THE INFLUENCE OF FINANCIAL LITERACY AND FINANCIAL BEHAVIOR ON INVESTMENT DECISION
DOI:
https://doi.org/10.22441/indikator.v6i2.14001Keywords:
Financial Literacy, Financial Behavior, Investment DecisionAbstract
This research is a quantitative research which aims to determine the effect of financial literacy and financial behavior on investment decisions. The population in this study were active students at Mercu Buana University, Jakarta. The sample is 43 respondents. Non-probability sampling method, purposive sampling. Data collection is done by distributing questionnaires to a predetermined sample via google form. The data analysis technique used the PLS (Partial Least Square) analysis method with SmartPLS 3.0 software. The results of this study indicate that: (1) Financial literacy has an influence on investment decisions with a path coefficient value of 0.338 (2) Financial behavior has an influence on investment decisions with a path coefficient value of 0.509.References
Arianti, B. F. (2018). The influence of financial literacy, financial behavior and income on investment decision. EAJ (Economic and Accounting Journal), 1(1), 1-10.
Fitriarianti, B. (2018, February). Pengaruh literasi keuangan, perilaku keuangan dan pendapatan terhadap keputusan berinvestasi. In Proseding Seminar Nasional Akuntansi (Vol. 1, No. 1).
Fridana, I. O., & Asandimitra, N. (2020). Analisis Faktor Yang Memengaruhi Keputusan Investasi (Studi Pada Mahasiswi Di Surabaya). Jurnal Muara Ilmu Ekonomi Dan Bisnis, 4(2), 396-405.
Ghozali, Imam. 2014. Structural Equation Modeling, Metode Alternatif dengan Partial Least Square (PLS). Edisi 4. Semarang : Badan Penerbit Universitas Diponegoro.
Khairunizam., & Isbanah, Y. (2019). Pengaruh Financial Literacy Dan Behavioral Finance Factors Terhadap Keputusan Investasi (Studi Terhadap Investor Saham Syariah Pada Galeri Investasi Syariah Uin Sunan Ampel Surabaya). Jurnal Ilmu Manajemen (JIM), 7(2).
Kumala, A. N., & Susanti. (2019). Pengaruh Pembelajaran Manajemen Keuangan, Literasi Keuangan, dan Risk Finance Terhadap Perilaku Berinvestasi Mahasiswa Fakultas Ekonomi Universitas Negeri Surabaya. Jurnal Pendidikan Akuntansi. Vol 07, No. 02, 07(02), 197–203
Kumari, D. T. (2020). The Impact of Financial Literacy on Investment Decisions: With Special Reference to Undergraduates in Western Province, Sri Lanka. Asian Journal of Contemporary Education, 4(2), 110-126.
Landang, R. D., Widnyana, I. W., & Sukadana, I. W. (2021). Pengaruh Literasi Keuangan, Perilaku Keuangan Dan Pendapatan Terhadap Keputusan Berinvestasi Mahasiswa Fakultas Ekonomi Universitas Mahasaraswati Denpasar. EMAS, 2(2), 51-70.
OJK. (2017). Strategi Nasional Literasi Keuangan Indonesia (Revisit 2017). Otoritas Jasa Keuangan, 1–99.
Putri, L. P. (2021, August). Pengaruh Literasi Keuangan Terhadap Keputusan Investasi Melalui Perilaku Keuangan Sebagai Variabel Moderating. In Seminar Nasional Teknologi Edukasi Sosial dan Humaniora (Vol. 1, No. 1, pp. 772-778).
Putri, W. W., & Hamidi, M. (2019). Pengaruh literasi keuangan, efikasi keuangan, dan faktor demografi terhadap pengambilan keputusan investasi (studi kasus pada mahasiswa magister manajemen fakultas ekonomi universitas andalas padang). Jurnal Ilmiah Mahasiswa Ekonomi Manajemen, 4(1), 210-224.
Rahman, A., & Risman, A. (2021). IS BEHAVIOR FINANCE AFFECTED BY INCOME, LEARNING FINANCE AND LIFESTYLE?. The EUrASEANs: journal on global socio-economic dynamics, (4 (29)), 29-40.
Risman, A., Prowanta, E., & Siswanti, I. (2021). BEHAVIORAL CORPORATE FINANCE. PENERBIT KBM INDONESIA Anggota IKAPI.
Safryani, U., Aziz, A., & Triwahyuningtyas, N. (2020). Analisis Literasi Keuangan, Perilaku Keuangan, Dan Pendapatan Terhadap Keputusan Investasi. Jurnal Ilmiah Akuntansi Kesatuan, 8(3), 319-332.
Sukandani, Y., Istikhoroh, S., & Waryanto, R. B. D. (2019). Behavioral Finance Pada Proses Pengambilan Keputusan Investasi. SNHRP, 150-156.
Suryanto. (2017). Pola Perilaku Keuangan Mahasiswa Di Perguruan Tinggi. Jurnal Ilmu Politik Dan Komunikasi, VII(1), 11–20.
Upadana, I. W. Y. A., & Herawati, N. T. (2020). Pengaruh Literasi Keuangan dan Perilaku Keuangan Terhadap Keputusan Investasi Mahasiswa. Jurnal Ilmiah Akuntansi dan Humanika, 10(2), 126-135.
Published
How to Cite
Issue
Section
License
The copyright to this article is transferred to Universitas Mercu Buana (UMB) if and when the article is accepted for publication. The undersigned hereby transfers any and all rights in and to the paper including without limitation all copyrights to UMB. The undersigned hereby represents and warrants that the paper is original and that he/she is the author of the paper, except for material that is clearly identified as to its original source, with permission notices from the copyright owners where required. The undersigned represents that he/she has the power and authority to make and execute this assignment.
We declare that:
1. This paper has not been published in the same form elsewhere.
2. It will not be submitted anywhere else for publication prior to acceptance/rejection by this Journal.
3. A copyright permission is obtained for materials published elsewhere and which require this permission for reproduction.
Furthermore, I/We hereby transfer the unlimited rights of publication of the above mentioned paper in whole to UMB. The copyright transfer covers the exclusive right to reproduce and distribute the article, including reprints, translations, photographic reproductions, microform, electronic form (offline, online) or any other reproductions of similar nature.
The corresponding author signs for and accepts responsibility for releasing this material on behalf of any and all co-authors. This agreement is to be signed by at least one of the authors who have obtained the assent of the co-author(s) where applicable. After submission of this agreement signed by the corresponding author, changes of authorship or in the order of the authors listed will not be accepted.
Retained Rights/Terms and Conditions
1. Authors retain all proprietary rights in any process, procedure, or article of manufacture described in the Work.
2. Authors may reproduce or authorize others to reproduce the Work or derivative works for the authors personal use or for company use, provided that the source and the UMB copyright notice are indicated, the copies are not used in any way that implies UMB endorsement of a product or service of any employer, and the copies themselves are not offered for sale.
3. Although authors are permitted to re-use all or portions of the Work in other works, this does not include granting third-party requests for reprinting, republishing, or other types of re-use.
This work is also licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
