Matrik: Jurnal Manajemen, Strategi Bisnis, Dan Kewirausahaan
Vol. 17 No. 2 (2023)

Financial Investment Behavior of Individual Investor in Indonesia After the Revocation of the Covid-19 Policy

Ghazali Syamni (Universitas Malikussaleh,Aceh)
Thasrif Murhadi (Faculty Economics and Business)
Marzuki Marzuki (Universitas Malikussaleh)
Zamzami Zainuddin (University of Malaya)
Sari Yulis Terfiadi (Universitas Malikussaleh)



Article Info

Publish Date
08 Oct 2025

Abstract

This study investigates the impact of psychological, social, and demographic aspects on Indonesian individual stock investors' decisions. With the help of Indonesian Stock Exchange Representative Offices in all provinces where there are representatives, this research is based on survey data and involves sending questionnaire links via WhatsApp, telegrams, and emails to participants. Following President Joko Widodo's announcement that social restrictions imposed during the previous pandemic had been lifted, the spread began after an initial one-week period in the first week of 2023. Thus, 108 questionnaire responses were collected for the survey. The findings demonstrated that individual stock investors' behavior was unaffected by gender, age, or marital status. Work, education, and experience have a positive and considerable influence on individual investors' investment behavior; however, the removal of social restraints has a negative impact on this behavior. According to the study's findings, education degree is the main variable that significantly affects stock investors' behavior.

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Journal Info

Abbrev

jmbk

Publisher

Subject

Decision Sciences, Operations Research & Management Economics, Econometrics & Finance

Description

MATRIK: JURNAL MANAJEMEN, STRATEGI BISNIS, DAN KEWIRAUSAHAAN aims as a medium of exchange of information and scientific works among the teaching staff, alumni, students, practitioners and observers of science in management, business strategy and entrepreneurship. MATRIK: JURNAL MANAJEMEN, STRATEGI ...