Revealing the Meaning of Indonesian Cryptocurrency Investment Decisions Based on Mental Accounting: A Phenomenological Study
DOI:
https://doi.org/10.18196/jati.v6i1.18042Keywords:
Cryptocurrency, Investment, Mental Accounting, Phenomenology, Prospect Theory.Abstract
Mental accounting is in the form of a series of cognitive operations used by individuals to code, categorize and evaluate their financial activities which is a development of prospect theory, where each individual has a tendency to classify money into certain groups according to a criterion. From this background, the researcher has the main objective of this study, which is to find out the meaning of mental accounting for the investment decisions of Indonesian cryptocurrency investors. Mental accounting may have some kind of meaning on investment decisions, especially cryptocurrencies, so this study aims to find out what leads to mental accounting in Indonesian cryptocurrency investors. This research method uses a qualitative phenomenological approach with in-depth interview primary data. The results show that the application of mental accounting helps investor in managing portfolios and finances, but anomalies in mental accounting and prospect theory can make investors make high-risk investment decisions and are prone to causing losses.References
Alawiah, E. T., Sefrika, & M. H. Siregar. (2019). “Sistem Pendukung Keputusan Pemilihan Instrumen Investasi Bagi Individu Dengan Metode Topsis.” Indonesian Journal on Computer and Information Technology, 5(1), 8-13.
Albaddawi, E. A. I. (2022). “The Negative Effects of Mental Accounting on the Decision-Making Process.” World Bulletin of Management and Law (WBML), 10(1), 87-94.
Aripin, A. A. (2018). Potensi Pemanfaatan Teknologi Blockchain Terhadap Ketepatan Waktu, Efisiensi dan Keamanan Proses Operasi pada Subsektor Perbankan (Skripsi yang tidak dipublikasikan), Universitas Katolik Parahyangan, Indonesia.
Bahga, Arshdeep, V. K. Madisetti. (2016). “Blockchain Platform for Industrial
Internet of Things.” Journal of Software Engineering and Applications, 1(9), 533-546.
Barakat, Mohamed, Christian Eder, Timo Hanke. (2018). An Introduction to Cryptography: University of Kaiserslautern
Batubara, Juliana. (2017). “Paradigma Penelitian Kualitatif dan Filsafat Ilmu Pengetahuan dalam Konseling.” Jurnal Fokus Konseling, 3(2), 95-107.
Bungin, Burhan. (2021). Penelitian Kualitatif. Jakarta: Kencana.
Dewanti, P.W, Denies Priantinah, Wahyu Astri K., T. R. Subthy, & A. A. Hasan. (2018). “Mental Accounting dalam Proses Pengambilan Keputusan Investasi.” Jurnal Akuntansi Fakultas Ekonomi UST, 6(1), 75-87.
Dewi, I. R. (2022). Daftar Baru Bursa Kripto Terdaftar di Bappebti, Ada Indodax? Retrieved from CNBC Indonesia: https://www.cnbcindonesia.com
Farooq, Aisha, Muhammad Sajid. (2015). “Factors Affecting Investment Decision Making: Evidence from Equity Fund Managers and Individual Investors in Pakistan.” IISTE: E-Journals, 6(9), 135-141.
Hartono, Budi, A. S. D. Purnomo, & M. M. Andhini. (2020). “Perilaku Investor Saham Individu dalam Perspektif Teori Mental Accounts.” Kompetensi, 14(2), 173-183.
Haryana, R. D. T. (2017). “Pengaruh Mental Accounting dan Psychological Factors Terhadap Perilaku Konsumen dalam Penggunaan Kartu Kredit.” Jurnal Penelitian Ekonomi dan Akuntansi STIE Urip Sumoharjo Surabaya, 2(3), 553-571.
Irwan. (2018). “Relevansi Paradigma Positivistik dalam Penelitian Sosiologi Pedesaan.” Jurnal Ilmu Sosial, 17(1), 21-38.
Ismail, A. R. N., Kurnia Noviartati, Syahril, & A. R. Fikri. (2021). “Investasi Digital Sebagai Solusi Mengurangi Perilaku Konsumtif Milenial Masa Pandemi Covid-19.” CAPITAL: Jurnal Ekonomi dan Manajemen, 4(2), 126-136.
Mascareñas, Juan, Fangyuan Yan. (2017). “How People Apply Mental Accounting Philosophy to Investment Risk?.” International Journal of Economics and Financial Issues, 7(3), 145-151.
Miles, M. B., A. M. Huberman. (1994). Qualitative Data Analysis. California: SAGE Publications.
Moleong, L. J. (2016). Metodologi Penelitian Kualitatif. Bandung:PT Remaja Rosdakarya.
Novandalina, Arini, F. Y. Ernawati, A. T. Adriyanto. (2022). “Risk Attitudes, Mental Accounting and Overconfidence in Investment Placement Decision During and Post Covid-19.” International Journal of Economics, Business and Accounting Research (IJEBAR), 6(1), 282-290.
Nugrahanti, Y. W. (2017). “Membingkai Penelitian Akuntansi Keuangan dalam Bingkai Interpretif Fenomenologi dengan Konteks Budaya dan Kearifan Lokal Indonesia.” Simposium Nasional Akuntansi XX.
Purwanti, Teti. (2022). Bappebti: 383 Aset Kripto Bisa Diperdagangkan di Pasar Fisik Retrieved from CNBC Indonesia: https://www.cnbcindonesia.com
Rashwan, A. E. R. M., Khalil, I. S. (2021). “Measuring the Impact of Mental Accounting on Financial and Investment Decisions among Investors.” Arab Journal of Administration, 44(1), 227-243.
Road, E. R. P., M. I. Barandagh, & M. Hasanzadeh. (2013). “Examining the Impact of Mental Accounting on the Investment Decisions in the Tehran Stock Exchange.” International Journal of Accounting Research, 1(5), 6-10.
Rospitadewi, Elen, Sujoko Efferin. (2017). “Mental Accounting dan Ilusi Kebahagiaan: Memahami Pikiran dan Implikasinya Bagi Akuntansi.” Jurnal Akuntansi Multiparadigma JAMAL, 8(1), 18-34.
Sakir, A. (2018). Studi Fenomenologi Pada Investor Saham Di Banda Aceh (Skripsi yang tidak dipublikasikan), Universitas Syiah Kuala, Indonesia.
Santi, Fitri, N. V. Sahara, Kamaludin. (2019). “The Effect of Mental Accounting on Student’s Investment Decisions: A Study at Investment Gallery (GI) FEB University of Bengkulu and Syariah Investment Gallery (GIS) FEB IAIN Bengkulu.” Jurnal Ilmiah Ekonomi Bisnis, 24(2), 137-152.
Sari, R. C. (2018). Akuntansi Keperilakuan. Mental Accounting, 3, 37-51.
Sugiyono. (2010). Memahami Penelitian Kualitatif. Bandung: Alfabeta.
Yusra, Muhammad. (2016). Akuntansi Keperilakuan. Metode Riset Akuntansi Keperilakuan, 4, 48-55.
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2023 Jati: Jurnal Akuntansi Terapan Indonesia
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
Copyright Agreement and License
In order to be accepted and published by Jati: Jurnal Akuntansi Terapan Indonesia, author(s) submitting the article manuscript should complete all the review stages. By submitting the manuscript, the author(s) agreed to the following terms:
The copyright of received articles shall be assigned to Jati: Jurnal Akuntansi Terapan Indonesia as the publisher of the journal. The intended copyright includes the rights to publish articles in various forms (including reprints). Jati: Jurnal Akuntansi Terapan Indonesia maintain the publishing rights to the published articles. Authors are permitted to disseminate published articles by sharing the link/DOI of the article at Jati: Jurnal Akuntansi Terapan Indonesia. Author are allowed to use their articles for any legal purposes deemed necessary without written permission from Jati: Jurnal Akuntansi Terapan Indonesia with an acknowledgment of initial publication to this journal
License
All articles published in Jati: Jurnal Akuntansi Terapan Indonesia are licensed under a Creative Commons Attribution-NonCommercial 4.0 International License (CC-BY-NC).
