Millennials’ Investment Decision in Capital Market Investment With Financial Behavior as An Intervening Variable
This study aims to analyze the influence of financial literacy, financial experience, financial self-efficacy and risk tolerance on investment decisions mediated by financial behavior. The population in this study were local individual investors in the Indonesian Capital Market. Sample selection in...
Saved in:
Published in | Riset akuntansi dan keuangan Indonesia Vol. 7; no. 3; pp. 355 - 375 |
---|---|
Main Authors | , , , |
Format | Journal Article |
Language | English |
Published |
08.04.2023
|
Online Access | Get full text |
Cover
Loading…
Abstract | This study aims to analyze the influence of financial literacy, financial experience, financial self-efficacy and risk tolerance on investment decisions mediated by financial behavior. The population in this study were local individual investors in the Indonesian Capital Market. Sample selection in this study was carried out using purposive sampling techniques. The sample used in this study was 300 samples. The data analysis techniques used in this study are descriptive statistical analysis, instrument testing, classical assumption test, multiple linear regression analysis, model fit test, and hypothesis test. The results of the study show that financial literacy, financial experience and financial self-efficacy have a positive effect on financial behavior. Risk tolerance does not have a positive impact on financial behavior. Financial literacy, financial self-efficacy, risk tolerance and financial behavior positively influence investment decisions. Financial experience has no positive effect on investment decisions. Financial behavior has proven to be able to mediate the influence of financial literacy, financial experience and financial self-efficacy on investment decisions. Financial behavior has proven unable to mediate the effect of risk tolerance on investment decisions. |
---|---|
AbstractList | This study aims to analyze the influence of financial literacy, financial experience, financial self-efficacy and risk tolerance on investment decisions mediated by financial behavior. The population in this study were local individual investors in the Indonesian Capital Market. Sample selection in this study was carried out using purposive sampling techniques. The sample used in this study was 300 samples. The data analysis techniques used in this study are descriptive statistical analysis, instrument testing, classical assumption test, multiple linear regression analysis, model fit test, and hypothesis test. The results of the study show that financial literacy, financial experience and financial self-efficacy have a positive effect on financial behavior. Risk tolerance does not have a positive impact on financial behavior. Financial literacy, financial self-efficacy, risk tolerance and financial behavior positively influence investment decisions. Financial experience has no positive effect on investment decisions. Financial behavior has proven to be able to mediate the influence of financial literacy, financial experience and financial self-efficacy on investment decisions. Financial behavior has proven unable to mediate the effect of risk tolerance on investment decisions. |
Author | Fitriati, Azmi Widhiandono, Hengky Ramadani, Arienda Gitty Tubastuvi, Naelati |
Author_xml | – sequence: 1 givenname: Arienda Gitty surname: Ramadani fullname: Ramadani, Arienda Gitty – sequence: 2 givenname: Naelati orcidid: 0000-0001-7625-2384 surname: Tubastuvi fullname: Tubastuvi, Naelati – sequence: 3 givenname: Azmi surname: Fitriati fullname: Fitriati, Azmi – sequence: 4 givenname: Hengky surname: Widhiandono fullname: Widhiandono, Hengky |
BookMark | eNqdjz1Ow0AQhVcoSJiQC1DtBWJ27HWMSwhEoUiHQrmaWBMyymYc7a4s0XENrsdJMIGCmuq94v3ou1Qj6YSUugaTF2UD9U0g3EfO-5rLvIBZZc5UVlQWpjMAGKkMLAy-AnOhJjHyxlhb39qmajIVVuw9iTD6-Pn-oZ-kp5gOJEk_UMuRO9Eseo5HTuj1CsOe0t_UC6edXrCgtMOGvqcd9twFjVHfyRBMFHoSlle9xsC48XSlzrfDG01-dayKxePzfDltQxdjoK07Bj5geHNg3AnQ_QC6b0B3Aiz_VfoCNZphfg |
ContentType | Journal Article |
DBID | AAYXX CITATION |
DOI | 10.23917/reaksi.v7i3.21650 |
DatabaseName | CrossRef |
DatabaseTitle | CrossRef |
DatabaseTitleList | CrossRef |
DeliveryMethod | fulltext_linktorsrc |
Discipline | Business |
EISSN | 2541-6111 |
EndPage | 375 |
ExternalDocumentID | 10_23917_reaksi_v7i3_21650 |
GroupedDBID | AAYXX ADBBV ALMA_UNASSIGNED_HOLDINGS BCNDV CITATION GROUPED_DOAJ |
ID | FETCH-crossref_primary_10_23917_reaksi_v7i3_216503 |
ISSN | 1411-6510 |
IngestDate | Fri Aug 23 02:35:51 EDT 2024 |
IsPeerReviewed | true |
IsScholarly | true |
Issue | 3 |
Language | English |
LinkModel | OpenURL |
MergedId | FETCHMERGED-crossref_primary_10_23917_reaksi_v7i3_216503 |
ORCID | 0000-0001-7625-2384 |
ParticipantIDs | crossref_primary_10_23917_reaksi_v7i3_21650 |
PublicationCentury | 2000 |
PublicationDate | 2023-04-08 |
PublicationDateYYYYMMDD | 2023-04-08 |
PublicationDate_xml | – month: 04 year: 2023 text: 2023-04-08 day: 08 |
PublicationDecade | 2020 |
PublicationTitle | Riset akuntansi dan keuangan Indonesia |
PublicationYear | 2023 |
SSID | ssib044784959 ssib044759819 ssj0002087872 |
Score | 4.518177 |
Snippet | This study aims to analyze the influence of financial literacy, financial experience, financial self-efficacy and risk tolerance on investment decisions... |
SourceID | crossref |
SourceType | Aggregation Database |
StartPage | 355 |
Title | Millennials’ Investment Decision in Capital Market Investment With Financial Behavior as An Intervening Variable |
Volume | 7 |
hasFullText | 1 |
inHoldings | 1 |
isFullTextHit | |
isPrint | |
link | http://utb.summon.serialssolutions.com/2.0.0/link/0/eLvHCXMwnV1Ja9wwFBbTFEovJelC2yzokNvgaWyNFx2HNAuB5BCmTW5GjjSpMkSUGTuQHEr_Rv9Tf0V-SZ-eLI9IU8j0YjxC82z8Pt6mtxCyDUZ0DHoli6xxEA0vwE_hKU-jCainhFVZkVa23vn4JDv8Mjw6T897vd9B1lJTV4OLu0frSv6Hq7AGfLVVsktwtiMKC3AP_IUrcBiuT-IxFvIZYx_kkxZ42zkDz_g_twN0sLRP4HwQLM5RdbjrzIZi97vOG23HxJmdQONDhiARbUjhKzjWttQqtGhP9dyGjaeNATNzrvsSBMZUNcJcCvtnaWcB6E72n4prId0Yqf7ItliWon-g67oL7I8b0Kt1c6Od6MdUvQ5j2s4YcfkHo7vrbv1My2-AcunGiIMmNZfT2zCckTDMggkl8DCOoyxtc10VroETC2teKrdiOw_QyQIRzFzb31abMzeX5aGiSBjH9lJgmE_nenCTazZI4izdWahFnwrwQFt2OYzgPSGV0tEoLY0SaTwjz5OcpzYUcPxjz0s37KxYLJrnwe9i6Dv7XOGRcAHSE4_n_TdwVV74mE9_vWpgSQUm0XiVvGp9GTpywFwjPWVekxe-lOINmQX4vP_5iy4wRz0yqTa0RSZ1yAx3WWTSDpnUI5OKOR0ZGiCTemS-Jcn-3nj3MPLvXH537VTKf39I9o6sGIDpe0L5RMpMyVTlnIPNL6qcK8YKwXdA009U_IH0lyD8cand6-TlAqkbZKWeNWoTTNG62sIQzhby-Q_vtpKl |
link.rule.ids | 315,786,790,870,27957,27958 |
linkProvider | ISSN International Centre |
openUrl | ctx_ver=Z39.88-2004&ctx_enc=info%3Aofi%2Fenc%3AUTF-8&rfr_id=info%3Asid%2Fsummon.serialssolutions.com&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=article&rft.atitle=Millennials%E2%80%99+Investment+Decision+in+Capital+Market+Investment+With+Financial+Behavior+as+An+Intervening+Variable&rft.jtitle=Riset+akuntansi+dan+keuangan+Indonesia&rft.au=Ramadani%2C+Arienda+Gitty&rft.au=Tubastuvi%2C+Naelati&rft.au=Fitriati%2C+Azmi&rft.au=Widhiandono%2C+Hengky&rft.date=2023-04-08&rft.issn=1411-6510&rft.eissn=2541-6111&rft.volume=7&rft.issue=3&rft.spage=355&rft.epage=375&rft_id=info:doi/10.23917%2Freaksi.v7i3.21650&rft.externalDBID=n%2Fa&rft.externalDocID=10_23917_reaksi_v7i3_21650 |
thumbnail_l | http://covers-cdn.summon.serialssolutions.com/index.aspx?isbn=/lc.gif&issn=1411-6510&client=summon |
thumbnail_m | http://covers-cdn.summon.serialssolutions.com/index.aspx?isbn=/mc.gif&issn=1411-6510&client=summon |
thumbnail_s | http://covers-cdn.summon.serialssolutions.com/index.aspx?isbn=/sc.gif&issn=1411-6510&client=summon |