS 3. Results/findings: The findings reveal that financial literacy and cognitive biases positively influence stock investment decisions. Furthermore, this research also displays that overconfidence bias moderates the relationship between financial literacy and investment decision, exhibiting negative impact. Conclusion: This study concludes that financial literacy and cognitive biases depict a significant role in forming investment decisions, emphasizing the importance for improved financial education to mitigate biases. Limitations: This study concentrates on a particular age group of investors in Jakarta, restricting its generalizability to the broader population of Indonesian investors. Contribution: This study enriches existing literature on investment decisions by highlighting the moderating role of overconfidence bias. Additionally, it underscores the importance of enhancing financial literacy in Indonesia to optimize investment decisions and reduce unnecessary losses.
Analisis Pengaruh Perubahan Nilai Tukar, Suku Bunga, Dan Arus Modal Asing Terhadap Return Indeks Perbankan Di BEI (Periode Q3 2024-Q3 2025) Kalif Arifan Sani; Bayu Laksma Pradana
Indonesian Journal of Economics Management and Accounting Vol. 3 No. 7 (2026): IJEMA - Juli 2026
Publisher : PT. INOVASI TEKNOLOGI KOMPUTER

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

Penelitian ini bertujuan untuk menganalisis pengaruh perubahan nilai tukar rupiah terhadap dolar Amerika Serikat, suku bunga acuan Bank Indonesia (BI Rate), dan arus modal asing terhadap return indeks saham sektor perbankan yang terdaftar di Bursa Efek Indonesia (BEI) pada periode kuartal III 2024 hingga kuartal III 2025. Metode penelitian yang digunakan adalah pendekatan kuantitatif dengan analisis regresi linier berganda. Pengujian hipotesis dilakukan melalui uji parsial (uji t) dan uji simultan (uji F) dengan tingkat signifikansi sebesar 5%. Hasil penelitian menunjukkan bahwa suku bunga acuan Bank Indonesia berpengaruh negatif dan signifikan terhadap indeks saham sektor perbankan, sedangkan Perubahan nilai tukar rupiah tidak berpengaruh signifikan secara parsial. Sementara itu, arus modal asing terbukti berpengaruh positif dan signifikan terhadap return indeks saham perbankan. Secara simultan, perubahan nilai tukar, suku bunga acuan, dan arus modal asing berpengaruh signifikan terhadap indeks saham sektor perbankan di Indonesia. Temuan ini mengindikasikan bahwa kebijakan moneter dan dinamika aliran modal internasional memiliki peran penting dalam memengaruhi pergerakan indeks saham sektor perbankan di Indonesia