Dampak Motivasi Investasi, Persepsi Resiko, Literasi dan Efikasi Keuangan Terhadap Minat Mahasiswa Berinvestasi Di Pasar Modal

Abstract

In an effort to grow the interest of student investment in the capital market. This research aims to find out the impact of investment motivation, risk perception, financial literacy and financial efficacy on students' interest in investing in capital markets. The study used primary data obtained from questionnaire results. The object in the study is an active student of Nahdlatul Ulama University Surabaya. The population of this study is 4.571 students. The sample selection technique used is Purposive Sampling so that it obtains a sample of 242 students who have attended seminars / training / investment courses or capital markets. This research uses a quantitative approach. The data was analyzed using SPSS version 25. The results of this study show that investment motivation and financial literacy have a positive impact while risk perception and financial efficacy have no impact on students' interest in investing in capital markets.

Determinants of Investment Intentions in Millennial Generation

“…The results of this study indicate that financial literacy has a significant positive effect on investment intentions, where respondents who know about good finance have an interest in investing and vice versa. This is in line with previous research by [9][10][11].…”

“…[1] stated that financial literacy affects investment intentions. This is in line with [9][10][11], which state that financial literacy has a positive and significant effect on investment intentions.…”

“…Risk is a condition that investors are usually afraid of. Risk perception is formed socially due of many factors which form the basis of differences in decision-making regarding the possibility of loss [10]. Perceived risk is a person's assessment of a risky situation; this assessment is highly dependent on the psychological characteristics and circumstances of the person.…”

The influence of islamic capital market literacy toward intention to invest in islamic capital market: Does risk perception mediate the relationship?

“…This statement is substantiated by empirical studies undertaken by Huang et al (2021), Rathee and Aggarwal (2022), Sang et al (2018), and (Hamid et al, 2019). In contrast to the research results, Wardani and Supiati (2020), Fitriani et al (2021), andHasanah et al, 2022 stated that risk perception did not influence investment intention. Furthermore, the primary contribution of this study is the inclusion of the risk perception variable as a mediating factor.…”

Keputusan Investasi Investor Pemula: Peran Literasi Keuangan, Persepsi Resiko Dan Overconfidance Dalam Mempengaruhi Keputusan Investasi Investor Pemula Di Lantai Bursa

“…Responden percaya bahwa dengan tingginya risiko investasi yang dihadapi, semakin besar imbal hasil yang dapat diperoleh. Responden Perilaku tersebut senada dalam teori prospek dimana perilaku manusia dalam hal ini investor di pasar modal dipengaruhi oleh faktor psikologi seperti emosional, kesukaan dan faktor ekonomi yang sangat mempengaruhi manusia dalam proses pengambilan keputusannya (Wahyuningtyas et al, 2022). Responden telah mengidentifikasi risiko berdasarkan kemampuan mereka, yang memungkinkan mereka untuk memahami sejauh mana tingkat risiko yang dapat mereka terima atau rasakan untuk membuat keputusan dalam berinvestasi yang lebih baik.…”