Personality as Moderating Variables on Risk Preference Determinants

Setyorini, Haryati and Suharto, Sri Maemunah and Ismiyanti, Fitri (2016) Personality as Moderating Variables on Risk Preference Determinants. European Journal of Business and Management, 8 (6). pp. 161-176. ISSN 2222-2839

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Abstract

This study will investigated the personality dimensions as a moderating variables that influence on risk preference determinants. The big five dimensions of personality are extrovertion, agreeableness, conscientiousness, neuroticism and openness. As the determinants of risk preference are investor experience, investment period, investor interest, investor motive, investor emotion, self control, financial planning and control, financial condition, risk preference. This study employed the investors in Indonesian Stock Exchange especially the investors from the big cities Indonesia through many financial and securities all over Indonesia. The data has found through distributed the questionnaires to the investors directly, and also direct mail. The focus of the study is to measure the moderating effect of personality toward risk preference determinants. Because different investor has different preference. The result of the study stated that the most influences factor towards risk preference is neuroticism and the most independent, not moderated, is investor emotion. Neuroticism, the biggest influence because of the characteristcs or the investors was worried, pessimistic and other negative sense. The investor concern about risk preference, so, the influence of neuroticism become one of the most influence dimensions toward risk preference.

Item Type: Article
Subjects: 300 - SOCIAL SCIENCE > 330 - 339 ECONOMICS
Divisions: Lecturer
Depositing User: HARYATI SETYORINI
Date Deposited: 21 May 2021 02:36
Last Modified: 02 Jun 2022 04:05
URI: http://eprints.perbanas.ac.id/id/eprint/7804

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