Indonesian Journal of Business Analytics (IJBA)
Vol. 5 No. 3 (2025): June 2025

The Effect of Financial Literacy, Motivation, and Herding Effect on Investment Decisions with Emotional Intelligence as a Moderating Variable

Vira Regina Salsabila (Unknown)
Tri Neliana (Unknown)

Article Info

Publish Date
30 Jun 2025

Abstract

With emotional intelligence serving as the moderating variable, this study investigates how financial literacy, investment motivation, and herding effect influence investment decisions. The quantitive research targets active students (1997-2012) in Ciayumajakuning who invest in capital market, using purposive sampling (135 sampels). The analysis technique used is Moderate Regression Analysis (MRA). The results in this study indicate that financial literacy and herding effect have a positive value and have a significant effect on investment decisions, while investment motivation has no significant effect, and each independent variable’s impact on the dependent variable cannot be moderated by emotional intelligence variables.  

Copyrights © 2025




Citation Download
RIS
EndNote, Reference Manager, ProCite
BibTex
Latex, Jabref
Original Source
Download Original
Google Scholar
Check in Google Scholar
Journal Info
Indonesian Journal of Business Analytics (IJBA)
Website

Abbrev

ijba

Publisher

PT FORMOSA CENDEKIA GLOBAL

Subject

Computer Science & IT Decision Sciences, Operations Research & Management Economics, Econometrics & Finance

Description

Indonesian Journal of Business Analytics (IJBA) is a peer-reviewed journal providing a space for both practitioners and academics for disseminating research results that work in Business Analytics and related fields. IJBA provides an outlet for the increasing flow of interdisciplinary research ...