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Journal : Jurnal Al-Qiyam

The Influence of Financial Literacy, Experienced Regret, Framing Effect and Mental Accounting on Millennial Generation Investment Decisions in DKI Jakarta with Risk Tolerance as Intervening Variables Monica Dewi; Hamidah Hamidah; Agung Dharmawan Buchdadi
International Journal on Advanced Science, Education, and Religion Vol 4 No 3 (2021): IJoASER (International Journal on Advanced Science, Education)
Publisher : Sekolah Tinggi Agama Islam Al-Furqan, Makassar - Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (416.446 KB) | DOI: 10.33648/ijoaser.v4i3.155

Abstract

This study discusses financial literacys, experienced regrets, framing effect and mental accounting on investment decisions with risk tolerance as an intervening variable. The number of respondents used in this study was 200 respondents. All respondents are millennials with age 21-40 years old and have a minimum income of IDR 5,000,000, who live in DKI Jakarta. The data in this study were obtained from the results of questionnaires which were then analyzed using SEM PLS analysis techniques with the help of the smartpls program. Based on the results of the analysis in this study the results of financial literacy, experienced regret, framing effects and mental accounting are applied to risk tolerance. The results of the subsequent analysis showed that financial literacy, regrets and framed the effect of influencing on investment decisions, while mental accounting directly cannot influence on investment decisions. The results of the analysis in this study also showed that risk tolerance can mediate the financial literature, experience regret, and the effect of framing on investment returns. Keywords: Financial Literacy, Experienced Regrets, Rraming Efects, Milenial Generation Investment
Co-Authors A. W. S Waspodo, Agung Aditya , Shandy Adler Haymans Manurung Afwan Efendi Al-Rawahna, Ammar Salamh Mujali Albasita Syafna Al'azhary Alessandro Simanihuruk Althafiansyah Rosyidin, Gamma Amalia Amelia Sholeha Anak Agung Alvian Prasetya Putera Andre, Muthia Nabila Andry Priharta Anismadiyah, Vega Atik Widayati Atmadja, Kris Fachuriyanti Ayu Annisa Rahmawati Az-Zahra, Ridya Bima Erlangga Budi Santoso Christian Wiradendi Wolor Danapati, Muhammad Ridho Dara Roswanti Pratami Della Nur Rahmawati, Widya Destria Kurnianti Dewi Gathmyr Dewi Gathmyr Dewi Susita Dicky Iranto Dwi Cahyani Efendi, Afwan Eric Hermawan Erlangga, Bima Erlangga Etty Gurendrawati, Etty Eva Herianti Fadlun A Hamid Fajri Akbar Fath Arif Mukti Sukaeri Fatimah Az-Zahro Febriana, Hadijah Fitriana Puji Astuti Frisca, Dhea Gabriela Melina Widiasih Gatot Nazir Ahmad Hadistira, Valdi Hamid, Fadlun A HAMIDAH Hamidah . Hamidah Hamidah Hamidah, Hamidah Hapzi Ali Harisman Hendri Sucipto I Gusti Ketut Agung Ulupui Ifatuhoriah Yusuf Ika Nur Setiowati Imam Syafii Imelda Sari Indriyanti, Isti Irianingsih, Eka Jerry Jerry Khairun Nisa Krissanya , Nofriska Kus Aprila Manto, Widia M. Edo Suryawan Siregar Mahfirah, Titis Fatarina Margie, Lyandra Aisyah Mitha Icha Yanti Tambun Mitsalina Tantri MONICA DEWI Monica Dewi Muhammad Edo Suryawan Siregar Muhammad Fawaiq Muhammad Fawaiq Muhammad Fawaiq, Muhammad Muhammad Yusuf Muhammad Yusuf Musyaffi, Ayatulloh Michael Nabilla Ramadhani Nabillah Hasna Naily , Mayang Fauny Naramarito Pardede, Wasti Nasrowi Danu Nazir Ahmad, Gatot Nithaqaini Yurasti, Inggih Asma Nofriska Krissanya Novana, Sonya Nurul Febriani, Annisa Obing Zaid Sobir Obing Zaid Sobir Oktafianto, Erlangga Oktariswan, Dony Olaf Ingmar Panji Patra Anggaredho, Panji Patra Pebianti, Vina Perdana, Sararya Haikal Prameswari, Rita Prasetya, Budi Agung Prayoga, Andhika Puji Wahono Puji Wahono Puji Yuniarti Purnomo, Santoso Purwana E.S., Dedi Qurrotul Uyun Rahmadhani, Safitri Dwi Rahmawati, Ayu Annisa Ramadhan, Sahlan Afri Ramdani, Adnan Fauzan Ramli Ramli Ratna Tri Hari Safariningsih Ratnawaty Marginingsih Rd. Tuty Sariwulan Ria Kurniawati Rismono Rosa Salsa Bila Ruswiati Suryasaputra Safariningsih, Ratna Tri Hari Saffanah Aini Rahmani Salsabila Putri Ramadhanti Sararya Haikal Perdana Setyawan, Rahmat Dika Shandy Aditya Sibarani, Silvia Paula Artha Silvana Syah Silvana Syah Silvana Syah Siregar, M. Edo Suryawan Siti Hamidah Rustiana Solikha , Solikha Sonny Haryanto Sophie Hestia Putri SS, Muh Fathul Mubaraq Suhayat, Jajang Suherman Suherman Suherman Suherman, Suherman Sukma Andika Rahmayanti Sumardi Sumardi suparno Eko Widodo suparno Eko Widodo, suparno Eko Suparno Suparno Suparno Suparno Suprayogi, Wahyu Suryawan Siregar, M. Edo Suwatno Suwatno Syamsul Hidayat SYAMSUL HIDAYAT Tessa Azzahra Tessa Kusuma Dewi Tirta Raharja, Mulya Ulupui, IGKA Umar Aminudin Umi Mardiyati Umi Widyastuti Umi Widyastuti Usep Suhud Usman Mustofa Vidia Ratu Balqis Malzara Vina Pebianti Virnalici, Virnalici Wahono, Puji Wastuti, Wahyu Wicaksono, Tasya Dwi Widya Parimita, Widya Willy Cahya Sundara Yusuf, Ifatuhoriah Zakaria, Adam