Factors Influencing Investment Decisions among College Students: A Comparative Analysis Between India & Nigeria

Devanshu Karamchandani (IMS Ghaziabad, India)
Anjali Anjali (IMS Ghaziabad, India)
Etoo Emmanuel Obinwa (Alex Ekwueme Federal University, Nigeria)
R Devi Nandana (Christ University, India)
Kunal Panda (ISBR Business School)
Gan Kia Hui (Universiti Sains Malaysia)
Okwu Peter (Universiti Sains Malaysia)
Rudresh Pandey (Christ University, India)
Teoh Bak Aun (Universiti Sains Malaysia)
Lok Yee Huei (Universiti Sains Malaysia)

International Journal of Accounting & Finance in Asia Pasific
Vol 7, No 1 (2024): February 2024

Investment is done for the purpose to gain profitable returns. Investing in a well-diversified portfolio offers a multitude of benefits, including capital appreciation to grow wealth over time. As a student, managing finance can be challenging, but exploring opportunities for passive income can make a significant difference in financial stability and independence. This study endeavors to comparatively analyze the factors influencing investment decisions among college students in India and Nigeria. Demographics play a pivotal role in shaping investment choices, and understanding the differences in the attitude of these countries is vital for effective financial education initiatives. The study reveals that there is a positive relationship between different factors that students consider when making these decisions. Factors such as financial security, return on investment (ROI), and risk minimization are found to have a significant impact on their choices.