Proceedings of the 1st International Conference on Economics and Business, ICEB 2023, 2-3 August 2023, Padang, Sumatera Barat, Indonesia

Research Article

Determinants Of Investment Motivation, Risk Perception, Financial Literacy And Financial Efficacy On Students' Interest In Investing

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  • @INPROCEEDINGS{10.4108/eai.2-8-2023.2341870,
        author={Arini Lailatul Hosnah and Rendy Mirwan Aspirandi and Ibna Kamelia Fiel Afroh},
        title={Determinants Of Investment Motivation, Risk Perception, Financial Literacy And Financial Efficacy On Students' Interest In Investing},
        proceedings={Proceedings of the 1st International Conference on Economics and Business, ICEB 2023, 2-3 August 2023, Padang, Sumatera Barat, Indonesia},
        publisher={EAI},
        proceedings_a={ICEB},
        year={2024},
        month={6},
        keywords={investment motivation risk perception financia literacy financialy efficacy invesment interest},
        doi={10.4108/eai.2-8-2023.2341870}
    }
    
  • Arini Lailatul Hosnah
    Rendy Mirwan Aspirandi
    Ibna Kamelia Fiel Afroh
    Year: 2024
    Determinants Of Investment Motivation, Risk Perception, Financial Literacy And Financial Efficacy On Students' Interest In Investing
    ICEB
    EAI
    DOI: 10.4108/eai.2-8-2023.2341870
Arini Lailatul Hosnah1,*, Rendy Mirwan Aspirandi1, Ibna Kamelia Fiel Afroh1
  • 1: Muhammadiyah University Jember
*Contact email: arinilailatul31@gmail.com

Abstract

This study aims to determine the effect of investment motivation, risk perception, financial literacy and financial efficacy on students’ interest in investing in the capital market. A total of 24,077 students from three postsecondary institutions in Jember—Jember Muhammadiyah University, Jember University, and Mandala Institute of Technology and Science—were included in this study as active members of the Faculty of Economics and Business. Purposive sampling was used in this study's methodology, and a total of 111 respondents provided the primary data that was used in the data collection. The study's findings show that investment motivation has a positive and significant impact on students' interest in the stock market, risk perception has a negative and significant impact, financial literacy has a positive and significant impact on students' interest in the stock market, and financial efficacy has a positive impact and significant impact.