Proceedings of the 6th International Conference on Tourism, Economics, Accounting, Management, and Social Science (TEAMS 2021)

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Identification of Herding Behavior, Overconfidence and Risk Tolerance Based on Gender Perspective on Stock Investors in Aceh

Authors
Zaida Rizqi Zainul1, *, Irma Suryani1
1Department of Management, Universitas Syiah Kuala, Banda Aceh, Indonesia
*Corresponding author. Email: zaida_rizqi@unsyiah.ac.id
Corresponding Author
Zaida Rizqi Zainul
Available Online 25 November 2021.
DOI
10.2991/aebmr.k.211124.024How to use a DOI?
Keywords
Behavioral finance; Capital markets; Herding; Overconfidence; Risk tolerance
Abstract

This study aims to compare herding behavior and risk tolerance between male and female investors in Aceh. The primary data used in this study was collected using questionnaires. The population in this study are investors in Aceh Province, Indonesia with a total sample of 386 respondents. The analytical method used was the Mann Whitney U test. The results show that: 1) There is a difference in risk tolerance between male and female investors in Aceh, 2) There is no difference in overconfidence between male and female investors in Aceh 3) There is a difference herding behaviour between male and female investors in Aceh. Also, advances in information technology, education level, knowledge make gender differences no longer a limitation for investors to feel more confident and brave in making investment decisions. This study is expected to enrich the financial management literature on investor behaviour, increase the number of capital market investors in Aceh through an investor behaviour approach, and a reference for implementing a long-term strategy in determining the capital market regulator in Aceh.

Copyright
© 2021 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article under the CC BY-NC license.

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Volume Title
Proceedings of the 6th International Conference on Tourism, Economics, Accounting, Management, and Social Science (TEAMS 2021)
Series
Advances in Economics, Business and Management Research
Publication Date
25 November 2021
ISBN
978-94-6239-465-0
ISSN
2352-5428
DOI
10.2991/aebmr.k.211124.024How to use a DOI?
Copyright
© 2021 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article under the CC BY-NC license.

Cite this article

risenwbib
TY  - CONF
AU  - Zaida Rizqi Zainul
AU  - Irma Suryani
PY  - 2021
DA  - 2021/11/25
TI  - Identification of Herding Behavior, Overconfidence and Risk Tolerance Based on Gender Perspective on Stock Investors in Aceh
BT  - Proceedings of the 6th International Conference on Tourism, Economics, Accounting, Management, and Social Science (TEAMS 2021)
PB  - Atlantis Press
SP  - 157
EP  - 164
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.211124.024
DO  - 10.2991/aebmr.k.211124.024
ID  - Zainul2021
ER  -