HUBUNGAN KAUSAL ANTARA LITERASI KEUANGAN, FAKTOR DEMOGRAFI, PERILAKU KEUANGAN, DAN KEPUTUSAN INVESTASI

Authors

  • Desi Ratnasari UPN Veteran Yogyakarta
  • Sadeli Sadeli Program Studi Ilmu Administrasi Bisnis, Universitas Pembangunan Nasional Veteran Yogyakarta
  • Meilan Sugiarto Program Studi Ilmu Administrasi Bisnis, Universitas Pembangunan Nasional Veteran Yogyakarta
  • Rosalia Dwi Fadma Tj Program Studi Ilmu Administrasi Bisnis, Universitas Pembangunan Nasional Veteran Yogyakarta

DOI:

https://doi.org/10.31315/paradigma.v28i1.11550

Keywords:

financial literacy, demographic factors, financial behavior, investment decisions

Abstract

The focus of this study is to analyze the effect of financial literacy and demographic factors on financial behavior and its impact on investment decisions. This study uses a quantitative approach, where the influence between research variables is analyze with Warp PLS. Data collection instruments use questionnaires that are distributed online using google form. The study population is members of the beginner stock investor community in the Yogyakarta region. Purposive sampling is use to determine population members who can be research samples. The number of samples used was 86 people. Based on the results of research shows that financial literacy and demographic factors have a positive and significant impact on financial behavior, as well as investment decisions. Furthermore, financial behavior has a positive and significant impact on investment decisions. Financial literacy and demographic factors when mediated by financial behavior have a positive but insignificant effect on investment decisions. The results of this study indicate an increase in financial literacy, maturity in the demographic factors of novice stock investors, and with good financial behavior can directly determine investment decisions. Subsequent research can consider the impact of investment risks or reference groups on financial behavior and investment decisions.

 

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Published

2024-01-31

How to Cite

Ratnasari, D., Sadeli, S., Sugiarto, M., & Fadma Tj, R. D. (2024). HUBUNGAN KAUSAL ANTARA LITERASI KEUANGAN, FAKTOR DEMOGRAFI, PERILAKU KEUANGAN, DAN KEPUTUSAN INVESTASI. Paradigma: Jurnal Masalah Sosial, Politik, Dan Kebijakan, 28(1), 91–107. https://doi.org/10.31315/paradigma.v28i1.11550

Issue

Vol. 28 No. 1 (2024): January 2024

Section

Business Administration

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