CHANGES IN INVESTORS RISK-TAKING BEHAVIOR DURING INDONESIAN ECONOMIC RECESSION DUE TO THE COVID-19 IN 2020

This research discusses changes in investor risk-taking behavior in Indonesia during the Covid-19. Investor risk-taking behavior consists of three criteria, these are return expectation, risk tolerance and risk perception. Factors that can influence investor risk-taking behavior are economic recession and investor characteristics during this pandemic. This research uses the object of investors in Indonesia. The results show that the Covid-19 causes changes in investor risk-taking behavior which includes return expectations and risk tolerance to decrease and risk perception to increase. Characteristics of Indonesian investors in general have no effect on investor risk-taking behavior because investors are members of investment communities, money markets and capital markets. Communities influence informed decision making because of the exchange of information