The Relationship Between Demographic Factors and InvestmentDecision in Surabaya  

Oleh:

Lutfi

Jenis: Article from Journal - ilmiah nasional - terakreditasi DIKTI
Dalam koleksi: Journal of Economics, Business, & Accountancy: ventura vol. 13 no. 3 (Dec. 2010), page 213-224.
Topik: Behavioral Finance; Investor's demography; Risk Tolerance; Investment Preference

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: VV5.8 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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Isi artikel

The financial literature supports an increasing role for nehavioral aspects of investment decision making. Among other factors, demographic factors may influence investors' risk tolerance and investmentpreferences. This paper explores the relationship between demographic factors, such as gender, age, marital status, education, income, and family members, and investor's risk tolerance as well as investment preference. First of all, it attempts to reveal the relationship between investor's demographic factors (gender, age, marital status, education, income, and number of family) and investor's risk behavior (risk seeker, risk averse. Secondly, it tries to see the relationship between investor's demographic factors (gender, age, marital status, education, income, and number of family) and typies of investment (bank products, capital market instrument, and physical assets). Finally, it endeavors to uncover the relationship between nvestor's demographic factors (gender, age, marital status, education, income, and number of family) and typies of investment (bank products, capital market instrument, and physical assets). Using a sample of 84 investors in Surabaya, this study shows that demographic factors explain investor;s risk tolerance and investment preference. The results also reveal a significant relationship between investors' risk tolerance and thei investment preferences.

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