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Investment Decision Quality Improvement Model in the Context of Behavioural Finance

Year: 2024

Type: article

Abstract: This study aims to identify themes, trends, and networks in the mechanisms that shape the quality of investment decisions in the context of behavioural finance using bibliometric. The results show that good financial literacy can reduce the negative influence of cognitive biases such as heuristics, framing effects, and herd mentality in investment decision-making. In addition, improved financial literacy also plays a role in moderating the effects of behavioural biases on investment decisions, resulting in more rational and profitable decisions. Therefore, financial literacy is an effective strategy to improve the quality of investment decisions by reducing the impact of cognitive biases.

Source: JURNAL BISNIS STRATEGI

DOI: 10.14710/jbs.33.2.108-123

Authors: Erika Kurniasari, Axel Giovanni, Ika Amalia Nurunnisa, Maulida Eka Fitriani, Nurul Afisa Fajrin, Putri Zahra Nizhaty

Institution: Universitas Tidar

Language: English

Topic: Financial Literacy and Behavior

Subfield: Accounting

Field: Business, Management and Accounting

Domain: Social Sciences

Open Access status: diamond

OpenAlex ID: W4407052483

FWCI:

Cites: 11

Cited by:

Related to: 10