THE VISUAL INVESTOR: HOW ARE NOVICE INVESTORS TRANSACTING SHARIA STOCK
Abstract
The phenomenon of transacting sharia stock for novice investors is the spearhead of stock movements in Indonesia. Novi`ce investors should consider several important aspects in making transacting sharia stock. This study aims to determine how much influence the quality of accounting information, subjective norms, and perceived behavioral control of sharia stock investment decisions. This research uses a quantitative approach with multiple linear regression analysis. Data collection comes from distributing questionnaires to stock investors of members of the KSPMS Golden UIN North Sumatra through Google Form. The results of this analysis find the quality of accounting information (X1) and subjective norms (X2) have no significant effect partially on sharia stock investment decision making (Y). While the perceived behavioral control (X3) has a significant impact on (Y). The F Test results obtained that the F count> F table is 16.531> 2.81 with a significance value of 0.000 <0.05, it can be concluded that X1, X2, and X3 have a significant simultaneous effect on Y. This research is quite important where novice investors can be the initial spearhead of smart investors, able to educate the public, and not be emotional.
Keywords: Novice Investors, Transacting Sharia Stock
Full Text:
PDFReferences
Adhikara, Amrozi, Masclichah, and Nurdiana. 2014. Manfaat Informasi Akuntansi Terhadap Intensi Pemilihan Saham Di Bursa Efek Indonesia. In Simposium Nasional Akuntansi XVII.
Agustin, Paramita. 2014. Perilaku Investor Muslim Dalam Bertransaksi Saham Di Pasar Modal. JESTT 1 (12): 88891.
Ahyaruddin, Muhammad, Dwi Widiarsih, and Doni Winarso. 2017. Pengaruh Psikologi Investor Terhadap Volume Perdagangan Saham (Studi Empiris Pada Indeks Saham LQ45 Yang Terdaftar Di BEI) The Effect Of Investor Psychology On Trading Volume (Empirical Study on Index LQ45 Listed in Indonesia Stock Exchange). Jurnal Akutansi Dan Ekonomika 7 (2): 12130. http://ejurnal.umri.ac.id/index.php/jae.
Ajzen, Ijeck. 2005. Theory of Planned Behavior. Organizational Human Behavior and Human Decission Processes.
Atmaja, Lukas Setia. 2011. Who Wants To Be Rational Investor. Jakarta: PT. Gramedia.
Bakar, Suzaida, and Amelia Ng Chui Yi. 2016. The Impact of Psychological Factors on Investors Decision Making in Malaysian Stock Market: A Case of Klang Valley and Pahang. Procedia Economics and Finance 35 (October 2015): 31928. https://doi.org/10.1016/s2212-5671(16)00040-x.
Betty, M, and Y Yuli. 2018. Perilaku Investor Muslimah Di Pasar Modal Syariah Di Lampung. Jurnal Bisnis Darmajaya 04 (01): 2644.
Boda, Jhansi Rani, and G. Sunitha. 2018. Investor S Psychology in Investment Decision Making : A Behavioral Finance Approach. International Journal of Pure and Applied Mathematics 119 (7): 125361. https://acadpubl.eu/jsi/2018-119-7/articles/7b/39.pdf.
Dhaoui, Bourouis, and Boyaciouglu. 2013. The Impact of Investor Psychology on Stock Market: Evidence From France. Journal of Academic Research in Economics 5 (1).
Fenny Cathlyn, and Dewi Astuti. 2017. Pengaruh Financian Literacy Dan Financial Psycology Terhadap Investment Decision Professional Muda Di Surabaya. Manajemen Keuangan 5 (1).
Firman,D.(2018).PengaruhperputarankasdanperputaranpiutangterhadapreturnonassetspadaperusahaankeramikyangterdaftardiBursaEfekIndonesia.JurnalStudiAkuntansi&Keuangan,2(1),7-14.Retrievedfromhttp://ejurnal.id/index.php/jsak/article/view/112.
Hafizh, Muhamma, Nur Hidayah, and Purnama Ramadani Silalahi. 2020. Macroeconomic And Profit Sharing Financing In Islamic Banking In Indonesia: The Third Parties Fund As Intervening. Jurnal Akuntansi Dan Keuangan Islam Volume 8 (2).
Indra, Suryani tatik dan Listyarti. 2014. Determinant Factor of Investors Behavior in Investment Decision in Indonesia Capital Markets. Journal of Economic, Business and Accountancy Ventura 17 (1): 4554.
Ishfaq, Muhammad, ett all. 2020. "Cognitive Bias and The Extraversion Personality Shaping The Behavior Of Investors". Article Frontiers in Psycology.
Koti, Katikey. 2018. Factors Influencing Investment Decision in India Stock Maret Based on Representativeness.
Mamun, Al, Abu Syeed, and Farida Yasmeen. 2015. Journal of Economic & Financial Studies Are Investors Rational , Irrational or Normal ? 03 (04): 115.
M. `za Alpi, Pengaruh Debt To Equity Ratio, Inventory Turn Over, Dan Current Ratio Terhadap Return On Equity Pada Perusahaan Sektor Farmasi Yang Terdaftar Di Bursa Efek Indonesia. Prosiding: ISSN: 2621 - 1572 The National Conferences Management and Business (NCMAB) 2018 Pemberdayaan dan Penguatan Daya Saing Bisnis Dalam Era Digital. p. 158
Maya Sari, Nurul Hidayah and Ade Gunawan, Analisis Determinan Nilai Perusahaan Pada Perusahaan Transportasi di Bursa Efek Indonesia. Jurnal Humaniora Vol. 4, No. 1, April 2020 : 172-182. www.jurnal.abulyatama.ac.id/humaniora ISSN 2548-9585 (Online)
Murviana Koto and Rashid Ridho, Analisis Faktor-Faktor Yang Mempengaruhi Harga Saham Industri Makanan Dan Minuman Di Indonesia.Prosiding, FRIMA2019.
Paramitha, R.S, Kusumaningrum, Mushodhalifah, and U Hartono. 2018. Young Investor Behavior: Implementation Theory of Planned Behavior. International JOurnal of Civil Engineering and Technology 9 (7): 73346.
Puspitaningtyas, Zarah. 2013. Perilaku Investor Dalam PEngambilan Keputusan Investasi Di Pasar Modal. Perilaku Investor Dalam PEngambilan Keputusan Investasi Di Pasar Modal, no. investasi, behavior finance. https://www.researchgate.net/publication/259392260.
Rahmayati Nasution, Model Pembiayaan Infrastruktur Melalui Perusahaan Dana Pensiun Dengan Instrumen Sukuk Yang Diterbitkan Oleh Perusahaan BUMN. EKONOMIKAWAN : Jurnal Ilmu Ekonomi dan Studi Pembangunan Vol. 17 No. 2, 2017.
Sarwar, Aamir, and Ghadeer Afaf. 2016. A Comparison between Psychological and Economic Factors Affecting Individual Investor s Decision- Making Behavior. Cogent Business & Management 5. https://doi.org/10.1080/23311975.2016.1232907.
Septyanto, Dihin, Sudarwan, and Ignatius Joko Dewanto. 2017. Model Behavior of Sharia Investment Decision on Muslim Investor in Indonesia Stock Exchange (IDX). International Journal of Economic Research. http://www.jardcs.org/abstract.php?id=1981.
Shefrin, Hers, and Meir Statman. 2011. Behavioral Finance in the Financial Crisis: Market Efficiency, Minsky, and Keynes, 53. https://www.russellsage.org/sites/all/files/Rethinking-Finance/Shefrin Statman 01272012.pdf.
Silalahi, Purnama Ramadani. 2020. Perilaku Investor Muslim Dalam Pengambilan Keputusan Investasi Saham Di Bursa Efek Indonesia. Universitas Islam Negeri Sumatra Utara. http://repository.uinsu.ac.id/9589/.
Sri Fitri Wahyuni, Radiman, Yogi Pranata, Pengaruh Internet Financial Reporting dan Tingkat Pengungkapan Informasi Website Terhadap Frekuensi Perdagangan Saham. al Humaniora, Vol.4, No. 1, April 2020 : 130-144
Sugianto, Muslim Marpaung, Siti Mujiatun, Ismail Husein, and Purnama Ramadani Silalahi. 2020. The Behavior Of Muslim Investors In Investing In Stocks On The Indonesia Stock Exchange During The Covid-19 Pandemic. Systematic Reviews in Pharmacy 11 (4): 74552. https://doi.org/10.31838/srp.2020.4.109.
Yanto, Ilham Masrurun dan Heri. 2015. Determinan Perilaku Investor Individu Dalam Pengambilan Keputusan Investasi Saham. Accounting Analysis Journal 4 (4): 19.
Refbacks
- There are currently no refbacks.