Emotional Intelligence And Behavioral Bias On Stock Trading Decisions In Robo Advisor Moderation In The Millennial Generation
Main Article Content
Abstract
Research aim : To understand the investment behavior of the millennial generation in the Indonesian stock market with a focus on the relationship between Emotional Intelligence (EI), behavioral bias, and stock trading decisions.
Design/Methode/Approach : Using a quantitative descriptive approach with Partial Least Squares Structural Equation Modeling (PLS-SEM) method. Data was collected through an online survey targeting 100 millennials.
Research Finding : Emotional Intelligence and Behavioral Bias positively influence Stock Trading Decisions. Robo Advisor also has a positive impact.
Theoretical contribution/Originality : This research presents a new contribution by delving into the complex interaction between EI, behavioral bias, and the moderating impact of Robo Advisor on stock trading decisions for the millennial generation.
Practitionel/Policy implication : Practical recommendations are provided for market players, robo advisors, and millennials. Policy implications relate to understanding and implementing adaptive investment solutions
Research limitation : Sample limitations, external factors, and advantages/disadvantages of the PLS-SEM method
Article Details
References
Budiati I, Susianto Y, Adi WP, Ayuni S, Reagan HA, Larasaty P, et al. Profil Generasi Milenial Indonesia 2018:1–153.
Bucciol A, Guerrero F, Papadovasilaki D. Financial risk-taking and trait emotional intelligence. Rev Behav Financ 2020;13:259–75. https://doi.org/10.1108/RBF-01-2020-0013.
Bhatia A, Chandani A, Chhateja J. Robo advisory and its potential in addressing the behavioral biases of investors — A qualitative study in Indian context. J Behav Exp Financ 2020;25:100281. https://doi.org/10.1016/j.jbef.2020.100281.
Rahman M, Gan SS. Generation Y investment decision: an analysis using behavioural factors. Manag Financ 2020;46:1023–41. https://doi.org/10.1108/MF-10-2018-0534.
Mittal SK. Behavior biases and investment decision: theoretical and research framework. Qual Res Financ Mark 2022;14:213–28. https://doi.org/10.1108/QRFM-09-2017-0085.
Hidayati LN. Pengaruh Harga, Kepercayaan, Keamanan, dan Presepsi Akan Risiko Terhadap Keputusan Pembelian Sepatu Nike Melalui Instagram. J Ilmu Dan Ris Manaj 2018;7:1–21.