Do Financial Literacy and Technology Affect Intention to Invest in the Capital Market in the Early Pandemic Period?

Aisa, Nabila Na'ma (2022) Do Financial Literacy and Technology Affect Intention to Invest in the Capital Market in the Early Pandemic Period? [Artikel Dosen]

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Abstract

investment technology on intention to invest in the capital market during the
early pandemic.
Design/Methodology/Approach: The research population was students studying
economics and finance in institutions located in Yogyakarta Special Region
Province. The sample of 384 respondents was obtained through questionnaires
distributed online. To test the impact of financial literacy and automatic
investment technology on intention to participate in the capital market, multiple
linear regression was used.
Research findings: The researchers found that financial literacy and automatic
investment technology affected students’ intention to invest in the capital
market. The number of students with a moderate level of financial literacy score
dominated, followed by the students with low and high literacy scores. Besides,
students’ background in economic and finance appeared inadequate to solely
determine the financial literacy score.
Theoretical contribution/Originality: This paper contributes to the investment
area, especially related to the automatic investment technology “Robo advisor,”
that is still rarely studied yet, which will be a significant issue in the future. It also
provides empirical results, which explain the investment intention through
financial literacy. Moreover, this study was conducted during the massive growth
of investors in Indonesia during the pandemic.
Practitioner/Policy implication: This study provides a useful reference to the
financial sector, especially the capital market. Inclusive programs regarding
financial literacy should be expanded for wider society to enhance their
knowledge and dismiss lack of confidence in capital market participation. Private
sectors providing automatic investment technology are suggested to continue
developing a more convenient application to be accessible by a broader range of
society.
Research limitation/Implication: The research included only students as the
sample; hence, further research may use a larger area of the sample with various
backgrounds and ages. Other determinants, such as norms, environment, risk,
and more advanced financial literacy measurement, can also be added to enrich
future studies and literature.

Item Type:	Artikel Dosen
Subjects:	H Social Sciences > HB Economic Theory H Social Sciences > HG Finance
Divisi / Prodi:	Faculty of Economics (Fakultas Ekonomi) > S1-Accounting (S1 Akuntansi)
Depositing User:	S.E., MSc. Nabila Na'ma Aisa
Date Deposited:	10 Jan 2023 08:17
Last Modified:	10 Jan 2023 08:17
URI:	http://eprints.uad.ac.id/id/eprint/38587

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