DO PERSONALITY AFFECT INVESTMENT INCLUSION? THE CASE OF MILLENNIAL’S DECISION IN INDONESIAN CAPITAL MARKET

• Main Author: Widarani, Yosi
• Format: Theses
• Language: Indonesia
• Subjects: Manajemen umum
• Online Access: https://digilib.itb.ac.id/gdl/view/33784
• Institution: Institut Teknologi Bandung

Indonesia is proven to be one of countries which attracts investor. This can be seen from data that number of investor in Indonesia keep on increasing from year to year. The majority of the investor come from the young generation or what we called Millennial. Some research have mentioned many characteristic of Millennial and one of them are the trust issue within them because of the experience happened during their growth such as war, market crash, etc. This has effected in the way they invest. They believe in their own-self rather than to the investment managers like their previous generation did. This issue is important because the investment managers face new challenges of a different characteristic personality. Theory of behavior finance argue that personality has a significant role in investment behavior. Big Five Personality test is one of the well-known and widely used for research to measure someone’s personality. The personality characteristic of Openness is believed to be one personality that have close relationship with people’s decision to invest because people who has this personality are them who open and willing to try new things and experiences. Author believes that not only personality that may affect people’s decision to invest; there are lot more factors to be considered. Some may have known that financial literacy and demographic data have an effect on this. Further, Indonesia Government Programs that assumed to have role to increase people’s decision to invest in capital market will also include in this research.