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Journal : Journal of Management and Digital Business

Peran mediasi literasi keuangan dalam keputusan investasi bagi Generasi Z: Pengujian bias-bias perilaku Aulia, Syafitri; Giriati, Giriati; Mustika, Uray Ndaru; Mustaruddin, Mustaruddin
Journal of Management and Digital Business Vol. 4 No. 3 (2024): Journal of Management and Digital Business
Publisher : Nur Science Institute

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.53088/jmdb.v4i3.1334

Abstract

This study analyzes behavioral factors, namely overconfidence, representativeness, and availability in Generation Z in making investment decisions, with financial literacy as a mediating variable. The research used a quantitative approach with a purposive sampling method. The data used are primary data with cross-sectional data types. Respondent data collection used a questionnaire distributed online to 250 respondents. The data analysis method used path analysis and the Sobel test. The results showed that overconfidence and representativeness positively and significantly affected financial literacy. The variables overconfidence, availability, and financial literacy positively and significantly affected investment decisions. This result is inversely proportional to the availability test on financial literacy and representativeness on investment decisions, indicating no effect. Financial literacy as a connecting variable can mediate the three behavioral biases on investment decisions.
Co-Authors Abida, Mutia Achni Afdhal Fuadi Agustina, Dela Aini, Syifa Nurul Ainun Apriliyani Muhyun Akhmad Solihin Alberd, Alberd Alisa, Alisa Am Azbas Taurusman Amiarti, Dela Ana Fitriana Andrew Amadeus Andri Pratama Angelica, Cinthia Angga Nugraha Anwar Abidin, Achmad Anwar Azazi Ardiansyah Arestha, Rully Ari Purbayanto Arif Febrianto Arif, Hadi Sholekhan Arsiaty Asnil - Asnil Asnil Asnil Asnil Ateng Supriatna Aulia, Syafitri Bambang Murdiyanto Bambang Murdiyanto Bangun, Tri Nanda Citra Barokah, Sinatria Bayu Wiratama Bella Ghia Dimmera Benardo Nababan Benardo Nababan Bernido Raflo Purba Beta Hanindiya Budhi H. Iskandar Budy Wiryawan Chaniago, Sheren Rahmawati Cici Dianita Dahri Iskandar Danial . Daniel R. Monintja Darmawan Darmawan . Deni Achmad Soeboer Dian Permata Nasution Diana Agustina Didik Santoso Didik Santoso Dingel, Jonathan Domu Simbolon Doni Saputra Pasaribu Dwi Putra Yuwandana Eko Sri Wiyono Endang Kristiawati, Endang Eno Selomita Ernani Lubis Fadhilah, Harits Ridho Fahriansyah Fahriansyah Fahruna, Yulyanti Fauziah, Faza Itsna Feinberg, Bob Fernando Dayandri Willem Dangeubun Fifani Anggraini, Cinthia Firman Kurniawan Fis Purwangka Gilar Budi Pratama Gilar Budi Pratama Giriati Giriati, Giriati Gogo Kamargo Gondo Puspito Halimah, Putri Handayani, Norvita Hani Dwi Wijayanti Hanindiya, Beta Hanindya, Beta Harlisa Sajeri Harry Setiawan Hendri Kurniawan Hendri Kurniawan, Hendri Heni Safitri Heriyadi Himelda Himelda I Ngurah Gede Verar Fujastawan Ibrahim, Yudy Iin Solihin Iin Solihin Ilham Fajri Ilham Fajri Ilham Fajri, Ilham Ilzar Daud Iqbal, Muhammad Nur Ismi Noer Fadilah Jaliadi . Joharis Silaban John Haluan Joko Santoso Julia Eka Astarini Juniwati Juniwati Kalista, Apriwina Yulita Karnan Karnan Karsim Koo, Kim Jin Kresna Handoyo Kurnia Kurnia, Depi Kurniawan Fazri Kusuma, Mega Laitupa, Jufri Pachri Lalu R. T. Savalas Latifah Latifah Lee, Jae Won Lembito, Hoetomo Mantani, Sayuri Mardiah, Ratu Sari Marthalea Erbin Nahak Meyana Marbun Mohammad Khotib Mokhamad Dahri Iskandar Muhammad Afif Muhammad Luqman Triaji Muhammad Natsir Kholis Muhammad Natsir Kholis Muhammad Natsir Kholis Muhyun, Ainun Apriliyani Mulyono S Baskoro Mulyono S. Baskoro Mulyono Sumitro Baskoro Mustika, Uray Ndaru Nanda Rizki Purnama Nanda Sari Nasruddin Nasruddin Nasruddin Nasruddin Nasruddin Nasruddin Nimmi Zulbainarni Normawati K Mboto Nur Afifah Nurlela, Eli Nurmalasari Nurmalasari O. Brusa, Jorge Pandu Saptoriantoro Pandu Saptoriantoro Permata Gusti, Girang Posundu, Ronald S A Pratama, Gilar Budi Prihatin Ika Wahyuningrum Purmono, Bintoro Bagus Purnama Sari, Dian Putra, Demo Buana Rahmat Rizqi Ramadania Ramadania, Ramadania Ratna Mutia Aprilia Retno Muninggar Riena F. Telussa Rikhlatul Iffah, Rikhlatul Risal Roisul Maarif Ronny I. Wahju Roza Yusfiandayani Sadarun Sadarun Sakina, Nymas Sidratus Samosir, Wilson Samsul Bahri Samsul Bahri Sanjaya, Muharti Sanjaya, Muhartri Santausa, Imam Teguh Santausa, Teguh Saraswati, Exist Sekar Pembayun Selfi Sangadji Setiawan, Harry Setiawan Shofian Syarifuddin Siswanto, Romi Soraya Gigentika Soraya Gigentika Sri Susanti Kartini Sri Susanti Kartini Sugeng H. Wisudo Sugeng Hari Wisodo Sugeng Hartono Suharyanto Sukma Febrianti Suriyanti, Erva Sutomo Sutomo Sutomo Sutomo Syahputra, Jasnur Syarifuddin, Shofian Syifa Nurul Aini Taeran, Imran Tanjov, Yulia Estmirar TATI NURHAYATI Thomas Nugroho Tri W Nurani Tri Wiji Nurani Verawati Verawati Vita Rumanti Kurniawati Wahyu Wijayanto Wahyu, Ronny Irawan Wahyuni, Adinda Wahyuni, Dyva Mahda Wanty Eka Jayanti Wazir Mawardi Wendy Wendy Wilson Samosir Yeni Herdiyeni Yopi Novita Yulia Delfahedah Yulianto Yulianto Zayyan, M Luthfi Zerli Selvika Zulkarnain Zulkifli, Syarif