Open AccessEFFECT OF FINANCIAL LITERACY AND RISK PERCEPTION ON STUDENT INVESTMENT DECISIONS IN JAKARTA
Author(s) -
Rizky Eko Harry Saputro,
Diyan Lestari
Publication year - 2019
Publication title -
review of management and entrepreneurship
Language(s) - English
Resource type - Journals
eISSN - 2548-3552
pISSN - 2548-3536
DOI - 10.37715/rme.v3i2.1237
Subject(s) - financial literacy , nonprobability sampling , investment (military) , sample (material) , investment decisions , test (biology) , perception , risk perception , regression analysis , variables , probability sampling , psychology , actuarial science , statistics , economics , finance , mathematics , demography , political science , sociology , politics , paleontology , population , chemistry , chromatography , behavioral economics , neuroscience , law , biology
This study aims to determine the effect of financial literacy and risk perception on student investment decisions in Jakarta. This study used a quantitative approach through questionnaires with as many as 120 respondents taken as sample which is obtained by using non-probability sampling technique and purposive sampling method. The research data is processed with SPSS, where the hypothesis is analyzed using t-test and multiple linear regression analysis. The results of this study indicate that financial literacy variable have a significant effect on investment decision, based on the t-test result which shows that t-count is higher in comparison to ttable (8,433>1,98045). Similarly, the risk perception variable have a significant effect on investment decision, which is shown by the higher tcount compared to t-table (2,319>1,98045).
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