Journal of Economic, Bussines and Accounting (COSTING)
Vol 7 No 5 (2024): Journal of Economic, Bussines and Accounting (COSTING)

ANALYSIS THE BEHAVIOR OF INVESTOR IN CONDUCTING CRYPTOCURRENCY INVESTMENT ACTIVITIES THROUGH THE CREDIBILITY OF CELEBRITIES

Ina Agustini Murwani (Universitas Bina Nusantara)
Jessi Julianti (Universitas Bina Nusantara)
Nauval Mahdi (Universitas Bina Nusantara)
M. Rafli Rulianto Putra (Universitas Bina Nusantara)



Article Info

Publish Date
02 Oct 2024

Abstract

The objective of this study is to see the influence of the credibility of celebrity endorsers behind the intentions and behavior of consumers towards crypto investment. This study uses a questionnaire as a data collection tool, therefore the research is quantitative. This research design uses a descriptive design by setting a clear data collection plan. The data analysis technique uses statistical methods and in carrying out data calculations using Partial Least Square (PLS). The study reveals that while the Attitude Towards Adopt Crypto does not significantly influence the Intention to invest, celebrity endorsements (Attractiveness, Expertise, and Trustworthiness) play a crucial role in shaping attitudes, perceived behavioral control, and subjective norms related to cryptocurrency adoption. These endorsements significantly impact the Intention to invest, which in turn affects actual investment Behavior. The strong influence of subjective norms on intention highlights the importance of social pressure and the opinions of celebrities in motivating individuals to invest in cryptocurrencies. Consequently, leveraging celebrities' attractiveness, trustworthiness, and expertise can effectively drive cryptocurrency adoption among potential investors, especially within the productive age group of 25-35 years, predominantly housewives.

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Journal Info

Abbrev

COSTING

Publisher

Subject

Economics, Econometrics & Finance

Description

COSTING : Journal of Economic, Bussines and Accounting reviewed covers theoretical and applied research in the field of Economics, Business and Accounting. Priority is given to those articles which satisfy the main scope of the journal, and have an impact in the research areas of interest. ...