Stock Selection Model in the Formation of an Optimal and Adaptable Portfolio in the Indonesian Capital Market

• 영문명: Stock Selection Model in the Formation of an Optimal and Adaptable Portfolio in the Indonesian Capital Market
• 발행기관: 한국유통과학회
• 저자명: Hendri SETIADI Noer Azam ACHSANI Adler Haymans MANURUNG Tony IRAWAN
• 간행물 정보: 『The Journal of Asian Finance, Economics and Business(JAFEB)』Vol. 9 No.9, 351~360쪽, 전체 10쪽
• 주제분류: 경제경영 > 경제학
• 파일형태: PDF
• 발행일자: 2022.10.31

영문 초록

This study aims to determine the factors that can influence investors in selecting stocks in the Indonesian capital market to establish an optimal portfolio, and find phenomena that occurred during the COVID-19 pandemic so that buying interest / the number of investors increased in the Indonesian capital market. This study collection technique uses primary data obtained from the survey questionnaire and secondary data which is market data, stock price movement data sourced from the Indonesia Stock Exchange, Indonesian Central Securities Depository, and Bank Indonesia, as well as empirical literature on behavior finance, investment decision, and interest in buying stock. The method used in this research is the survey questionnaire analysis with the SEM (statistical approach). The results of the analysis using SEM show that investor behavior influences the stock-buying interest, investor behavior, and the stock-buying interest influences investor decision-making. However, risk management does not influence investor-decision making. This occurs when the investigator’s psychological capacity produces more decision information by decreasing all potential biases, allowing the best stock selection model to be selected. When the investigator’s psychological capacity creates more decision information by reducing biases, the optimum stock selection model can be chosen.

목차

1. Introduction

2. Literature Review

3. Research Methods and Materials

4. Results and Discussion

5. Conclusion

References

Appendix

키워드

Investor Behavior Investor Decision Making Risk Management Structural Equation Modeling Stock Buying Interest