Jurnal Management Risiko dan Keuangan
Vol. 4 No. 2 (2025)

Analyzing The Impact of Financial Literacy on Investment Interest with Locus of Control as The Mediating Variable

Aulia Falyauma Risky (Unknown)
Mychelia Champaca (Unknown)



Article Info

Publish Date
11 Nov 2025

Abstract

Purpose – This study aims to analyze the effects of financial behavior and financial literacy on investment interest among graduate students of the Faculty of Economics and Business, Universitas Brawijaya, with locus of control as a moderating variable.    Design/methodology/approach – This replication study uses a quantitative approach with primary data collected through surveys. Respondents were selected using purposive sampling. The data were analyzed using multiple linear regression to test the relationships among variables.   Findings – The results show that financial behavior and financial literacy significantly influence investment interest. However, locus of control does not moderate the relationship between financial literacy and investment interest.   Originality/value – This study contributes to behavioral finance literature by examining the combined effects of financial behavior, financial literacy, and psychological factors on investment interest in a university student context.

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Journal Info

Abbrev

jmrk

Publisher

Subject

Decision Sciences, Operations Research & Management

Description

Publish all forms of quantitative and qualitative research articles and other scientific studies related to the field of Risk Management and ...