JURNAL MANAJEMEN MOTIVASI
Vol 22 No 1 (2026): Jurnal Manajemen Motivasi

The Influence of Financial Literacy and Income on Investment Decisions: A Case Study of MSMEs in Medan City

Rudianto, Rudianto (Unknown)
Farrell , Edric (Unknown)
Khana Saputri (Unknown)
Pasaribu , Lidya Natalia (Unknown)

Article Info

Publish Date
10 Dec 2025

Abstract

This study examines the influence of financial literacy and income on investment decisions among 182 MSME actors in Medan City using a quantitative approach. Data were collected via questionnaires and analyzed through model evaluation, structural analysis, and effect size measurement. Results show that financial literacy significantly affects investment decisions (f² = 0.777), explaining 77.7% of the variance. Income also contributes (f² = 0.170), accounting for 17% of the variance. The remaining 5.3% is attributed to other factors beyond the study’s scope.

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Journal Info
JURNAL MANAJEMEN MOTIVASI
Website

Abbrev

jm_motivasi

Publisher

Universitas Muhammadiyah Pontianak

Subject

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

Description

Jurnal Manajemen Motivasi (JMM) adalah Jurnal Ilmiah Fakultas Ekonomi dan Bisnis Universitas Muhammadiyah Pontianak yang diterbitkan secara berkala 2 (dua) kali dalam satu tahun (Juni dan Oktober) sebagai sarana untuk menyebarluaskan hasil penelitian dan ilmu pengetahuan di bidang ilmu manajemen ...