Proceedings of the International Conference on Advance Research in Social and Economic Science (ICARSE 2022)

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Are Young Investors Leading the Herd? A Study on How Age Impacts Herding Behavior During Economic Crises

Authors
Rini Dwi Astuti1, *, Sri Isworo Ediningsih1, Akhmad Syari’udin1, C. Ambar Pujiharjanto1
1Universitas Pembangunan Nasional Veteran Yogyakarta, JL. SWK 104, Condong Catur, Yogyakarta, 55283, Indonesia
*Corresponding author. Email: rinidwiastuti@upnyk.ac.id
Corresponding Author
Rini Dwi Astuti
Available Online 27 April 2023.
DOI
10.2991/978-2-38476-048-0_19How to use a DOI?
Keywords
herding behavior; investment decisions; capital market; economic crisis
Abstract

This study aimed to investigate how different characteristics of investors, such as their gender, generation, and proportion of income invested in stocks, affect their decision-making and herding behavior during an economic crisis. Using an Ordered Logit Model, the study found that these factors do indeed impact investor behavior. Specifically, the younger generation is more likely to engage in herding behavior during times of crisis and may panic when making investment decisions. These findings have important implications for financial advisors and policy makers who seek to understand and manage investor behavior during times of economic uncertainty. By considering these demographic and economic factors, they may be better able to predict and manage investor reactions to market events.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the International Conference on Advance Research in Social and Economic Science (ICARSE 2022)
Series
Advances in Social Science, Education and Humanities Research
Publication Date
27 April 2023
ISBN
978-2-38476-048-0
ISSN
2352-5398
DOI
10.2991/978-2-38476-048-0_19How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Rini Dwi Astuti
AU  - Sri Isworo Ediningsih
AU  - Akhmad Syari’udin
AU  - C. Ambar Pujiharjanto
PY  - 2023
DA  - 2023/04/27
TI  - Are Young Investors Leading the Herd? A Study on How Age Impacts Herding Behavior During Economic Crises
BT  - Proceedings of the International Conference on Advance Research in Social and Economic Science (ICARSE 2022)
PB  - Atlantis Press
SP  - 171
EP  - 177
SN  - 2352-5398
UR  - https://doi.org/10.2991/978-2-38476-048-0_19
DO  - 10.2991/978-2-38476-048-0_19
ID  - Astuti2023
ER  -