Peran Orang Tua Dalam Mempengaruhi Keputusan Investasi

Hendra Tan; Nuryasman MN

doi:10.24912/je.v29i1.1986

Authors

Hendra Tan Department of Management, Faculty of Economic and Business, Tarumanagara University, Jakarta, Indonesia
Nuryasman MN Department of Management, Faculty of Economic and Business, Tarumanagara University, Jakarta, Indonesia

DOI:

https://doi.org/10.24912/je.v29i1.1986

Keywords: Parent’s Financial Behaviour; Financial Literacy; Financial Behaviour; Investment Decision.

Abstract

The purpose of this research is is to determine the influence of parents' financial behavior, financial literacy, and financial behavior on investment decisions, as well as the role of financial literacy in mediating the influence of parents' financial behavior on investment decisions. This research gathers 297 samples of investors age from 18 to 45 that live in DKI Jakarta using online distribute questionnaires. In this research, quantitative method, cross sectional studies and purposive sampling method was used. The data was then analyzed with SmartPLS 4.0. The research results show that parents' financial behavior has a positive and significant effect on financial literacy. Parental financial behavior, financial literacy, and financial behavior have a positive and significant effect on investment decisions. Financial literacy positively and significantly mediates the influence of parents' financial behavior on investment decisions.

Author Biographies

Hendra Tan, Department of Management, Faculty of Economic and Business, Tarumanagara University, Jakarta, Indonesia

hendratan029@gmail.com

Nuryasman MN, Department of Management, Faculty of Economic and Business, Tarumanagara University, Jakarta, Indonesia

nuryasman@fe.untar.ac.id

References

Abduh, M., Alawiyah, T., Apriansyah, G., Sirodj, R. A., & Afgani, M. W. (2022). Survey Design: Cross Sectional Dalam Penelitian Kualitatif. Jurnal Pendidikan Sains dan Komputer, 3(01), 31–39. https://doi.org/10.47709/jpsk.v3i01.1955.

Adil, M., Singh, Y., & Ansari, M. S. (2022). How Financial Literacy Moderate The Association Between Behaviour Biases And Investment Decision? Asian Journal of Accounting Research, 7(1), 17–30. https://doi.org/10.1108/AJAR-09-2020-0086.

Ahmad, M., & Shah, S. Z. A. (2022). Overconfidence Heuristic-Driven Bias In Investment Decision-Making And Performance: Mediating Effects Of Risk Perception And Moderating Effects Of Financial Literacy. Journal of Economic and Administrative Sciences, 38(1), 60–90. https://doi.org/10.1108/jeas-07-2020-0116.

Arianti, B. F. (2018). The Influence Of Financial Literacy, Financial Behavior And Income On Investment Decision. Economics and Accounting Journal, 1(1). https://core.ac.uk/works/91392989.

Aryani, S. (2018). Faktor-Faktor Yang Mempengaruhi Keputusan Investasi Dari Mahasiswa Dengan Latar Belakang Pendidikan Yang Berbeda Studi Kasus Di Bandung. Jurnal Rekayasa Sistem & Industri (JRSI), 5(02), 101. https://doi.org/10.25124/jrsi.v5i01.292.

Badan Pusat Statistik. (2023). Jumlah Penduduk Pertengahan Tahun (Ribu Jiwa), 2021-2023. https://www.bps.go.id/id/statistics-table/2/MTk3NSMy/jumlah-penduduk-pertengahan-tahun.html.

Chalimah, S. N., Martono, S., & Khafid, M. (2019). The Saving Behavior Of Public Vocational High School Students Of Business And Management Program In Semarang. Journal of Economic Education, 8(1), 22–29. https://journal.unnes.ac.id/sju/index.php/jeec/article/view/29741.

Chawla, D., Bhatia, S., & Singh, S. (2022). Parental Influence, Financial Literacy And Investment Behaviour Of Young Adults. Journal of Indian Business Research, 14(4), 520–539. https://doi.org/10.1108/JIBR-10-2021-0357.

Damian, L. E., Negru-Subtirica, O., Domocus, I. M., & Friedlmeier, M. (2020). Healthy Financial Behaviors And Financial Satisfaction In Emerging Adulthood: A Parental Socialization Perspective. Emerging Adulthood, 8(6), 548–554. https://doi.org/10.1177/2167696819841952.

DataIndonesia.id. (2023). Kerugian Investasi Ilegal Di Indonesia Cetak Rekor Pada 2022. https://dataindonesia.id/ekonomi/detail/kerugian-investasi-ilegal-di-indonesia-cetak-rekor-pada-2022.

Gumilang, R. R., Amanda, H., & Ginanjar, Y. (2023). Impact Motivasi Investasi, Literasi Keuangan, Dan Perilaku Keuangan Terhadap Keputusan Investasi. Coopetition: Jurnal Ilmiah Manajemen, 14(1), 2023–2091. https://doi.org/10.32670/coopetition.

Hair, J. F., Risher, J. J., Sarstedt, M., & Ringle, C. M. (2019). When To Use And How To Report The Results Of PLS-SEM. European Business Review, 31(1), 2–24. https://doi.org/10.1108/EBR-11-2018-0203.

Hair, J. J. F., Hult, G. T. M., Ringle, C. M., Sarstedt, M., Danks, N. P., & Ray, S. (2021). Partial Least Squares Structural Equation Modeling (PLS-SEM) Using R: A Workbook. Springer Nature. https://doi.org/10.1007/978-3-030-80519-7.

Jain, R., Sharma, D., Behl, A., & Tiwari, A. K. (2022). Investor Personality As A Predictor Of Investment Intention – Mediating Role Of Overconfidence Bias And Financial Literacy. International Journal of Emerging Markets. https://doi.org/10.1108/IJOEM-12-2021-1885.

Jayaraman, J. D., & Jambunathan, S. (2018). Financial Literacy Among High School Students: Evidence From India. Citizenship, Social and Economics Education, 17(3), 168–187. https://doi.org/10.1177/2047173418809712.

Kadoya, Y., & Khan, M. S. R. (2020). What Determines Financial Literacy In Japan. Journal of Pension Economics and Finance, 19(3), 353–371. https://doi.org/10.1017/S1474747218000379.

Kasoga, P. S. (2021). Heuristic Biases And Investment Decisions: Multiple Mediation Mechanisms Of Risk Tolerance And Financial Literacy—A Survey At The Tanzania Stock Market. Journal of Money and Business, 1(2), 102–116. https://doi.org/10.1108/jmb-10-2021-0037.

Kementrian Kesehatan Republik Indonesia. (2016). Peraturan Menteri Kesehatan Republik Indonesia Nomor 25 Tahun 2016 Tentang Rencana Aksi Nasional Kesehatan Lanjut Usia Tahun 2016-2019. https://peraturan.bpk.go.id/Details/113057/permenkes-no-25-tahun-2016.

Kurniawan, R., & Wahidah, W. N. (2023). Pengaruh Literasi Keuangan Dan Perilaku Keuangan Terhadap Keputusan Investasi. Fair Value: Jurnal Ilmiah Akuntansi dan Keuangan, 5(12). https://journal.ikopin.ac.id/index.php/fairvalue/article/view/3700.

Kustodian Sentral Efek Indonesia. (2023). Pencapaian Tahun 2022 Yang Positif, Tumbuhkan Semangat Baru Pada Tahun 2023. https://www.ksei.co.id/files/uploads/press_releases/press_file/id-id/215_berita_pers_pencapaian_tahun_2022_yang_positif_tumbuhkan_semangat_baru_pada_tahun_2023_20230102182734.pdf.

Lučić, A., Uzelac, M., & Previšić, A. (2021). The Power Of Materialism Among Young Adults: Exploring The Effects Of Values On Impulsiveness And Responsible Financial Behavior. Young Consumers, 22(2), 254–271. https://doi.org/10.1108/YC-09-2020-1213.

Mahapatra, M. S., Xiao, J. J., Mishra, R. K., & Meng, K. (2023). Parental Financial Socialization And Life Satisfaction Of College Students: Mediation And Moderation Analyses. Young Consumers. https://doi.org/10.1108/YC-10-2022-1626.

Nitzl, C., Roldán, J. L., & Cepeda, G. (2017). Mediation Analyses in Partial Least Squares Structural Equation Modeling, Helping Researchers Discuss More Sophisticated Models: An Abstract. Dalam Developments in Marketing Science: Proceedings of the Academy of Marketing Science (693). Springer Nature. https://doi.org/10.1007/978-3-319-47331-4_130.

Nuramelia, S., & Rahayu, S. (2023). The Influence Of Financial Literacy, Income Level And Investor Behavior On Individual Investment Decisions. Jurnal Ekonomika, 14. https://doi.org/10.35334/jek.v14i1.2921.

Rahman, M., & Gan, S. S. (2020). Generation Y Investment Decision: An Analysis Using Behavioural Factors. Managerial Finance, 46(8), 1023–1041. https://doi.org/10.1108/MF-10-2018-0534.

Rea, J. K., Danes, S. M., Serido, J., Borden, L. M., & Shim, S. (2019). “Being Able To Support Yourself”: Young Adults’ Meaning Of Financial Well-Being Through Family Financial Socialization. Journal of Family and Economic Issues, 40(2), 250–268. https://doi.org/10.1007/s10834-018-9602-7.

Safryani, U., Aziz, A., & Triwahyuningtyas, N. (2020). Analisis Literasi Keuangan, Perilaku Keuangan, Dan Pendapatan Terhadap Keputusan Investasi. Jurnal Ilmiah Akuntansi Kesatuan, 8(3), 319–332. https://doi.org/10.37641/jiakes.v8i3.384.

Saifuddin, A. (2020). Apakah Desain Eksperimen Satu Kelompok Layak Digunakan? Literasi: Jurnal Kajian Keislaman Multi-Perspektif, 1(1), 1–22. https://doi.org/10.22515/literasi.v1i1.3255.

Siregar, D. K., & Anggraeni, D. R. (2022). Pengaruh Literasi Keuangan Dan Perilaku Keuangan Terhadap Keputusan Investasi Mahasiswa. Bussman Journal: Indonesian Journal of Business and Management, 2(1), 96–112. https://doi.org/10.53363/buss.v2i1.39.

Sugiharti, H., & Maula, K. A. (2019). Pengaruh Literasi Keuangan Terhadap Perilaku Pengelolaan Keuangan Mahasiswa. ACCOUNTHINK: Journal of Accounting and Finance, 4(2), 804–818. https://doi.org/10.35706/acc.v4i2.2208.

Sugiyono. (2016). Metode Penelitian Kuantitatif, Kualitatif dan R&D. Alfabeta.

Tambunan, D., & Hendarsih, I. (2022). Waspada Investasi Ilegal Di Indonesia. Jurnal Ekonomi & Manajemen Universitas Bina Sarana Informatika, 20(1), 108–113. https://doi.org/10.31294/jp.v20i1.

Upadana, I. W. A., & Herawati, N. T. (2020). Pengaruh Literasi Keuangan Dan Perilaku Keuangan Terhadap Keputusan Investasi Mahasiswa. Jurnal Ilmiah Akuntansi dan Humanika, 10(2). https://doi.org/10.23887/jiah.v10i2.25574.

Waibel, M. (2021). Subject Matter Jurisdiction: The Notion Of Investment. ICSID Reports, 19, 25–82. https://doi.org/10.1017/ixd.2021.12.

Wee, L. L. M., & Goy, S. C. (2022). The Effects Of Ethnicity, Gender And Parental Financial Socialisation On Financial Knowledge Among Gen Z: The Case Of Sarawak, Malaysia. International Journal of Social Economics, 49(9), 1349–1367. https://doi.org/10.1108/IJSE-02-2021-0114.

Widyastuti, U., Sumiati, A., Herlitah, & Melati, I. S. (2020). Financial Education, Financial Literacy, And Financial Behaviour: What Does Really Matter? Management Science Letters, 10(12), 2715–2720. https://doi.org/10.5267/j.msl.2020.4.039.

Yundari, T., & Artati, D. (2021). Analisis Pengaruh Literasi Keuangan, Perilaku Keuangan dan Pendapatan Terhadap Keputusan Investasi (Studi Kasus Pada Karyawan Swasta Di Kecamatan Sruweng Kabupaten Kebumen). Jurnal Ilmiah Manajemen Keuangan. https://doi.org/10.32639/jimmba.v3i3.896.

Zhao, H., & Zhang, L. (2020). Talking Money At Home: The Value Of Family Financial Socialization. International Journal of Bank Marketing, 38(7), 1617–1634. https://doi.org/10.1108/IJBM-04-2020-0174.