cover
Article Per Year (5 Year)
All
Home Page
OAI Link
Editorial Team
Contact
Reviewer
Google Scholar
Contact Name
Yuni Rimawati
Contact Email
infestasi@trunojoyo.ac.id
Phone
+6282232737905
Journal Mail Official
infestasi@trunojoyo.ac.id
Editorial Address
-
Location
Kab. bangkalan,
Jawa timur
INDONESIA
Infestasi
Published by Universitas Trunojoyo Madura
ISSN : 02169517     EISSN : 24608505     DOI : doi.org/10.21107/infestasi
Core Subject : Economy,
Economics, Econometrics & Finance
Arjuna Subject : -
Articles 311 Documents
 28   29   30   31   32 
Digital Financial Decisions: Evidence on Social Influence, Technology, and Herd Behavior in Emerging Financial Ecosystems Halimatus Sakdiyah; Ira Yudistira; Imam Wahyudi
InFestasi Vol 22, No 1 (2026): JUNE
Publisher : Universitas Trunojoyo Madura

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21107/infestasi.v22i1.33892

Abstract

The rapid growth of digital financial ecosystems has transformed how individuals make investment and consumption decisions within socially connected and technology-driven environments. This study examines the influence of psychological, social, and technological factors on herd behavior and digital investment decisions, as well as their implications for perceived market impact. Using a quantitative approach, data were collected from 105 active users of digital financial platforms in East Java, Indonesia, including cryptocurrency investors, paylater users, and digital investment application users. The data were analyzed using Structural Equation Modeling–Partial Least Squares (SEM-PLS). The findings reveal that social and technological factors positively and significantly influence investment and consumption decisions, while psychological factors significantly affect herd behavior but do not directly influence investment decisions. Herd behavior also does not significantly moderate the relationships between psychological, social, and technological factors and investment decisions. Furthermore, investment and consumption decisions significantly contribute to perceived market impact. These findings indicate that digital financial behavior is increasingly shaped by social interaction and technological facilitation rather than solely by internal psychological mechanisms. This study contributes to behavioral finance literature by extending herd behavior analysis into digitally mediated financial environments.

Page 32 of 32 | Total Record : 311

 28   29   30   31   32 

Filter by Year

2006 2026


Reset
Filter By Issues
All Issue Vol 22, No 1 (2026): JUNE Vol 21, No 2 (2025): DECEMBER Vol 21, No 1 (2025): JUNE Vol 20, No 2 (2024): DECEMBER Vol 20, No 1 (2024): JUNE Vol 19, No 2 (2023): DESEMBER Vol 19, No 1 (2023): JUNI Vol 18, No 2 (2022): DESEMBER Vol 18, No 1 (2022): JUNI Vol 17, No 2 (2021): DESEMBER Vol 17, No 1 (2021): JUNI Vol 16, No 2 (2020): DESEMBER Vol 16, No 1 (2020): JUNI Vol 15, No 2 (2019): DESEMBER Vol 15, No 1 (2019): JUNI Vol 15, No 1 (2019): JUNI Vol 14, No 2 (2018): DESEMBER Vol 14, No 2 (2018): DESEMBER Vol 14, No 1 (2018): JUNI Vol 14, No 1 (2018): JUNI Vol 13, No 2 (2017): DESEMBER Vol 13, No 1 (2017): JUNI Vol 12, No 2 (2016): Desember Vol 12, No 1 (2016): JUNI Vol 11, No 2 (2015): DESEMBER Vol 11, No 1 (2015): JUNI Vol 10, No 2 (2014): DESEMBER Vol 10, No 1 (2014): JUNI Vol 9, No 2 (2013): DESEMBER Vol 9, No 1 (2013): JUNI Vol 8, No 2 (2012): DESEMBER Vol 8, No 1 (2012): JUNI Vol 7, No 2 (2011): DESEMBER Vol 7, No 1 (2011): JUNI Vol 6, No 2 (2010): DESEMBER Vol 6, No 1 (2010): JUNI Vol 5, No 2 (2009): DESEMBER Vol 5, No 1 (2009): JUNI Vol 4, No 2 (2008): DESEMBER Vol 4, No 2 (2008): DESEMBER Vol 4, No 1 (2008): JUNI Vol 3, No 2 (2007): DESEMBER Vol 3, No 1 (2007): JUNI Vol 2, No 2 (2006): DESEMBER Vol 2, No 1 (2006): JUNI More Issue