Jurnal Iqtisaduna
Prosiding International Conference on Islamic Economics and Business 2019

THE IMPACT OF ILLUSION OF CONTROL, OVERCONVIDENCE AND EMOTIONS ON INVESTMENT DECISIONS MADE BY YOUNG INVESTORS IN THE CITY OF MAKASSAR

Alim Syariati (Universitas Islam Negeri Alauddin Makassar)
Sumarlin Sumarlin (Universitas Islam Negeri Alauddin Makassar)
A. Nur Asri Ainun (Universitas Islam Negeri Alauddin Makassar)



Article Info

Publish Date
10 Jul 2020

Abstract

Young investors are unique in terms of making investment decisions. This study aims to examine the impact of illusion of control, overconvidence and emotion on investment decisions made by young investors in the city of Makassar. Using quantitative method, 114 investors are available as participants to answer the questionnaire of this research. The sampling technique used is accidental sampling. The results of the study show that Illusion of Control partially has a positive and significant impact on investment decisions. Overconvidence partially has a positive and significant impact on investment decisions. Emotions partially have a positive and significant impact also on investment decisions. Simultaneously illusion of control, overconvidence and emotion have a positive and significant effect on investment decisions. The findings of this study show that young investors in the city of Makassar involve psychological bias in making investment decisions.

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Journal Info

Abbrev

Iqtisaduna

Publisher

Subject

Religion Economics, Econometrics & Finance

Description

This study aims to determine the efforts of Islamic Financial Institutions in empowering SMEs, strategies and important roles carried out by LKS in order to empower SMEs through the provision of capital to be managed in business. The method used in this research is descriptive analysis method, a ...