PENGARUH THE BIG-FIVE PERSONALITY TRAITS TERHADAP INVESTMENT INTENTIONS DENGAN ATTITUDE TOWARDS FINANCIAL RISK SEBAGAI VARIABEL MEDIASI

Authors

  • Muhammad Kevin Kautsar Herman Indonesia Banking School
  • Ossi Ferli Indonesia Banking School

DOI:

https://doi.org/10.35384/jamie.v1i2.483

Keywords:

The Big-Five Personality Traits, Investment Intentions, Attitude towards Financial Risk

Abstract

Investment intentions in Indonesia still have a low percentage, only 3% teens in Indonesia who can see the opportunity in investment. The purpose of this research is to find the effect of The-Big Five Personality Traits, Attitude towards Financial Risk, Short-Term Investment and Long-Term Investment. This study uses a questionnaire as a measuring tool, which consists of several questions and distributed to the Jabodetabek with some criteria including Z and Y respondent, 151 respondents fill up the questionnaire. This research uses Path Analysis method with AMOS-SPSS programs. The results are two variables from The Big-Five Personality Traits had effects on Attitude towards Financial Risk. Other than that, The Big-Five Personality Traits had indirect effect to Short-Term and Long-Term Investment.

References

Anggraeni, Rina. 2021. “Ternyata Baru Tiga Persen Milenial Indonesia Yang Sadar Investasi.” Retrieved September 17, 2021 (https://www.idxchannel.com/economic s/ternyata-baru-tiga-persen-milenial- indonesia-yang-sadar-investasi).

Anon. n.d. “Generation Z Characteristics and Its Implications for Companies | McKinsey.” Retrieved October 11, 2021a (https://www.mckinsey.com/industries/c onsumer-packaged-goods/our- insights/true-gen-generation-z-and-its- implications-for-companies).

Anon. n.d. “IDX - Yuk Nabung Saham.” Retrieved October 11, 2021b (https://yuknabungsaham.idx.co.id/abou t-yns).

Anon. n.d. “Prospek Investasi Jangka Panjang Indonesia Cerah | BKPM.” Retrieved October 11, 2021c (https://www.bkpm.go.id/id/publikasi/d etail/berita/prospek-investasi-jangka- panjang-indonesia-cerah).

Bali, Turan G., K. Ozgur Demirtas, Haim Levy, and Avner Wolf. 2009. “Bonds versus Stocks: Investors’ Age and Risk Taking.” Journal of Monetary Economics 56(6):817–30. doi: 10.1016/j.jmoneco.2009.06.015.

Bencsik, Andrea, Tímea Juhász, and Gabriella Horváth-Csikós. 2016. “Y and Z Generations at Workplaces.” Journal of Competitiveness 6(3):90–106. doi: 10.7441/joc.2016.03.06.

Chitra, K., and Ramye Sreedevi. 2011. “Does Personality Traits Influence the Choice of Investment?” IUP Journal of Behavioral Finance Vol. 8(Issue 2):p47- 57. 11p. 6 Charts.

Cudmore, Ba, and John Patton. 2010. “The Millennials and Money Management.” Journal of Management ... 1–29.

Davies, GB, and P. Brooks. 2014. “Risk Tolerance: Essential, Behavioural and Misunderstood.” Journal of Risk Management in Financial Institutions Volume 7:110-113(4).

Fahmi, Muhammad. 2020. “Teruntuk Milenial, Jangan Investasi Ini, Ya! - Kompas.Id.” Retrieved October 11, 2021 (https://www.kompas.id/baca/opini/202 0/03/21/teruntuk-milenial-jangan- investasi-ini-ya/).

Hallahan, Terrence, Robert Faff, and Michael McKenzie. 2003. “An Exploratory Investigation of the Relation between Risk Tolerance Scores and Demographic Characteristics.” Journal of Multinational Financial Management 13(4–5):483–502. doi: 10.1016/S1042- 444X(03)00022-7.

Hira, Tahira K. 2012. “Promoting Sustainable Financial Behaviour: Implications for Education and Research.” International Journal of Consumer Studies 36(5):502– 7. doi: 10.1111/j.1470- 6431.2012.01115.x.

Jayani, Dwi. n.d. “Tren Investor Milenial Di Pasar Modal Terus Meningkat.” Retrieved September 16, 2021 (https://databoks.katadata.co.id/datapubl ish/2019/10/31/tren-investor-milenial- selalu-meningkat).

Kourtidis, Dimitrios, Prodromos Chatzoglou, and Zeljko Sevic. 2017. “The Role of Personality Traits in Investors Trading Behaviour: Empirical Evidence from Greek.” International Journal of Social Economics 44(11):1402–20. doi: 10.1108/IJSE-07-2014-0151.

Kurniullah, Ardhariksa, and Eriksa Revida. 2021. “Metode Penelitian Sosial.” Yayasan Kita Menulis. Retrieved September 17, 2021

Mayfield, Cliff, Grady Perdue, and Kevin Wooten. 2008. “Investment Management and Personality Type.” Financial Services Review 17(3):219.

Mishra, Sandeep, Martin L. Lalumière, and Robert J. Williams. 2010. “Gambling as a Form of Risk-Taking: Individual Differences in Personality, Risk- Accepting Attitudes, and Behavioral Preferences for Risk.” Personality and Individual Differences 49(6):616–21. doi: 10.1016/j.paid.2010.05.032.

Nandan, Tanuj, and Kumar Saurabh. 2016. “Big-Five Personality Traits, Financial Risk Attitude and Investment Intentions: Study on Generation Y.” International Journal of Business Forecasting and Marketing Intelligence 2(2):128. doi: 10.1504/ijbfmi.2016.078154.

Nga, Joyce K. h., and Leong Ken Yien. 2013. “The Influence of Personality Trait and Demographics on Financial Decision Making among Generation Y.” Young Consumers 14(3):230–43. doi: 10.1108/YC-11-2012-00325.

Özmen, Onur, and Zeynep Hatipoĝlu Sümer. 2011. “Predictors of Risk-Taking Behaviors among Turkish Adolescents.” Personality and Individual Differences 50(1):4–9. doi: 10.1016/j.paid.2010.07.015.

Pak, Olga, and Monowar Mahmood. 2015. “Impact of Personality on Risk Tolerance and Investment Decisions: A Study on Potential Investors of Kazakhstan.” International Journal of Commerce and Management 25(4):370– 84. doi: 10.1108/IJCoMA-01-2013- 0002.

Preacher, Kristopher. n.d. “Calculation for Sobel Test.” 2010.

Putra, Yanuar. 2016. “THEORITICAL REVIEW : TEORI PERBEDAAN GENERASI.”

Sadi, Rasoul, Hassan Ghalibaf Asl, Mohammad Reza Rostami, Aryan Gholipour, and Fattaneh Gholipour. 2011. “Behavioral Finance: The Explanation of Investors’ Personality and Perceptual Biases Effects on Financial Decisions.” International Journal of Economics and Finance 3(5). doi: 10.5539/ijef.v3n5p234.

Sahi, Shalini, and Ashok Arora. 2012. “Individual Investor Biases: A Segmentation Analysis.” Financial Vol. 4 No.

Santoso, Singgih. 2015. AMOS 22 Untuk Structural Equation Modelling.

Sarwono, Jonathan. 2014. “Path Analysis Dengan SPSS.” Retrieved September 17, 2021

Sitinjak, Elizabeth Lucky Maretha. 2019. “Pola Strategi Investasi Investor Individu Saham Menurut Generasi X, Y, Dan Z.” Jurnal Pasar Modal Dan Bisnis 1(1):67– 78. doi: 10.37194/jpmb.v1i1.10.

Widiger, Thomas. 2017. “The Oxford Handbook of the Five Factor Model.” Oxford Univesity Press. Retrieved September 17, 2021

Young, Susan, Gisli H. Gudjonsson, Philippa Carter, Rachel Terry, and Robin Morris. 2012. “Simulation of Risk-Taking and It Relationship with Personality.” Personality and Individual Differences 53(3):294–99. doi: 10.1016/j.paid.2012.03.014.

Downloads

Published

2023-12-16
Abstract Views: 89 | File Downloads: 140