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The Effect of Financial Literacy, Herding Behavior and Risk Tolerance on Investment Decisions Dewi Tamara; Andhika Yudo Arianto; Ernita Marzuki; Zulhamdani Zulhamdani
Budapest International Research and Critics Institute-Journal (BIRCI-Journal) Vol 5, No 4 (2022): Budapest International Research and Critics Institute November
Publisher : Budapest International Research and Critics University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33258/birci.v5i4.7184

Abstract

Investment development in Indonesia grew significantly, marked by an increase in the Composite Stock Price Index (JCI) which reached 23.54% in the last 5 (five) years. This is in line with increasing financial inclusion, public knowledge and awareness of financial planning and management. Financial investment in the Capital Market, especially stocks, is one of the most favorable by investors, as indicated by the growth in the number of investors on average per year reaching 60.65%. However, the JCI's performance for the last 5 (five) years has not been stable, where prices are still fluctuating. Therefore, investors are required to be more careful in making investment decisions that will affect future returns. In this regard, this study examines the effect of financial literacy, herding behavior and risk tolerance on investment decisions, with self-monitoring as a moderating effect. The results of the study prove that financial literacy, herding behavior and risk tolerance have a significant effect on investment decisions. Meanwhile, self-monitoring is not proven to moderate the relationship between financial literacy, herding behavior, and risk tolerance for investment decisions.  
PREDIKSI MINAT DAN PEMBELIAN ASURANSI SYARIAH DI KALANGAN APARATUR SIPIL NEGARA (ASN) DI PROVINSI ACEH Fransiska Andriyani Odos; Chandra Setya Wijaya; Miqsyal Khalid; Dewi Tamara
JURNAL ILMIAH EDUNOMIKA Vol 8, No 1 (2024): EDUNOMIKA
Publisher : ITB AAS Indonesia Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29040/jie.v8i1.11062

Abstract

The implementation of the Qanun on Sharia Financial Institutions in Aceh Province has resulted in the exit of conventional financial institutions which is expected to be a big opportunity for the sharia insurance industry in Aceh province. This research uses quantitative analysis and data collection methods using questionnaires on ASN in Aceh Province and the data is analyzed using Smart PLS. The research results show that Islamic Financial Literacy has a positive effect on Attitudes towards Sharia Insurance, Perceived Benefits has a positive effect on Attitudes towards Sharia Insurance, Perceived Behavioral Control has a positive effect on Attitudes towards Sharia Insurance, Attitudes towards Sharia Insurance have a positive effect on Intention to Purchase Sharia Insurance, and Islamic Financial Literacy, perceived benefits, subjective norms and perceived behavioral control have a significant positive relationship with Intention to Purchase Sharia Insurance, mediated by attitudes towards sharia insurance.