Equity: Jurnal Akuntansi
Vol. 7 No. 1: September 2026

Perceived Financial Literacy, Financial Behavior, FoMO, and Students’ Stock Investment Interest

Kevin Febriawan (Universitas Bhayangkara Surabaya)
Nurul Qomari (Universitas Bhayangkara Surabaya)
Nurul Iman (Universitas Bhayangkara Surabaya)



Article Info

Publish Date
06 Sep 2026

Abstract

Young investors increasingly dominate Indonesia’s capital market, yet investment interest may reflect both financial readiness and social emotional pressure. This study examines the associations of perceived financial literacy, financial behavior, and Fear of Missing Out (FoMO) with stock investment interest among 164 students of the Faculty of Economics and Business, Bhayangkara University Surabaya. Data from a cross sectional survey were analyzed using multiple linear regression. The model was significant, F (3,160)= 56.120, p < .001, with R²= .513 and adjusted R²= .504. Perceived financial literacy (β= .543, p < .001), financial behavior (β= .247, p < .001), and FoMO (β= .133, p= .025) were positively associated with investment interest. Perceived financial literacy had the largest standardized coefficient, while FoMO showed a smaller but detectable association. The pattern suggests that student investment interest reflects financial capability, behavioral readiness, and a social emotional component, supporting investment education that integrates financial knowledge, money management routines, and behavioral awareness.

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Journal Info

Abbrev

equity

Publisher

Subject

Economics, Econometrics & Finance Social Sciences

Description

Equity: Jurnal Akuntansi merupakan jurnal elektronik yang berisikan artikel ilmiah, hasil penelitian dan pengabdian masyarakat dalam bidang ekonomi akuntansi. Jurnal ini diterbitkan oleh Program Studi Akuntansi, Fakultas Ekonomi dan Bisnis Universitas Bhayangkara Surabaya. Equity: Jurnal Akuntansi ...