Article Per Year (5 Year)
p-Index From 2021 - 2026
0.23
P-Index
This Author published in this journals
All Journal IDEI: JURNAL EKONOMI & BISNIS
Miftahul Rizqina
Universitas Harapan Medan
Economics, Econometrics & Finance

Published : 1 Documents Claim Missing Document
Claim Missing Document
Check
Articles

Found 1 Documents
Search

 1 
YOUNG WOMEN’S INVESTMENT DECISIONS: BEHAVIORAL BIASES AND FINANCIAL LITERACY Zuwina Miraza; Hafriz Rifki Hafas; Listiorini; Mutiah Fitriani; Miftahul Rizqina
IDEI: Jurnal Ekonomi & Bisnis (IDEI: Journal of Economics & Business) Vol 7 No 1 (2026): JUNE 2026
Publisher : Insan Doktor Ekonomi Indonesia (IDEI)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.38076/ywidc856

Abstract

 This quantitative study analyzed the influence of behavioral biases (overconfidence, representativeness, anchoring, and availability) on investment decision-making, with financial literacy as a mediating variable. The sample used 200 female investor respondents in North Sumatra, selected through purposive sampling. Primary data were obtained through a questionnaire distributed via Google Forms and analyzed using the SEM-PLS method with SmartPLS 4 software. The results showed that only representativeness bias had a significant effect on investment decisions. Meanwhile, overconfidence bias, anchoring bias, and availability bias had no significant effect. Another important finding was that financial literacy did not mediate the relationship between behavioral biases and investment decision-making and did not have a significant direct effect on investment decisions. The conclusion of this study is that representativeness bias is a dominant factor in investment decision-making among respondents, while the mediating role of financial literacy is not significant. 
Co-Authors Hafriz Rifki Hafas Listiorini Mutiah Fitriani Zuwina Miraza