Students’ Investment Decisions with Intention as an Intervening Variable

Ummah, Afaful; Ahsan, Muhamad; Anas, Ahmad

doi:10.21043/equilibrium.v9i1.9995

Cited by 5 publications

(17 citation statements)

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“…In addition, many conveniences are obtained from advances in information technology; according to research by Negara and Febrianto (2020), technological advances affected investment interest since they impacted the ease of making the investment process. In line with the research of Ummah et al (2021), Isticharoh and Kardoyo (2020), and Cahya and Kusuma (2019), information technology influenced investment interest.…”

Section: Information Technology and Investment Interestsupporting

confidence: 61%

“…Investment interest influenced investment decisions, as researched by Sulistyowati (2017), Sakdiyah et al (2018), and Ummah et al (2021). If someone is interested in investing, it will encourage him to take investment decisions.…”

Section: Investment Interest and Investment Decisionsmentioning

confidence: 98%

“…Prospective investors have obtained information through increasingly sophisticated technology to provide convenience, knowledge, and insight, resulting in more potential investors making investments. Information technology has been studied by previous researchers, such as Ummah et al (2021) and Amalia et al (2020), stating that information technology influenced investment decisions with the ease and convenience provided.…”

Section: Information Technology and Investment Decisionsmentioning

confidence: 99%

“…Investment trends among the public are also supported by many public figures who provide information about the investment. All investment information can be accessed online through various internet platforms (Ummah et al, 2021).…”

Section: Introductionmentioning

confidence: 99%

“…Research on information technology has also been conducted several times. As explained by Ummah et al (2021), information technology is increasingly advanced and provides convenience, affecting investment decisions. However, in studies carried out by Amalia et al (2020) and Cahya and Setyarini (2020), information technology did not affect investment decisions.…”

Section: Introductionmentioning

confidence: 99%

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Determinants of Investment Decisions in the Capital Market During the COVID-19 Pandemic

Fathmaningrum

Utami

2022

JAI

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Research aims: This study aims to determine the effect of herding behavior, accounting information, and information technology on investment decisions through investment interest during the COVID-19 pandemic.Design/Methodology/Approach: Using the purposive sampling method, this study used a sample of investors who had just invested in the Indonesian capital market during the COVID-19 pandemic. This quantitative study employed primary data based on questionnaires distributed to respondents via the internet. Respondents in this study were 241 investors. Hypothesis testing in this study utilized SEM-PLS analysis through the SMART PLS 3.0 application.Research findings: The results showed that herding behavior did not affect investment decisions through investment interest in the capital market during the COVID-19 pandemic. Meanwhile, accounting information and technology information influenced investment decisions through investment interest in the capital market during the COVID-19 pandemic.Theoretical contribution/Originality: The study results contribute to the literature (body of knowledge), especially as additional discussion toward theory and literature related to herding behavior, accounting information, and information technology on investors decisions through investment interest to invest in the capital market, which is still very limited.

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Section: Information Technology and Investment Interestsupporting

confidence: 61%

Section: Investment Interest and Investment Decisionsmentioning

confidence: 98%

Section: Information Technology and Investment Decisionsmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

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Determinants of Investment Decisions in the Capital Market During the COVID-19 Pandemic

Fathmaningrum

Utami

2022

JAI

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The influence of islamic capital market literacy toward intention to invest in islamic capital market: Does risk perception mediate the relationship?

Bastomi,

Sudaryanti

2024

JAI

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Research aims: This study was motivated by the limited study on the Islamic capital market, mainly in the behavioral finance field. Moreover, the incongruity findings in prior research investigations suggest additional exploration to elucidate the correlation between literacy and investing intention. This study, therefore, aims to clarify financial literacy roles in investment intention as mediated by risk perception. Specifically, the effect of Islamic capital market literacy on the intention to invest in the Islamic capital market was scrutinized.Design/Methodology/Approach: The present study employed quantitative methodology to address the issue under investigation. The study's sample was comprised of 200 respondents from the Generation Z investor population residing in Malang City. The research instrument used a set of seven Likert scales. The present study also utilized Partial Least Squares Structural Equation Modelling (PLS-SEM) for data analysis.Research findings: The research findings uncovered that Islamic capital market literacy affected risk perception and investment intention, and risk perception had a direct effect on investment intention. In addition, risk perception also successfully mediated the effect of capital market literacy on Gen Z's investment intention in the Islamic capital market.Theoretical contribution/Originality: This research has made a valuable contribution to the existing body of Islamic capital market literature, which has received limited attention. The research highlights the significance of Islamic capital literacy and establishes a favorable perspective of risk as a practical aspect. The results also have valuable input for the government in developing policies that promote increased involvement of young individuals in investing activities by enhancing literacy levels. Practitioner/Policy implication: The research highlights the significance of establishing a favourable perspective of risk as a practical aspect. The results of this study can be a helpful asset for governmental organisations seeking to develop policies that promote increased involvement of young individuals in investing activities by enhancing literacy levels. Research limitation/Implication: Nevertheless, one problem identified in this study is the lack of differentiation between respondents based on their level of literacy and the duration of their engagement. This aspect holds significant importance in influencing an individual's perception of risk.

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Antecedents of Risky Financial Investment Intention among Higher Education Students: A Mediating Moderating Model Using Structural Equation Modeling

Elshaer

Sobaih

2023

Mathematics

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The current study examines the direct effect of investment awareness and university education support on students’ risky financial investment intentions. Additionally, it examines the mediating effect of social influence and the moderating effect of self-control on these relationships. For this purpose, we directed an online questionnaire to senior students at three public universities in Saudi Arabia. The results of SmartPLS showed positive significant effects of investment awareness and university education support on social influence towards investment. The results also showed direct positive significant effects of investment awareness and university education support on students’ risky financial investment intentions. The results confirmed a partial mediating effect of social influence on the link between investment awareness and university education support on students’ risky financial investment intentions. Moreover, self-control was found to have a moderating effect on the link between investment awareness, university education support and social influence. Self-control failed to confirm the other moderating effects; i.e., the link between university education support and investment awareness, nor the link between investment awareness, university education support and risky financial investment intention. Implications of these findings for academics and policymakers to stimulate investment intention among higher education graduates in the Kingdom of Saudi Arabia (KSA) are discussed.

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Students’ Investment Decisions with Intention as an Intervening Variable

Cited by 5 publications

References 0 publications

Determinants of Investment Decisions in the Capital Market During the COVID-19 Pandemic

Determinants of Investment Decisions in the Capital Market During the COVID-19 Pandemic

The influence of islamic capital market literacy toward intention to invest in islamic capital market: Does risk perception mediate the relationship?

Antecedents of Risky Financial Investment Intention among Higher Education Students: A Mediating Moderating Model Using Structural Equation Modeling

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