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Journal : Wacana, Jurnal Sosial dan Humaniora

Effect of Fundamental Factors and Demographic Informations on Personality and Investment Decision Ika Sisbintari; Suhadak Suhadak; Siti Ragil; Nila Firdausi Nuzula
Wacana Journal of Social and Humanity Studies Vol. 22 No. 3 (2019)
Publisher : Sekolah Pascasarjana Universitas Brawijaya

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Abstract

Investment decision making is a process that involves investor psychology. Many events in capital market are anomalies that traditional finance cannot explain. Researchers in finance field then turn to non-economic aspects of investor psychology which causes behavioral finance to emerge. In principle, behavioral finance is a study of three fields of science, namely finance, psychology and sociology. This study aims to (1) test and explain the effect of fundamental factors on investment decision; (2) test and explain the effect of demographic informations on personality; (3) test and explain the effect of personality on investment decision; (4) test and explain the effect of demographic informations on investment decision. Data collection was carried out using a questionnaire with a response rate of 72.4% (of the 500 questionnaires sent, 362 returned questionnaires that could be analyzed). Data analysis used Generalized Structured Component Analysis (GeSCA). The results showed that (1) fundamental factors had a significant effect on investment decision; (2) demographic informations had a significant effect on personality; (3) personality had a significant effect on investment decision; (4) demographic informations had a significant effect on investment decision.
The Effect of Capital Structure and Ownership Structure on Financial Performance and Dividend Policy on Manufacturing Companies in the Indonesia Stock Exchange Samira Hanim; Suhadak Suhadak; Nila Firdausi Nuzula
Wacana Journal of Social and Humanity Studies Vol. 21 No. 3 (2018)
Publisher : Sekolah Pascasarjana Universitas Brawijaya

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Abstract

This study aimed to examine the effect of capital structure and ownership structure on financial performance and dividend policy. The study involved the manufacturing companies listed on IDX from 2012 to 2016. The data were analyzed by applying PLS (Partial Least Square). Research method used in this research was explanatory research using purposive sampling. The results of this study were: Capital Structure had a positive significant effect on Financial Performance, Capital Structure had non-significant effect on Dividend Policy, Ownership Structure had a positive significant effect on Financial Performance, Ownership Structure had non-significant effect on Dividend Policy, and Financial Performance had a positive significant effect on Dividend Policy.