The Influence of Financial Literacy Level, Perception of Return and Technological Progress on Investment Interest of Millennial Generation in Central Jakarta

Fajar Riyadi Syawaluddin; Heri Ispriyahadi

doi:10.55927/fintech.v1i4.6248

Authors

Fajar Riyadi Syawaluddin Universitas Teknologi Muhammadiyah, Jakarta
Heri Ispriyahadi Universitas Teknologi Muhammadiyah, Jakarta

DOI:

https://doi.org/10.55927/fintech.v1i4.6248

Keywords:

Financial Literacy, Perceived Return, Technological Advancement, Investment Interest, Millennial Generation

Abstract

Capital markets play a significant role in enhancing a country's economic development, as well as national development. The millennial generation is expected to be the leader of growth in the economic field. This research uses quantitative methodology with the Partial Least Square Technique approach to test data instruments. The sample size was determined using Hair's formula. The research findings show that financial literacy has a positive and significant effect on millennials' investment interest, while perceived returns and technological advances have no significant effect on millennials' investment interest. The results of this study can be utilized by agencies and the government can work with the financial industry to help millennials understand investment work and help millennials understand financial concepts.

Downloads

Download data is not yet available.

References

Aini, N., Maslichah, & Junaidi. (2019). The Effect of Investment Knowledge and Understanding, Minimum Investment Capital, Return, Risk and Investment Motivation on Student Interest in Investing in the Capital Market (Study on Students of the Faculty of Economics and Business, Malang City). E-Jra 08, 08 (05), 28-52.

Ajzen, I. (1991). The theory of planned behavior. Organizational Behavior and Human Decision Processes, 50(2), 179-211.

Amalia, H. F. (2019). The Effect of Return and Risk on Investment Interest in the Investment Gallery of the Ponorogo State Islamic Institute.

Ariani, S., Rahmah, P. A. A., Putri, Y. R., Rohmah, M., Budiningrum, A., & Lutfi. (2016). The effect of financial literacy, locus of control, and ethnicity on investment decision making. Journal of Business & Banking, 5(2), 257.

Bangun, V. L. (2020). The Effect of Financial Literacy, Risk Perception and Overconfidence on Investment Decisions (Case Study on Millennial Generation in Yogyakarta). 2507 (February), 1-9.

Hair, J. F., Black, W. C., Babin, B. J., & Anderson, R. E. (2010). Multivariate Data Analysis (Seventh Edition) (7th ed.).

Hair, J. F., Ringle, C. M., & Sarstedt, M. (2011). PLS-SEM: INDEED A SILVER BULLET. Journal of Marketing Theory and Practice, 19, No. 2, 13.

Karmila, R. (2018). Analysis of Factors Affecting Student Interest in Investing in the Capital Market (Case Study of All Students Listed as Sharia Investors in Idx Jambi City). In Thesis.

Kartawinata, B. R., & Mubaraq, M. I. (2018). The Effect of Financial Competence on Financial Literacy for Women in Makassar. OIKOS Journal of Economic Education and Economics Studies, II, 87-100.

Marlin, K. (2020). The Effect of Investment Knowledge, Perception of Return, and Investment Motivation on Investment Interest in the Sharia Investment Gallery of the Indonesia Stock Exchange Iain Batusangkar. Syntax Literate; Indonesian Scientific Journal, 5 (6), 120.

Monetary Authority of Singapore. (2005). Financial Literacy Levels in Singapore, Full Report.pdf. Media Research Consultants, July, 1-103.

Negara, A. K., & Febrianto, H. G. (2020). The Effect of Advances in Information Technology and Investment Knowledge on Millennial Generation Investment Interest in the Capital Market. Business Management Journal, 16(2), 81.

Purboyo, Zulfikar, R., & Wicaksono, T. (2019). The Effect of Investment Gallery Activity, Minimum Investment Capital, Perception of Risk and Perception of Return on Interest in Sharia Stock Investment. Journal of Management Insights, 7, 136-150.

Romdioni, A. N., & Ulita, A. S. (2021). Financial Literacy and Perceived Return on Investment Decisions. Musamus Accounting Journal, 3(2), 10-19.

Sugiyono. (2016). Quantitative, Qualitative and R&D Research Methods.

Tandio, & Widanaputra. (2016). The Effect of Capital Market Training, Return, Perception, Risk, Gender, and Technological Progress on Student Investment Interest. E-Journal of Accounting, Udayana University, 16(3), 2316-2341.

Ummah, S. (2020). The Effect of Financial Literacy, Investment Knowledge, Minimum Capital, and Technological Advances on Student Interest in Investing in Shares in the Capital Market. Journal of Islamic Economics.

Yusuf, M. (2019). The Effect of Technological Advances and Knowledge on Millennial Generation Interest in Investing in the Capital Market.