ARTIKEL B26: West Nusa Tenggara Investors Behavior In Indonesia Stock Exchange

Putra, I Nyoman Nugraha Ardana ARTIKEL B26: West Nusa Tenggara Investors Behavior In Indonesia Stock Exchange. International Journal of Economics, Commerce and Management, 6 (8). pp. 181-197. ISSN 2348-0386

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Abstract

Investment activities require investors to make investment decisions. Investment decisions by different investors will encourage different behavior in investing. The difference in behavior is influenced by the fundamental factors and technical factors that will lead to the choice of investment term orientation by each investor, namely short-term investment and long-term investment. This study was conducted to assess the profile and behavior of West Nusa Tenggara (NTB) investor in investing in Indonesia Stock Exchange (IDX) by basing on the orientation of investment period and focused on the investors who are domiciled in NTB. This research is a qualitative research using case study approach and unit of analysis used is investment decision making process in IDX. The results of this study indicate that NTB investors have risk preference as risk taker and risk neutral. In realizing the investment objective of obtaining capital gains, the NTB investor has a different investment time orientation based on the risk preference. Risk-taker investors run investments with short-term orientation by investing daily and selecting stocks with the category of fried foods as an investment object. While riskneutral investors run investments with long-term orientation by investing monthly and selecting stocks with the bluechip category as the object of investment. In the decision-making process, NTB investors with short-term investment orientation use technical analysis techniques by basing information on stock price movements supported by various indicators available. Investors with long-term investment orientation use fundamental analysis by basing information on macroeconomic and micro enterprise (financial information). Short-term investors have a tendency to behave disposition effects and mental accounting. While long-term investors are more likely to behave representativeness. In general, NTB investors have met the assumption of rationality as a rational investor because it based every decision based on a thorough analysis according to the relevance of the information needed.

Item Type: Article
Keywords (Kata Kunci): Investor Behavior, Investment Decision, Financial Behavior, Stock Analysis
Subjects: A General Works > AI Indexes (General)
Divisions: Fakultas Ekonomi
Depositing User: Dr. I Nyoman Nugraha Ardana Putra
Date Deposited: 11 Jan 2021 07:00
Last Modified: 11 Jan 2021 07:00
URI: http://eprints.unram.ac.id/id/eprint/20455

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