Open AccessTHE EFFECT OF FINANCIAL LITERATURE, FINANCIAL BEHAVIOR, & REGRET AVERSION BIAS ON MILLENNIAL INVESTMENT DECISIONS
Author(s) -
Anita Dwi Octavia,
Chyntia Chris Yuwono,
Filia Gabrilia Monangin
Publication year - 2022
Publication title -
indikator: jurnal ilmiah manajemen dan bisnis
Language(s) - English
Resource type - Journals
ISSN - 2598-4888
DOI - 10.22441/indikator.v6i1.14009
Subject(s) - regret , financial literacy , nonprobability sampling , investment (military) , investment decisions , economics , finance , revenue , actuarial science , behavioral economics , statistics , demography , mathematics , political science , sociology , population , politics , law
This study aimed to analyze the effects of financial literacy, financial behavior, and regret Aversion bias towards investment decisions among millennials in Indonesia. This study used primary data obtained by distributing questionnaires to 113 respondents with Maximum age of 30 years. The sampling method used in this research is purposive sampling. There were 78 out of 113 respondents who met the criteria to be sampled. The analysis method use in this study is Partial Least Square (PLS), with an R2 value of 98.50%. The results showed that financial behavior significantly affected investment decisions while financial literacy and regret aversion bias ware not affected.