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

Abstract

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.