The Impact of Cognitive Factors on Individuals’ Financial Decisions

Marhanum Che Mohd Salleh, - and Mohammad Abdul Matin Chowdhury, - and Ahmad Fawwaz Bin Mohd Nasarudina, - and Ririn Tri Ratnasari, - (2020) The Impact of Cognitive Factors on Individuals’ Financial Decisions. Management and Accounting Review, 19 (3). pp. 69-88. ISSN 2600-7975, eISSN: 2550-1895

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Abstract

Objectives - The objective of this paper is to examine the effect of cognitive factors which are financial planning, herding behaviour and financial knowledge towards individual financial decision. Methodology- This research adopts quantitative methodology for data collection as well as data analysis. Multiple regression analysis is used to examine the effect of cognitive factors towards dependent variable. Analysis Findings- Results indicate that only two cognitive variables which are financial planning and financial knowledge have significant effect toward financial decision. Herding behaviour is found to insignificantly effect the individual financial decision process. Contribution- Results of this research would be significance to proof that other than external factors, internal factors which are cognitive elements are crucial to influence the individual financial decision

Item Type: Article
Uncontrolled Keywords: Financial planning, herding behaviour, financial knowledge, financial decision, cognitive factor
Subjects: H Social Sciences
H Social Sciences > HG Finance
Divisions: 04. Fakultas Ekonomi dan Bisnis > Ekonomi Syariah
Creators:
CreatorsNIM
Marhanum Che Mohd Salleh, -UNSPECIFIED
Mohammad Abdul Matin Chowdhury, -UNSPECIFIED
Ahmad Fawwaz Bin Mohd Nasarudina, -UNSPECIFIED
Ririn Tri Ratnasari, -NIDN0026117504
Depositing User: Tn Sugeng Riyanto
Date Deposited: 22 Feb 2022 01:41
Last Modified: 22 Feb 2022 01:41
URI: http://repository.unair.ac.id/id/eprint/113672
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