Article Per Year (5 Year)
p-Index From 2021 - 2026
0.23
P-Index
This Author published in this journals
All Journal Journal of Management, Economic, and Accounting
Ayu Aya Sofya
UIN Alauddin Makassar
Decision Sciences, Operations Research & Management Economics, Econometrics & Finance

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

Found 1 Documents
Search

 1 
The Effect Of Self-Efficacy, Investment Risk, And Corporate Reputation On Sharia Stock Investment Decisions With Financial Literacy As A Moderating Variable Ayu Aya Sofya; Asyraf Mustamin; Kamaruddin Kamaruddin; Samsul Samsul; St. Hafsah Umar
Journal of Management, Economic, and Accounting Vol. 5 No. 4 (2026): Oktober
Publisher : Universitas Dehasen Bengkulu

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37676/jmea.v5i4.1837

Abstract

The rapid growth of young investors in the Islamic capital market has not been fully accompanied by adequate risk understanding and financial literacy, allowing investment decisions to remain influenced by psychological factors and perceptions of issuers. This study examines the effects of self-efficacy, investment risk, and corporate reputation on Sharia stock investment decisions and tests financial literacy as a moderating variable among the Zillennial generation in South Sulawesi Province. A causal quantitative approach was applied to a population of 5,525 investors, with 100 respondents selected using purposive sampling. Primary data were collected through a Likert-scale questionnaire and analyzed using multiple linear regression and Moderated Regression Analysis with IBM SPSS Statistics 21. The findings show that self-efficacy (t=3.737; p<0.001), investment risk (t=2.025; p=0.046), and corporate reputation (t=5.812; p<0.001) have positive and significant effects on investment decisions. However, the interaction terms between financial literacy and the three predictors are not significant. Financial literacy therefore did not strengthen or weaken these relationships in the study sample.
Co-Authors Asyraf Mustamin Kamaruddin Kamaruddin Samsul Samsul St. Hafsah Umar