Factors Affecting Socially Responsible Investment Intentions Investors in Surabaya

Abstract

Socially responsible investment (SRI) is an investment that considers financial goals and non-financial goals such as social, ethical, and environmental-related matters. This study aims to examine the factors that influence SRI intentions on 113 investors in Surabaya using the theory of reasoned action (TRA), attitude and subjective norms, and three additional variables, namely moral norms, financial literacy, and returns. The research data was obtained from distributing questionnaires through Google Forms. Data processing is carried out using Partial Least Square's method with the SmartPLS application. The study results found that all study's independent variables had a significant positive effect on SRI intentions.

Analysis of the Effect of Lunar Cycle on Liquid 45 (Lq45) Stocks on the Indonesia Stock Exchange (Idx) for the Period 2005-2020

“…Investment decisions are influenced by financial behavior (Geraldine & Ottemoesoe, 2022;Basana and Tarigan, 2021). Principles and theories explaining financial behavior in investing are described in dow theory and financial astrology.…”

“…Huston and Passerello (1971) examined the effect of the moon phase on the emotional stage of humans. It can conclude that the full moon makes humans feel more depressed and emotional (Geraldine & Ottemoesoe, 2022). Dewey (1971) states that the death rate increases during a full moon, while humans tend to be more quiet, analytical, and contemplative.…”

“…So, to get a profit, a strategy is needed in making investment decisions (Susanto & Malelak, 2021). In the investment world, there are two strategies, namely fundamental and technical (Geraldine & Ottemoesoe, 2022). Fundamental focus on macro and microeconomics, while technical analysis focuses on the history of past prices.…”

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“…This disclosure was also conveyed in the same study by Sari (2014), namely CSR disclosure in the company's sustainability report, namely case studies of coal and tin mining companies that have reported according to GRI standards. The company have a responsible for a society and sustainable business (Geraldine & Ottemoesoe, 2022).…”

“…In the face of dynamic environmental changes, a corporation must be ready and able to compete to maintain a sustainable business (Francisca & Malelak, 2020). Corporations' profits must be able to account for their financial performance in a transparent manner (Geraldine & Ottemoesoe, 2022). In addition to profit, the company is responsible for social and environmental concerns.…”