Proceedings of the 5th Global Conference on Business, Management and Entrepreneurship (GCBME 2020)

Gender Differences in Investment Biases

Authors
Tia Yuliawati, Maya Sari, Y Netti Siska
Corresponding Author
Tia Yuliawati
Available Online 2 September 2021.
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/).

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Volume Title
Proceedings of the 5th Global Conference on Business, Management and Entrepreneurship (GCBME 2020)
Series
Advances in Economics, Business and Management Research
Publication Date
2 September 2021
ISBN
978-94-6239-424-7
ISSN
2352-5428
DOI
10.2991/aebmr.k.210831.013How to use a DOI?
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  -