The Impact of Cognitive Biases on The Investment Decision of Individual Investors: The Role of Risk Propensity

This study investigates the impact of cognitive biases on individual investors' investment decisions using the mediation role of risk propensity. Data was collected from 320 investors with a minimum of one year of experience and over a 90-day time frame. A self-administered questionnaire was used, and statistical analysis was performed using smart PLS and SPSS. The results showed that cognitive biases have a positive impact on individual investment decisions, with an indirect effect supporting the meditation model between cognitive biases and investment decisions. The indirect effect of risk propensity also positively influences cognitive biases and investment decisions. This study contributes to the mediating role of risk propensity and validates it from an individual perspective, allowing for better understanding of the relationship between cognitive biases and investment decisions. The outcomes and implications of this research are relevant for behavioral finance-related research and can help individual investors, financial institutions, and governments better understand the role of investors' behavior in the stock market

The Impact of Social Media on The Success of Crowdfunding in Developing Countries

The use of online communities to garner monetary support for charitable organisations, cultural endeavours, innovative products, and business ideas is quickly becoming more widespread. However, empirical research on the main dynamics of crowdfunding is limited. To increase the number of funds for crowdfunding campaigns, it is crucial to promote and publicise them on social media platforms. This study investigates the impact of communication and connectivity on crowdfunding success. Despite the recent study that has been conducted on crowdfunding, there is still a knowledge vacuum on the aspects that contribute to the success of crowdfunding models. The research framework that was built as part of this study offers an in-depth analysis of the donation-based crowdfunding model as well as the aspects that contribute to its success. This study also provides guidance for fundraisers and policymakers to consider success factors when creating their funding comparing