The Role of Financial Literacy in Mediation of Sociodemographic Effects on Investment Decisions

Asmara, I Putu Wahyu Putra; Wiagustini, Luh Putu

doi:10.35409/ijbmer.2021.3289

Cited by 7 publications

(7 citation statements)

References 29 publications

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“…Financial literacy plays a partial role as a full intermediary between educational attainment and investing choices. Age, gender, and income have no real or perceived influence on investment choices (Asmara & Wiagustini, 2021). All households and businesses, especially the most marginalized, have equitable and inexpensive access to financial products thanks to an inclusive financial market.…”

Section: Literature Reviewmentioning

confidence: 99%

Unraveling the Future: Emerging Trends of Financial Literacy in the Digital Age

Meena

2024

IJSREM

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Financial literacy plays a pivotal role in navigating the intricacies of contemporary finance, and as the financial landscape undergoes transformation, so do the trends in financial literacy. This theoretical paper delves into the emerging trends in financial literacy, focusing on their potential implications for both individuals and economies. The dynamic definition of financial literacy now encompasses a range of essential components, including digital literacy, sustainable investments, and comprehension of intricate financial instruments. Personalization and technology are facilitating tailored financial education, while the application of behavioural economics principles and nudging techniques is molding positive financial behaviours. Additionally, gamification and edutainment strategies are proving effective in engaging and motivating learners, thereby enhancing knowledge retention. Inclusive financial literacy initiatives are being developed to address the needs of underserved populations, contributing to the promotion of economic growth. Moreover, the relevance of education on digital currencies and blockchain is escalating as these innovations gain prominence, and investor education is gaining significance in response to the surge in retail investing. Concurrently, integrating financial literacy into educational institutions is equipping students early in life with essential financial skills. By comprehending these emerging trends, societies can design more efficacious financial education initiatives, empowering individuals to make well-informed financial decisions and bolstering economic resilience.

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Section: Literature Reviewmentioning

confidence: 99%

Unraveling the Future: Emerging Trends of Financial Literacy in the Digital Age

Meena

2024

IJSREM

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“…Hasil penelitian ini sejalan yang dilakukan (Baihaqqy et al, 2020) menunjukan literasi keuangan berpengaruh terhadap minat investasi dengan 108 responden, (Asmara & Wiagustini, 2021) menunjukan literasi keuangan berpengaruh terhadap minat investasi, (Putra et al, 2021) menunjukan literasi keuangan berpengaruh terhadap minat investasi pada generassi millennial di Indonesia dengan 347 responden. Adanya pengaruh moderasi dalam penelitian ini norma subjektik memberikan gambaran bahwa tingkat literasi keuangan seseorang bisa memperlemah atau memperkuat persepsi positif minat generasi millenial untuk berinvestasi di pasar modal syariah.…”

Section: Pembahasanunclassified

Sikap Investasi Dan Norma Subjektif Terhadap Minat Investasi Investasi Dengan Literasi Keuangan Sebagai Variabel Moderasi

Prajawati,

Ainiyah,

Yuliana

2023

JEB

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Investasi adalah suatu kebijakan atas harta kekayaan yang dimiliki untuk dialokasikan pada suatu pilihan investasi sehingga dapat memperoleh keuntungan di masa yang akan datang. Penelitian ini bertujuan untuk mengukur dan menganalisis sikap investasi dan norma subjektif pada Minat Investasi dengan literasi keuangan sebagai variabel moderasi. Penelitian ini termasuk jenis penelitian kuantitatif dengan pendekatan studi kasus. Populasi dalam penelitian ini adalah milenial perguruan tinggi negeri Kota Malang. Metode dalam penentuan sampel adalah purposive sampling. Sampel dalam penelitian ini berjumlah 270 responden. Data penelitian ini menggunakan data primer. Penelitian ini menggunakan alat analisis Partial Least Square (PLS) dengan aplikasi WarrpPLS versi 7.0. Hasil penelitian ini menunjukkan bahwa sikap investasi berpengaruh langsung dan signifikan terhadap Minat Investasi, norma subjektif berpengaruh langsung dan signifikan terhadap Minat Investasi. Literasi Keuangan tidak memoderasi sikap investasi terhadap Minat Investasi. sedangkan, Literasi Keuangan memoderasi pengaruh norma subjektif terhadap Minat Investasi.

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“…Generation Z's stock market participation is also influenced significantly by financial literacy. In addition, Asmara and Wiagustini (2021) investigate the role financial literacy plays in investment decisions amongst individuals who have invested and are investing in the Indonesian Stock Exchange. The finding from the study is parallel with previous studies that financial literacy shows a significant positive correlation with investment decisions.…”

Section: Investmentmentioning

confidence: 99%

“…South Lebanon (Alaaraj & Bakri, 2020) Indonesia (Asmara & Wiagustini, 2021) Malaysia (Samsulbahri et al, 2021) Shows a positive significant relationship with the decision-making of one's investment. Indonesia (Baihaqqy et al, 2020) Explains investment decisions amongst baby boomers, Generation X, and Generation Y. Bandung City.…”

Section: Investmentmentioning

confidence: 99%

Impact of Financial Literacy on Finance and Economy: A Literature Review

Bunyamin

Wahab

2022

LBIBF

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Financial literacy encourages individuals and society to improve their financial well-being. Hence, increase their capabilities to take part in economic life. This paper aims to investigate the impact of financial literacy on finance and economy. An extensive review of financial literacy literature is carried out, with a specific attention on its correlation with financial and economic aspects. This study unveils that financial literacy gives impacts on personal financial decisions, behaviour, saving and retirement, investment, financial risk tolerance, business, and national economy. This paper will be useful to economists and technologist about the importance of financial literacy with the suggestions on the role of financial technology (FinTech) in enhancing financial literacy, thus financial well-being as well as overall well-being towards industrial revolution 4.0 (IR 4.0).

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The Role of Financial Literacy in Mediation of Sociodemographic Effects on Investment Decisions

Cited by 7 publications

References 29 publications

Unraveling the Future: Emerging Trends of Financial Literacy in the Digital Age

Unraveling the Future: Emerging Trends of Financial Literacy in the Digital Age

Sikap Investasi Dan Norma Subjektif Terhadap Minat Investasi Investasi Dengan Literasi Keuangan Sebagai Variabel Moderasi

Impact of Financial Literacy on Finance and Economy: A Literature Review

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