Self-control and grit: study on investors in the capital market
Yıl 2023,
Cilt: 4 Sayı: 1, 1 - 6, 30.03.2023
Aryudho Widyatno
,
Anna Rosita
Agung Minto Wahyu
Öz
The COVID-19 pandemic has impacted various sectors, especially the economy. Investment in the capital market can be a solution, but it takes perseverance and hard work to get consistent profits in the capital market. This study aims to determine the effect of self-control on grit in the capital market. This study uses a purposive sampling method with a sample of 190 individuals who have made transactions during the last six months in the beginner Stock Investor Community (ISP) Malang using a grit scale (Duckworth, 2007) and a shortened version of the short self-control scale (Tangney, 2004). The results of hypothesis testing indicate that the hypothesis is accepted, which means that self-control can affect the grit of investors in the Indonesian capital market. Finding variables with a more significant impact on grit research needs to be continuously investigated.
Destekleyen Kurum
Investor Stock Community (ISP) Malang
Teşekkür
The author would like to acknowledge beginner the Investor Stock Community (ISP) Malang for directly participating in this research.
Kaynakça
- Bazley, William and Jannati, Sima and Korniotis, George M., Grit, Preferences, and Investor Behavior (January 28, 2022). Available at SSRN: https://ssrn.com/abstract=3866704 or http://dx.doi.org/10.2139/ssrn.3866704
- Berkman, E. T., Hutcherson, C. A., Livingston, J. L., Kahn, L. E., & Inzlicht, M. (2017). Self-Control as Value-Based Choice. Current Directions in Psychological Science, 26(5), 422–428. https://doi.org/10.1177/0963721417704394
- Bhowmik, R., & Wang, S. (2020). Stock Market Volatility and Return Analysis: A Systematic Literature Review. Entropy, 22(5), 522. https://doi.org/10.3390/e22050522
- Brislin, R. W. (1970). Back-Translation for Cross-Cultural Research. Journal of Cross-Cultural Psychology, 1(3), 185–216.
- Duckworth, A. L., Taxer, J. L., Eskreis-Winkler, L., Galla, B. M., & Gross, J. J. (2019). Self-Control and Academic Achievement. Annual Review of Psychology, 70(1), 373–399. https://doi.org/10.1146/annurev-psych-010418-103230
- Fannin, L. D., Singels, E., Esler, K. J., & Dominy, N. J. (2021). Grit and Consequence. Evolutionary Anthropology: Issues, News, and Reviews, 30(6), 375–384. https://doi.org/10.1002/evan.21927
- Fishbach, A., & Woolley, K. (2018). Combatting temptation to promote health and well-being. In D. de Ridder, M. Adriaanse, & K. Fujita (Eds.), Routledge international handbook of self-control in health and well-being (pp. 167–179). New York, NY: Routledge.
- Hincapié-Salazar, J., & Agudelo, D. A. (2020). Is the disposition effect in bonds as strong as in stocks? Evidence from an emerging market. Global Finance Journal, 46, 100508.
- Jordan, S. L., Wihler, A., Hochwarter, W. A., & Ferris, G. R. (2019). The Roles of Grit in Human Resources Theory and Research. Research in Personnel and Human Resources Management (hal. 53–88). Emerald Publishing Limited. https://doi.org/10.1108/S0742-730120190000037003
- Li, H., Wang, T., Cao, Y., Song, L., Hou, Y., & Wang, Y. (2022). Culture, Thinking Styles and Investment Decision. Psychological Reports, 125(3), 1528–1555. https://doi.org/10.1177/0033294121997778
- Marentes-Castillo, M., Castillo, I., Tomás, I., Zamarripa, J., & Alvarez, O. (2022). Understanding the antecedents of healthy and unhealthy weight control behaviors: Grit, motivation, and self-control. Public Health Nutrition, 25(6), 1483-1491.
- Meilianna, R., & Purba, Y. A. (2020). Dampak Pandemi Covid-19 Terhadap Phk Dan Pendapatan Pekerja Di Indonesia ( the Impact of Covid-19 on Worker Layoffs and Income in Indonesia ). Jurnal Kependudukan
Indonesia, Edisi Khusus Demografi dan COVID-19, 2902, 43–48.
- OJK. (2020). Laporan Triwulan I-2020.
- Oriol, X., Miranda, R., Oyanedel, J. C., & Torres, J. (2017). The role of self-control and grit in domains of school success in students of primary and secondary school. Frontiers in Psychology, 8, 1716.
- Sriram, R., Glanzer, P. L., & Allen, C. C. (2018). What contributes to self-control and grit?: The critical factors in college students. Journal of College Student Development, 59(3), 259-273.
- Strömbäck, C., Lind, T., Skagerlund, K., Västfjäll, D., & Tinghög, G. (2017). Does Self-control Predict Financial Behavior and Financial Well-being? Journal of Behavioral and Experimental Finance, 14, 30–38. https://doi.org/10.1016/j.jbef.2017.04.002
- Supreet, K. & Pria, S. (2019). Compulsive Buying Behaviour in relation to Self Control and Generalized Self Efficacy among Young Professionals. International Journal of Research in Social Sciences, Volume : 8, Issue : 3.
- Tangney, J. P., Boone, A. L., & Baumeister, R. F. (2018). High Self-control Predicts Good Adjustment, Less Pathology, Better Grades, and Interpersonal Success. In Self-regulation and Self-control (hal. 173–212). Routledge.
- Taylor, I. M., Boat, R. & Murphy, S. L. (2018). Integrating theories of self-control and motivation to advance endurance performance. https://doi.org/10.1080/1750984X.2018.1480050
- Tuwu, D. (2020). Kebijakan Pemerintah Dalam Penanganan Pandemi Covid-19. Journal Publicuho, 3(2), 267. https://doi.org/10.35817/jpu.v3i2.12535
- Tedesqui, R. A., & Young, B. W. (2018). Comparing the contribution of conscientiousness, self-control, and grit to key criteria of sport expertise development. Psychology of Sport and Exercise, 34, 110-118.
- Wahyu, A. M., & Sa’id, M. (2020). Produktivitas selama Work From Home: Sebuah Analisis Psikologi Sosial. Jurnal Kependudukan Indonesia, Edisi Khus, 53–60. https://doi.org/10.14203/jki.v0i0.570
- Willems, Y. E., Boesen, N., Li, J., Finkenauer, C., & Bartels, M. (2019). The
heritability of self-control: A meta-analysis. Neuroscience & Biobehavioral Reviews, 100, 324-334.
- Zahera, S. A., & Bansal, R. (2019). A study of prominence for disposition effect: a systematic review. Qualitative Research in Financial Markets.
Yıl 2023,
Cilt: 4 Sayı: 1, 1 - 6, 30.03.2023
Aryudho Widyatno
,
Anna Rosita
Agung Minto Wahyu
Kaynakça
- Bazley, William and Jannati, Sima and Korniotis, George M., Grit, Preferences, and Investor Behavior (January 28, 2022). Available at SSRN: https://ssrn.com/abstract=3866704 or http://dx.doi.org/10.2139/ssrn.3866704
- Berkman, E. T., Hutcherson, C. A., Livingston, J. L., Kahn, L. E., & Inzlicht, M. (2017). Self-Control as Value-Based Choice. Current Directions in Psychological Science, 26(5), 422–428. https://doi.org/10.1177/0963721417704394
- Bhowmik, R., & Wang, S. (2020). Stock Market Volatility and Return Analysis: A Systematic Literature Review. Entropy, 22(5), 522. https://doi.org/10.3390/e22050522
- Brislin, R. W. (1970). Back-Translation for Cross-Cultural Research. Journal of Cross-Cultural Psychology, 1(3), 185–216.
- Duckworth, A. L., Taxer, J. L., Eskreis-Winkler, L., Galla, B. M., & Gross, J. J. (2019). Self-Control and Academic Achievement. Annual Review of Psychology, 70(1), 373–399. https://doi.org/10.1146/annurev-psych-010418-103230
- Fannin, L. D., Singels, E., Esler, K. J., & Dominy, N. J. (2021). Grit and Consequence. Evolutionary Anthropology: Issues, News, and Reviews, 30(6), 375–384. https://doi.org/10.1002/evan.21927
- Fishbach, A., & Woolley, K. (2018). Combatting temptation to promote health and well-being. In D. de Ridder, M. Adriaanse, & K. Fujita (Eds.), Routledge international handbook of self-control in health and well-being (pp. 167–179). New York, NY: Routledge.
- Hincapié-Salazar, J., & Agudelo, D. A. (2020). Is the disposition effect in bonds as strong as in stocks? Evidence from an emerging market. Global Finance Journal, 46, 100508.
- Jordan, S. L., Wihler, A., Hochwarter, W. A., & Ferris, G. R. (2019). The Roles of Grit in Human Resources Theory and Research. Research in Personnel and Human Resources Management (hal. 53–88). Emerald Publishing Limited. https://doi.org/10.1108/S0742-730120190000037003
- Li, H., Wang, T., Cao, Y., Song, L., Hou, Y., & Wang, Y. (2022). Culture, Thinking Styles and Investment Decision. Psychological Reports, 125(3), 1528–1555. https://doi.org/10.1177/0033294121997778
- Marentes-Castillo, M., Castillo, I., Tomás, I., Zamarripa, J., & Alvarez, O. (2022). Understanding the antecedents of healthy and unhealthy weight control behaviors: Grit, motivation, and self-control. Public Health Nutrition, 25(6), 1483-1491.
- Meilianna, R., & Purba, Y. A. (2020). Dampak Pandemi Covid-19 Terhadap Phk Dan Pendapatan Pekerja Di Indonesia ( the Impact of Covid-19 on Worker Layoffs and Income in Indonesia ). Jurnal Kependudukan
Indonesia, Edisi Khusus Demografi dan COVID-19, 2902, 43–48.
- OJK. (2020). Laporan Triwulan I-2020.
- Oriol, X., Miranda, R., Oyanedel, J. C., & Torres, J. (2017). The role of self-control and grit in domains of school success in students of primary and secondary school. Frontiers in Psychology, 8, 1716.
- Sriram, R., Glanzer, P. L., & Allen, C. C. (2018). What contributes to self-control and grit?: The critical factors in college students. Journal of College Student Development, 59(3), 259-273.
- Strömbäck, C., Lind, T., Skagerlund, K., Västfjäll, D., & Tinghög, G. (2017). Does Self-control Predict Financial Behavior and Financial Well-being? Journal of Behavioral and Experimental Finance, 14, 30–38. https://doi.org/10.1016/j.jbef.2017.04.002
- Supreet, K. & Pria, S. (2019). Compulsive Buying Behaviour in relation to Self Control and Generalized Self Efficacy among Young Professionals. International Journal of Research in Social Sciences, Volume : 8, Issue : 3.
- Tangney, J. P., Boone, A. L., & Baumeister, R. F. (2018). High Self-control Predicts Good Adjustment, Less Pathology, Better Grades, and Interpersonal Success. In Self-regulation and Self-control (hal. 173–212). Routledge.
- Taylor, I. M., Boat, R. & Murphy, S. L. (2018). Integrating theories of self-control and motivation to advance endurance performance. https://doi.org/10.1080/1750984X.2018.1480050
- Tuwu, D. (2020). Kebijakan Pemerintah Dalam Penanganan Pandemi Covid-19. Journal Publicuho, 3(2), 267. https://doi.org/10.35817/jpu.v3i2.12535
- Tedesqui, R. A., & Young, B. W. (2018). Comparing the contribution of conscientiousness, self-control, and grit to key criteria of sport expertise development. Psychology of Sport and Exercise, 34, 110-118.
- Wahyu, A. M., & Sa’id, M. (2020). Produktivitas selama Work From Home: Sebuah Analisis Psikologi Sosial. Jurnal Kependudukan Indonesia, Edisi Khus, 53–60. https://doi.org/10.14203/jki.v0i0.570
- Willems, Y. E., Boesen, N., Li, J., Finkenauer, C., & Bartels, M. (2019). The
heritability of self-control: A meta-analysis. Neuroscience & Biobehavioral Reviews, 100, 324-334.
- Zahera, S. A., & Bansal, R. (2019). A study of prominence for disposition effect: a systematic review. Qualitative Research in Financial Markets.