Dataset on determinants of intention and investment behaviour amongst young Indonesian millennials

• Published in: Data in brief Vol. 32; p. 106083
• Main Authors: Azizah, Ummu Salma Al, Mulyono, Herri
• Format: Journal Article
• Language: English
• Published: Elsevier Inc 01.10.2020; Elsevier
• Subjects: Economics, Econometrics and Finance; Financial literacy; Intention; Investment behaviour; Peer-influence; Self-control; Young millennials; Financial literacy; Intention; Self-control; Peer-influence; Young millennials; Investment behaviour
• ISSN: 2352-3409; 2352-3409
• DOI: 10.1016/j.dib.2020.106083

The dataset examines three factors (i.e. financial literacy, self-control, peer-influence) that influence investment behaviour amongst young Indonesian millennials. Using a non-probability sampling technique, a total of 265 young millennials attending Investment Gallery seminar and workshop events in Jakarta, Indonesia completed an investment behaviour survey. The reflective measurement was performed using the Partial Least Square Structural Equation Model (PLS-SEM) to the screened data from the survey (N = 213). The measurement includes the evaluation of outer loading, internal reliability, and convergent reliability. The final equation model was evaluated and estimated using SmartPLS v.3.3.2 program. The dataset is beneficial for companies seeking for potential investors from young millennials. The dataset also provides valuable insights for the Indonesian Ministry of Education and Culture (MoEC) and universities, particularly the faculty of economy and business in preparing their students with the financial literacy and investment knowledge.