Pengaruh Pengetahuan Investasi, Risk Tolerance, Dan Self Efficacy Terhadap Intensi Investasi Pasar Modal Pada Generasi-Z

Reza Fitriana Rizkia; Fitria Ardia Pramesti; Siti Amaroh

doi:10.24014/ibf.v4i2.23493

Pengaruh Pengetahuan Investasi, Risk Tolerance, Dan Self Efficacy Terhadap Intensi Investasi Pasar Modal Pada Generasi-Z

Reza Fitriana Rizkia, Fitria Ardia Pramesti, Siti Amaroh

Abstract

Investments in the country's actual economy and its capital market will increase as a result of globalization. Because of this, the capital market requires members of Generation Z to have a high level of self-awareness. The purpose of this study is to examine how generation Z investors' levels of investing expertise, risk aversion, and confidence influence financial market performance. The goal of this research was to identify the factors (investment knowledge, risk tolerance, and self-efficacy) that influence people's decisions to put money into the stock market. Gen Z is the focus of this investigation. Non-probability type purposive sampling was used to choose the 200 respondents who would make up this study's sample of members of Generation Z. The validity and reliability tests were used to evaluate the research instrument, and the classical assumption test and multiple regression analysis were used to analyze the collected data. Capital market investing intentions are positively related to investment knowledge, risk tolerance, and confidence, according to the investigation. The findings of this study have important implications for encouraging younger generations' interest, trust, and self-awareness in the capital market.

Keywords: Investment Intensity, Investment Knowledge, Risk Tolerance, Self Efficacy.

Full Text:

PDF

References

Ajija. (2011). Cara Cerdas Menguasai Eviews. Salemba Empat.

Amhalmad, I., & Irianto, A. (2019). Pengaruh Pengetahuan Investasi dan Motivasi Investasi Terhadap Minat Berinvestasi Mahasiswa Pendidikan Ekonomi Fakultas Ekonomi Universitas Negeri Padang. Jurnal EcoGen, 2(4), 734–746.

Amruddin, Priyanda, R., Agustina, T. S., Ariantini, N. S., Rusmayani, N. G. A. L., Aslindar, D. P., Ningsih, K. P., Wulandari, S., Putranto, P., Yuniati, I., Untari, I., Mujiani, S., & Wicaksono, D. (2022). Metodologi Penelitian Kuantitatif (ke-1). Pradina Pustaka.

Darmawan, A., & Japar, J. (2019). Pengaruh Pengetahuan Investasi, Modal Minimal, Pelatihan Pasar Modal dan Motivasi Terhadap Minat Investasi di Pasar Modal (Studi Pada Mahasiswa Feb Universitas Muhammadiyah Purwokerto). Jurnal Majalah Neraca, 15(1), 1–13.

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, 8(2), 44–56.

Firdaus, R. A., & Ifrochah, N. (2022). Pengaruh Pengetahuan Investasi Dan Motivasi Investasi Terhadap Minat Investasi Mahasiswa Politeknik Keuangan Negara Stan Di Pasar Modal. Jurnal Keuangan Negara Dan Kebijakan Publik, 2(1), 16–28.

Fitriasuari, & Simanjuntak, R. M. A. (2022). Pengaruh pengetahuan investasi, manfaat motivasi, dan modal minimal investasi terhadap keputusan investasi di Pasar Modal. Riset & Jurnal Akuntansi, 6(4), 3333–3343.

Florencia, I., & Arifin, A. Z. (2022). Pengaruh Financial Knowledge, Financial Self-Efficacy, dan Risk Perception Terhadap Investment Intention di Pasar Saham. Jurnal Manajerial Dan Kewirausahaan, 4(2), 378–388.

Frans, S. E. H. (2020). Pengaruh Ekspektasi Pengembalian , Toleransi Risiko , Dan Efikasi Diri Terhadap Minat Investasi Saham. Jurnal Manajerial Dan Kewirausahaan, 2(1), 22–32.

Ghozali. (2017). Aplikasi Analisis Multivariate dengan Program SPSS (1st ed.). Badan Penerbit UNDIP.

Halim, A. (2005). Analisis Investasi (2nd ed.). PT. Salemba Empat Patria.

Hidayat, L., Muktiadji, N., & Supriadi, Y. (2019). Pengaruh Pengetahuan Investasi Terhadap Minat Mahasiswa Berinvestasi di Galeri Investasi Perguruan Tinggi. 3(2), 63–70.

Irmiyani, N. W. D., Rusadi, N. W. P., Premayanti, K. A., & Pradana, P. A. (2022). Motivasi, Pengetahuan Investasi, Self-Efficacy dan Minat Investasi selama Pandemi Covid-19. Jurnal Akuntansi, 32(10), 3176–3196. https://doi.org/10.24843/EJA.2022.v32.i10.p20

Ismail, S., Faique, F. A., Bakri, M. H., Teknikal, U., Zain, Z. M., & Melaka, U. (2017). The Role of Financial Self - Efficacy Scale in Predicting Financial Behavior. American Scientific Publishers, 1–5.

Kurniawan, P. I. (2021). Effect of Expected Return, Self Efficacy, and Perceived Risk on Investment Intention: An Empirical Study on Accounting Master Degree in Udayana, Bali. Journal of Accounting, Finance and Auditing Studies, 7(1), 40–56. https://doi.org/10.32602/jafas.2021.002

Laurency, J. S., & Arifin, A. Z. (2022). Pengaruh Financial Attitude, Financial Self-Efficacy, Dan Risk Perception Terhadap Investment Intention. Jurnal Manajerial Dan Kewirausahaan, 4(3), 617–626.

Lioera, G., Susanto, Y. K., & Supriatna, D. (2022). Faktor-Faktor yang Mempengaruhi Minat Investasi Mahasiswa di Pasar Modal. Jurnal Media Bisnis, 14(2), 179–188.

Lubis, P. K. D. (2019). Influence of Knowledge Investment and Investment Motivation Against the Interest of Investing in the Stock Market on Economic Education Status of Students of State University of Medan. Journal of Physics: Conference Series, 1387, 1–5. https://doi.org/10.1088/1742-6596/1387/1/012064

Maulana, A. M., & Kaukab, M. E. (2020). Apa Yang Mempengaruhi Mahasiswa Berminat Investasi Saham? Jurnal Neraca, 16(1), 1–13.

Nabilah, F., & Hartutik. (2020). Pengaruh Pengetahuan, Religiusitas dan Motivasi Investasi Terhadap Minat Berinvestasi Pasar Modal Syariah Pada Komunitas Investor Saham Pemula. Jurnal Taraadin, 1(1), 55–67.

Ortega, S. L. (2023). Pengaruh Literasi Keuangan , Kemajuan Teknologi , Investasi di Pasar Modal. Jurnal Ilmiah Bidang Sosial, Ekonomi, Budaya, Teknologi, Dan Pendidikan, 2(2), 709–726. https://doi.org/https://doi.org/10.54443/sibatik.v2i2.648

Samsuri, A., Ismiyanti, F., & Narsa, I. M. (2019). Effects of Risk Tolerance and Financial Literacy to Investment Intentions. International Journal of Innovation, 10(9), 40–54.

Sobaih, A. E. E. and I. A. E. (2023). Risk-Taking , Financial Knowledge , and Risky Investment Intention : Expanding Theory of Planned Behavior Using a Moderating-Mediating Model. Journal Mathematics, 11, 1–17.

Sugiyono. (2017). Metode Penelitian Kuantitatif, Kualitatif, dan R&D. CV. Alfabeta.

Suryabrata, S. (2006). Metodologi Penelitian. PT. Raja Grafindo Persada.

Syaputra, A. (2022). Pengaruh Pengetahuan Investasi di Pasar Modal Terhadap Minat Berinvestasi Mahasiswa. JOSR: Journal of Social Research, 1(3), 163–168.

Trisnatio, Y. A. (2017). Pengaruh Ekspektasi Return, Persepsi Terhadap Risiko, dan Self Efficacy Terhadap Minat Investasi Saham Mahasiswa Fakultas Ekonomi Universitas Negeri Yogyakarta. Skripsi Akuntansi, 16–203.

Utsman, M. A. (2021). Analisis Pengaruh Risk Tolerance , Financial Attitude , Dan Literasi Keuangan Syariah Terhadap Keputusan Investasi Saham Syariah ( Studi Kasus : Investor Millenial ). Jurnal Ilmu Ekonomi, 9(2), 1–15.

Wardani, D. K. (2020). Pengaruh Sosialisasi Pasar Modal dan Persepsi atas Risiko terhadap Minat Investasi Mahasiswa di Pasar Modal. Jurnal Akuntansi, 12(1), 13–22.

Wibowo, A., & Purwohandoko. (2019). Pengaruh Pengetahuan Investasi, Kebijakan Modal Minimal Investasi, dan Pelatihan Pasar Modal Terhadap Minat Investasi. Jurnal Ilmu Manajemen, 7(1), 192–201.

DOI: http://dx.doi.org/10.24014/ibf.v4i2.23493