The Impact of Financial Literacy, Investment Knowledge, and Investment Motivation on Investment Decisions

Sri Handini

doi:10.58812/wsjee.v2i01.553

Authors

Sri Handini Dr. Soetomo University

DOI:

https://doi.org/10.58812/wsjee.v2i01.553

Keywords:

Decision making, Financial literacy, Investment knowledge, Investment motivation, Management students

Abstract

This study investigates the relationship between management students' investment decisions and their financial literacy, knowledge, and motivation at Dr. Soetomo University in Surabaya. A total of 308 students from this academic program were chosen for the study using purposive sampling techniques, guaranteeing that the study's population is representative of the student body. We distributed carefully crafted questionnaires for data collection through Google Forms as part of the methodology used in this study. Purposive sampling methods are used to ensure the student body is well represented. We meticulously examined the gathered data using a variety of statistical methods. Among these were evaluations of reliability and validity, analyses of multiple linear regression, tests of classical assumptions, evaluations of correlation coefficients, and F and t-tests. This study uncovered insightful relationships between students' financial literacy, investment knowledge, motivation, and investment decisions. The study found no statistically significant impact of financial literacy on investment decisions, contrary to expectations. The results of the study, however, highlighted the importance of respondents' unique investment knowledge and motivation in molding their investment choices. Students' level of financial literacy, investment knowledge, and investment motivation significantly impacted their investment decisions as a whole. By considering these factors in context, we can better understand the complex dynamics at work when management students at Dr. Soetomo University make investment decisions.

Author Biography

Sri Handini, Dr. Soetomo University

Dr. Sri Handini, MM, with the functional position of Associate Professor, born in Madiun November 12, completed his Undergraduate Education Studies (S1) at the College of Finance Finance Concentration in Surabaya, Followed the Master of Management Program (S2) Finance Concentration at Gajah Mada University Yogyakarta, Continued the Doctoral Program (S3) at the University of August 17, 1945 by writing a Dissertation on Capital Market Finance. Her career in Education began in 1989 as a Permanent Lecturer at the Faculty of Economics and Business, Dr.Soetomo University and taught in the S1 Program, Master of Management Program and S3 Management Study Program. The subjects are Financial Management, Advanced Financial Management, Derivative Financial Management, Portfolio Theory and Capital Market, Financial Statement Analysis and Risk Management. As well as teaching at several private universities in Surabaya and as a researcher. The author can be contacted by e-mail at srihandini321@gmail.com

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The Impact of Financial Literacy, Investment Knowledge, and Investment Motivation on Investment Decisions

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Author Biography

Sri Handini, Dr. Soetomo University

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