Determinants of Investment Interest in The Millennial Generation of Salatiga in the Sharia Capital Market
Abstract
The purpose of this research is to determine the variables
influencing the investment interest of the millennial generation in Salatiga
in sharia capital market. The variables employed were sharia financial
literacy and technology development with the approach of planned
behaviour theory. Therefore, the variables were developed into attitude
toward behaviour, subjective norms, perceived behavioural control,
financial self efficacy, and technology development. The data used were
primary data from distributing questionaries to 100 millennial generation in
Salatiga as the samples. The data analysis applied was multiple regression
linear by using instrument test, classical assumption test, and statistic test.
The data analysis result showed that the attitude toward behaviour and the
perceived behavioural control positively and significantly influence toward
the investment interest. On the other hand the subjective norms and the
technology development positively but not significantly influence toward
the investment interest. Meanwhile, the financial self efficacy negatively but
significantly influence toward the investment interest.
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Persepsi Risiko, Gender, dan Kemajuan Teknologi pada Minat Investasi Mahasiswa.
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Perilaku Menabung Remaja. Seminar Internasional Riksa Bahasa XIII, 1371–1380.
http://proceedings.upi.edu/index.php/riksabahasa/article/view/1021
Ajzen, I. (1985). From Intentions to Actions: A Theory of Planned Behavior. Action Control,
11–39.
Cahya, B. T., & Kusuma, N. A. (2019). Pengaruh Motivasi dan Kemajuan Teknologi
Terhadap Minat Investasi Saham. Jurnal Ilmu Ekonomi Dan Keislaman, 7, 192–207.
Firdhausa, F., & Apriani, R. (2021). Pengaruh Platform Media Sosial Terhadap Minat
Generasi Milenial Dalam Berinvestasi di Pasar Modal. Supremasi Hukum, 17(2), 96–
103. http://www.ejournal.unis.ac.id/index.php/JSH/article/view/1227
Forbes, J., & Kara, S. M. (2010). Confidence mediates how investment knowledge influences
investing self-efficacy. Journal of Economic Psychology, 31(3), 435–443.
https://doi.org/10.1016/j.joep.2010.01.012
Handoko, L., Nugroho, V. C., & Sembel, J. S. (2020). Intention To Invest in Financial
Product of Older Preretirees With Financial Self Efficacy As an Intervening Variable.
Ultima Management : Jurnal Ilmu Manajemen, 12(1), 34–45.
https://doi.org/10.31937/manajemen.v12i1.1539
Ibrahim, Y., & Arshad, I. (2017). Examining the impact of product involvement, subjective
norm and perceived behavioral control on investment intentions of individual investors
in Pakistan. Investment Management and Financial Innovations, 14(4), 181–193.
https://doi.org/10.21511/imfi.14(4).2017.15
Junianto, D., Sabtohadi, J., & Hendriani, D. (2020). Persepsi Mahasiswa Muslim Terhadap
Investasi Produk Syariah Di Pasar Modal Dalam Kajian Theory Planned Behaviour.
Jurnal Shidqia Nusantara, 1(1), 51–60.
http://ojs.uninus.ac.id/index.php/PBS/article/view/768
Kurniawan, P. I. (2021). Effect of Expected Return, Self Efficacy, and Perceived Risk on
Investment Intention: An Empirical Study on Accounting Master Degree in Udayana
University, Bali. Journal of Accounting Finance and Auditing Studies (JAFAS), 7(1),
40–55. https://doi.org/10.32602/jafas.2021.002
Luky, M. R. (2016). Minat Berinvestasi Di Pasar Modal : Aplikasi Theory Planned
Behaviour Serta Persepsi Berinvestasi Di.
Madden, T. J., Ellen, P. S., & Ajzen, I. (1992). A Comparison of the Theory of Planned
Behavior and the Theory of Reasoned Action. Personality and Social Psychology
Bulletin, 18(1), 3–9.
Mahardhika, A. S., & Zakiyah, T. (2020). Millennials’ Intention in Stock Investment:
Extended Theory of Planned Behavior. Riset Akuntansi Dan Keuangan Indonesia, 5(1),
83–91. https://doi.org/10.23917/reaksi.v5i1.10268
Malik, A. D. (2017). Analisa Faktor – Faktor Yang Mempengaruhi Minat Masyarakat
Berinvestasi Di Pasar Modal Syariah Melalui Bursa Galeri Investasi Uisi. Jurnal
Ekonomi Dan Bisnis Islam (Journal of Islamic Economics and Business), 3(1), 61.
https://doi.org/10.20473/jebis.v3i1.4693
Mita, M. M., & Siagian, S. (2021). faktor-Faktor yang Mempengaruhi Minat Mahasiswa
dalam Berinvestasi di Pasar Modal (Studi Kasus Pada Mahasiswa di Medan). Jurnal
Ilmiah Methonomi, 7(1), 77–88. https://emea.mitsubishielectric.com/ar/productssolutions/factory-automation/index.html
Negara, A. K., & Febrianto, H. G. (2020). Pengaruh Kemajuan Teknologi Informasi Dan
Pengetahuan Investasi Terhadap Minat Investasi Generasi Milenial Di Pasar Modal.
Business Management Journal, 16(2), 81. https://doi.org/10.30813/bmj.v16i2.2360
Nurlita, A. (2015). Investasi Di Pasar Modal Syariah Dalam Kajian Islam. Kutubkhanah:
Jurnal Penelitian Sosial Keagamaan, 17(1), 1–20. http://ejournal.uinsuska.ac.id/index.php/Kutubkhanah/article/download/806/766
Rahmawati, N., & Maslichah, M. (2018). Minat Berinvestasi Di Pasar Modal: Aplikasi
Theory Planned Behaviour Serta Persepsi Berinvestasi Di Kalangan Mahasiswa.
Jurnal Ilmiah Riset Akuntansi, 07(1), 41–54.
Raut, R. K., Das, N., & Kumar, R. (2018). Extending the theory of planned behaviour: Impact
of past behavioural biases on the investment decision of Indian investors. Asian Journal
of Business and Accounting, 11(1), 265–292. https://doi.org/10.22452/ajba.vol11no1.9
Salisa, N. R. (2021). Faktor yang Mempengaruhi Minat Investasi di Pasar Modal: Pendekatan
Theory of Planned Behaviour (TPB). Jurnal Akuntansi Indonesia, 9(2), 182.
https://doi.org/10.30659/jai.9.2.182-194
Setianingsih, L., & Widyastuti, E. (2020). Does Sukuk, Domestic Investment, Foreign
Investment, and Inflation Contribute To Economic Growth in Indonesia? Jurnal
Ekonomi Syariah Teori Dan Terapan, 7(12), 2375–2384.
https://doi.org/10.20473/vol7iss202012pp2375-2384
Setiawati, R., Nidar, S. R., Anwar, M., & Masyita, D. (2018). Islamic financial literacy:
Construct process and validity. Academy of Strategic Management Journal, 17(4), 1–
12.
Setyowati, S., Wulandari, D., & Hana, K. F. (2020). Pengaruh Edukasi Investasi, Persepsi
Return dan Persepsi Risiko terhadap Minat Berinvestasi Saham Syariah.
FreakonomicS: Journal of Islamic Economics and Finance, 1(1), 43–57.
https://doi.org/10.36420/freakonomics.v1i1.25
Tandio, T., & Widanaputra, A. A. G. P. (2016). Pengaruh Pelatihan Pasar Modal, Return,
Persepsi Risiko, Gender, dan Kemajuan Teknologi pada Minat Investasi Mahasiswa.
E-Jurnal Akuntansi Universitas Udayana, 16(3), 2316–2341
Published
2022-07-20
How to Cite
Nissa, N., & Widyastuti, E. (2022). Determinants of Investment Interest in The Millennial Generation of Salatiga in the Sharia Capital Market. Annual International Conference on Islamic Economics and Business (AICIEB), 2(1), 268-275. https://doi.org/https://doi.org/10.18326/aicieb.v2i1.209
Section
ARTICLES
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