Financial Literacy, Financial Behavior and Financial Attitudes Towards Investment Decisions and Firm Bankruptcy

DM, Rustan

doi:10.57178/atestasi.v4i1.167

Cited by 2 publications

(2 citation statements)

References 1 publication

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“…Similar results were reported by (Ramadani et al, 2022) indicating that financial literacy has a positive impact on investment decisions. Likewise, also (Rustan DM, 2021) stated that financial literacy has a positive and significant influence on investment decisions.…”

Section: H2: Income Affects Financial Behaviormentioning

confidence: 99%

“…Financial behavior plays a crucial role when making investment decisions, where an individual's psychological aspects affect the investment choices made (Putri, 2021). (Rustan DM, 2021) research showed that financial behavior significantly and positively influences investment decisions. This implies that financial behavior combines financial theory with economic and psychological laws.…”

Section: H3: Financial Literacy Influences Investment Decisionsmentioning

confidence: 99%

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Financial Factors to Investment Decisions: The Mediating Role of Financial Behavior

Silfiani,

Senastri Dahlan

2023

JISS

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This study aims to investigate and analyze the influence of financial literacy, risk perception, and income on investment decisions through financial behavior as a mediating variable. The sampling technique employed in this research is non-probability sampling using the purposive sampling method. The sample consists of 223 respondents from generations X, Y, and Z in the Tangerang region who have previously made investments. The analysis method used is Partial Least Squares Structural Equation Modeling (PLS-SEM). The research findings indicate that financial literacy and income influence financial behavior. However, financial literacy and income do not directly impact investment decisions. Risk perception and financial behavior affect investment decisions. Income affects financial literacy. Financial behavior mediates the influence of financial literacy on investment decisions, and financial behavior also mediates the influence of income on investment decisions

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Section: H2: Income Affects Financial Behaviormentioning

confidence: 99%

Section: H3: Financial Literacy Influences Investment Decisionsmentioning

confidence: 99%

Financial Factors to Investment Decisions: The Mediating Role of Financial Behavior

Silfiani,

Senastri Dahlan

2023

JISS

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Impact of financial literacy, mental budgeting and self control on financial wellbeing: Mediating impact of investment decision making

Bai

2023

PLoS ONE

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The topic of financial wellbeing is a current concern within the realm of personal and household finance. This study aims to examine the influence of cognitive factors, specifically financial literacy, mental budgeting, and self-control, on subjective financial wellbeing. While there exist multiple determinants of financial wellbeing, this research focuses on these particular cognitive factors. The present study aims to examine the mediating role of investment decision-making behavior in the association between cognitive factors and financial well-being. The study employed Partial Least Squares Structural Equation Modeling (PLS-SEM) to analyze the data collected from a sample of 449 Chinese university students, with the aim of assessing the empirical associations. The results indicate that financial literacy, mental budgeting, and self-control exert a favorable and noteworthy influence on an individual’s financial well-being. The results indicate that individuals with a greater degree of financial literacy are more prone to achieving superior financial well-being. Moreover, individuals who practice mental budgeting, a technique that entails mentally classifying and monitoring their expenditures, demonstrate elevated levels of financial well-being. Likewise, the exercise of self-regulation is identified as a pivotal element that impacts an individual’s financial wellbeing. The findings indicate that there is evidence to support the mediator, investment decision-making behavior. This mediator partially mediates the association between the independent variables, namely financial literacy, mental budgeting, and self-control, and financial well-being. The results suggest that individuals with elevated levels of financial literacy, proficient mental budgeting skills, and self-regulatory abilities are inclined towards demonstrating favorable investment decision-making conduct. Consequently, this contributes to their general financial welfare. In general, the study’s theoretical implications augment the current knowledge repository, while its practical implications provide feasible perspectives for policymakers, financial institutions, and individuals to foster financial wellness and enhance financial results.

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Financial Literacy, Financial Behavior and Financial Attitudes Towards Investment Decisions and Firm Bankruptcy

Cited by 2 publications

References 1 publication

Financial Factors to Investment Decisions: The Mediating Role of Financial Behavior

Financial Factors to Investment Decisions: The Mediating Role of Financial Behavior

Impact of financial literacy, mental budgeting and self control on financial wellbeing: Mediating impact of investment decision making

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