Pengaruh Kepribadian dan Keterwakilan terhadap Persepsi Kinerja Investasi dengan Moderasi Interaksi Sosial di Pasar Modal Indonesia

Rahmahani, Citra Wanodya (2020) Pengaruh Kepribadian dan Keterwakilan terhadap Persepsi Kinerja Investasi dengan Moderasi Interaksi Sosial di Pasar Modal Indonesia. Undergraduate thesis, Institut Teknologi Sepuluh Nopember.

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Abstract

Pasar modal Indonesia merupakan salah satu pasar modal yang saat ini sedang berkembang. Kustodian Sentral Efek Indonesia (KSEI) mencatat sejak 26 Desember 2018 hingga 27 Desember 2019, jumlah Single Investor Identification (SID) meningkat sebesar 53,04% menjadi 2.478.243 SID yang didominasi 98,89% investor individu dan 1,11% investor institusional. Dengan jumlah tersebut, investor tentu memiliki rencana investasi sesuai dengan tujuan investasinya. Investasi yang sukses memerlukan penguasaan psikologi yang tinggi, sedangkan saat ini masih banyak investor yang melupakan pentingnya faktor psikologis dalam berinvestasi. Penelitian ini membahas mengenai pengaruh kepribadian Big Five dan keterwakilan terhadap persepsi kinerja investasi dengan moderasi interaksi sosial. Penelitian ini dilakukan menggunakan pendekatan kuantitatif secara daring terhadap 445 sampel investor saham individu dengan pengalaman aktif berinvestasi saham di pasar modal Indonesia minimal satu tahun. Uji hipotesis dilakukan menggunakan menggunakan metode Partial Least Square-Structural Equation Modelling (PLS-SEM). Temuan penelitian ini menunjukkan bahwa sub-variabel kepribadian keterbukaan memiliki pengaruh negatif terhadap persepsi kinerja investasi. Sedangkan, sub-variabel kerpibadian kehati-hatian, ekstraversi, mudah bersepakat, dan neurotisme memiliki pengaruh positif terhadap persepsi kinerja investasi. Selain itu, temuan lain menunjukkan bahwa variabel keterwakilan berpengaruh positif terhadap persepsi kinerja investasi. Pengujian efek moderasi menunjukkan bahwa terdapat temuan baru dimana variabel moderasi interaksi sosial memperkuat pengaruh kepribadian kehati-hatian terhadap persepsi kinerja investasi serta melemahkan pengaruh kepribadian mudah bersepakat terhadap persepsi kinerja investasi. Sedangkan, efek moderasi interaksi sosial tidak terjadi pada pengaruh kepribadian keterbukaan, ekstraversi, dan neurotisme terhadap persepsi kinerja investasi. Penelitian ini juga merumuskan implikasi manajerial yang dapat diterapkan oleh investor individu, regulator pasar modal, dan penasihat keuangan. =============================================================================================== Indonesian capital market is one of emerging capital markets in the world. Kustodian Sentral Efek Indonesia (KSEI) noted that from December 26, 2018 to December 27, 2019, the number of Single Identification Investors (SID) increased by 53.04% to 2,478,243 SID, which 98.89% individual investors and 1.11% institutional investors. By this amount, investors certainly have an investment plan in accordance with their investment objectives. Successful investment requires a high level of psychological mastery, but there are many investors who need to pay attention to psychological factors in investing. This study discusses the influence of the Big Five and representativeness on perceived investment performance and moderated by social interaction. This research was conducted using quantitative methods on 445 samples of individual stock investors with active investment experience in the Indonesian capital market for at least one year. Hypothesis testing is done using the Partial Least Square-Structural Equation Modeling (PLS-SEM) method. The findings of this study indicate that the openness personality has negative influence on perceived investment performance. Meanwhile, conscientiousness, extraversion, agreeableness, and neuroticism have positive influence on perceived investment performance. In addition, other findings indicate that the variable of representativeness has positive effect on perceived investment performance. There are new findings where the moderating variable of social interaction strengthens the influence of prudent personality on perceived investment performance and weakens the influence of personality on agreement on perceived investment performance. Meanwhile, the moderating effect of social interaction does not occur on the influence of personality openness, extraversion, and neuroticism on the perceived investment performance. This research also formulates managerial implications that can be applied by individual investors, capital market regulators, and financial advisors

Item Type: Thesis (Undergraduate)
Uncontrolled Keywords: Interaksi sosial, investor individu, kepribadian, keterwakilan, persepsi kinerja investasi, PLS-SEM, individual investor, perceived investment performance, personality, PLS-SEM, representativeness, social interaction.
Subjects: H Social Sciences > HG Finance > HG4529 Investment analysis
H Social Sciences > HG Finance > HG4529.5 Portfolio management
H Social Sciences > HG Finance > HG4910 Investments
Divisions: Faculty of Creative Design and Digital Business (CREABIZ) > Business Management > 61205-(S1) Undergraduate Thesis
Depositing User: Citra Wanodya Rahmahani
Date Deposited: 14 Aug 2020 02:10
Last Modified: 14 Aug 2020 02:10
URI: http://repository.its.ac.id/id/eprint/77938

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