East Asian Journal of Multidisciplinary Research (EAJMR)
Vol. 2 No. 8 (2023): August 2023

The Role of Behavioral Finance in Formal Debt Decisions Study of Micro Small Medium Enterprises (MSMEs) Semarang

Sri Suyati (Universitas 17 Agustus 1945 (UNTAG) Semarang)
Andalan Tri Ratnawati (Universitas 17 Agustus 1945 (UNTAG) Semarang)

Article Info

Publish Date
30 Aug 2023

Abstract

This research is to examine behavioral finance and its effect on formal debt decisions to improve business performance in micro, small, and medium enterprises in Semarang. Many studies have been conducted related to behavioral finance, where overconfidence, the illusion of control, and availability will influence formal debt decisions. The characteristics of MSMEs in making debt decisions are strongly influenced by behavioral finance. The analytical method used is quantitative with Smart PLS. The results of the analysis of overconfidence have no significant effect on formal debt decision-making, the illusion of control and availability have a positive and significant effect on formal debt decisions, and formal debt decisions have a positive and significant effect on business performance.

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Journal Info
East Asian Journal of Multidisciplinary Research (EAJMR)
Website

Abbrev

eajmr

Publisher

PT FORMOSA CENDEKIA GLOBAL

Subject

Computer Science & IT Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Industrial & Manufacturing Engineering

Description

East Asian Journal of Multidisciplinary Research (EAJMR) is a scientific multidisciplinary research journal published by Yayasan Pendidikan Penelitian Pengabdian Algero. The aim of this journal publication is to disseminate the research results, conceptual thoughts, improved research methodologies ...