JURNAL MANAJEMEN MODAL INSANI DAN BISNIS (JMMIB)
Vol. 7 No. 1 (2026): Juli

FAKTOR PENENTU TERHADAP MINAT INVESTASI DI PASAR MODAL

Riana Tri Mukti (Universitas Prof. Dr. Hazairin, SH Bengkulu)
Idham Lakoni (Universitas Prof. Dr. Hazairin, SH Bengkulu)
Melvi Yansi (Universitas Prof. Dr. Hazairin, SH Bengkulu)



Article Info

Publish Date
13 Jul 2026

Abstract

This study aims to determine whether financial literacy, financial efficacy, and technological development influence investment interest in the capital market among students in Bengkulu City. This study uses a quantitative explanatory research method to determine the influence of the independent and dependent variables. The sample size in this study was 150. The analysis used in this study is Smartpls Version 4 2026. The results of the path coefficient analysis show that Financial Literacy (X₁) positively and significantly influences students' investment interest in Bengkulu City (Y), with a path coefficient of 0.478, t-statistic 6.586 (>1.96), and p-value 0.000 (<0.05). Financial efficacy (X2) positively and significantly influences students' investment interest in Bengkulu City (Y), with a path coefficient of 0.119, t-statistic 5.872 (>1.96), and p-value 0.000 (<0.05). Technological development (X3) positively and significantly influences students' investment interest in Bengkulu City (Y), with a path coefficient of 0.323, t-statistic 5.626 (>1.96), and p-value 0.000 (<0.05). Simultaneously, the three independent variables (X₁, X₂, X₃) influence the investment interest of students in Bengkulu City (Y) with an R-squared value of 0.840 and an Adjusted R-squared value of 0.837. This means that 84.0% of the variation in investment interest is explained by this model, while 16.0% is influenced by external factors. The partial effect indicates a dominant order: Financial Literacy (47.8%) > Financial Efficacy (11.9%) > Technological Development (32.3%), with all p-values ​​0.000. Keywords: Financial Literacy, Financial Efficacy, Technological Development, and Investment Interest

Copyrights © 2026






Journal Info

Abbrev

jmmib

Publisher

Subject

Economics, Econometrics & Finance

Description

Lingkup jurnal mencakup: Tata kelola perusahaan, manajemen sumber daya manusia, manajemen SDM strategis, kewirausahaan, pemasaran, e-bisnis, manajemen teknologi informasi, manajemen operasi, manajemen keuangan, kepemimpinan, dan ekonomi ...