Does Family Environment Moderate The Effect of Financial Literacy, Attitudes and Motivation on Investment Interest

Abstract

Investment interest is the desire to invest, which is followed by a lot of information seeking. Everyone, including a lecturer, may be interested in investing in any form, either real assets or financial assets. Investments are made to obtain a benefit in the future. This research aims to determine how a lecturer's behavior in fostering interest in investing in financial assets, especially stocks, considers the factors that influence it. Participants in this study were lecturers in Surabaya who were certified lecturers and were permanent lecturers at public and private universities. This study uses three exogenous latent variables consisting of financial literacy, attitude, and motivation. One endogenous latent variable, namely investment interest and one moderating variable, namely family. Of the five variables used measured by a total of 21 indicators. The participants in this study were 103 participants. The participants in this study were 103 participants. This study indicates that the variables of financial literacy and motivation have a significant influence on the interest in investing in financial assets. This study suggests that financial literacy and inspiration variables have a considerable impact on the interest in investing in financial assets.

Financial Literacy and Motivation to Stimulate Saving Behavior Intention in form of Bank Customer Deposits

“…The result of the study [2] show that financial literacy has a positive influence on investment interest. While the results of [8] show that financial literacy has little influence on investment decisions According to [2] motivation is what drives someone to improve their behavior in order to satisfy their needs. A person's interest in putting a strong drive into action will be significantly influenced by the presence of a supporting will and desire.…”

“…Because environmental factors, whether it's positive or negative, will affect interest in saving in the form of deposits. Research gaps occur in the research results of [2] dan [8]. The result of the study [2] show that financial literacy has a positive influence on investment interest.…”

“…Research gaps occur in the research results of [2] dan [8]. The result of the study [2] show that financial literacy has a positive influence on investment interest. While the results of [8] show that financial literacy has little influence on investment decisions According to [2] motivation is what drives someone to improve their behavior in order to satisfy their needs.…”

“…Interest shows a person's desire, motivation, which will encourage someone to do something they want [2]. As stated by [3], one can tell if someone is interest in investing by the amount of effort they put into learning, practicing and researching different types of investments.…”

“…Financial Literacy, according to [6] is the ability to read, analyze, manage and write about finances that have an impact on daily life. This is also stated by [7], [2] and it refers to the ability to process information and make personal decision. Today's society is very dynamic especially with the information technology breakthroughs, which allows us to immediately obtain valid information from a variety of information sources.…”