Control of Risk-Taking in Mutual Fund Investing Decisions

Endarto, Eko Agus (2023) Control of Risk-Taking in Mutual Fund Investing Decisions. Proceedings of the International Conference of Economics, Business, and Entrepreneur (ICEBE 2022). pp. 305-314. ISSN 2352-5428

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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.

Item Type:	Article
Creators:	Endarto, Eko Agus
Contributors:
Keywords:	Risk-taking behavior · Mutual fund · Behavioral finance
Subjects:	300 Social Sciences > 330 Economics 300 Social Sciences > 330 Economics > 336 Public Finance
Sustainable Development Goals:	Goal 10 Reduce inequality within and among countries Goal 12. Ensure sustainable consumption and production patterns Goal 08. Promote sustained, inclusive and sustainable economic growth, full and productive employment and work for all
Divisions:	Faculty of Business > Management
Date Deposited:	23 Oct 2025 06:45
URI:	https://kc.umn.ac.id/id/eprint/41993

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