Matrik: Jurnal Manajemen, Strategi Bisnis, Dan Kewirausahaan
Vol. 19 No. 2 (2025)

IMPROVING FINANCIAL LITERACY AND PERCEPTION TO INCREASE PUBLIC INVOLVEMENT IN CAPITAL MARKETS: EVIDENCE IN INDONESIA

Dito Rinaldo (Sekolah Tinggi Ilmu Ekonomi EKUITAS, Bandung, Indonesia)
Vina Anggilia Puspita (Universitas Teknologi Digital, Bandung, Indonesia,)
Nico Irawan (Thai Global Business Administration Technological College, Thailand)



Article Info

Publish Date
12 Sep 2025

Abstract

The insufficient financial literacy of the Indonesian people causes low public involvement in the capital market; thus, this study seeks to build a capital market education model that can be a solution to this problem. The SEM-PLS technique was used to test hypotheses on 155 people from West Java.  The findings of this study show that the financial literacy level of the Indonesian people is still very poor, their knowledge of investment and managing emergency funds is very restricted, and their lifestyle tends to be consumptive. Also, there is still a negative view of capital market perception, which makes people hesitant to join the market. In contrast to earlier research, this study proposes a novel capital market education model based on the findings of variable tests and indicators, with the expectation that it would be used to increase literacy and improve public perceptions of the capital market.

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Journal Info

Abbrev

jmbk

Publisher

Subject

Decision Sciences, Operations Research & Management Economics, Econometrics & Finance

Description

MATRIK: JURNAL MANAJEMEN, STRATEGI BISNIS, DAN KEWIRAUSAHAAN aims as a medium of exchange of information and scientific works among the teaching staff, alumni, students, practitioners and observers of science in management, business strategy and entrepreneurship. MATRIK: JURNAL MANAJEMEN, STRATEGI ...