The effect of financial literacy, financial self-efficacy, financial technology literacy, and risk perception on stock investment decisions: Millennials preferences
Nowadays, investment has major importance for future contingencies. The millennials are one that currently take over a large number of capital market investors. To advocate optimal and sustainable decision-making in stock investment, it is important to explore the determinants of investment decisio...
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| Format: | Article |
| Language: | English |
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Universitas Islam Indonesia, Faculty of Business and Economics, Department of Management
2025-02-01
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| Series: | Asian Management and Business Review |
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| Online Access: | https://journal.uii.ac.id/AMBR/article/view/35898 |
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| _version_ | 1823863906383167488 |
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| author | Cahyo Sunarko Sutrisno Sutrisno |
| author_facet | Cahyo Sunarko Sutrisno Sutrisno |
| author_sort | Cahyo Sunarko |
| collection | DOAJ |
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Nowadays, investment has major importance for future contingencies. The millennials are one that currently take over a large number of capital market investors. To advocate optimal and sustainable decision-making in stock investment, it is important to explore the determinants of investment decisions which include financial literacy, financial self-efficacy, and risk perception. The study was conducted to assess the influence of financial literacy, financial self-efficacy, financial technology literacy, and risk perception on stock investment decisions in the millennial generation of Yogyakarta Special Region. The population of this study was millennial stock investors in the D.I. Yogyakarta province. The sample is used with criteria that age in between investing 28–43 years old; namely 115 people. The data was collected via a survey strategy and then analyzed using the SEM-PLS technique. Based on the research findings, it can be concluded that financial literacy has a significant positive effect on stock investment decisions among the millennials in Yogyakarta. Conversely, financial self-efficacy negatively impacts stock investment decisions significantly. Additionally, financial technology literacy also demonstrates a positive and significant influence on stock investment decisions. In contrast, risk perception does not appear to affect stock investment decisions among millennials in Yogyakarta. Theoretical and practical implications are discussed in the last section of this article.
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| format | Article |
| id | doaj-art-40ab115a2403423682b5a355745413e5 |
| institution | Kabale University |
| issn | 2775-202X |
| language | English |
| publishDate | 2025-02-01 |
| publisher | Universitas Islam Indonesia, Faculty of Business and Economics, Department of Management |
| record_format | Article |
| series | Asian Management and Business Review |
| spelling | doaj-art-40ab115a2403423682b5a355745413e52025-02-09T08:57:01ZengUniversitas Islam Indonesia, Faculty of Business and Economics, Department of ManagementAsian Management and Business Review2775-202X2025-02-015110.20885/AMBR.vol5.iss1.art2The effect of financial literacy, financial self-efficacy, financial technology literacy, and risk perception on stock investment decisions: Millennials preferencesCahyo Sunarko0Sutrisno Sutrisno1Master of Management, Faculty of Business and Economics, Universitas Islam Indonesia, Yogyakarta, IndonesiaMaster of Management, Faculty of Business and Economics, Universitas Islam Indonesia, Yogyakarta, Indonesia Nowadays, investment has major importance for future contingencies. The millennials are one that currently take over a large number of capital market investors. To advocate optimal and sustainable decision-making in stock investment, it is important to explore the determinants of investment decisions which include financial literacy, financial self-efficacy, and risk perception. The study was conducted to assess the influence of financial literacy, financial self-efficacy, financial technology literacy, and risk perception on stock investment decisions in the millennial generation of Yogyakarta Special Region. The population of this study was millennial stock investors in the D.I. Yogyakarta province. The sample is used with criteria that age in between investing 28–43 years old; namely 115 people. The data was collected via a survey strategy and then analyzed using the SEM-PLS technique. Based on the research findings, it can be concluded that financial literacy has a significant positive effect on stock investment decisions among the millennials in Yogyakarta. Conversely, financial self-efficacy negatively impacts stock investment decisions significantly. Additionally, financial technology literacy also demonstrates a positive and significant influence on stock investment decisions. In contrast, risk perception does not appear to affect stock investment decisions among millennials in Yogyakarta. Theoretical and practical implications are discussed in the last section of this article. https://journal.uii.ac.id/AMBR/article/view/35898Investment decisionFinancial literacyFinancial self-efficacyFinancial technology literacyRisk perceptionMillennials |
| spellingShingle | Cahyo Sunarko Sutrisno Sutrisno The effect of financial literacy, financial self-efficacy, financial technology literacy, and risk perception on stock investment decisions: Millennials preferences Asian Management and Business Review Investment decision Financial literacy Financial self-efficacy Financial technology literacy Risk perception Millennials |
| title | The effect of financial literacy, financial self-efficacy, financial technology literacy, and risk perception on stock investment decisions: Millennials preferences |
| title_full | The effect of financial literacy, financial self-efficacy, financial technology literacy, and risk perception on stock investment decisions: Millennials preferences |
| title_fullStr | The effect of financial literacy, financial self-efficacy, financial technology literacy, and risk perception on stock investment decisions: Millennials preferences |
| title_full_unstemmed | The effect of financial literacy, financial self-efficacy, financial technology literacy, and risk perception on stock investment decisions: Millennials preferences |
| title_short | The effect of financial literacy, financial self-efficacy, financial technology literacy, and risk perception on stock investment decisions: Millennials preferences |
| title_sort | effect of financial literacy financial self efficacy financial technology literacy and risk perception on stock investment decisions millennials preferences |
| topic | Investment decision Financial literacy Financial self-efficacy Financial technology literacy Risk perception Millennials |
| url | https://journal.uii.ac.id/AMBR/article/view/35898 |
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