Exploring the Factors Shaping Investment Decisions
Insights from Financial Literacy, Financial Behavior, and Income among Lecturers at the Faculty of Economics and Business, University of Jambi
DOI:
https://doi.org/10.38035/dijefa.v4i3.1958Keywords:
Financial Literacy, Financial Behavior, Income, Investment DecisionsAbstract
This study aims to examine the effect of financial literacy and income on investment decisions mediated by financial behavior. This study uses secondary data by distributing questionnaires to lecturers at the Faculty of Economics and Business, Jambi University. The data is processed using the smart PLS application to test the effect of each variable. The results of this study found that financial literacy and financial behavior have a significant positive effect on investment decisions, and income has a negative effect on investment decisions. Financial literacy has a significant positive effect on financial behavior, income has a non-significant positive effect on financial behavior. The financial treatment variable can mediate the relationship between financial literacy and investment decisions
References
Dewi, I. M., & Purbawangsa, I. B. A. (2018). Pengaruh literasi keuangan, pendapatan serta masa bekerja terhadap perilaku keputusan investasi. E-Jurnal Ekonomi dan Bisnis Universitas Udayana, 7(7), 1867-1894
Fitriaty, F., Amin, S., & Saputra, M. H. (2023). The Impacts of Education Level on Financial Literacy and Financial Behaviours: The Case of Women Entrepreneurs. Edukasi: Jurnal Pendidikan dan Pengajaran, 10(1), 6-17.
Gangi, F., Meles, A., D'Angelo, E., & Daniele, L. M. (2019). Sustainable development and corporate governance in the financial system: are environmentally friendly banks less risky?. Corporate Social Responsibility and Environmental Management, 26(3), 529-547
Hair, J. F., Risher, J. J., Sarstedt, M., & Ringle, C. M. (2019). When to use and how to report the results of PLS-SEM. European business review, 31(1), 2-24..
Justyanita, J., & Agustin, I. N. (2022). Analisis Dampak Perilaku Keuangan Terhadap Keputusan Investasi Cryptocurrencies pada Generasi Milenial di Indonesia. Jurnal Ilmiah Poli Bisnis, 177-190.
Kumala, A. N., & Susanti. (2019). Pengaruh Pembelajaran Manajemen Keuangan, Literasi Keuangan, dan Risk Finance Terhadap Perilaku Berinvestasi Mahasiswa Fakultas Ekonomi Universitas Negeri Surabaya. Jurnal Pendidikan Akuntansi. Vol 07, No. 02, 07(02), 197–203.
Loprang, W. R., Saerang, I. S., & Lintong, D. C. A. (2022). Pengaruh Literasi Keuangan Dan Efikasi Keuangan Terhadap Keputusan Investasi Masyarakat Malalayang Dua Lingkungan Dua. Jurnal EMBA: Jurnal Riset Ekonomi, Manajemen, Bisnis dan Akuntansi, 10(1), 1295-1304.
Lusardi, A., & Mitchell, O. S. (2013). The economic importance of financial literacy: Theory and evidence (Working Paper No. 18952). National Bureau of Economic Research.
Nofsinger, J. R. (2005). Social mood and financial economics. The Journal of Behavioral Finance, 6(3), 144-160.
Rai, K., Dua, S., & Yadav, M. (2019). Association of financial attitude, financial behaviour and financial knowledge towards financial literacy: A structural equation modeling approach. FIIB Business Review, 8(1), 51-60
Ricciardi, V. & Simon, H. K. (2000). What is Behavioral Finance?. Business,. Education and Technology Journal
Safryani, U., Aziz, A., & Triwahyuningtyas, N. (2020). Analisis literasi keuangan, perilaku keuangan, dan pendapatan terhadap keputusan investasi. Jurnal Ilmiah Akuntansi Kesatuan, 8(3), 319-332.
Saputra, M. H. (2021). Pengaruh Tulisan Peringatan Kesehatan “Health Warning” Di Kemasan Pringles Terhadap Keputusan Pembelian Konsumen. Ekonomia, 11(2), 38-43.
Smith, G. L., Banegas, M. P., Acquati, C., Chang, S., Chino, F., Conti, R. M., ... & Yabroff, K. R. (2022). Navigating financial toxicity in patients with cancer: a multidisciplinary management approach. CA: a cancer journal for clinicians, 72(5), 437-453.
Swiecka, B., Ye?ilda?, E., Özen, E., & Grima, S. (2020). Financial literacy: The case of Poland. Sustainability, 12(2), 700.
Upadana, I. W. Y. A., & Herawati, N. T. (2020). Pengaruh literasi keuangan dan perilaku keuangan terhadap keputusan investasi mahasiswa. Jurnal Ilmiah Akuntansi Dan Humanika, 10(2), 126-135.
Wendy, W. (2021). Efek interaksi literasi keuangan dalam keputusan investasi: pengujian bias-bias psikologi. Jurnal Ekonomi Bisnis Dan Kewirausahaan, 10(1), 36-54.
Wahyuni, R. A. E. (2020). Strategy Of Illegal Technology Financial Management In Form Of Online Loans. Jurnal Hukum Prasada, 7(1), 27-33.
Fitriaty, F., Amin, S., & Saputra, M. H. (2023). The Impacts of Education Level on Financial Literacy and Financial Behaviours: The Case of Women Entrepreneurs. Edukasi: Jurnal Pendidikan dan Pengajaran, 10(1), 6-17.
Gangi, F., Meles, A., D'Angelo, E., & Daniele, L. M. (2019). Sustainable development and corporate governance in the financial system: are environmentally friendly banks less risky?. Corporate Social Responsibility and Environmental Management, 26(3), 529-547
Hair, J. F., Risher, J. J., Sarstedt, M., & Ringle, C. M. (2019). When to use and how to report the results of PLS-SEM. European business review, 31(1), 2-24..
Justyanita, J., & Agustin, I. N. (2022). Analisis Dampak Perilaku Keuangan Terhadap Keputusan Investasi Cryptocurrencies pada Generasi Milenial di Indonesia. Jurnal Ilmiah Poli Bisnis, 177-190.
Kumala, A. N., & Susanti. (2019). Pengaruh Pembelajaran Manajemen Keuangan, Literasi Keuangan, dan Risk Finance Terhadap Perilaku Berinvestasi Mahasiswa Fakultas Ekonomi Universitas Negeri Surabaya. Jurnal Pendidikan Akuntansi. Vol 07, No. 02, 07(02), 197–203.
Loprang, W. R., Saerang, I. S., & Lintong, D. C. A. (2022). Pengaruh Literasi Keuangan Dan Efikasi Keuangan Terhadap Keputusan Investasi Masyarakat Malalayang Dua Lingkungan Dua. Jurnal EMBA: Jurnal Riset Ekonomi, Manajemen, Bisnis dan Akuntansi, 10(1), 1295-1304.
Lusardi, A., & Mitchell, O. S. (2013). The economic importance of financial literacy: Theory and evidence (Working Paper No. 18952). National Bureau of Economic Research.
Nofsinger, J. R. (2005). Social mood and financial economics. The Journal of Behavioral Finance, 6(3), 144-160.
Rai, K., Dua, S., & Yadav, M. (2019). Association of financial attitude, financial behaviour and financial knowledge towards financial literacy: A structural equation modeling approach. FIIB Business Review, 8(1), 51-60
Ricciardi, V. & Simon, H. K. (2000). What is Behavioral Finance?. Business,. Education and Technology Journal
Safryani, U., Aziz, A., & Triwahyuningtyas, N. (2020). Analisis literasi keuangan, perilaku keuangan, dan pendapatan terhadap keputusan investasi. Jurnal Ilmiah Akuntansi Kesatuan, 8(3), 319-332.
Saputra, M. H. (2021). Pengaruh Tulisan Peringatan Kesehatan “Health Warning” Di Kemasan Pringles Terhadap Keputusan Pembelian Konsumen. Ekonomia, 11(2), 38-43.
Smith, G. L., Banegas, M. P., Acquati, C., Chang, S., Chino, F., Conti, R. M., ... & Yabroff, K. R. (2022). Navigating financial toxicity in patients with cancer: a multidisciplinary management approach. CA: a cancer journal for clinicians, 72(5), 437-453.
Swiecka, B., Ye?ilda?, E., Özen, E., & Grima, S. (2020). Financial literacy: The case of Poland. Sustainability, 12(2), 700.
Upadana, I. W. Y. A., & Herawati, N. T. (2020). Pengaruh literasi keuangan dan perilaku keuangan terhadap keputusan investasi mahasiswa. Jurnal Ilmiah Akuntansi Dan Humanika, 10(2), 126-135.
Wendy, W. (2021). Efek interaksi literasi keuangan dalam keputusan investasi: pengujian bias-bias psikologi. Jurnal Ekonomi Bisnis Dan Kewirausahaan, 10(1), 36-54.
Wahyuni, R. A. E. (2020). Strategy Of Illegal Technology Financial Management In Form Of Online Loans. Jurnal Hukum Prasada, 7(1), 27-33.
Downloads
Published
2023-07-20
Issue
Section
Articles
License
Authors who publish their manuscripts in this journal agree to the following conditions:
- The copyright on each article belongs to the author(s).
- The author acknowledges that the Dinasti International Journal of Economics, Finance & Accounting (DIJEFA) has the right to be the first to publish with a Creative Commons Attribution 4.0 International license (Attribution 4.0 International (CC BY 4.0).
- Authors can submit articles separately, arrange for the non-exclusive distribution of manuscripts that have been published in this journal into other versions (e.g., sent to the author's institutional repository, publication into books, etc.), by acknowledging that the manuscript has been published for the first time in the Dinasti International Journal of Economics, Finance & Accounting (DIJEFA).
