Pengaruh Risk Tolerance Terhadap Keputusan Mahasiswa Surabaya Berinvestasi Dengan Financial Literacy Sebagai Variabel Moderasi
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Keywords:
Risk Tolerance, Financial Literacy, Investment Decisions
Abstract
This study aims to test and prove the effect of risk tolerance on investment decisions and financial literacy can moderate risk tolerance on investment decisions. This research is a quantitative research with primary data. The analysis technique used is moderated regression analysis with WarpPLS 7.0 software. The study used students of the Faculty of Economics and Business, State University throughout the city of Surabaya, 2017-2018 as populations. The number of samples in this study were 100 respondents who were obtained by using purposive sampling technique. The results of the regression test show that risk tolerance affects investment decisions and financial literacy cannot moderate the relationship between risk tolerance and investment decisions.
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Prosad, J. M., Kapoor, S., & Sengupta, J. (2015). Behavioral biases of Indian investors: a survey of Delhi-NCR region. Qualitative Research in Financial Markets, 7(3). https://doi.org/10.1108/QRFM-04-2014-0012
Putra, A. (2014). Pengujian Personal Financial Behavior, Planned Behavior terhadap Self Control Behavior Dengan Theory Planned of Behavior. Jurnal Ilmiah Wahana Akuntansi, 9(1), 1–19. http://journal.unj.ac.id/unj/index.php/wahana-akuntansi/article/view/862
Rasuma Putri, N. M. D., & Rahyuda, H. (2017). PENGARUH TINGKAT FINANCIAL LITERACY DAN FAKTOR SOSIODEMOGRAFI TERHADAP PERILAKU KEPUTUSAN INVESTASI INDIVIDU. E-Jurnal Ekonomi Dan Bisnis Universitas Udayana. https://doi.org/10.24843/eeb.2017.v06.i09.p09
Bailey, J. J., & Kinerson, C. (2005). Regret avoidance and risk tolerance. Journal of Financial Counseling and Planning.
BUDIARTO, A. (2017). PENGARUH FINANCIAL LITERACY, OVERCONFIDENCE, REGRET AVERSION BIAS, DANRISK TOLERANCE TERHADAP KEPUTUSAN INVESTASI (Studi pada investor PT. Sucorinvest Central Gani Galeri Investasi BEI Universitas Negeri Surabaya). Jurnal Ilmu Manajemen (JIM), 5(2), 1–9.
Dewi, N. P. P. K., & Krisnawati, A. (2020). Pengaruh Financial Literacy, Risk Tolerance Dan Overconfidence Terhadap Pengambilan Keputusan Investasi Pada Usia Produktif Di Kota Bandung. Jurnal Mitra Manajemen, 2(4), 236–250. http://e-jurnalmitramanajemen.com/index.php/jmm/article/view/125/69
Hikmah, H., Siagian, M., & Siregar, P. (2020). Analisis Tingkat Literasi Keuangan, Experienced Regret, dan Risk Tolerance pada Keputusan Investasi di Batam. Jesya (Jurnal Ekonomi & Ekonomi Syariah), 3(1), 138–146. https://doi.org/10.36778/jesya.v3i1.142
Istichomaharani, I. S., & Habiba, S. S. (2016). Mewujudkan Peran Mahasiswa Sebagai “Agent of Change, Social Control, dan Iron Stock.”
kbbi. (n.d.). No Title. Retrieved January 18, 2021, from https://kbbi.web.id/hedonisme
MERTHA DEWI, I., & Purbawangsa, I. B. A. (2018). PENGARUH LITERASI KEUANGAN, PENDAPATAN SERTA MASA BEKERJA TERHADAP PERILAKU KEPUTUSAN INVESTASI. E-Jurnal Ekonomi Dan Bisnis Universitas Udayana. https://doi.org/10.24843/eeb.2018.v07.i07.p04
PRADIKASARI, E., & ISBANAH, Y. (2018). Pengaruh Financial Literacy, Illusion of Control, Overconfidence, Risk Tolerance, dan Risk Perception Terhadap Keputusan Investasi Pada Mahasiswa di Kota Surabaya. Jurnal Ilmu Manajemen (JIM), 6(4), 424–434.
Prosad, J. M., Kapoor, S., & Sengupta, J. (2015). Behavioral biases of Indian investors: a survey of Delhi-NCR region. Qualitative Research in Financial Markets, 7(3). https://doi.org/10.1108/QRFM-04-2014-0012
Putra, A. (2014). Pengujian Personal Financial Behavior, Planned Behavior terhadap Self Control Behavior Dengan Theory Planned of Behavior. Jurnal Ilmiah Wahana Akuntansi, 9(1), 1–19. http://journal.unj.ac.id/unj/index.php/wahana-akuntansi/article/view/862
Rasuma Putri, N. M. D., & Rahyuda, H. (2017). PENGARUH TINGKAT FINANCIAL LITERACY DAN FAKTOR SOSIODEMOGRAFI TERHADAP PERILAKU KEPUTUSAN INVESTASI INDIVIDU. E-Jurnal Ekonomi Dan Bisnis Universitas Udayana. https://doi.org/10.24843/eeb.2017.v06.i09.p09
Published
2021-11-01
How to Cite
Masruroh, D., & Perwita Sari, R. (2021). Pengaruh Risk Tolerance Terhadap Keputusan Mahasiswa Surabaya Berinvestasi Dengan Financial Literacy Sebagai Variabel Moderasi. JAE (JURNAL AKUNTANSI DAN EKONOMI), 6(3), 32-39. https://doi.org/10.29407/jae.v6i3.16155
Section
Volume 6 No 3 Tahun 2021
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