THE EFFECT OF FINANCIAL LITERACY, FINANCIAL BEHAVIOR, AND PERCEIVED RISK ON INVESTMENT DECISIONS

Alvin Latif Chofifah, Muhdiyanto Muhdiyanto, Muhamad Wahid Ibrahim

Abstract


Investment is someone's sacrifice today to get greater profits in the future. A higher investment level will increase Indonesia's economic growth (Dinantara et al., 2022). The decision to invest is a challenging thing. Every investor needs the right decision in order to get the desired results. The investment decision considers various things such as security, risk, rate of return, time, money, and the level of liquidity (Ramadhan et al., 2021). Therefore, many factors must be considered in making investment decisions to make an investor more carefully before deciding to invest. By investing, the financial condition in the future will be guaranteed. This study aimed to determine the relation of three independent variables: Financial Literacy, Financial Behavior, and Perceived Risk to the Investment Decision in IDX. The sample of this research is students of the Faculty of Economics and Business, University of Muhammadiyah Magelang. The sampling method in this study used purposive sampling based on predetermined criteria. The criteria in this study are students who have invested or are currently investing in the IDX because they have sufficient financial literacy and behavior to manage their finances well. The sample used in this study was 100 respondents obtained from distributing questionnaires through the Google-form. The analytical tool used to test the hypothesis is multiple linear regression analysis. The study found that financial literacy has a negative effect on investment decisions, while financial behavior and perceived risk positively affect investment decisions.


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References


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