The Influence of Investment Motivation and Financial Literacy on Interest in Investing During the COVID-19 Pandemic

Abstract

The purpose of this study is to analyze the influence of investment motivation and financial literacy on investment interest in the capital market. The population used in this study were investor and potential investors at the Investor Gathering event, then sample was selected using purposive sampling technique. Multiple linear regression method was applied. The findings stated that investment motivation and financial literacy either partially or simultaneously have a significant positive effect on investment interest in the Indonesian capital market. The implication is that stakeholders must increase their efforts to generate investment motivation and grow the financial literacy index of investors so that they are increasingly interested in investing in the capital market. This study has limitations because it only uses internal variables from the investor's perspective, further studies may add external variables which are also determinants of interest in investing.

How Investment Motivation and Digital Literacy Affect Investment Interest Among University Students

“…www.ejournal.aibpm.org/index.php/JICPAccording to the results, it was found that investment motivation has an influence on investment interest. The results of this study are supported by the research of Suprihati & Pradanawati (2020) andParanita & Agustinus (2020) which found that investment motivation has an effect on investment interest.…”

The Influence of Financial Literacy on Investment Decisions During the Pandemic

“…The higher the Financial Literacy, the moreInterest in Investing will increase.This finding implies that to generate investmentinterest in the capital market, it is absolutely necessary toincrease the investment motivation of investors. Other than that,during the COVID-19 pandemic, Financial ServicesAuthorities as regulators further improve FinanceLiteracy by disseminating investment in the capital market through virtual media (Paranita & Agustinus, 2021).…”

Analisis Perbedaan Perilaku Investasi Saham Antara Wanita dan Pria di Pasar Modal Indonesia

“…Hal ini berbeda dengan penelitian Chu et al (2016) yang menunjukkan bahwa semakin kurang berani seseorang untuk berinvestasi maka semakin tinggi tingkat financial literacynya, hal ini dikarenakan seseorang berhati-hati dalam berinvestasi untuk mendapatkan return yang baik. Penelitian Romdioni, (2021), Adil et al, (2021), Dewi & Pertiwi, (2021) dan (A. , (Paranita & Agustinus, 2021) menunjukkan bahwa financial literacy mempengaruhi pengambilan keputusan investasi pria ataupun wanita, namun penelitian (Santoso, 2021) membuktikan bahwa financial literacy tidak berpengaruh dalam pengambilan keputusan investasi. Biasanya wanita memiliki financial literacy yang tinggi dibandingkan pria, hal ini dikarenakan wanita yang bersifat risk averse (Septiani, 2013).…”