Innovation Business Management and Accounting Journal
Vol. 3 No. 3 (2024): July - September

Cointegration of Financial Literacy and Financial Behavior of Student Investment Decision Making

J H Wijaya (Universitas Widyatama)
Febyana Rizki Dwiputeri (Universitas Widyatama)
Dittia Avliliani (Universitas Widyatama)
Ivan Gumilar Sambas Putra (Universitas Widyatama)



Article Info

Publish Date
06 Jul 2024

Abstract

This research was conducted to measure the impact of long-term influence between financial literacy and financial behaviour on student investment decisions. The sample in this study was 120 undergraduate Management students at Widyatama University. The data was collected by using a questionnaire and the sampling technique was using non-probability sampling with a more specific technique that was taken by the researcher in the non-probability sampling technique was purposive sampling. The total sample used in this study was 120 respondents. The method used is multiple linear regression analysis. The results showed that the independent variables, namely financial literacy and financial behaviour, had a long-term influence on the dependent variable, namely investment decisions. The findings suggest that enhancing financial literacy and promoting positive financial behaviors among students can lead to more informed and effective investment decisions in the long run. Consequently, universities and educational institutions should consider integrating comprehensive financial education programs into their curricula to better prepare students for future financial challenges and opportunities.

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Journal Info

Abbrev

ibmaj

Publisher

Subject

Description

Innovation Business Management and Accounting Journal is a multidisciplinary international journal in the fields of entrepreneurial innovation, business practice, management, and accounting. Innovation Business Management and Accounting Journal published four times in year: January-March, ...