Faktor-faktor yang Mempengaruhi Pengambilan Keputusan Investasi pada Investor Institusi

Guseriwan, Guseriwan (2019) Faktor-faktor yang Mempengaruhi Pengambilan Keputusan Investasi pada Investor Institusi. Undergraduate thesis, Universitas Internasional Batam.

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Abstract

Tujuan studi ini menganalisa hubungan perilaku keuangan yang menjadi penyebab pengambilan keputusan investasi pada investor institusi kota Batam. Berdasarkan semakin pentingnya perilaku keuangan, ketidakpastian informasi yang tersedia di pasar modal membuat investor menggunakan semua informasi untuk keputusan investasi yang rasional tetapi dalam kenyataannya, skenario yang terjadi berbeda. Studi ini mengumpulkan tanggapan dari 80 investor perusahaan asuransi, perbankan, keuangan, serta sekuritas kota Batam dengan menerapkan teknik purposive sampling. Diawali dengan analisis statistik deskriptif dan mengacu pada analisa partial least square structural equation model (PLS-SEM). Uji kausalitas antar variabel diawali dengan evaluasi model pengukuran atau outer model kemudian mengevaluasi model structural atau inner model. Hasil penelitian menunjukkan bahwa pada variabel heuristik, menghindari risiko, alat dan teknik keuangan dan tingkat tata kelola perusahaan berpengaruh signifikan terhadap pengambilan keputusan investasi. Namun, perilaku heuristik investor institusi kota Batam ditemukan secara parsial tidak berpengaruh terhadap pengambilan keputusan investasi menyimpulkan responden memiliki kecenderungan melakukan tindakan rasional dalam menilai informasi. Investor juga ditemukan secara parsial tidak menhindari risiko terhadap pengambilan keputusan investasi. Sedangkan tingkat tata kelola perusahaan dan alat serta teknik keuangan berpengaruh signifikan terhadap pengambilan keputusan investasi. Hal ini membuat metode keuangan yang digunakan sebagai perumusan keputusan investasi melalui analisa fundamental dan tingkat tata kelola perusahaan investor mampu memberikan nilai kepada pemegang saham. Pasar modal selalu mencerminkan informasi, yang mungkin memiliki efek positif atau negatif. ********************************************************************** This study aims to analyse the relation of financial behaviour’s on investment decision making in Batam city institutional investors. The importance of financial behaviour, the uncertainty of capital market information makes investors use information obtained for better result investment, but there is a different scenario to gain that result. The study gathered responses from 80 investors in Batam insurance, banking, finance and securities companies by applying purposive sampling techniques. Data analysis used descriptive statistical analysis and partial least square structural equation model (PLS-SEM). Test the causality relationship between latent variables through the structural model or inner model after testing the validity and reliability through the evaluation of the measurement model or outer model. The results showed that heuristic, risk aversion, financial tools and firm level corporate governance factors had a significant effect on investment decision making. However, Batam city institutional investors partially heuristic found no effect on investment decision making concluded that respondents had a tendency to take rational actions in assessing information. Investors were also found not risk averse towards investment decision making. While firm level corporate governance and financial tools have a significant effect on investment decision making. This makes financial tools formulated the investment decisions through fundamental analysis and the level of corporate governance investors are able to provide value to shareholders. Capital markets always reflect information, which may have a positive or negative effect.

Item Type: Thesis (Undergraduate)
Additional Information: Similarity: 24
Uncontrolled Keywords: Indonesian capital market, institutional investor, partial least square structural equation model, behavioral finance, corporate governance.
Subjects: H Social Sciences > HG Finance
Divisions: School of Economic and Business > Accounting
SWORD Depositor: Admin Repository Universitas Internasional Batam
Depositing User: Admin Repository Universitas Internasional Batam
Date Deposited: 19 Oct 2019 03:27
Last Modified: 19 Oct 2019 03:27
URI: http://repository.uib.ac.id/id/eprint/1652

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