IDEAS home Printed from https://ideas.repec.org/a/scm/usvaep/v24y2024i1(39)p209-217.html
   My bibliography  Save this article

The Impact Of Behavioral Biases On Investment Bias: An Empirical Study On Msmes In Indonesia

Author

Listed:
  • Witjaksono Eko Hartoto

    (Department of Management, Faculty of Economics and Business, Universitas Kristen Satya Wacana, Indonesia)

  • Apriani Dorkas Rambu Atahau

    (Department of Management, Faculty of Economics and Business, Universitas Kristen Satya Wacana, Indonesia)

  • Supramono Supramono

    (Department of Management, Faculty of Economics and Business, Universitas Kristen Satya Wacana, Indonesia)

Abstract

This study aims to investigate the impact of behavioral biases, such as negative framing, illusion of control, overconfidence, and self-control, on investment bias. The data was collected through a field survey, with 200 respondents representing Troso ikat weaving micro, small, and medium enterprises (MSMEs) in Jepara, Indonesia. The data was analyzed using structural equation modeling (SEM) in SmartPLS. The results show that the illusion of control and overconfidence both have a positive impact on the investment bias; overconfidence mediates the impact of illusion of control on the investment bias; negative framing does not have a negative impact on the investment bias; and the self-control fails to moderate the significant impact of overconfidence on the investment bias.

Suggested Citation

  • Witjaksono Eko Hartoto & Apriani Dorkas Rambu Atahau & Supramono Supramono, 2024. "The Impact Of Behavioral Biases On Investment Bias: An Empirical Study On Msmes In Indonesia," The USV Annals of Economics and Public Administration, Stefan cel Mare University of Suceava, Romania, Faculty of Economics and Public Administration, vol. 24(1(39)), pages 209-217, December.
    • Handle: RePEc:scm:usvaep:v:24:y:2024:i:1(39):p:209-217
    as

    Download full text from publisher

    File URL: http://www.annals.feaa.usv.ro/index.php/annals/article/view/1487/1207
    Download Restriction: no
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:scm:usvaep:v:24:y:2024:i:1(39):p:209-217. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Liviu Scutariu (email available below). General contact details of provider: https://edirc.repec.org/data/feusvro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.