The Effect of Financial Self-Efficacy on Student Investment Interest Mediated by Financial Literacy
Article Sidebar
Published
Aug 29, 2023
Main Article Content
Abstract
Along with the development of the capital market in Indonesia also continues to grow. An increase in the number of investors in the capital market marks this. Generation Z and millennials dominate the growth of investors in the capital market. However, the education history of investors with the last bachelor's degree is less than those with an equivalent high school education history. This study aims to determine what factors will increase student investment interest in the capital market. This study uses quantitative methods with an associate's approach. This study hypothesizes that there is an influence between financial self-efficacy on investment interest and financial literacy, there is an influence of financial literacy on investment interest. Financial literacy can mediate financial self-efficacy with investment interest.
Article Details
Section
Articles
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
References
Aini, N., Maslichah, Junaidi. (2019). Pengaruh Pengetahuan dan Pemahaman Investasi, Modal Minimum Investasi, Return, Resiko, dan Motivasi Investasi Terhadap Minat Mahasiswa Berinvestasi di Pasar Modal (Studi Pada Mahasiswa Fakultas Ekonomi dan Bisnis Kota Malang). e-JRA : e-Jurnal Ilmiah Riset Akuntansi, 8(5). https://Jim.unisma.ac.id/index.php/jra/article/view/4066
Ajzen, I. (1991). The theory of planned behavior. Organizational Behavior and Human Decision Processes, 50(2), 179–211. https://doi.org/10.1016/0749-5978(91)90020-T
Amela, Wan Rizca., Lubis, Andre Hasudungan., & Sabrina, Hesti. (2019). Penggunaan Theory of Planned Behavior Untuk Menganalisis Niat Perilaku Milenial Dalam Belanja Daring Melalui Aplikasi Instagram. JBMI Jurnal Bisnis, Manajemen, dan Informatika 15 November 2022 dari https://doi.org/10.26487/jbmi.v16i2.7671
Budiman, J., & Marvina, J. (2021). Analisa Pengaruh Financial Attitude, Financial Behavior, Financial Knowledge, Financial Anxiety dan Self-Efficacy terhadap Financial Literacy di Kota Batam. Conference on Management, Business, Innovation, Education, and Social Sciences (CoMBInES). https://journal.uib.ac.id/index.php/combines/article/view/4747
Burhanudin, B., Siti, A. H., & Bintang, M. P. S. (2021). Pengaruh pengetahuan investasi, manfaat investasi, motivasi investasi, modal minimal investasi dan return investasi terhadap minat investasi di pasar modal (Studi pada mahasiswa fakultas ekonomi dan bisnis universitas Mataram). Jurnal Distribusi. 9(1), 15-28. http://eprints.unram.ac.id/id/eprint/31801
Faidah, F. (2019). Pengaruh literasi keuangan dan faktor demografi terhadap minat investasi mahasiswa. Journal of Applied Business and Economics. 5(3). http://dx.doi.org/10.30998/jabe.v5i3.3484
Fajriyah, I. L., & Listiadi, A. (2021). Pengaruh uang saku dan pendidikan keuangan keluarga terhadap penge lolaan keuangan pribadi melalui literasi keuangan sebagai intervening. INOVASI: Jurnal Ekonomi, Keuangan dan Manajemen. 17(1), 61–72. https://doi.org/10.30872/jinv.v17i1.9176
Fitriyah, L. A. (2019). Menanamkan Efikasi Diri dan Kestabilan Emosi. Jombang: LPPM Unhasy Tebuireng Jombang.
Irawati, A., Putra, D., Swissia, P. (2022). Dampak Inklusi Keuangan Terhadap Literasi Keuangan dan Financial Technology di IBB Darmajaya. PROSIDING : Seminar Nasional Darmajaya. https://jurnal.darmajaya.ac.id/index.php/PSND/article/view/3250.
Kaja, L. D., Angi, Y. F., & Tungga, C. (2022). Pengaruh Ekspektasi Return, Persepsi Risiko, Dan Self Efficacy Terhadap Minat Investasi Saham Pada Mahasiswa Program Studi Akuntansi Fakultas Ekonomi Dan Conference on Economic. https://jurnal.widyagama.ac.id/index.php/cebi/article/view/36
Krisnawati, A. (2019). Analisis Pengaruh Literasi Keuangan Terhadap Keputusan Investasi pada Masyarakat Kota Bandung. Almana: Jurnal Manajemen Dan Bisnis. http://journalfeb.unla.ac.id/index.php/almana/article/view/362
Kurniawan, P. I. (2021). Effect of Expected Return, Self Efficacy, and Perceived Risk on Investment Intention: An Empirical Study on Accounting Master Degree in Udayana University, Bali. journal of accounting finance and auditing studies (JAFAS), 7(1), 40–55. https://doi.org/10.32602/jafas.2021.002
Mahwan, F., & Herawati, N. T. (2021). The Effect of Financial Literacy, Gender, and Students’ Income on Investment Intention: The Case of Accounting Students. Conference: Proceedings of the 3rd International Conference on Innovative Research Across Disciplines (ICIRAD 2019). http://dx.doi.org/10.2991/assehr.k.200115.022
Mastura, A., Nuringwahyu, S., & Zunaida, D. (2020). Pengaruh Motivasi Investasi, Pengetahuan Investasi Dan Teknologi Informasi Terhadap Minat Berinvestasi Di Pasar Modal (Studi Pada Mahasiswa Fia Dan Feb Unisma Yang Sudah Menempuh Mata Kuliah Mengenai Investasi). Jiagabi, 9(1), 64–75.
Sari, Novi Ratna., & Listiadi, A. (2021). Pengaruh Literasi Keuangan, Pendidikan Keuangan di Keluarga, Uang Saku terhadap Perilaku Pengelolaan Keuangan dengan Financial Self-Efficacy sebagai Variabel Intervening. JPAK Jurnal Pendidikan Akuntansi. 9(1), 58-70. https://doi.org/10.26740/jpak.v9n1.p58-70
Sartika, F., & Humairo, N. (2021). Literasi Keuangan dan Faktor Sosiodemografi terhadap Keputusan Investasi melalui Bias Perilaku. Jurnal Ilmiah Manajemen Dan Bisnis, 22(2), 164–177. https://doi.org/10.30596/jimb.v22i2.7766
Setiawan, A. E., Musyifah, R., Noviarita, H., Raden, N., Lampung, I., & Islam, U. (2021). The Effect of Financial Literacy, Risk Preference and Religiosity on Generation Z’s Investment Interest in the Islamic Capital Market. Journal of Islamic Business and Economic Review, 4(2). http://journal.stebilampung.ac.id/index.php/jiber
Suaebah, E., & Suciati, F. (2022). Demographic Factors, Self-efficacy on Financial Literacy in Upla. KnE Social Sciences. Diperoleh tanggal 5 November 2022 dari https://doi.org/10.18502/kss.v7i14.11977
Sugiyono, P. (2019). Metode Penelitian Kuantitatif Kualitatif dan R&D. Bandung: Alfabeta.
Tanuwijaya, K., & Setyawan, I. (2021). Can financial literacy become an effective mediator for investment intention? Accounting, 7(7), 1591–1600. Diperoleh tanggal 15 November 2022 dari https://doi.org/10.5267/j.ac.2021.5.011
Wahyuningtyas, E. T., Hasanah, F., & Suseti D.A. (2022). Dampak Motivasi Investasi, Persepsi Resiko, literasi dan Efikasi Keuangan Terhadap Minat Mahasiswa Berinvestasi di Pasar Modal. AKUNESA Jurnal Akuntansi Unesa. 10(2), 1-10. https://doi.org/10.26740/akunesa.v10n2.p57-66
Wong, K. K. K. (2019). Mastering partial least squares structural equation modeling (PLS-Sem) with Smartpls in 38 Hours. Bloomington: iUniverse.
Ajzen, I. (1991). The theory of planned behavior. Organizational Behavior and Human Decision Processes, 50(2), 179–211. https://doi.org/10.1016/0749-5978(91)90020-T
Amela, Wan Rizca., Lubis, Andre Hasudungan., & Sabrina, Hesti. (2019). Penggunaan Theory of Planned Behavior Untuk Menganalisis Niat Perilaku Milenial Dalam Belanja Daring Melalui Aplikasi Instagram. JBMI Jurnal Bisnis, Manajemen, dan Informatika 15 November 2022 dari https://doi.org/10.26487/jbmi.v16i2.7671
Budiman, J., & Marvina, J. (2021). Analisa Pengaruh Financial Attitude, Financial Behavior, Financial Knowledge, Financial Anxiety dan Self-Efficacy terhadap Financial Literacy di Kota Batam. Conference on Management, Business, Innovation, Education, and Social Sciences (CoMBInES). https://journal.uib.ac.id/index.php/combines/article/view/4747
Burhanudin, B., Siti, A. H., & Bintang, M. P. S. (2021). Pengaruh pengetahuan investasi, manfaat investasi, motivasi investasi, modal minimal investasi dan return investasi terhadap minat investasi di pasar modal (Studi pada mahasiswa fakultas ekonomi dan bisnis universitas Mataram). Jurnal Distribusi. 9(1), 15-28. http://eprints.unram.ac.id/id/eprint/31801
Faidah, F. (2019). Pengaruh literasi keuangan dan faktor demografi terhadap minat investasi mahasiswa. Journal of Applied Business and Economics. 5(3). http://dx.doi.org/10.30998/jabe.v5i3.3484
Fajriyah, I. L., & Listiadi, A. (2021). Pengaruh uang saku dan pendidikan keuangan keluarga terhadap penge lolaan keuangan pribadi melalui literasi keuangan sebagai intervening. INOVASI: Jurnal Ekonomi, Keuangan dan Manajemen. 17(1), 61–72. https://doi.org/10.30872/jinv.v17i1.9176
Fitriyah, L. A. (2019). Menanamkan Efikasi Diri dan Kestabilan Emosi. Jombang: LPPM Unhasy Tebuireng Jombang.
Irawati, A., Putra, D., Swissia, P. (2022). Dampak Inklusi Keuangan Terhadap Literasi Keuangan dan Financial Technology di IBB Darmajaya. PROSIDING : Seminar Nasional Darmajaya. https://jurnal.darmajaya.ac.id/index.php/PSND/article/view/3250.
Kaja, L. D., Angi, Y. F., & Tungga, C. (2022). Pengaruh Ekspektasi Return, Persepsi Risiko, Dan Self Efficacy Terhadap Minat Investasi Saham Pada Mahasiswa Program Studi Akuntansi Fakultas Ekonomi Dan Conference on Economic. https://jurnal.widyagama.ac.id/index.php/cebi/article/view/36
Krisnawati, A. (2019). Analisis Pengaruh Literasi Keuangan Terhadap Keputusan Investasi pada Masyarakat Kota Bandung. Almana: Jurnal Manajemen Dan Bisnis. http://journalfeb.unla.ac.id/index.php/almana/article/view/362
Kurniawan, P. I. (2021). Effect of Expected Return, Self Efficacy, and Perceived Risk on Investment Intention: An Empirical Study on Accounting Master Degree in Udayana University, Bali. journal of accounting finance and auditing studies (JAFAS), 7(1), 40–55. https://doi.org/10.32602/jafas.2021.002
Mahwan, F., & Herawati, N. T. (2021). The Effect of Financial Literacy, Gender, and Students’ Income on Investment Intention: The Case of Accounting Students. Conference: Proceedings of the 3rd International Conference on Innovative Research Across Disciplines (ICIRAD 2019). http://dx.doi.org/10.2991/assehr.k.200115.022
Mastura, A., Nuringwahyu, S., & Zunaida, D. (2020). Pengaruh Motivasi Investasi, Pengetahuan Investasi Dan Teknologi Informasi Terhadap Minat Berinvestasi Di Pasar Modal (Studi Pada Mahasiswa Fia Dan Feb Unisma Yang Sudah Menempuh Mata Kuliah Mengenai Investasi). Jiagabi, 9(1), 64–75.
Sari, Novi Ratna., & Listiadi, A. (2021). Pengaruh Literasi Keuangan, Pendidikan Keuangan di Keluarga, Uang Saku terhadap Perilaku Pengelolaan Keuangan dengan Financial Self-Efficacy sebagai Variabel Intervening. JPAK Jurnal Pendidikan Akuntansi. 9(1), 58-70. https://doi.org/10.26740/jpak.v9n1.p58-70
Sartika, F., & Humairo, N. (2021). Literasi Keuangan dan Faktor Sosiodemografi terhadap Keputusan Investasi melalui Bias Perilaku. Jurnal Ilmiah Manajemen Dan Bisnis, 22(2), 164–177. https://doi.org/10.30596/jimb.v22i2.7766
Setiawan, A. E., Musyifah, R., Noviarita, H., Raden, N., Lampung, I., & Islam, U. (2021). The Effect of Financial Literacy, Risk Preference and Religiosity on Generation Z’s Investment Interest in the Islamic Capital Market. Journal of Islamic Business and Economic Review, 4(2). http://journal.stebilampung.ac.id/index.php/jiber
Suaebah, E., & Suciati, F. (2022). Demographic Factors, Self-efficacy on Financial Literacy in Upla. KnE Social Sciences. Diperoleh tanggal 5 November 2022 dari https://doi.org/10.18502/kss.v7i14.11977
Sugiyono, P. (2019). Metode Penelitian Kuantitatif Kualitatif dan R&D. Bandung: Alfabeta.
Tanuwijaya, K., & Setyawan, I. (2021). Can financial literacy become an effective mediator for investment intention? Accounting, 7(7), 1591–1600. Diperoleh tanggal 15 November 2022 dari https://doi.org/10.5267/j.ac.2021.5.011
Wahyuningtyas, E. T., Hasanah, F., & Suseti D.A. (2022). Dampak Motivasi Investasi, Persepsi Resiko, literasi dan Efikasi Keuangan Terhadap Minat Mahasiswa Berinvestasi di Pasar Modal. AKUNESA Jurnal Akuntansi Unesa. 10(2), 1-10. https://doi.org/10.26740/akunesa.v10n2.p57-66
Wong, K. K. K. (2019). Mastering partial least squares structural equation modeling (PLS-Sem) with Smartpls in 38 Hours. Bloomington: iUniverse.