Pengaruh Financial Literacy, Financial Behavior dan Financial Experience Terhadap Keputusan Investasi Generasi Milenial di Batam

Abstract

Amid the economic pressures caused by the COVID-19 pandemic, individuals' interest in investing is increasing over time because investing is no longer considered difficult to do. This research aims to find out the influence of Financial Literacy, Financial Behavior and Financial Experience on The Millennial Generation Investment Decision in Batam partially. The sample used in this study amounted to 80 samples. Research methods use associative and quantitative methods with multiple linear regression data analysis techniques. The results of this study show that partially the variables of Financial Literacy, Financial Behavior and Financial Experience have a positive effect onInvestment Decisions. The effect of variables of Financial Literacy, Financial Behavior and Financial Experience on investment decisions was 71.5% and the remaining 28.5% was influenced by other variables not studied in the study.

Millennials’ Investment Decision in Capital Market Investment With Financial Behavior as An Intervening Variable

“…According to Ramadani et al (2022) financial experience is an event or events regarding something related to finances that has been passed and felt either that has happened or has just happened so that it is wiser in managing finances. Another definition of financial experience is the skills possessed by an individual who comes from events or events that have been experienced regarding finances in order to be wiser in managing finances.…”

“…al ( 2022 Bhaskara (2017) and Putri & Rahyuda (2017) show that financial literacy has a significant positive effect on investment decisions. In research conducted by Ramadani et al (2022) and Perwito et al (2020) stated that financial literacy has a positive effect on investment decisions. On research conducted by Audini (2020); Baihaqqy et al (2020); Dewi & Krisnawati (2020) and Khairiyati & Krisnawati (2019) also proved that financial literacy has a significant effect on investment decisions.…”

“…Some of the results that have been obtained from previous research conducted by Indrayani (2018) show that financial experience has a significant positive effect on investment decisions. In a study conducted by Ramadani et al (2022) stated that financial experience has a positive effect on investment decisions. In research conducted by Pertiwi et al (2020) which also proved that financial experience has a significant effect on investment decisions.…”

“…In managing and using funds, people who have better financial behavior will be smarter in controlling spending, recording the amount of expenses, and investing (Upadana & Herawati, 2020) Millennial stock investors with a good level of financial behavior can make the right investment decisions so that they can maximize the profits they get in the future. Some of the results obtained from research that has been carried out by Ramadani et al (2022); Landang et al (2021); Gumilar & Aryati (2020); Upadana & Herawati (2020) and Mutiara & Agustian (2020) show that financial behavior has a positive and significant effect on investment decisions. Research conducted by Darwati et al (2022); Bebasari & Istikomah (2020); Asandimitra et al (2019) and Bastari (2019) also prove that financial behavior influences investment decisions.…”

“…This research is intended to develop from previous research on investment decisions influenced by financial literacy, financial experience, financial self-efficacy, risk tolerance and financial behavior. This research is a development research developed from research that has been carried out by Ramadani et al (2022) entitled The Influence of Financial Literacy, Financial Behavior and Financial Experience on the Investment Decisions of the Millennial Generation in Batam City. This research has differences with previous studies, namely making the Financial Behavior variable as a mediation variable, adding the Financial Self Efficacy variable and the Risk Tolerance variable as independent variables, the investment decisions studied in this study focus on stock investment and the subject used in this study is millennial stock investors in Indonesia.…”