Investors' Trust and Risk Perception Using the Investment Platform: A Gender Perspective

Abstract

The development of the technology in financial sector has become opportunities for online trading platform developers, especially in investment. This is a form of encouragement from manual transactions transformation towards digital. The Financial Services Authority stated that of many websites and online investment platforms did not get permission from the them. This will has impacts on the risks that will be carried by the people who use it. On the other hand, as the development of online investment platforms grows because of COVID, the impact is that more people carry out online investment transactions to earn profits that is now mainly dominated by male society. Many perspectives associating the gender gap, such as the risky decision-making level and the perspective of women's trust level in using low investment platforms. Therefore, this study aims to test out perceived trust and risk of using online investment platforms from gender perspective. Thus, this research can be a review from educational institutions or the investor community in Indonesia to encourage women's participation in improving the economy in Indonesia through trading. This research uses clause method by looking at the causality of independent and dependent variable. The data collection technique uses survey by sending google form links to investors' communities on social media. The results of the survey were checked for reliability and validity prior to multigroup analysis using SmartPLS. The results showed that gender was not able to moderate the effect of perceived trust and perceived risk on the intention to use online investment platforms.

The Influence of Subjective Norms, Financial Literacy, Trust, and Government Regulation on Behavioral Intention to Invest in Crypto Assets

“…Men have moderate confidence in investing in this crypto asset, while women have strong confidence, according to research. This result contradicts several previous studies (Astika & Sari, 2019;Kayani et al, 2021;Oliveira et al, 2017;Senkardes & Akadur, 2021;Yang et al, 2021;Zamzami, 2021). Women today are courageous enough to make risky investments.…”

“…Gender does not moderate the relationship between beliefs and behavioral intentions, according to other studies. (Kayani et al, 2021;Yang et al, 2021;Zamzami, 2021) discovered no difference in men's and women's beliefs about having behavioral intentions in his study. Based on the explanation above, the researcher proposes the following hypothesis:…”

“…Due to their investment experience and knowledge, women can now dispel the stereotype that they are only interested in low-risk investments. Their trust increases because the services of the exchange and the cryptocurrency itself are transparent, secure, and able to maintain their privacy (Oliveira et al, 2017;Zamzami, 2021).…”

The Influence of Subjective Norms, Financial Literacy, Trust, and Government Regulation on Behavioral Intention to Invest in Cryptocurrency

“…According to Wang, Keller, and Siegrist (as cited by Oliveira et al, 2017), based on gender, women prefer investments in the form of art, antiques, or gold and silver, which have less risk than investments made by men, such as stocks, houses, land, or, in this study, investment in crypto assets. Gender does not moderate the relationship between beliefs and behavioral intentions, according to other studies, which found no differences in men's and women's beliefs about their behavioral intentions (Kayani et al, 2021;Yang et al, 2021;Zamzami, 2021). Based on the explanation above, the researcher proposes the following hypothesis:…”

Internet Users’ Perception of the Prevalence of Online Investment Fraud and Victimisation in Nigeria

“…Additionally, it explores participants' psychological dispositions, delineating traits that may render individuals more prone to fraudulent schemes, such as trustfulness, juxtaposed with protective attributes like reflectiveness. Zamzami (2021) explored the usage intensity of online investment platforms during the Covid-19 pandemic, focusing on perceived trust and risk. Employing the clause method, the study conducted online surveys within investor communities in Java Island.…”