Literasi Keuangan dan Pendapatan terhadap Keputusan Investasi Mahasiswa dengan Perilaku Keuangan sebagai Variabel Intervening

Abstract

This study aims to determine the effect of financial literacy, income, and financial behavior as intervening variables on investment decisions of active undergraduate students of accounting at UPN "Veteran" East Java. The population in this study were active students majoring in accounting at UPN "Veteran" East Java who had worked or were self-employed. The research method used is a quantitative method. The data collection method was carried out using a questionnaire in the form of a Google form. The analysis technique used is Partial Least Squares (PLS) with the help of SmartPLS 3.0 software. The results showed that financial literacy and financial behavior had a positive and significant effect on investment decisions, while income had no effect on investment decisions. Financial literacy has a positive and significant effect on financial behavior while income has no effect on financial behavior. In addition, the mediation test results show that financial behavior mediates the relationship between financial literacy and investment decisions and does not mediate the relationship between income and investment decisions.
 Keywords: Investment Decision, Financial Literacy, Income, Financial Behavior

Determinants of investment decisions: The mediating role of financial technology

“…The theoretical foundation underpinning this research derives from the Theory of Planned Action and extends the Theory of Rational Action. Empirical evidence suggests that the intention to engage in a specific behavior is influenced by subjective norms and one's disposition towards these actions (Putri & Andayani, 2022). Behavioral actions are the tendency to respond positively or negatively to objects, people, organizations, or events.…”

The Impact of Financial Literacy and Financial Inclusion towards the Saving Behavior of the Students

“…Financial literacy has a very important role in managing one's finances and making investment decisions. High financial literacy will lead to good investment decisions and good financial behavior (Putri, 2021). Financial literacy is essential for everyone to avoid financial difficulties.…”

Literasi Keuangan dan Uang Saku Sebagai Keputusan Berinvestasi: Perilaku Keuangan

“…Berdasarkan uji hipotesis H2 disimpulkan bahwa literasi keuangan mempunyai pengaruh signifikasi terhadap perilaku keuangan. Dengan adanya literasi keuangan yang baik dan tinggi maka akan berpengaruh baik terhadap perilaku keuangan dikarenakan pemahaman tentang manajemen keuangan tidak cukup untuk memiliki perilaku keuangan yang sehat (Putri, 2021). Hal ini disebabkan kebutuhan seseorang akan gaya hidup membuat ia mengabaikan setiap pemahamannya mengenai manajemen keuangan.…”