The Financial Behavior of Investors Using Discriminant Analysis Approach

Meliza, Juli; Sadalia, Isfenti; Fachrudin, Khaira Amalia

doi:10.24123/jmb.v12i2.20

Cited by 4 publications

(6 citation statements)

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“…37 The fact that digital currency only exists in cyberspace precludes it from being utilized as payment for physical goods and services. 38,39 Money (also referred to as the "money supply") is anything that is created and commonly accepted as payment for goods or debt repayment. 40 Economists describe money as the frequently accepted (or generally accepted) medium of exchange.…”

Section: Methodsmentioning

confidence: 99%

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Islamic legal perspectives on digital currencies and how they apply to Jordanian legislation

Albalawee,

Al Fahoum

2023

F1000Res

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Background: The industrial transformation requires a speedy shift to financial digitization. One of the needs for financial digitalization in the study of Islamic contracts and Islamic business law is the use of digital platforms with digital currencies. Regarding the merits and downsides of its Sharia restrictions and its halal certification, which is currently under discussion, digital currencies and perks have generated controversy in Jordan and other Islamic countries. Methods: This study intends to analyze the legal foundations of digital currency from Jordanian and Islamic legal perspectives. The descriptive-qualitative research approach was utilized, and data collection processes included documentation and a literature review. All legal possibilities that may be drawn from Islamic law in order to investigate the legality of digital currencies are explored further and used to obtain the conclusions of this study. Results: A review of Sharia reasons and consideration for the wellbeing of the people suggests that digital currencies in their current form are incompatible with it and must adhere to the stipulations of Islamic finance. Therefore, digital currencies are unsuitable as a store of value or wealth due to their erratic swings, lack of purchasing power, and instant responsiveness to any technical problem, technical penetration, or official circumstance. Due to market instability, digital currencies can't be utilized to defer payments, settle debts, or repay loans. Conclusions: Digital currencies are speculative; not real money. Most of those who have this money are speculators seeking a quick payoff. Sharia views digital currency trading as gambling due to its high degree of volatility. Jordan's government should regulate digital currency use to meet demand. Digital currencies must be addressed under e-commerce laws.

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Section: Methodsmentioning

confidence: 99%

“…As a result, they are unfit for use as a store of value or wealth. 38,39 Therefore, researchers have found that digital currencies are not the same as conventional money and cannot even replace it. This is because of the aforementioned significant variances.…”

Section: Methodsmentioning

confidence: 99%

Islamic legal perspectives on digital currencies and how they apply to Jordanian legislation

Albalawee,

Al Fahoum

2023

F1000Res

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“…Questions for depth interviews were modified from Isa et al [13] that is about general opinion on green office building investment, return from green office building investment, and reason for willingness to invest in green office building. The question of behavioral factors influencing investors' decisions making refers to the research of Lowies, Hall, and Cloete [6] and Meliza, Sadalia, and Fachrudin [5].…”

Section: Methodsmentioning

confidence: 99%

“…Investors who invest in financial assets can be influenced by behavioral factors, such as heuristic, prospects, and market [5]. Investors who invest in conventional property can also be influenced by heuristic factors [6].…”

Section: Behavioral Factorsmentioning

confidence: 99%

Considerations of Sustainable Property Investments in Indonesia

Fachrudin¹,

Fachrudin²,

Siahaan³

2019

OJBM

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Sustainable property is a property that takes into account the sustainability of future generations. This property investment is more expensive than conventional property, but in the long run it can provide a good return. The purpose of this study is to determine the considerations of sustainable property investments. Depth interviews were conducted on national developers who developed sustainable properties and those who did not, consultants, and developer associations. This research type is a qualitative descriptive study. The results of this study show that the investments of sustainable properties are carried out because of self motivations, humanism reasons, and market demands. Civil society like healthy property and willing to pay more because that property will give return enhancement. Bias in investment decision making is not found here because the investment costs are very expensive so the analysis is done very exactly.

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“…Pada FL menjadi variabel moderasi. FL diukur dengan menggunakan pernyataan yang di adopasi dari [15] yaitu berjumlah 6 pernyataan, sedangkan variabel HD merupakan, pengukuran variabel [16] yaitu berjumlah 6 pernyataan. Pengukuran pada masing-masing variabel dillakukan dengan model pernyataan tertutup dengan menggunakan kuesioner berskala Likert 1 sampai 5.…”

Section: Metode Penelitianunclassified

Moderasi Hubungan Financial Literacy dengan Keputusan Investasi terhadap Peran Herding Behavior bagi Investor Pemula

Saputra

Natassia

Utami

2022

INFEB

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The role of herding behavior (HD) is very much needed in moderation to support Investment Decisions (IC) for novice investors. This study aims to measure the size of Financial Literacy (FL) in making the right decisions. The data processed in this study are 158 novice investor respondents who invest in stock-type securities in Indonesia. The sampling method was carried out randomly (probability sampling) which was collected through the Google form. The data analysis method used is to answer the truth of the hypothesis using the help of the Structural Equation Model (SEM). The results of hypothesis testing found that FL had a positive and significant effect on KI and HD. The magnitude of the influence value is less than 0.05. The same test model for HD also has a positive effect on KI with a value smaller than 0.05. The test value of this effect on HD is not a direct effect, with a coefficient value of -0.039 which is smaller than 0.05. The conclusion of this study is that HD does not moderate the relationship between FL and KI for novice investors who invest in stock-type securities in Indonesia. So that this research can be used as a reference in making decisions for novice investors.

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The Financial Behavior of Investors Using Discriminant Analysis Approach

Cited by 4 publications

References 0 publications

Islamic legal perspectives on digital currencies and how they apply to Jordanian legislation

Islamic legal perspectives on digital currencies and how they apply to Jordanian legislation

Considerations of Sustainable Property Investments in Indonesia

Moderasi Hubungan Financial Literacy dengan Keputusan Investasi terhadap Peran Herding Behavior bagi Investor Pemula

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