Proceedings of the International Conference of Economics, Business, and Entrepreneur (ICEBE 2022)

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Control of Risk-Taking in Mutual Fund Investing Decisions

Authors
Farend Olivia Hutomo1, *, Cynthia Sari Dewi1, Eko Agus Endarto1
1Faculty of Bussiness, Universitas Multimedia Nusantara, Tangerang, Indonesia
*Corresponding author. Email: farend.hutomo@student.umn.ac.id
Corresponding Author
Farend Olivia Hutomo
Available Online 30 May 2023.
DOI
10.2991/978-2-38476-064-0_33How to use a DOI?
Keywords
Risk-taking behavior; Mutual fund; Behavioral finance
Abstract

Mutual funds are the most popular way to invest on the capital market, even though there are other options. Most of the time, investors use their analytical and math skills to decide what to invest in. But many studies on behavioral finance have shown that investors tend to act irrationally when making investment decisions, which is directly related to the way investors act when they take risks. This study investigates the variables affecting Indonesian mutual fund investors' risktaking behavior and its relation to investment decision. There are 178 mutual fund investors as respondents. The SPSS software version 22 is used in this study's multiple linear regression tests. Results revealed that while herding and familiarity bias have a considerable impact on investors' risktaking behavior, heuristics and prospects have no impact. This research enables investors who must construct and place themselves in a healthy investing environment with the knowledge they need to make a sound investment decision with valuable insight.

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 of Economics, Business, and Entrepreneur (ICEBE 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
30 May 2023
ISBN
978-2-38476-064-0
ISSN
2352-5428
DOI
10.2991/978-2-38476-064-0_33How 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  - Farend Olivia Hutomo
AU  - Cynthia Sari Dewi
AU  - Eko Agus Endarto
PY  - 2023
DA  - 2023/05/30
TI  - Control of Risk-Taking in Mutual Fund Investing Decisions
BT  - Proceedings of the International Conference of Economics, Business, and Entrepreneur (ICEBE 2022)
PB  - Atlantis Press
SP  - 305
EP  - 314
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-2-38476-064-0_33
DO  - 10.2991/978-2-38476-064-0_33
ID  - Hutomo2023
ER  -