Rahayu, Sri and Rohman, Abdul and Harto, Puji and Utomo, Mohamad Nur and Safitri, Julia (2020) Supply Chain Herding Behavior Management in Investment Decision among Investors at Indonesia Stock Exchange: Experimental Study on the Social Effect of Established Investors and the Informative Effect of Information Regarding Earning Per Share Value. International Journal of Supply Chain Management, 9 (6). pp. 200-208. ISSN 2051-3771 (Print)
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9. Supply Chain Herding Behavior Management in Investment Decision among Investors at Indonesia Stock Exchange Experimental Study on the Social Effect of Established Invest.pdf Download (573kB) | Preview |
Abstract
This research is aimed to conduct an empirital test on supply chain herding behavior of domestic investors in capital market in Indonesia by assuming that supply chain herding behavior is affected by the social effect of established investors and the informative effect of information regarding Earning Per Share (EPS) value. Motivation behind this research is a concern that many investors often make mistakes repeatedly in their investment decision, which later it forces them to suffer a great loss. This phenomenon is explained using Behavioral Finance Theory. The theory says that while making decision to invest, investors are affected more by irrational factor than rational factor. Research method was using 2x2 factorial experiment design that involved two factors and two indicators in each factor. The effect of two factors and also two indicators in each factor, either partially or simultaneously, on supply chain herding behavior in investment decision was tested. Data were collected by giving treatment to 100 investors. The collected data were processed for testing the hypothesis. Data analysis was done by determining mean difference value across the groups and examining the effect of independent variable on dependent variable. Result of research shows that the social effect of the established investors who are skilled in investment analysis is more dominant and significant on investors’ decision to invest than the informative effect of information regarding EPS value. The implication of this result is that investors need to understand their psychological condition and strengthen their investment analysis skill. It is suggested that the next research should use biased psychology as variable or other indicator of accounting information that influences investment decision.
| Item Type: | Article |
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| Additional Information (ID): | 23/B0069.pdf |
| Uncontrolled Keywords: | Supply chain herding, Social Effect, Information Regarding Earning Per Share Value, Experimental, Supply Chain Management |
| Subjects: | 300 Social Science > 330-339 Economics (Ilmu Ekonomi) > 332.6 Investment (Investasi) 600 Technology and Applied Sciences > 650-659 Management and Auxiliary Service (Manajemen dan Ilmu yang Berkaitan) > 658.152 Management of Investment, Capitalization (Manajemen Investasi, Manajemen Modal, Kapitalisasi) |
| Divisions: | Koleksi Digital > Artikel |
| Depositing User: | CR Cherrie Rachman |
| Date Deposited: | 24 May 2023 09:11 |
| Last Modified: | 26 Sep 2023 04:17 |
| URI: | http://repository.ut.ac.id/id/eprint/10482 |
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