| dc.description.abstract | The study examined the influence of investment decision behavior on individual Islamic
investors in the real and financial sectors because there are few studies on Muslim groups
who invest in the real and financial sectors. Most of the research on investment decisions
focuses on the capital market. This research tests psychological theories: heuristics
prospects, market, and herding effect. The methodology used in this study is the structural
equation method and uses primary data of 303 Islamic investors in East Kalimantan
Province. The results show Individual Islamic investors' investment decision behavior in
the real and financial sectors was significantly influenced by heuristics, prospects, and
market factors. In contrast, the herding had no significant influence on Individual Islamic
investors' investment decision behavior in the real and financial sectors. The theory of
heuristic, prospect, and market factor can describe the behavior of individual Muslim
investors in making investment decisions in the real and financial sectors in East
Kalimantan Province, where this behavioral theory research is widely conducted in
financial markets. In contrast, the herding theory cannot describe individual Muslim
investors' behavior in making investment decisions in the real and financial sectors in
East Kalimantan Province | en_US |
