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Keputusan Investasi Investor Pemula: Peran Literasi Keuangan, Persepsi Resiko Dan Overconfidance Dalam Mempengaruhi Keputusan Investasi Investor Pemula Di Lantai Bursa Bahri, Saiful; Maskudi, Maskudi; Aeni, Deswita Siti Nurul; Risqiya, Laila Hasna
Journal of Accounting and Finance Vol. 3 No. 1 (2024): Maret
Publisher : Universitas Wahid Hasyim

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31942/jafin.v3i1.10851

Abstract

Investor pemula hendaknya mempertimbangkan beberapa faktor sebelum memutuskan berinvestasi saham. Literasi keuangan, persepsi risiko, dan Overconfidence  merupakan beberapa faktor yang menjadi bahan pertimbangan seorang investor pemula sebelum berinvestasi saham. Penelitian ini bertujuan untuk menganalisis pengaruh literasi keuangan, persepsi risiko, dan Overconfidence  terhadap keputusan investasi investor pemula. Penelitian ini menggunakan sampel sebanyak 100 responden investor pemula dengan metode Purposive Sampling dengan kriteria generasi milenial golongan pelajar berusia 18-24 tahun. Penelitian ini menggunakan metode analisis regresi linier berganda untuk menguji pengaruh variabel X terhadap Y. Hasil penelitian ini menunjukkan bahwa variabel literasi keuangan, persepsi risiko, dan Overconfidence  berpengaruh terhadap variabel keputusan investasi.
The Influence of Behavioral Biases and Islamic Financial Literacy on Investment Decisions of Young Investors in Malaysia Bahri, Saiful; Abdullah, Ahmad Ridhuwan bin; Sunarto; Aeni, Deswita Siti Nurul; Risqiya, Laila Hasna
International Journal of Management, Business, and Social Sciences Vol. 4 No. 2 (2025): November
Publisher : Universitas Wahid Hasyim Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31942/ijmbs.v4i2.14518

Abstract

This study aims to analyze the influence of behavioral bias and Islamic financial literacy on students' investment decisions as a representation of young Muslim investors. An explanatory quantitative approach was used by collecting data through an online questionnaire distributed to 48 students at Universiti Malaysia Kelantan (UMK). Data analysis was carried out using multiple linear regression through SPSS version 27. The results showed that of the three dimensions of overconfidence, only overplacement had a significant positive effect on investment decisions, while overprecision, overestimation, loss aversion, and anchoring bias did not show a significant effect. On the other hand, Islamic financial literacy has the strongest positive influence on investment decisions, indicating that understanding of Islamic financial principles is able to suppress behavioral bias and increase investment rationality. Theoretically, these findings expand the perspective of behavioral finance by including Islamic values as a controlling factor for cognitive bias. Practically, the results of this study provide input for educational institutions and financial authorities to strengthen Islamic financial literacy to form rational, ethical, and sustainable investment behavior among young investors.