Made Oka Candra Andreana
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Hubungan Literasi Keuangan, Overconfidence dan Persepsi Risiko pada Keputusan Investasi Mahasiswa Universitas Udayana Wayan Sri Wahyuni; Made Oka Candra Andreana
Journal Of Business, Finance, and Economics (JBFE) Vol 6 No 1 (2025): Juni : Journal Of Business, Finance, and Economics (JBFE)
Publisher : Universitas Veteran Bangun Nusantara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32585/jbfe.v6i1.6555

Abstract

The growth of young investors in Indonesia continues to increase every year. However, the low level of financial literacy in Indonesia is a major challenge for students in making investment decisions. This study aims to analyze the relationship between financial literacy, overconfidence, and risk perception on investment decisions of Udayana University students. A quantitative approach was used where data were collected through questionnaires with 100 respondents who had securities accounts and had attended capital market seminars. Multiple linear regression analysis was used to test the relationship between variables. The results showed that financial literacy, overconfidence, and risk perception had a positive and significant relationship to investment decisions. These findings support the Behavioral Finance Theory in the context of investment, and are expected to provide insight to improve financial literacy and understanding of investment risks among students, encouraging more rational and informed decisions.