DETERMINANTS IN YOUNG INVESTORS BEHAVIOR DURING COVID-19 PANDEMIC IN INDONESIA: EVIDENCE FROM YOUNG INVESTORS IN STOCK MARKET BASED IN BANDUNG

• Main Author: Kusuma, Ricky
• Format: Final Project
• Language: Indonesia
• Online Access: https://digilib.itb.ac.id/gdl/view/69449
• Institution: Institut Teknologi Bandung

The growth of the investment world as well as the growing number of investors in the midst of the Covid-19 pandemic in Indonesia are becoming increasingly interesting sectors to discuss. The investment decisions of an investor are very diverse and interesting. The investment behavior of an investor is very influential on the investment decisions they will make in the future which can vary depending on geographical factors, age, and the sector of investment instruments. Investment behavior is very diverse and unique, therefore this study wants to discuss the relationship between investment decisions and investment behavior, especially from young investors in the stock market who are domiciled in Bandung, Indonesia. Because investment behavior is very diverse, in this study, researchers will use 4 investment behavior variables, namely Risk Perception (perspective of risk), Risk Propensity (willingness to take risks), Herding Behavior (behavior of following others), and Vaccination Updates (information or development of the vaccination process) as an independent variable on Investment Decision as the dependent variable. This research will be conducted with quantitative methods. An online questionnaire survey was used to collect 419 respondents from young investors with criteria aged 18-39 years old, currently or have been playing stocks and domiciled in Bandung. Then, the data that has been collected will be processed and presented with descriptive statistics and using the PLS-SEM method to analyze the data. The results showed that Risk Perception, Risk Propensity, and Vaccination Updates had a significant positive effect on Investment Decisions, while Herding Behavior had no significant positive effect on Investment Decisions in young investors in the stock market based in Bandung.