Proceedings of the 1st Economics and Business International Conference 2017 (EBIC 2017)

Are Men Or Women More Overconfident In Investment Decision-Making?

Authors
Khaira Rizfia Fachrudin, Prihatin Lumbanraja, Isfenti Sadalia, Arlina Nurbaity Lubis
Corresponding Author
Khaira Rizfia Fachrudin
Available Online January 2018.
DOI
https://doi.org/10.2991/ebic-17.2018.13How to use a DOI?
Keywords
overconfidence; investment decision; investment decision-making
Abstract

Stock investment decisions are actions that will generate the highest expected return. This study aims to determine the influence of gender toward overconfidence and investment decision-making and to test whether there are differences in overconfidence between men and women. The population is investors in the city of Medan, Sample is from investors who are actively investing online incorporated in a securities company located in Medan. This study used primary data by questionnaires with sample consisted of 120 respondents. Data analysis using descriptive statistical analysis, regression and Mann-Whitney Test. The results showed no significant influence with alpha five percent between gender toward overconfidence and investment decision-making; there has influence overconfidence toward investment decision-making. There is no difference in overconfidence between men and women. The result of this research is that securities firms can offer investments with different levels of risk to men and women simultaneously.

Copyright
© 2018, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Download article (PDF)

Volume Title
Proceedings of the 1st Economics and Business International Conference 2017 (EBIC 2017)
Series
Advances in Economics, Business and Management Research
Publication Date
January 2018
ISBN
978-94-6252-470-5
ISSN
2352-5428
DOI
https://doi.org/10.2991/ebic-17.2018.13How to use a DOI?
Copyright
© 2018, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Cite this article

TY  - CONF
AU  - Khaira Rizfia Fachrudin
AU  - Prihatin Lumbanraja
AU  - Isfenti Sadalia
AU  - Arlina Nurbaity Lubis
PY  - 2018/01
DA  - 2018/01
TI  - Are Men Or Women More Overconfident In Investment Decision-Making?
BT  - Proceedings of the 1st Economics and Business International Conference 2017 (EBIC 2017)
PB  - Atlantis Press
SP  - 68
EP  - 72
SN  - 2352-5428
UR  - https://doi.org/10.2991/ebic-17.2018.13
DO  - https://doi.org/10.2991/ebic-17.2018.13
ID  - Fachrudin2018/01
ER  -