THE INFLUENCE OF NEUROTICISM PERSONALITY TRAITS ON HERDING AND OVERCONFIDENCE IN INVESTMENT DECISION MAKING

Authors

  • Steve Kayne Faculty of Business and Economics, Petra Christian University
  • Njo Anastasia Faculty of Business and Economics, Petra Christian University
  • Sautma Ronni Basana Faculty of Business and Economics, Petra Christian University

DOI:

https://doi.org/10.35912/gcbm.v1i1.9

Keywords:

Behavioral finance, Investment decision, Investor, Personality, Stock

Abstract

This study is to determine the effect of neuroticism personality trait on stock investment decisions. This study is trying to find how fear and anxiety from the perspective of neuroticism personality trait affect the emergence of herding and overconfidence in investment decision. This study is conducted by distributing questionnaires to 116 millennial stock investors in Indonesia. Structural Equation Modelling (SEM) is used as the data analysis method in this study. This study is using PLS 3.0 to perform data analysis. The result reveal that neuroticism affect herding behavior in stock market. With this study result investor can be aware of biases they commit as a result of their personality.

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Published

2022-01-27

How to Cite

Kayne, S., Anastasia, N., & Basana, S. R. (2022). THE INFLUENCE OF NEUROTICISM PERSONALITY TRAITS ON HERDING AND OVERCONFIDENCE IN INVESTMENT DECISION MAKING. Global Conference on Business and Management Proceedings , 1(1), 45–51. https://doi.org/10.35912/gcbm.v1i1.9

Issue

Vol. 1 No. 1 (2021): Proceedings Global Conference on Business and Management

Section

Articles