Authors:

Muhammad Apri Wirawan Sinaga, Nila Firdausi Nuzula, Cacik Rut Damayanti

Abstract:

“This study aims to provide empirical evidence concerning the influence of risk psychology and investor sentiment on investment decision-making. The focus of this research is individual investors in Malang, who participate in the Indonesian stock market. Data collection was conducted from December 2022 to February 2023, utilizing a proportionate stratified random sampling method. The sample size meeting the specified criteria was 100 respondents, whose data was subsequently analyzed using variance-based structural equation modeling, commonly referred to as SEM-PLS. The findings suggest that risk psychology has a positive, albeit insignificant, effect on investment decision-making. However, risk psychology significantly influences investor sentiment, which in turn has a substantial and positive effect on investment decision-making. The study also provides empirical evidence of a robust indirect effect of risk psychology on investment decision-making. Keywords: psychology of risk, investor sentiment, investment decision”

Keywords

psychology of risk, investor sentiment, investment decision

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https://jurnal.harianregional.com/jiab/full-99681

Published

2023-07-31

How To Cite

SINAGA, Muhammad Apri Wirawan; NUZULA, Nila Firdausi; DAMAYANTI, Cacik Rut. The Psychology of Risk Influence and Investor Sentiment on Investment Decision Making in the Indonesian Stock Market.Jurnal Ilmiah Akuntansi dan Bisnis, [S.l.], v. 18, n. 2, p. 197-215, july 2023. ISSN 2303-1018. Available at: https://jurnal.harianregional.com/jiab/id-99681. Date accessed: 28 Aug. 2025. doi:https://doi.org/10.24843/JIAB.2023.v18.i02.p01.

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Issue

Vol 18 No 2 (2023)

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Articles

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