Pengaruh Financial Literacy, Religiusitas, Investment Knowledge terhadap Pengambilan Keputusan Investasi melalui Investment Intention sebagai Variabel Intervening
|
Keywords:
Financial LIteracy, Religiusitas, Investment Knowledge, Investment Intention, Investment Decision
AbstractInvestment decisions are a person's actions to determine and allocate capital to certain assets or companies with the aim of obtaining profits in the future. In making investment decisions one must have financial knowledge to plan investments properly. This is important so that the investment decisions taken have clear and directed objectives. This research aims to find out how financial literacy, religiosity and investment knowledge influence investment decision making through investment intention as an intervening variable. This study uses a quantitative approach, namely by distributing questionnaires as a means of collecting data. The number of respondents was 160 people who were investors in Padang City, and the selection of respondents was carried out using a saturated sampling method (census). Structural Equation Modeling (SEM) was chosen as the data analysis method using the SmartPLS 4 application as an analysis tool. In the research, the results showed that financial literacy, religiosity, investment knowledge and investment intention had a positive effect on investment decisions. Likewise, financial literacy and investment knowledge have a positive effect on investment decisions through investment intention. However, religiosity does not have a positive effect on investment decisions through investment intention. Downloads
Download data is not yet available.
ReferencesAkhtar, F., & Das, N. (2019). Predictors of investment intention in Indian stock markets: Extending the theory of planned behaviour. International Journal of Bank Marketing, 37(1), 97–119. DOI: https://doi.org/10.1108/IJBM-08-2017-0167 . Diener, J., & Habisch, A. (2022). God’s Stewards: A Global Overview of Christian-Influenced Mutual Fund Providers. Journal of Risk and Financial Management, 15(12). DOI: https://doi.org/10.3390/jrfm15120547 . Darmawan, A., Kurnia, K., & Rejeki, S. (2019). Pengetahuan Investasi, Motivasi Investasi, Literasi Keuangan dan Lingkungan Keluarga Pengaruhnya terhadap Minat Investasi di Pasar Modal. Jurnal Ilmiah Akuntansi dan Keuangan, 8(2), 44–56. DOI: https://doi.org/10.32639/jiak.v8i2.297 . Mertha Dewi, I., & Purbawangsa, I. B. A. (2018). Pengaruh Literasi Keuangan, Pendapatan Serta Masa Bekerja terhadap Perilaku Keputusan Investasi. E-Jurnal Ekonomi dan Bisnis Universitas Udayana, 1867. DOI: https://doi.org/10.24843/eeb.2018.v07.i07.p04 . Fadli, A., & Wijayanto, A. (2020). Investment Training Moderates the Effect of Financial Literacy, Return and Risk on Investment Interest in Capital Markets. Management Analysis Journal, 9(1), 102–112. DOI: https://doi.org/10.15294/maj.v9i1.36879 . Fitriyani, S., & Anwar, S. (2022). Pengaruh Herding, Experience Regret dan Religiosity terhadap Keputusan Investasi Saham Syariah Pada Investor Muslim Millennial Dengan Financial Literacy Sebagai Variabel Moderasi. Jurnal Ekonomi Syariah Teori dan Terapan, 9(1), 68. https://doi.org/10.20473/vol9iss20221pp68-77 . Jain, J., Walia, N., Singla, H., Singh, S., Sood, K., & Grima, S. (2023). Heuristic Biases as Mental Shortcuts to Investment Decision-Making: A Mediation Analysis of Risk Perception. Risks, 11(4). DOI: https://doi.org/10.3390/risks11040072 . Bhatia, A., Chandani, A., Divekar, R., Mehta, M., & Vijay, N. (2022). Digital Innovation In Wealth Management Landscape: The Moderating Role of Robo Advisors In Behavioural Biases and Investment Decision-Making. International Journal of Innovation Science, 14(3–4), 693–712. DOI: https://doi.org/10.1108/IJIS-10-2020-0245 . Sachdeva, M., Lehal, R., Gupta, S., & Gupta, S. (2023). Influence of Contextual Factors On Investment Decision-Making: A Fuzzy-AHP Approach. Journal of Asia Business Studies, 17(1), 108–128. DOI: https://doi.org/10.1108/JABS-09-2021-0376 . Imran, S., & Rautiainen, A. (2022). Effects of Contextual Variables On Strategic Investment Decision-Making Styles: An Empirical Study From Pakistan. Asia Pacific Management Review, 27(1), 1–9. DOI: https://doi.org/10.1016/j.apmrv.2021.03.004 . Trönnberg, C. C., & Hemlin, S. (2022). Challenging Investment Decision-Making In Pension Funds. Qualitative Research in Financial Markets, 14(2), 229–246. DOI: https://doi.org/10.1108/QRFM-03-2018-0039 . Hala, Y., Abdullah, M. W., Andayani, W., Ilyas, G. B., & Akob, M. (2020). The Financial Behavior of Investment Decision Making Between Real and Financial Assets Sectors. Journal of Asian Finance, Economics and Business, 7(12), 635–645. DOI: https://doi.org/10.13106/JAFEB.2020.VOL7.NO12.635 . Atif Sattar, M., Toseef, M., & Fahad Sattar, M. (2020). Behavioral Finance Biases in Investment Decision Making. International Journal of Accounting, Finance and Risk Management, 5(2), 69. DOI: https://doi.org/10.11648/j.ijafrm.20200502.11 . Ahmed, Z., Noreen, U., Ramakrishnan, S. A. L., & Binti Abdullah, D. F. (2021). What Explains The Investment Decision-Making Behaviour? The Role of Financial Literacy And Financial Risk Tolerance. Afro-Asian Journal of Finance and Accounting, 11(1), 1–19. DOI: https://doi.org/10.1504/AAJFA.2021.111814 . Tao, Z., Moncada, J. A., Poncelet, K., & Delarue, E. (2021). Review and Analysis of Investment Decision Making Algorithms In Long-Term Agent-Based Electric Power System Simulation Models. Renewable and Sustainable Energy Reviews, 136. DOI: https://doi.org/10.1016/j.rser.2020.110405 . Madaan, G., & Singh, S. (2019). An Analysis of Behavioral Biases In Investment Decision-Making. International Journal of Financial Research, 10(4), 55–67. DOI: DOI: https://doi.org/10.5430/ijfr.v10n4p55 . Ayaa, M. M., Peprah, W. K., Mensah, M. O., Owusu-Sekyere, A. B., & Daniel, B. (2022). Influence of Heuristic Techniques and Biases in Investment Decision-Making: A Conceptual Analysis and Directions for Future Research. International Journal of Academic Research in Business and Social Sciences, 12(5). DOI: https://doi.org/10.6007/ijarbss/v12-i5/13339 . Iram, T., Bilal, A. R., & Ahmad, Z. (2023). Investigating The Mediating Role of Financial Literacy on The Relationship Between Women Entrepreneurs’ Behavioral Biases and Investment Decision Making. Gadjah Mada International Journal of Business, 25(1), 93–118. DOI: https://doi.org/10.22146/gamaijb.65457 . Ojala, M., & Hallikas, J. (2006). Investment Decision-Making In Supplier Networks: Management Of Risk. International Journal of Production Economics, 104(1), 201–213. DOI: https://doi.org/10.1016/j.ijpe.2005.03.006 . Ogunlusi, O. E., & Obademi, O. (2021). The Impact of Behavioural Finance on Investment Decision-making: A Study of Selected Investment Banks in Nigeria. Global Business Review, 22(6), 1345–1361. DOI: https://doi.org/10.1177/0972150919851388 . |
Published
2023-12-31
Section
Articles
How to Cite
Besri, A. A. O., Husni, T., & Rahim, R. (2023). Pengaruh Financial Literacy, Religiusitas, Investment Knowledge terhadap Pengambilan Keputusan Investasi melalui Investment Intention sebagai Variabel Intervening. Jurnal Informatika Ekonomi Bisnis, 5(4), 1350-1354. https://doi.org/10.37034/infeb.v5i4.690
 This work is licensed under a Creative Commons Attribution 4.0 International License. |
