Could the Theory of Planned Behaviour Explain Market Discipline in Sharia Mutual Funds?

A significant number of studies have explored market discipline as indicated by investors or customers being sensitive toward the excessive risks taken banks. Yet no scholars sought to review this topic from behavioural finance perspective. This study defines withdrawal behaviour, captured here using theory planned behaviour (TPB) one theories. aims determine psychological and social factors influencing a perspective, employing TPB. study’s sample comprised 93 academicians who invested in Sharia mutual funds Greater Jakarta, Indonesia. The results show that intention withdraw perceived control (PBC) are able predict discipline, while is determined subjective norms PBC. Attitudes towards shown be insignificant explaining funds.