<![CDATA[This study examines the effects of financial literacy and risk perception on investment intention, with financial self-efficacy serving as a mediating variable among residents of Semarang City, Indonesia. A quantitative explanatory research design was employed using purposive sampling to collect data from 170 respondents. Data were analyzed using Partial Least Squares Structural Equation Modeling (PLS-SEM) with SmartPLS 4. The findings indicate that financial literacy has no significant effect on financial self-efficacy. In contrast, risk perception positively and significantly influences financial self-efficacy. Furthermore, financial literacy, risk perception, and financial self-efficacy each have significant positive effects on investment intention. Mediation analysis reveals that financial self-efficacy does not mediate the relationship between financial literacy and investment intention but partially mediates the relationship between risk perception and investment intention. These findings highlight the importance of psychological factors, particularly financial self-efficacy, in strengthening investment intention and provide practical implications for developing more effective financial education and investment literacy programs]]>
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