Open AccessTHE INFLUENCE OF INFORMATION ON TRADING BEHAVIOR WITH PERSONALITY TRAITS AS MODERATION VARIABLE FOR STOCK TRADERS
Author(s) -
Ronaldo Susanto,
Mariana Ing Malelak
Publication year - 2021
Publication title -
international journal of financial and investment studies
Language(s) - English
Resource type - Journals
ISSN - 2745-3952
DOI - 10.9744/ijfis.2.1.34-41
Subject(s) - conscientiousness , moderation , agreeableness , big five personality traits , extraversion and introversion , openness to experience , personality , population , business , neuroticism , stock trading , psychology , social psychology , stock market , demography , paleontology , horse , sociology , biology
The development of investment in Indonesia has increased rapidly over the past few years. One of the key factors affecting stock traders' trading behavior is information. Information that was previously difficult to obtain by investors became easily obtained due to technological developments. In addition to information, the characteristics of traders also influence their trading behavior. The population used in this study is the entire citizen of Surabaya, and the sample of this study is stock traders who have a minimum of 1-year trading experience. Data analysis is done by using Partial Least Square with Smart PLS 3.0. The result of this study is that information has a significant effect on trading behavior, while neuroticism, extraversion, openness, agreeableness, and conscientiousness do not moderate the effect of information on trading behavior significantly.