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Self-control and grit: study on investors in the capital market

Yıl 2023, Cilt: 4 Sayı: 1, 1 - 6, 30.03.2023

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

Proje Numarası

1

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

Öz

Proje Numarası

1

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.
Toplam 24 adet kaynakça vardır.

Ayrıntılar

Birincil Dil İngilizce
Konular Uygulamalı ve Gelişimsel Psikoloji
Bölüm Social Psychology
Yazarlar

Aryudho Widyatno 0000-0001-9730-0680

Anna Rosita Bu kişi benim

Agung Minto Wahyu

Proje Numarası 1
Yayımlanma Tarihi 30 Mart 2023
Yayımlandığı Sayı Yıl 2023 Cilt: 4 Sayı: 1

Kaynak Göster

APA Widyatno, A., Rosita, A., & Wahyu, A. M. (2023). Self-control and grit: study on investors in the capital market. Psychology Research on Education and Social Sciences, 4(1), 1-6.