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Behavioural Biases and Investment Decisions through Gender and Education Perspectives in Indonesia Interbank Call Money Market

In: Proceedings of the 8th Global Conference on Business, Management, and Entrepreneurship (GCBME 2023)

Author

Listed:
  • Saur Costanius Simamora

    (Universitas Pendidikan Indonesia)

  • Nugraha Nugraha

    (Universitas Pendidikan Indonesia)

  • Imas Purnamasari

    (Universitas Pendidikan Indonesia)

Abstract

The interbank call money market plays an essential role in the financial system, whereby financial institutions and banks borrow and lend funds on a short-term basis from each other. In Indonesia’s interbank money market, it is necessary to dig deeper into investor profiles and their relationship to investment decisions. This research investigates whether 11 behavioural biases (Availability, Hindsight, Representativeness, Overreaction, Conservatism, Anchoring Adjustment, Confirmation Bias, Excessive optimism and overconfidence, Mental Accounting, Framing Effect, and Disposition Effect) and in-vestment decisions have significant differences or not through gender and education perspectives. Thirty-two (32) respondents were sampled online through a questionnaire from Indonesian banking companies. Data were examined and analysed by nonparametric Mann-Whitney statistical analysis technique using SPSS as the statistical tool. The data revealed significant differences between men and women with excessive bias. Also, there is a significant difference be-tween Diploma bachelor’s and master’s degrees in the excessive and disposition bias. While at investment decisions, there are no significant differences through gender and education perspectives.

Suggested Citation

  • Saur Costanius Simamora & Nugraha Nugraha & Imas Purnamasari, 2024. "Behavioural Biases and Investment Decisions through Gender and Education Perspectives in Indonesia Interbank Call Money Market," Advances in Economics, Business and Management Research, in: Ratih Hurriyati & Lili Adi Wibowo & Sulastri Sulastri & Lisnawati Lisnawati (ed.), Proceedings of the 8th Global Conference on Business, Management, and Entrepreneurship (GCBME 2023), pages 30-36, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-443-3_5
    DOI: 10.2991/978-94-6463-443-3_5
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