Gender Differences in Investment Biases
- DOI
- 10.2991/aebmr.k.210831.013How to use a DOI?
- Keywords
- Gender, Stock Investment, Overconfidence, Herding Bias
- Abstract
This research investigates differences in investment bias based on the gender perspective among investors in Indonesia. The investment biases analyzed were overconfidence and herding. These two investment biases were found in many individual investors and often led to suboptimal investment decisions. This research involved 35 male investors and 30 female investors in the Indonesian capital market as respondents. Mann-Whitney test, a non-parametric test, was employed to compare male and female investors’ investment bias. The findings revealed that both female and male investors had reasonably high levels of overconfidence and herding. Hypothesis testing results indicated no significant difference in the level of overconfidence or herding between the two groups of investors because most of the participants were novice investors with limited investment knowledge and experience.
- Copyright
- © 2021, 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 - Tia Yuliawati AU - Maya Sari AU - Y Netti Siska PY - 2021 DA - 2021/09/02 TI - Gender Differences in Investment Biases BT - Proceedings of the 5th Global Conference on Business, Management and Entrepreneurship (GCBME 2020) PB - Atlantis Press SP - 62 EP - 65 SN - 2352-5428 UR - https://doi.org/10.2991/aebmr.k.210831.013 DO - 10.2991/aebmr.k.210831.013 ID - Yuliawati2021 ER -