The Effect of Financial Literacy, Financial Risk Tolerance, and Financial Socialization Agents on Stock Investment Decision in The Millennial Generation

Hendarto, Kevin; Anastasia, Njo; Basana, Sautma Ronni

doi:10.9744/ijbs.4.1.11-22

Cited by 9 publications

(12 citation statements)

References 26 publications

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…Investment decisions and dividend policies taken by the company will positively affect the firm value (Handriani & Robiyanto, 2018;Hendarto et al, 2021). This finding is supported by research conducted by Dewi et al (2019).…”

Section: Introductionmentioning

confidence: 52%

“…Investment decisions are decisions taken by a manager to invest in several different assets to get the maximum rate of return. Investment decisions can be in long-term or short-term investments (Hendarto et al, 2021). Long-term investment decisions are considered using capital budgeting tools, while short-term investment decisions, known as working capital decisions, focus on cash, inventories, other current assets, and current liabilities.…”

Section: The Effect Of Operating Cash Flow Toward Firm Value Through ...mentioning

confidence: 99%

See 1 more Smart Citation

Does Internal Fund Create Trouble for Firms? The Effect of Investment and Dividend Policy toward Firm Value

Yusup

Widyarini

Hongdiyanto

2022

ijbs

View full text Add to dashboard Cite

Agency theory occurs when shareholders recruit a manager to manage the company. Both shareholders and managers tend to work in their best interests. The free cash flow hypothesis states that managers tend to use internal funds to invest in an unprofitable project rather than pay a dividend to shareholders. This research investigates whether internal fund available creates trouble (agency conflict) that can reduce the firm value in Indonesia's company by examining the relationship of operating cash flow as the source of internal funds to firm value through investment decision and dividend policy. The research object is the consumer non-cyclical sector listed on Indonesia Stock Exchange from 2015-to 2019. The purposive sampling technique selects forty-seven companies. Panel data was analyzed using two stages least square (2SLS). This research finds that operating cash flow positively affects firm value. Nonetheless, operating cash flow does not affect firm value through investment decisions and dividend policy in Indonesia.

show abstract

Section: Introductionmentioning

confidence: 52%

Section: The Effect Of Operating Cash Flow Toward Firm Value Through ...mentioning

confidence: 99%

Does Internal Fund Create Trouble for Firms? The Effect of Investment and Dividend Policy toward Firm Value

Yusup

Widyarini

Hongdiyanto

2022

ijbs

View full text Add to dashboard Cite

show abstract

“…Proses mengambil keputusan investasi ini dapat berjalan dengan baik apabila individu mempunyai tujuan keuangan yang jelas, perencanaan keuangan dan kemampuan manajemen keuangan yang baik. Keputusan investasi individu memiliki dua aspek yaitu untuk memilih keputusan yang dapat memaksimalkan keuntungan dan yang kedua adalah pilihan berdasarkan aspek psikologi investor (Hendarto et al, 2021).…”

Section: Keputusan Investasiunclassified

Dampak Behavioral Finance Terhadap Keputusan Investasi dengan Persepsi Risiko sebagai Variabel Moderasi Pada Masyarakat Kota Batam

Alice

Haryanto²

2022

MBIA

View full text Add to dashboard Cite

This study aims to analyze the effect of financial literacy, financial knowledge, overconfidence, financial behaviour, risk aversion and risk perception on investment decisions with risk perception as a moderating variable. The type of research used is quantitative with descriptive analysis research methods. The kind of data used is primary data, with data collection in the form of questionnaires distributed by researchers to bank customers in Batam City. The sample obtained from the results of the questionnaire distribution was 375 respondents using purposive sampling with Slovin's formula. The data analysis method uses a structural equation model with validity and reliability tests using the Smart PLS 3 application. The results of this study prove that there is a significant influence on investment decisions by financial literacy, financial knowledge, overconfidence, financial behaviour, risk aversion and risk perception, but the moderating variable does not have a significant effect. Keywords: Investment Decision, Behavioral Finance, Financial Literacy Abstrak Penelitian ini bertujuan untuk menganalisis pengaruh dari literasi keuangan, pengetahuan keuangan, sikap terlalu percaya diri, perilaku keuangan, aversi risiko dan persepsi risiko terhadap keputusan investasi dengan persepsi risiko sebagai variabel moderasi. Jenis penelitian yang digunakan adalah kuantitatif dengan metode penelitian analisis deskriptif. Jenis data yang digunakan adalah data primer dengan metode pengumpulan data berupa kuisioner yang disebarkan oleh peneliti kepada kalangan nasabah bank di Kota Batam. Sampel yang didapatkan dari hasil penyebaran kuisioner adalah sebanyak 375 responden menggunakan purposive sampling dengan formula slovin. Metode analisis data menggunakan model persamaan structural dengan uji validitas dan reliabilitas menggunakan bantuan applikasi Smart PLS 3. Hasil dari penelitian ini menunjukkan pengaruh yang signifikan terhadap keputusan investasi oleh literasi keuangan, pengetahuan keuangan, sikap terlalu percaya diri, perilaku keuangan, aversi risiko dan persepsi risiko tetapi variabel moderasi tidak memberikan pengaruh yang signifikan. Kata kunci: Keputusan Investasi, Perilaku Keuangan, Literasi Keuangan

show abstract

“…The higher this ratio, the greater the company can cover investors' investments. With this, the company can finance investments from internal sources (retained earnings), which results in information on profitability that will provide a positive value and increase the company's value (Ekasari and Noegroho, 2020;Hendarto et al, 2021).…”

Section: The Effect Of Profitability On Firm Value In Banking Companiesmentioning

confidence: 99%

“…Therefore, with good corporate governance or corporate governance, it is expected to get the value of a good company. In addition, by increasing the value of this company, the company's profitability will also increase and can minimize the risk of losses in the future (Hendarto et al, 2021). So it can be said that it is suspected that profitability can mediate the relationship between corporate governance and the value of a banking company.…”

Section: Introductionmentioning

confidence: 99%

Does Profitability Mediate the Influence of Corporate Governance on Firm Value?

Wulandari

Imronudin²,

Wajdi³

et al. 2022

ijbs

View full text Add to dashboard Cite

This study examines the effect of corporate governance on firm value with profitability as an intervening variable. This study uses a sample of banking companies listed on the Indonesia Stock Exchange in 2016-2020. The sampling technique used was the purposive sampling technique. This type of research is quantitative with path analysis using the software Eviews 9. The results of this study indicate that: 1) Independent commissioners and institutional ownership have no significant effect on the profitability variable, while the board of directors, public ownership, and managerial ownership have a significant positive effect on profitability. 2) Profitability has a significant positive effect on firm value. 3) Public ownership and managerial ownership have a significant positive effect on firm value, while independent commissioners, board of directors, and institutional ownership have no significant effect on firm value. 4) Independent commissioners and institutional ownership have no significant effect on firm value through profitability. Meanwhile, the board of directors, public ownership, and managerial ownership positively and significantly affect firm value through profitability.

show abstract

The Effect of Financial Literacy, Financial Risk Tolerance, and Financial Socialization Agents on Stock Investment Decision in The Millennial Generation

Cited by 9 publications

References 26 publications

Does Internal Fund Create Trouble for Firms? The Effect of Investment and Dividend Policy toward Firm Value

Does Internal Fund Create Trouble for Firms? The Effect of Investment and Dividend Policy toward Firm Value

Dampak Behavioral Finance Terhadap Keputusan Investasi dengan Persepsi Risiko sebagai Variabel Moderasi Pada Masyarakat Kota Batam

Does Profitability Mediate the Influence of Corporate Governance on Firm Value?

Contact Info

Product

Resources

About