Abstract:Behavioral finance is very important in one's decision-making when investing. Many factors affect the financial investors in the process of financial investment decision. This study aims to: (1) for test whether there is any difference in the financial investment decision process when viewed from demographic variables such as occupation, gender, and age of financial knowledge, (2) for test the influence of internal factors consisting of perception, motivation, learning, financial knowledge and external factors… Show more
“…While one example of an indirect form of investment in mutual funds. In making investment decisions, investors need information regarding available investment options so that investors can choose which investment is best for them (Lubis et al, 2013). This study focuses on research on direct investment decisions in the capital market, especially for investment instruments in the form of stocks and bonds, excluding mutual funds.…”
The purpose of this study is to determine the effect of financial literacy on investment decision-making in the capital market for Indonesia’s millennial generation. Investment instruments available on the capital market have a relatively higher risk compared to conventional investment instruments, such as deposits on the money market, where to invest in the capital market investors must believe that they understand the transaction mechanism and are ready to assume the risks of investing in the capital market. Financial literacy is defined by financial knowledge, financial awareness, and financial attitudes. A person's comprehension or familiarity with financial topics is referred to as financial knowledge. Financial awareness is the knowledge of one's own finances and the ability to manage their money to prevent financial issues. Financial decision-making is also based on the application of financial principles, or financial attitude. A Google Form survey that was disseminated via social media to the millennial generation in Jabodetabek - Indonesia was used to collect the data for this study. Using the purposive sampling technique, 164 respondents made up the samples. PLS- SEM analysis is the analytical technique employed. The results of the study show that financial knowledge, financial awareness, and financial attitude have a positive effect on investment decisions. Other than that, family influence moderates the influence of financial knowledge on investment decisions. However, family influence doesn’t moderate the effect of financial awareness and financial attitudes on investment decisions.
“…While one example of an indirect form of investment in mutual funds. In making investment decisions, investors need information regarding available investment options so that investors can choose which investment is best for them (Lubis et al, 2013). This study focuses on research on direct investment decisions in the capital market, especially for investment instruments in the form of stocks and bonds, excluding mutual funds.…”
The purpose of this study is to determine the effect of financial literacy on investment decision-making in the capital market for Indonesia’s millennial generation. Investment instruments available on the capital market have a relatively higher risk compared to conventional investment instruments, such as deposits on the money market, where to invest in the capital market investors must believe that they understand the transaction mechanism and are ready to assume the risks of investing in the capital market. Financial literacy is defined by financial knowledge, financial awareness, and financial attitudes. A person's comprehension or familiarity with financial topics is referred to as financial knowledge. Financial awareness is the knowledge of one's own finances and the ability to manage their money to prevent financial issues. Financial decision-making is also based on the application of financial principles, or financial attitude. A Google Form survey that was disseminated via social media to the millennial generation in Jabodetabek - Indonesia was used to collect the data for this study. Using the purposive sampling technique, 164 respondents made up the samples. PLS- SEM analysis is the analytical technique employed. The results of the study show that financial knowledge, financial awareness, and financial attitude have a positive effect on investment decisions. Other than that, family influence moderates the influence of financial knowledge on investment decisions. However, family influence doesn’t moderate the effect of financial awareness and financial attitudes on investment decisions.
“…Dengan kata lain, pengetahuan yang tinggi akan menjadikan investor untuk dapat memaksimalkan return yang tinggi dan mengurangi risiko yang akan diterimanya (Tandelilin, 2010). Toleransi risiko akan mempengaruhi bagaimana sikap individu dalam menerima risiko dalam keputusan investasinya (Lubis et al, 2013), dan persepsi risiko akan mempengaruhi pandangan individu dalam melakukan keputusan investasi pada aset yang berisiko (Kumar & Goyal, 2016).…”
Section: Jumlah Investor DI Lampungunclassified
“…Dalam prospect theory yang dikembangkan oleh Kahneman dan Tversky (1979) menemukan bahwa sikap tentang risiko saat menghadapi keuntungan akan berbeda dengan sikap saat tentang risiko saat menghadapi kerugian. Suweca dalam Lubis et al, (2013) menyatakan seseorang yang dalam kondisi rugi akan cenderung berani dalam menanggung risiko dibandingkan dengan kondisi berhasil.…”
Section: Pengaruh Toleransi Risiko Terhadap Keputusan Investasiunclassified
Investment decisions are decisions in allocating a number of funds to certain types of assets within a certain period of time. Investment decisions can manage investors' personal finances so they can get profits in the future. Employees as someone who has an income are expected to better manage their finances by investing. The purpose of this study was to empirically find the effect of financial literacy, risk tolerance and risk perception on employee investment decisions in Bandar Lampung. This was a quantitative research with the purposive sampling as the data collection technique. The data analysis method used the multiple regression analysis. This study found that financial literacy had a significant positive effect on the investment decisions. This proved that employees in Bandar Lampung tended to be rational in making investment decisions. The perception of risk had a significant positive effect on the investment decisions. This showed that employees in Bandar Lampung when they knew the risk of high investment assets, they tended to make investment decisions on these assets.
Keywords: Financial Literacy, Risk Tolerance, Risk Perception, Investment Decision
Keputusan investasi adalah keputusan dalam mengalokasikan sejumlah dana pada jenis aset tertentu dalam jangka waktu tertentu. Keputusan investasi dapat mengatur keuangan pribadi investor sehingga dapat memperoleh keuntungan di masa yang akan datang. Karyawan sebagai seseorang yang memiliki penghasilan diharapkan dapat mengelola keuangannya dengan lebih baik dengan berinvestasi. Tujuan penelitian ini adalah untuk mengetahui secara empiris pengaruh literasi keuangan, toleransi risiko dan persepsi risiko terhadap keputusan investasi karyawan di Bandar Lampung. Penelitian ini merupakan penelitian kuantitatif dengan teknik pengumpulan data purposive sampling. Metode analisis data yang digunakan adalah analisis regresi berganda. Penelitian ini menemukan bahwa literasi keuangan berpengaruh positif signifikan terhadap keputusan investasi. Hal ini membuktikan bahwa pegawai di Bandar Lampung cenderung rasional dalam mengambil keputusan investasi. Persepsi risiko berpengaruh positif signifikan terhadap keputusan investasi. Hal ini menunjukkan bahwa karyawan di Bandar Lampung ketika mengetahui risiko aset investasi yang tinggi, mereka cenderung mengambil keputusan investasi pada aset tersebut.
Kata kunci: Literasi Keuangan, Toleransi Risiko, Persepsi Risiko, Keputusan Investasi
“…Selain pendapatan, perilaku keuangan merupakan faktor yang dibutuhkan untuk melakukan sebuah investasi. Perilaku keuangan merupakan hasil interaksi dari psikologis dengan tingkah laku keuangan dan performa dari semua kategori investor (Lubis et al, 2013). Disinyalir bahwa kualitas perilaku keuangan yang efisien akan berperan dalam permasalahan seperti kesulitan keuangan, karena seharusnya pendapatan yang dimiliki dapat mencakupi kebutuhan namun sebagian dari nasabah justru mengharuskan diri untuk bertindak menentukan keputusan investasi.…”
Section: Pendahuluanunclassified
“…Hasil penelitian variabel perilaku keuangan ini berkaitan dengan teori prospek yang mana teori ini mengasumsikan bahwa perilaku keuangan merupakan hasil interaksi dari psikologis dengan tingkah laku keuangan dan performa dari semua kategori investor (Lubis et al, 2013). Disinyalir bahwa kualitas perilaku keuangan yang efisien akan berperan dalam permasalahan seperti kesulitan keuangan, karena seharusnya pendapatan yang dimiliki dapat mencakupi kebutuhan.…”
Section: Pengaruh Perilaku Keuangan Terhadap Pengambilan Keputusan In...unclassified
This study aims to determine the effect of income, financial behavior, and locus of control on the investment decision making of PNS SD teachers in Buleleng District. This research is a type of quantitative research with a total of 217 respondensts. The data were obtained by distributing questionnaires aimed at elementary school civil servant teachers in Buleleng District. Samples were selected using criteria with purposive sampling technique. The data used is primary data in the form of answers from respondents and processed using SPSS 15.0 for Windowns. The results of this study indicate that income has a significant effect on investment decision making for PNS SD teachers in Buleleng District, financial behavior has a significant effect on investment decision making for PNS SD teachers in Buleleng District, and locus of control has a significant effect on investment decision making for PNS SD teachers in Buleleng District.
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