Proceedings of the 19th International Symposium on Management (INSYMA 2022)

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The Effect of Financial Literacy and Demographic Factors on Behavioral Biases of Investors During a Pandemic

Authors
Veronica Elvira1, Bertha Silvia Sutejo1, *, Deddy Marciano1
1University of Surabaya, Surabaya, Indonesia
*Corresponding author. Email: bertha@staff.ubaya.ac.id
Corresponding Author
Bertha Silvia Sutejo
Available Online 5 December 2022.
DOI
10.2991/978-94-6463-008-4_7How to use a DOI?
Keywords
Financial behavior; demographic; financial literacy; behavioral biases
Abstract

The purpose of this study is to look at the impact of financial literacy and demographics on investor behavioral biases in Indonesia. Overconfidence, disposition effect, mental accounting, and herding bias were among the eight variables used in this study, which included four independent variables: financial literacy, age, occupation, and income, as well as four dependent variables: overconfidence, disposition effect, mental accounting, and herding bias. This is a sort of research that uses a quantitative technique to do basic research. The questionnaires were distributed to investors listed on the Indonesia Stock Exchange for this study. The findings reveal that gender and age influence overconfidence bias, that financial literacy and income level influence disposition, that financial literacy and age influence mental accounting, and that financial literacy and occupation influence herding prejudice.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 19th International Symposium on Management (INSYMA 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
5 December 2022
ISBN
978-94-6463-008-4
ISSN
2352-5428
DOI
10.2991/978-94-6463-008-4_7How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Veronica Elvira
AU  - Bertha Silvia Sutejo
AU  - Deddy Marciano
PY  - 2022
DA  - 2022/12/05
TI  - The Effect of Financial Literacy and Demographic Factors on Behavioral Biases of Investors During a Pandemic
BT  - Proceedings of the 19th International Symposium on Management (INSYMA 2022)
PB  - Atlantis Press
SP  - 47
EP  - 54
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-008-4_7
DO  - 10.2991/978-94-6463-008-4_7
ID  - Elvira2022
ER  -