RATIONALITY OF STUDENTS IN INVESTING
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Aug 31, 2023
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Abstract
This research aims to assess rational or irrationalstudent investment decision actions throughthe influence of financial literacy, socio-economic factors and financial technology students of the Faculty of Economics and Business, State University of Malang on investment decisions.This study used students of the Faculty of Economics and Business, State University of Malang class of 2019 as the population using the purposive sampling method so that 110 samples were obtained. Data collection techniques in this study used a Google form questionnaire. The collected data were analyzed using the path analysis method with SmartPLS software. The results of the analysis show that financial literacy and socio-economic factors have a significant effect on investment decisions, while financial technology has no effect on investment decisions.
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WIDYANINGRUM, Ajeng Sekar; MUKHLIS, Imam.
RATIONALITY OF STUDENTS IN INVESTING.
Proceedings of the International Conference of Islamic Economics and Business (ICONIES), [S.l.], v. 9, n. 1, p. 957-968, aug. 2023.
ISSN 2541-3333.
Available at: <http://conferences.uin-malang.ac.id/index.php/iconies/article/view/2333>. Date accessed: 02 may 2024.
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References
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Al Arif, N., & Imsar. (2022). Analysis of the Effectiveness of Distribution of Zakat Funds by BAZNAS Langkat Regency in 2020. Islamic Economics, 13(1), 42–51.
Atmaningrum., Siska., Kanto, DS, & Kisman, Z. (2021). Investment Decision: The Results Of Knowledge. Income, And Self-Control, Journal Of Economics And Business, 4(1), 100-112.
Ariani, S., Rahmah, PAAA, Putri, YR, Rohmah, M., Budiningrum, A., & Lutfi, L. (2016). The Influence of Financial Literacy, Locus Of Control, And Ethnicity To Making Investment Decisions. Journal Of Business & Banking, 5(2), 257. Https://Doi.Org/10.14414/Jbb.V5i2.706
Darmayanti, NPA, Wiagustini, NLP, Sri Artini, LG, & Rika Candraningrat, I. (2022). Revisiting Investor Behavior In Risky Investment Decision Making. Journal of Minds: Management of Ideas and Inspiration, 9(1), 1–18. Https://Doi.Org/10.24252/Minds.V9i1.26690
Fadila, N., Goso, G., Hamid, RS, & Ukkas, I. (2022). The Influence of Financial Literacy, Financial Technology, Perceived Risk, and Locus of Control on Young Entrepreneurs' Investment Decisions. Owner, 6(2), 1633–1643. https://Doi.Org/10.33395/Owner.V6i2.789
Fitriasuri, F., & Simanjuntak, RMA (2022). The Effect of Investment Knowledge, Motivational Benefits, and Minimum Investment Capital on Investment Decisions in the Capital Market. Owners, 6(4), 3333–3343.https://Doi.Org/10.33395/Owner.V6i4.1186
Ikram, Z. (2016). An Empirical Investigation On Behavioral Determinants, Impact On Investment Decision Making, Moderating Role Of Locus Of Control. Journal Of Poverty, Investment And Development, 26, 44–50.Https://Core.Ac.Uk/Download/Pdf/234695651.Pdf
Junianto, Y., & Kohardinata, C. (2021). Financial Literacy Effect And Fintech In Investment Decision Making. Primanomics : Journal of Economics & Business, 19(1), 168. Https://Doi.Org/10.31253/Pe.V19i1.515
Kusumahadi, TA, & Utami, N. (2022). Financial Technology, Financial Literacy, and Investment Decisions on Mutual Fund Products in Indonesia. Maranatha Journal of Management, 21(2), 177–186. https://Doi.Org/10.28932/Jmm.V21i2.4631
Landang, RD, Widnyana, IW, & Sukadana, IW (2021). The Influence of Financial Literacy, Financial Behavior and Income on Investment Decisions of Students of the Faculty of Economics, Mahasaraswati University, Denpasar. Golden Journal, 2(2), 51–70.
Lestari, M., Pangestuti, DC, Fadila, A., Paper, R., Economics, F., University, B., Development, N., & Jakarta, N. (2022). Analysis of Financial Literacy, Income and Perceived Risk on Investment Decisions and Financial Behavior as Intervening Variables Accuracy 33. Journal of Research and Accounting, 4(1), 33–46. Https://Doi.Org/10.36407/Akurasi.V4i1.602
Maheran, N., Muhammad, N., & Mara, UT (2009). Behavioral Finance Vs Traditional Finance. 2(6), 1–10.
OJK. (2022). National Survey of Financial Literacy and Inclusion in 2022. Https://Ojk.Go.Id/Id/Berita-Dan-Kegiatan/Siaran-Pers/Pages/Survei-Nasional-Literasi-Dan-Inclusion-Keuangan-Tahun-2022.Aspx
Prasad, S., Kiran, R., & Sharma, RK (2021). Behavioral, Socio-Economic Factors, Financial Literacy And Investment Decisions: Are Men More Rational And Women More Emotional? The Indian Economic Journal, 69(1), 66–87.Https://Doi.Org/10.1177/0019466220987023
Utami, N., & Sitanggang, ML (2023). Financial Technology Against Interest in Investing During the Covid19 Pandemic. 1(1), 12–21.
Widayat. (2010). Determinants of Investing Behavior. Economics-Business, 1(2), 111–128.