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Growing Science » Accounting » Can financial literacy become an effective mediator for investment intention?

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Accounting

ISSN 2369-7407 (Online) - ISSN 2369-7393 (Print)
Quarterly Publication
Volume 7 Issue 7 pp. 1591-1600 , 2021

Can financial literacy become an effective mediator for investment intention? Pages 1591-1600 Right click to download the paper Download PDF

Authors: Kelvin Tanuwijaya, Ignatius Roni Setyawan

DOI: 10.5267/j.ac.2021.5.011

Keywords: Financial Socialization, Financial Experience, Financial Literacy, Investment Intention, College Students

Abstract: The lifestyle of Indonesian people who are very consumptive makes it difficult for people to invest. This can be shown in the number of capital market investors in Indonesia which is only 0.61% of the total population. The low level of financial literacy in Indonesia is one factor. Many people do not understand finance so they cannot manage finances properly. In this study, we look for 130 respondents who are college students to find out how financial socialization and financial experience influence on investment intention through financial literacy. The theory used in this research is theory of planned behavior and social learning theory. In this study, financial literacy can only mediate the financial experience of investment intention. The results of this study are in accordance with the theory of planned behavior in which one of the elements is perceived behavioral control with self-control factors originating from within, namely experience so that the financial experience is expected to generate interest in investing.

How to cite this paper
Tanuwijaya, K & Setyawan, I. (2021). Can financial literacy become an effective mediator for investment intention?.Accounting, 7(7), 1591-1600.

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Journal: Accounting | Year: 2021 | Volume: 7 | Issue: 7 | Views: 2790 | Reviews: 0

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