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