Decision Model for Saving Stocks Based on TPB and Financial Literacy

Mulyono, Kemal Budi

doi:10.15294/dp.v16i1.29164

Cited by 7 publications

(8 citation statements)

References 17 publications

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“…Another outrageous and interesting fact to be deeply reviewed is that the SNS construct did not have a significant effect on the intention of participation to invest in the Islamic capital market. Empirically, this finding was contradicted by the study exploring individual intention in consuming products of the capital market, depicting that subjective norm is one of the significant determinants to influence individual intention to invest in the capital market (Mulyono, 2021;Phan and Zhou, 2014;Raut, 2020). The insignificant relationship between SNS and individual intention in the Islamic capital market was probably caused by a crucial factor, such as products of the Islamic capital market.…”

Section: Discussionmentioning

confidence: 96%

“…Initially, some studies had focused on PBC as a mediator in various sectors, such as purchasing intention (Ayu et al, 2013), e-learning adoption (Altawallbeh et al, 2015), individual activities (Alexandris et al, 2007) and environmental behavior (Lin et al, 2021). Specifically, in the context of this study, financial literacy is significant in improving control perception of investment behavior, substantially, if investment control is weak, the intention will decrease (Mulyono, 2021).…”

Section: Past Behaviormentioning

confidence: 87%

“…Under social pressure, an individual makes a decision in sacrificing his or her personal preference (Raut and Das, 2017;Venkatesh and Davis, 2000). In the previous study, it postulated that the intention to invest in the financial market is based on people's preferences surrounding him or her, such as suggesting him or her in participate (Mulyono, 2021;Phan and Zhou, 2014;Raut, 2020). The assumed hypothesis can be concluded as follow:…”

Section: Snsmentioning

confidence: 99%

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Examining Islamic capital market adoption from a socio-psychological perspective and Islamic financial literacy

Yusfiarto

Nugraha²,

Mutmainah³

et al. 2022

JIABR

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Purpose This study aims to explore the Islamic capital market adoption model, based on the construct of Islamic financial literacy (IFL), the theory of planned behavior (TPB) and past behavior (PBR) in the context of a Muslim-majority country (Indonesia). Design/methodology/approach To test the conceptual model, this study used data from 251 respondents with a diverse spectrum, and the partial least squares structural equation modeling technique was used to test the forecasting of the model. Findings Overall, IFL and TPB dimensions (i.e. attitudes and perceived behavioral control) have a significant positive effect, either directly or indirectly, for investment intentions in the Islamic capital market. Also, the findings recommend the construct of PBR as an important predictor of investment intentions in Islamic capital markets. Practical implications The study can be beneficially used for Islamic financial institutions to participate with the Indonesian government in affirming IFL to broader society, not only Islamic education institutions. It is related to the significance of IFL, where it can be utilized as an indicator that education on the concept and values of Islamic finance can positively establish attitudes in society and stakeholders. Originality/value This study is an effort to strengthen IFL as a key construct using a good measurement scale, in the context of the Islamic capital market investment. In addition, this study also provides the necessary impetus to analyze the relationship between the dimensions of TPB and PBR, either directly or indirectly.

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Section: Discussionmentioning

confidence: 96%

Section: Past Behaviormentioning

confidence: 87%

Section: Snsmentioning

confidence: 99%

See 1 more Smart Citation

Examining Islamic capital market adoption from a socio-psychological perspective and Islamic financial literacy

Yusfiarto

Nugraha²,

Mutmainah³

et al. 2022

JIABR

View full text Add to dashboard Cite

show abstract

“…The study found that attitude, subjective norm, and PBC mediated the relationship between personality traits and intention; it also revealed that attitude partially mediated the relationship between risk perception and intention (Ali, 2011). AT, SN, and PBC partially mediated the association between financial literacy and investors' behavioral intention (Mulyono, 2021). Raut (2020) found that attitude and PBC partially mediated the path between past investment behavior and financial literacy with intention.…”

Section: Literature Review and Hypothesesmentioning

confidence: 92%

Role of big-five personality traits in predicting behavioral intention: A case of Indian corporate bond investors

Matha

Geetha

Acharya

et al. 2022

Problems and Perspectives in Management

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Personality traits are qualities that make a person distinctive and describe stable behavior patterns. Therefore, understanding the influence of personality traits on behavioral intention will help predict investors’ investment decisions. This study aims to assess the impact of personality traits, i.e., openness to experience, neuroticism, conscientiousness, agreeableness, and extraversion, on investors’ behavioral intentions. Moreover, it assesses the mediating effect of attitude, subjective norms, and perceived behavioral control between investors’ personality traits and behavioral intention. The study employed a structured questionnaire on a sample of 413 retail investors. Further, obtained data were empirically examined on Smart-PLS 3.3 using the PLS-SEM method. The study found that perceived behavioral control, subjective norms, and attitude positively affected behavioral intention. However, the personality traits did not influence the intention directly. Further, mediation analysis revealed that attitude and subjective norm fully mediated the relationship between extraversion, neuroticism, openness, and intention. In contrast, attitude and subjective norms did not exhibit a mediating relationship between agreeableness, conscientiousness, and intention. Finally, perceived behavioral control fully mediated the relationship between personality traits and intention, except for conscientiousness. The study contributes by extending the applicability of the theory of planned behavior by examining the impact of big-five personality traits on behavioral intention and mediating the role of the theory of planned behavior’s dimension between personality traits and intention.

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“…Non-performing loans (NPL). Mulyono (2021) added every current bank can manage its credit according to the terms and conditions in force so that it does not cause non-performing loans. Non-performing loans are intentional factors or due to external factors beyond the control of the debtor in repaying credit.…”

Section: Non-performing Loanmentioning

confidence: 99%

The Relationship between Non-Performing Loans and Size on Leverage in Indonesia Stock Exchange

Hulu¹,

Cindy²,

Gani³

et al. 2022

IJFEB

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Today, the banking sector plays a vital role in achieving national goals for increasing the living standards of the community and supporting the running of the economy, considering its function as an intermediary institution, payment transaction, and transmission tool for monetary policy. Thus, this study seeks to examine the effect of Non-Performing Loan (NPL), Size (SIZE) on Leverage (LEV). Panel data regression is applied to achieve the proposed objective. The data collected from commercial bank companies listed on the Indonesia stock exchange (IDX) started from 2016 to 2019 with 43 banks. The result shows that NPL and SIZE positively and significantly affect LEV. In conclusion, this study has identified the relationship between Non-Performing Loans (NPL), Size (SIZE) and Leverage (LEV). Also, the studied variable indicated that NPL and SIZE significantly and positively affect LEV.

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Decision Model for Saving Stocks Based on TPB and Financial Literacy

Cited by 7 publications

References 17 publications

Examining Islamic capital market adoption from a socio-psychological perspective and Islamic financial literacy

Examining Islamic capital market adoption from a socio-psychological perspective and Islamic financial literacy

Role of big-five personality traits in predicting behavioral intention: A case of Indian corporate bond investors

The Relationship between Non-Performing Loans and Size on Leverage in Indonesia Stock Exchange

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