Article Per Year (5 Year)
p-Index From 2021 - 2026
1.36
P-Index
This Author published in this journals
All Journal Jurnal Pengabdian Kepada Masyarakat Sakai Sambayan Equity: Jurnal Ekonomi Jurnal Akuntan Publik Riset Ilmu Manajemen Bisnis dan Akuntansi Moneter : Jurnal Ekonomi dan Keuangan Jurnal Ekonomi, Akuntansi dan Perpajakan Jurnal Ilmiah Ekonomi, Akuntansi dan Pajak Jurnal Ekonomi Manajemen Bisnis dan Akuntansi Global Management: International Journal of Management Science and Entrepreneurship Research of Economics and Business
fitra dharma
Unknown Affiliation
Agriculture, Biological Sciences & Forestry Chemical Engineering, Chemistry & Bioengineering Computer Science & IT Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Medicine & Pharmacology Social Sciences Other

Published : 11 Documents Claim Missing Document
Claim Missing Document
Check
Articles

Found 11 Documents
Search

 1   2 
The Impact of Overconfidence and Financial Literacy on Application-Based Investment Decisions: The Moderating Role of Religiosity Zahrul Zima; Fitra Dharma; Retno Yuni Nur Susilowati
ROE: Research of Economics and Business Vol. 1 No. 2 (2025): (October) ROE: Research of Economics and Business
Publisher : PT. Altaf Publishing Corp

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70895/roe.v1i2.84

Abstract

This study aims to examine the effect of financial literacy and overconfidence on application- based investment decisions with religiosity as a moderating variable. The research method used a quantitative approach with a survey technique involving 384 respondents who are active users of digital investment applications in the Sumatra region. Data analysis was performed using Partial Least Square- Structural Equation Modeling (PLS-SEM) with SmartPLS 4.0. The results showed that overconfidence had a positive and significant effect on app-based investment decisions, while financial literacy had no significant effect. Furthermore, religiosity was not found to moderate the relationship between overconfidence and financial literacy on digital investment decisions. These findings confirm that psychological factors, particularly overconfidence, are more dominant than financial literacy and religious values in influencing digital investment behavior. The implication of this study is the need for education that focuses not only on improving financial literacy but also on managing psychological biases so that investors can make more rational decisions.
Co-Authors Adien Husnun Nabila Alhafiz, Aulia Aditiya Ayu Dwiny Octary Dadan Kurniawan Devi Saputri Fajar Gustiawaty Dewi Fajar Gustiawaty Dewi Fathur Rahman As Shiddiq Fidela Salsabilla Maheswari Imanuriea Annisa Putri Komalasari, Agrianti Liza Alvia Niken Kusumawardani Putri Yulfhita Claraini Retno Yuni Nur Susilowati rindu rika gamayuni Rindu Rika Gamayuni Sevira Rahma Harmara Zahrul Zima