The Influence of Educational Investment Gallery (GIE) Establishment, Financial Efficacy, Financial Literacy, Financial Influencers, and Parents' Income on Students' Investment Interests in the Capital Market.
Keywords:
Investment Interests, Education Investment Gallery, Financial Efficacy, Financial Literacy, Financial Influencers, Parents’ Income.
Abstract
This study aims to determine the influence of the Educational Investment Gallery (GIE) establishment, financial efficacy, financial literacy, financial Influencers, and parents' income on students' investment interests in the capital market. This study was conducted by distributing questionnaires to 108 respondents who were equivalent high school students who had GIE facilities in their schools. This study used quantitative analysis technique with the Structural Equation Model Partial Least Square (SEM-PLS) approach. The data was analyzed using SmartPLS software. The test results show that the Education Investment Gallery (GIE), financial efficacy, financial literacy, financial influencers, and parents' income influence students' investment interest in the capital market. This is proven by the p-value of each variable indicating a value below 0.05 which means that there is a significant influence and the value of the path coefficient of each variable indicates a positive relationship direction. In general, this study found that there was a positive and significant influence of the variables of the Education Investment Gallery, financial efficacy, financial literacy, financial influencers, and parents' income on students' investment interests in the capital market.
References
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[27] Yushita, A. N. (2017). Pentingnya Literasi Keuangan bagi Pengelolaan Keuangan Pribadi. Jurnal Nominal, 6(1), 11–26.
[2] Azizah Shaari, N., Abu Hasan, N., Kumar Moona Haji Mohamed, R., & Ahmad Jafri Md Sabri, M. (2013). Financial Literacy: A Study Among The University Students. Interdisciplinary Journal Of Contemporary Research In Business5, 5, 279–299.
[3] Bandura, A. (1977). Self-efficacy: Toward a unifying Theory of behavioral change. Psychological Review, 84(2), 191–215. https://doi.org/10.1037/0033-295X.84.2.191
[4] Coşkuner, S. (2016). Understanding Factors Affecting Financial Satisfaction: The Influence of Financial Behavior, Financial Knowledge and Demographics. Imperial Journal of Interdisciplinary Research.
[5] Darmawan, A., Kurnia, K., & Rejeki, S. (2019). Pengetahuan Investasi, Motivasi Investasi, Literasi Keuangan Dan Lingkungan Keluarga Pengaruhnya Terhadap Minat Investasi Di Pasar Modal. Jurnal Ilmiah Akuntansi Dan Keuangan, 08(02), 44–56.
[6] Dwitadina, R. (2017). Pengaruh Literasi Keuangan dan Efikasi Keuangan terhadap Minat Mahasiswa S1-Ekonomi Berinvestasi di Pasar Modal. Universitas Kristen Maranatha.
[7] Esi, E. A. (2019). Pengaruh Pengetahuan Investasi terhadap Minat Berinvestasi Mahasiswa Jurusan Ekonomi Syariah Universitas Islam Negeri Sultan Syarif Kasim Riau. Institutional Repository.
[8] Farrell, L., Fry, T. R. L., & Risse, L. (2016). The significance of financial self-efficacy in explaining women’s personal finance behaviour. Journal of Economic Psychology, 54, 85–99. https://doi.org/10.1016/J.JOEP.2015.07.001
[9] Firdhausa, & Apriani. (2021). Pengaruh Platform Media Sosial Terhadap Minat Generasi Milenial Dalam Berinvestasi Di Pasar Modal. Supremasi Hukum, 17(2), 96–103. http://ejournal.unis.ac.id/index.php/JSH/article/view/1227/1115
[10] Hasanah, F., Wahyuningtyas, E. T., & Susesti, D. A. (2022). Dampak Motivasi Investasi, Persepsi Resiko, Literasi Dan Efikasi Keuangan Terhadap Minat Mahasiswa Berinvestasi Di Pasar Modal. Jurnal Akuntansi Unesa, 10(02), 1–10. https://journal.unesa.ac.id/index.php/akunesa/index
[11] Hikmah, & Ananda Rustam, T. (2020). Pengetahuan Investasi, Motivasi Investasi, Literasi Keuangan dan Persepsi Risiko Pengaruhya terhadap Minat Investasi pada Pasar Modal. Urnal Manajemen Dan Keuangan, 8, 131–140. https://sultanist.ac.id/index.php/sultanist
[12] KSEI. (2022, August). Statistika Pasar Modal. Kustodian Sentral Efek Indonesia. www.ksei.co.id
[13] Latifah, D. H. (2018). Pengaruh Galeri Investasi Bursa Efek Indonesia terhadap Pengetahuan dan Minat Berinvestasi Mahasiswa UIN Antasari Banjarmasin.
[14] Lusardi, A., & Klapper, L. (2013). Financial Literacy Around the World: Insights from the S&P Global FinLit Survey.
[15] Mulyadi, & Oktapiani, S. (2019). Pengaruh Galeri Investasi Bursa Efek Indonesia, Modal Minimal Investasi, dan Persepsi Return Terhadap Minat Investasi Saham di Pasar Modal. Jurnal Manajemen Ekonomi Dan Bisnis UTS, 1–16.
[16] Pangestika, T. (2019). Literasi dan Efikasi Keuangan Terhadap Minat Mahasiswa Berinvestasi di Pasar Modal. Jurnal Riset Bisnis Dan Manajemen, 12, 37–42.
[17] Putri, G. H., & Patria, B. (2018). Pengaruh Endorsement Selebriti Instagram terhadap Minat Beli Remaja Putri. Gadjah Mada Journal of Professional Psychology (GamaJPP), 4(1), 33–41. https://doi.org/10.22146/GAMAJPP.45347
[18] Ratna Pamitkasih, T., & Susanti, A. (2021). Minat Investasi di Kalangan Mahasiswa Generasi Milenial Di Surakarta. Jurnal Ilmiah Edunomika, 05(01), 662–670.
[19] Reviandani, W. (2022). Pengaruh Locus Of Control, Financial Knowledge dan Parental Income terhadap Perilaku Pengelolaan Keuangan. Manajemen Kewirausahaan JMK, 7(2), 68–77. https://doi.org/10.32503/jmk.v7i2.2481
[20] Salisa, N. R. (2021). Faktor yang Mempengaruhi Minat Investasi di Pasar Modal: Pendekatan Theory of Planned Behaviour (TPB). Jurnal Akuntansi Indonesia, 9(2), 182–194.
[21] Saputra, D. (2018). Pengaruh Manfaat, Modal, Motivasi dan Edukasi terhadap Minat dalam Berinvestasi di Pasar Modal. Future: Jurnal Manajemen Dan Akuntansi, 5(2), 178–190. https://www.neliti.com/id/publications/266016/
[22] Satiti, P. (2014). Pengaruh Pendapatan Dan Peran Aparat Kelurahan Terhadap Kesadaran Masyarakat Dalam Membayar Pajak Bumi Dan Bangunan Di Semanggi Rw VIII Pasar Kliwon Surakarta Tahun 2013. Jurnal Publikasi.
[23] Sipunga, & Muhammad. (2014). Kecenderungan Perilaku Konsumtif Remaja Di Tinjau Dari Pendapatan Orang Tua Pada Siswa-Siswi Sma Kesatrian 2 Semarang. Journal Of Social And Industrial Psychology, 3(1) .https://Journal.Unnes.Ac.Id/Sju/Index.Php/Sip/Article/View/3744
[24] Solis, B. (2012). The Rise of Digital Influence.
[25] Ultimagz. (2017). Transformasi Mahasiswa. Fokus Ultimagz. https://fokus.ultimagz.com/articles/transformasi-mahasiswa/transformasi-siswa-mahasiswa.html
[26] UPB. (2022). Galeri Investasi UPB, BEI, dan Phintraco Sekuritas Buka Galeri Investasi Edukasi BEI di SMK N 1 Kebumen. https://universitasputrabangsa.ac.id/galeri-investasi-upb-bei-dan-phintraco-sekuritas-buka-galeri-investasi-edukasi-bei-di-smk-n-1-kebumen/
[27] Yushita, A. N. (2017). Pentingnya Literasi Keuangan bagi Pengelolaan Keuangan Pribadi. Jurnal Nominal, 6(1), 11–26.
Published
2023-08-16
How to Cite
Fajrianti, R., Effendy, L., & Hudaya, R. (2023). The Influence of Educational Investment Gallery (GIE) Establishment, Financial Efficacy, Financial Literacy, Financial Influencers, and Parents’ Income on Students’ Investment Interests in the Capital Market. Proceeding of International E-Conference On Management & Small Medium Enterprise, 1(1), 414-429. Retrieved from http://prosiding.uika-bogor.ac.id/index.php/ICMSME/article/view/465
