Hubungan antara Persepsi Risiko, Persepsi Imbal Hasil, dan Minat Berinvestasi pada Reksa Dana Syariah di Kalangan Generasi Z di Kota Medan

Keisya Putri Balqis
Juliana Nasution
Rahmat Daim Harahap

JURNAL MANAJEMEN MOTIVASI
Vol 22 No 2 (2026): Jurnal Manajemen Motivasi

This study examines associations of risk and return perceptions with investment interest in sharia mutual funds among Generation Z in Medan City. A purposive survey of 100 respondents was analysed using multiple regression in SPSS. Both perceptions were positively and significantly associated with investment interest individually (risk: t = 2.647, p = .009; return: t = 11.163, p < .001); the joint model was significant. Return perception had the larger standardized coefficient. The model accounted for 56.8% of in-sample variation (R² = .568; adjusted R² = .559). Observational self-reports and nonprobability sampling limit generalization and causal interpretation.