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How Millennials Make Investment Decisions: Financial Literacy and Financial Behavior

Dewi Tamara & Anita Maharani

Economics and Finance in Indonesia2024https://doi.org/10.47291/efi.2024.09article
ABDC C
Weight
0.30

What the paper says

This study investigates the effect of financial literacy, financial attitude, risk perception, and financial behavior on investment decisions. Employing a survey method with 342 respondents in Jakarta, the findings reveal that financial literacy has a negative and insignificant effect on investment decisions. In contrast, risk perception plays a crucial role in influencing investment decisions. Furthermore, financial behavior has an indirect mediating effect between financial literacy and risk perception on investment decisions but does not affect financial attitude. This study concludes that risk perception and financial behavior are important factors in investment decisions. Future research may consider incorporating other variables such as herding behavior or overconfidence.

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https://doi.org/https://doi.org/10.47291/efi.2024.09

Or copy a formatted citation

@article{dewi2024,
  title        = {{How Millennials Make Investment Decisions: Financial Literacy and Financial Behavior}},
  author       = {Dewi Tamara & Anita Maharani},
  journal      = {Economics and Finance in Indonesia},
  year         = {2024},
  doi          = {https://doi.org/https://doi.org/10.47291/efi.2024.09},
}

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How Millennials Make Investment Decisions: Financial Literacy and Financial Behavior

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Evidence weight

0.30

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.00 × 0.4 = 0.00
M · momentum0.50 × 0.15 = 0.07
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.