The role of personality traits, financial literacy and behavior on investment intentions and family support as a moderating variable (original) (raw)
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Matrik : Jurnal Manajemen, Strategi Bisnis dan Kewirausahaan
Berbagai faktor yang menyebabkan meningkatnya tingkat kasus investasti fiktif disinyalir karena masyarakat yang kurang memiliki edukasi mengenai keuangan dan investasi. Tujuan dari penelitian adalah untuk mengetahui pengaruh Financial Literacy dan Financial Behavior selaku variabel independen terhadap Investment Decision selaku variabel dependen dengan Financial Behavior sekaligus sebagai variabel mediasi. Metode yang digunakan dalam penelitian ini yaitu metode analisis berupa Partial Least Square (PLS) dengan software SmartPLS. Sampel penelitian ini yaitu investor muda dalam rentang umur 18 sampai 40 tahun yang berdomisili di Kabupaten Badung, Bali sebanyak 156 responden. Teknik Purposive sampling digunakan dengan penentuan ukuran sampel menggunakan rumus Hair. Teknik pengumpulan data dalam penelitian ini yaitu membagian kuesioner secara daring dengan pengukuran skala likert. Berdasarkan analisis data, disimpulkan bahwa Financial Literacy dan Financial Behavior, berpengaruh signifi...
Impact of Personality Traits on Investment Intention: The Mediating Role of Risk Behaviour and the Moderating Role of Financial Literacy, 2019
This study investigates the role of risk behaviour in mediating the association between personality traits and investment intention and moderating role of financial literacy between the association of risk behaviour and investment intention within a sample of 284 students with finance background. Regression analyses was executed in a series to test the impact of independent variables on dependent variables. Along this, separate models for the mediator and for the moderator were appraised to get more vibrant results. Results suggest that individuals who are active, sympathy toward others, determined, well-organized are more willing toward Investment. Further results revealed that risk behaviour partially mediates the relationship of Personality traits with STII. However, in case of Long run Risk behaviour partially mediates the relationship of "Extraversion", "Agreeableness" , "Openness to Experience", and "Conscientious" with LTII and fully mediate the relationship of "Neuroticism" and LTII. Beside this, Study revealed that financial literacy has significant impact on STII and LTII. However , financial literacy does not moderate the association of risk behaviour and investment intention. The study could have implications for financial managers, Financial institutions, and governments to comprehend the role of financial literacy and risk behaviour while advising individuals to make investment.
This study aims to obtain empirical evidence of the effect of minimum investment capital, financial literacy level and family environment on students investment interest in the Indonesian capital market. The population in this study were active diploma and S-1 students at the Faculty of Economics and Business, Udayana University totaling 4784 students. The sampling method used in this study is non-probability sampling, namely the simple random sampling method. Determination of the number of samples used in this study based on the calculation of the Slovin Method of 370 respondents. The analysis technique used in this research is multiple linear regression analysis. Based on the results of the analysis, it was found that the minimum capital investment had a negative effect on students investment interest, while the financial literacy level and family environment had a positive effect on students investment interest in the Indonesian capital market.
Market Forces, 2019
The study examines the impact of financial literacy on investment decisions with the mediating effect of personality traits based on the big-five model. A total of 235 responses from Karachi were collected using the convenience sampling technique. The five-point Likert scale questionnaire was used alongside the Smart-PLS software for data analysis. The results suggest that financial literacy did not have a significant effect on investment decisions through agreeableness, conscientiousness and extraversion. However, financial literacy has a significant negative impact on investment decisions through openness to experience and a significant positive impact through neuroticism. The study helps improve our understanding of investor behavior by considering the mediating role of big five personality traits on the relationship between financial literacy and investment decisions. It is recommended that financial institutions should provide investment counseling services to prospective inves...
Dataset on determinants of intention and investment behaviour amongst young Indonesian millennials
Data in Brief, 2020
This is a PDF file of an article that has undergone enhancements after acceptance, such as the addition of a cover page and metadata, and formatting for readability, but it is not yet the definitive version of record. This version will undergo additional copyediting, typesetting and review before it is published in its final form, but we are providing this version to give early visibility of the article. Please note that, during the production process, errors may be discovered which could affect the content, and all legal disclaimers that apply to the journal pertain.
Dataset on determinants of intention and investment behaviour among Indonesian young millennials
2020
This is a PDF file of an article that has undergone enhancements after acceptance, such as the addition of a cover page and metadata, and formatting for readability, but it is not yet the definitive version of record. This version will undergo additional copyediting, typesetting and review before it is published in its final form, but we are providing this version to give early visibility of the article. Please note that, during the production process, errors may be discovered which could affect the content, and all legal disclaimers that apply to the journal pertain.
Mohamad Jupri, 2022
This paper aims to analyze the effect of financial literacy on investment interests among academicians. The study was conducted on all four aspects of financial literacy, namely general knowledge of personal finance, savings and loans, insurance, and investment partially and simultaneously on investment decisions from lecturers, employees, and students at the Indonesian International Finance and Business Academy in Bandung. The subjects in this study were lecturers, employees, and active students majoring in management and accounting at the Indonesian International Finance and Business Academy in Bandung with a total number of 240 questionnaire respondents. The results of the analysis show that financial literacy has a strong influence on investment interests for the academics of the Bandung International Finance and Business Academy.
The Effect of Financial Literacy Level and Demographic Factors on Investment Decision
Media Ekonomi dan Manajemen, 2020
The aim of this research is to find out the effect of financial literacy level and demographic factors on investment decision on government employees in Kalibawang Community Health Center, Kulon Progo, Yogyakarta. The population of this research is the government employees in Kalibawang Community Health Center, 29 of them are treated as the sample of this research. The sampling technique used in this research is purposive sampling. The respondents are those who have been doing investment. The data used in this research are collected with questionnaires. The data analysis technique used in this research is the Chi Square test. The result shows that financial literacy does not affect investment decision. However, out of the demographic factors, only age, income and investment experience affect investment decision. Meanwhile, the others demograpic factors such as gender and education do not affect investment decision.
2023
Objective: This study examines the effect of financial literacy and interest on financial risk tolerance. This research is to find out investors' knowledge in investment and also to find out whether investors keep up with news about investment so that it affects the purchase of financial products. Theoretical framework: Every decision that investors make involves financial risk. The amount of tolerance that develops is a critical factor influencing investment decisions and the usage of funds in the capital market. Financial literacy plays a role in demonstrating investor behavior while making investment selections, which might influence financial risk tolerance results. Financial interest indicates how much investors want to be involved in investing. Thus it is vital to understand how much financial risk particular investors are willing to accept. Demographic and socioeconomic variables are investor personality features that can make each investor stand out while making investing decisions. Methods: This research uses a quantitative approach by distributing questionnaires to a sample of experienced investors in Indonesia. Primary data for the study and analysis is collected through a structured questionnaire. The total number of respondents in this study was 184 eligible respondents.Financial risk tolerance as the dependent variable is influenced by independent variables, namely financial literacy and financial interest. There are control variables, namely demographic and social-economic characteristics like age and income. The analysis method used is Structural Equation Modeling analysis. Result & Conclusion: The results are that financial literacy does not affect financial risk tolerance, financial interest affects financial risk tolerance, and age and income do not affect financial risk tolerance. These results show that every investor's interest in emerging news can help investors in choosing investments and planning finances Implications of the research: Based on the results of the research and discussion that has been carried out, financial literacy, age, and income do not affect the financial risk tolerance of individual investors in Indonesia. In contrast, financial interest has a significant positive effect on the financial risk tolerance of individual investors in Indonesia. Future research can investigate investor personality and investor interest in financial well-being.
International Journal of Sustainable Development and Planning
Advancements in financial system and technology, enlarged individual responsibility for financial decisions, and rapid information expansion, have fundamentally transformed women's need to be functionally literate and financially capable, especially after the COVID-19 pandemic. The personality also has long term implications on financial well-being. The aim of the paper is to study the dominating role of financial attitude, financial awareness & skills, and financial behaviour on financial competence and the moderating role of personality on financial knowledge, financial behaviour, financial attitude, and financial capability. Multi stage stratified random sampling has been used to collect data from 530 urban working women in both the Public and Private sectors, self-employed professionals, and entrepreneurs. Smart-PLS is used by applying Structure Equation Modelling (SEM) to study the moderating role of personality on financial attitude, behaviour, knowledge, and capability. F...