Main Article Content
Abstract
Investment interest is the desire to invest, which is followed by a lot of information seeking. Everyone, including a lecturer, may be interested in investing in any form, either real assets or financial assets. Investments are made to obtain a benefit in the future. This research aims to determine how a lecturer's behavior in fostering interest in investing in financial assets, especially stocks, considers the factors that influence it. Participants in this study were lecturers in Surabaya who were certified lecturers and were permanent lecturers at public and private universities. This study uses three exogenous latent variables consisting of financial literacy, attitude, and motivation. One endogenous latent variable, namely investment interest and one moderating variable, namely family. Of the five variables used measured by a total of 21 indicators. The participants in this study were 103 participants. The participants in this study were 103 participants. This study indicates that the variables of financial literacy and motivation have a significant influence on the interest in investing in financial assets. This study suggests that financial literacy and inspiration variables have a considerable impact on the interest in investing in financial assets.
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References
- Abreu, M., & Mendes, V. (2010). Financial literacy and portfolio diversification. Quantitative finance, 10(5), 515-528. https://doi.org/10.1080/14697680902878105
- Ajzen, I. (1985). From intentions to actions: A theory of planned behavior. In Action control (pp. 11-39). Springer, Berlin, Heidelberg. https://link.springer.com/chapter/10.1007/978-3-642-69746-3_2
- Ajzen, I. (1991). The theory of planned behavior. Organizational behavior and human decision processes, 50(2), 179-211. https://www.dphu.org/uploads/attachements/books/books_4931_0.pdf
- Aryeetey, E. (2004). Household asset choice among the rural poor in Ghana. Institute of Statistical, Social and Economic Research, University of Ghana. https://www.ircwash.org/sites/default/files/Aryeeta-2004-Household.pdf
- Azwar, S. (2005). Sikap manusia teori dan penerapannya. Pustaka Pelajar: Yogyakarta.
- Azwar, S. (2007). Sikap Manusia Teori dan Pengukurannya, Edisi ke-2. Yogyakarta: Pustaka Pelajar Offset.
- Bechara, A., & Damasio, A. R. (2005). The somatic marker hypothesis: A neural theory of economic decision. Games and economic behavior, 52(2), 336-372. http://citeseerx.ist.psu.edu/viewdoc/download?doi=10.1.1.114.1001&rep=rep1&type=pdf
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- Cole, S., & Fernando, N. (2008). Assessing the importance of financial literacy. ADB Finance for the Poor, 9(2), 1-6.
- Darmawan, A., Kurnia, K., & Rejeki, S. (2019). Pengetahuan Investasi, Motivasi Investasi, Literasi Keuangan Dan Lingkungan Keluarga Pengaruhnya Terhadap Minat Investasi Di Pasar Modal. Jurnal Ilmiah Akuntansi dan Keuangan, 8(2), 44-56. https://doi.org/10.32639/jiak.v8i2.297
- Dewi, V. I., Febrian, E., Effendi, N., Anwar, M., & Nidar, S. R. (2020). Financial Literacy and its Variables: The Evidence from Indonesia. Economics & Sociology, 13(3), 133-154. https://www.economics-sociology.eu/files/9S_912_Dewi%20et%20al.pdf
- Fishbein, M., & Ajzen, I. (1975). Intention and Behavior: An introduction to theory and research. Addison-Wesley, Reading, MA.
- Fishbein, M., & Ajzen, I. (1975). Belief, attitude, intention, and behavior: An introduction to theory and research. https://philarchive.org/archive/FISBAI
- Fornell, C., & Larcker, D. F. (1981a). Evaluating structural equation models with unobservable variables and measurement error. Journal of marketing research, 18(1), 39-50. https://doi.org/10.1177/002224378101800104
- Fornell, C., & Larcker, D. F. (1981b). Structural equation models with unobservable variables and measurement error: Algebra and statistics. Sage Publications Sage CA: Los Angeles, CA. https://doi.org/10.1177/002224378101800313
- Francis, L. J., Robbins, M., Ap Siôn, T., Lewis, C. A., & Barnes, L. P. (2007). Psychological health and attitude toward Christianity among Protestant and Catholic sixth-form pupils in Northern Ireland. Pastoral Psychology, 56(2), 157-164. https://doi.org/10.1007/s11089-007-0092-z
- Handoko, T. H. (2001). Manajemen Personalia dan Sumber Daya Manusia Edisi 2. Yogyakarta: BPFE.
- Hong, H., Kubik, J. D., & Stein, J. C. (2004). Social interaction and stock‐market participation. The journal of finance, 59(1), 137-163. https://doi.org/10.1111/j.1540-6261.2004.00629.x
- Jones*, E., Danbolt, J., & Hirst, I. (2004). Company investment announcements and the market value of the firm. The European Journal of Finance, 10(5), 437-452. https://doi.org/10.1080/1351847032000168696
- Jones, J., & Wren, C. (2004). Inward foreign direct investment and employment: a project-based analysis in north-east England. Journal of Economic Geography, 4(5), 517-543. https://doi.org/10.1093/jnlecg/lbh020
- Krech, D. (1962). Individual in society/Krech D., Crutchfield R., Ballachey E. NY: Herper.
- Kreitner, R., & Kinicki, A. (2005). Perilaku organisasi. Jakarta: Salemba Empat.
- Lestari, A., Hasiholan, L. B., & Minarsih, M. M. (2016). Pengaruh Sikap Mandiri, Lingkungan Keluarga dan Motivasi terhadap Minat Berwirausaha para Remaja (Studi Empiris di Desa Jamus Kecamatan Mranggen Kabupaten Demak). Journal Of Management, 2(2). http://jurnal.unpand.ac.id/index.php/MS/article/view/509
- Poterba, J. M., & Samwick, A. A. (1997, July). Taxation and Household Portfolio Composition: Evidence from Tax Reforms in the 1980s. In Journal Of Finance 52(3), 1250-1250
- Shiv, B., Loewenstein, G., Bechara, A., Damasio, H., & Damasio, A. R. (2005). Investment behavior and the negative side of emotion. Psychological science, 16(6), 435-439. https://doi.org/10.1111/j.0956-7976.2005.01553.x
- Sofyan, H., & Uno, H. B. (2012). Teori Motivasi dan penerapannya dalam penelitian. Yogyakarta: UNY Press.
- Sirine, H., & Utami, D. S. (2016). Faktor-faktor yang memengaruhi perilaku menabung di kalangan mahasiswa. Jurnal Ekonomi dan bisnis, 19(1), 27-52. https://doi.org/10.24914/jeb.v19i1.479
- Utami, N. (2016). Pengalaman Komunikasi Keluarga Istri yang Berpendapatan Lebih Besar dari Suami. Jurnal Kajian Komunikasi, 4(1), 96-110. https://doi.org/10.24198/jkk.vol4n1.9
- Wagland, S. P., & Taylor, S. (2009). When it comes to financial literacy, is gender really an issue?. Australasian Accounting, Business and Finance Journal, 3(1), 3. https://ro.uow.edu.au/cgi/viewcontent.cgi?article=1049&context=aabfj
- Yuniningsih, Y., Lestari, V. N. S., Nurmawati, N., & Wajdi, B. N. (2018). Measuring Automotive Company's Capabilities in Indonesia in Producing Profits Regarding Working Capital. Jurnal Terapan Manajemen Dan Bisnis, 4(1), 67-78. https://journal.stkipsingkawang.ac.id/index.php/JTMB/article/view/589
- Yuniningsih, Y., & Taufiq, M. (2019). Investor Behavior In Determining Investmen On Real Asset. MIX: Jurnal Ilmiah Manajemen, 9(2), 293227. https://mix.mercubuana.ac.id/id/publications/293227/investor-behavior-in-determining-investmen-on-real-asset#cite
References
Abreu, M., & Mendes, V. (2010). Financial literacy and portfolio diversification. Quantitative finance, 10(5), 515-528. https://doi.org/10.1080/14697680902878105
Ajzen, I. (1985). From intentions to actions: A theory of planned behavior. In Action control (pp. 11-39). Springer, Berlin, Heidelberg. https://link.springer.com/chapter/10.1007/978-3-642-69746-3_2
Ajzen, I. (1991). The theory of planned behavior. Organizational behavior and human decision processes, 50(2), 179-211. https://www.dphu.org/uploads/attachements/books/books_4931_0.pdf
Aryeetey, E. (2004). Household asset choice among the rural poor in Ghana. Institute of Statistical, Social and Economic Research, University of Ghana. https://www.ircwash.org/sites/default/files/Aryeeta-2004-Household.pdf
Azwar, S. (2005). Sikap manusia teori dan penerapannya. Pustaka Pelajar: Yogyakarta.
Azwar, S. (2007). Sikap Manusia Teori dan Pengukurannya, Edisi ke-2. Yogyakarta: Pustaka Pelajar Offset.
Bechara, A., & Damasio, A. R. (2005). The somatic marker hypothesis: A neural theory of economic decision. Games and economic behavior, 52(2), 336-372. http://citeseerx.ist.psu.edu/viewdoc/download?doi=10.1.1.114.1001&rep=rep1&type=pdf
Christelis, D., Jappelli, T., & Padula, M. (2010). Cognitive abilities and portfolio choice. European Economic Review, 54(1), 18-38. https://doi.org/10.1016/j.euroecorev.2009.04.001
Cole, S., & Fernando, N. (2008). Assessing the importance of financial literacy. ADB Finance for the Poor, 9(2), 1-6.
Darmawan, A., Kurnia, K., & Rejeki, S. (2019). Pengetahuan Investasi, Motivasi Investasi, Literasi Keuangan Dan Lingkungan Keluarga Pengaruhnya Terhadap Minat Investasi Di Pasar Modal. Jurnal Ilmiah Akuntansi dan Keuangan, 8(2), 44-56. https://doi.org/10.32639/jiak.v8i2.297
Dewi, V. I., Febrian, E., Effendi, N., Anwar, M., & Nidar, S. R. (2020). Financial Literacy and its Variables: The Evidence from Indonesia. Economics & Sociology, 13(3), 133-154. https://www.economics-sociology.eu/files/9S_912_Dewi%20et%20al.pdf
Fishbein, M., & Ajzen, I. (1975). Intention and Behavior: An introduction to theory and research. Addison-Wesley, Reading, MA.
Fishbein, M., & Ajzen, I. (1975). Belief, attitude, intention, and behavior: An introduction to theory and research. https://philarchive.org/archive/FISBAI
Fornell, C., & Larcker, D. F. (1981a). Evaluating structural equation models with unobservable variables and measurement error. Journal of marketing research, 18(1), 39-50. https://doi.org/10.1177/002224378101800104
Fornell, C., & Larcker, D. F. (1981b). Structural equation models with unobservable variables and measurement error: Algebra and statistics. Sage Publications Sage CA: Los Angeles, CA. https://doi.org/10.1177/002224378101800313
Francis, L. J., Robbins, M., Ap Siôn, T., Lewis, C. A., & Barnes, L. P. (2007). Psychological health and attitude toward Christianity among Protestant and Catholic sixth-form pupils in Northern Ireland. Pastoral Psychology, 56(2), 157-164. https://doi.org/10.1007/s11089-007-0092-z
Handoko, T. H. (2001). Manajemen Personalia dan Sumber Daya Manusia Edisi 2. Yogyakarta: BPFE.
Hong, H., Kubik, J. D., & Stein, J. C. (2004). Social interaction and stock‐market participation. The journal of finance, 59(1), 137-163. https://doi.org/10.1111/j.1540-6261.2004.00629.x
Jones*, E., Danbolt, J., & Hirst, I. (2004). Company investment announcements and the market value of the firm. The European Journal of Finance, 10(5), 437-452. https://doi.org/10.1080/1351847032000168696
Jones, J., & Wren, C. (2004). Inward foreign direct investment and employment: a project-based analysis in north-east England. Journal of Economic Geography, 4(5), 517-543. https://doi.org/10.1093/jnlecg/lbh020
Krech, D. (1962). Individual in society/Krech D., Crutchfield R., Ballachey E. NY: Herper.
Kreitner, R., & Kinicki, A. (2005). Perilaku organisasi. Jakarta: Salemba Empat.
Lestari, A., Hasiholan, L. B., & Minarsih, M. M. (2016). Pengaruh Sikap Mandiri, Lingkungan Keluarga dan Motivasi terhadap Minat Berwirausaha para Remaja (Studi Empiris di Desa Jamus Kecamatan Mranggen Kabupaten Demak). Journal Of Management, 2(2). http://jurnal.unpand.ac.id/index.php/MS/article/view/509
Poterba, J. M., & Samwick, A. A. (1997, July). Taxation and Household Portfolio Composition: Evidence from Tax Reforms in the 1980s. In Journal Of Finance 52(3), 1250-1250
Shiv, B., Loewenstein, G., Bechara, A., Damasio, H., & Damasio, A. R. (2005). Investment behavior and the negative side of emotion. Psychological science, 16(6), 435-439. https://doi.org/10.1111/j.0956-7976.2005.01553.x
Sofyan, H., & Uno, H. B. (2012). Teori Motivasi dan penerapannya dalam penelitian. Yogyakarta: UNY Press.
Sirine, H., & Utami, D. S. (2016). Faktor-faktor yang memengaruhi perilaku menabung di kalangan mahasiswa. Jurnal Ekonomi dan bisnis, 19(1), 27-52. https://doi.org/10.24914/jeb.v19i1.479
Utami, N. (2016). Pengalaman Komunikasi Keluarga Istri yang Berpendapatan Lebih Besar dari Suami. Jurnal Kajian Komunikasi, 4(1), 96-110. https://doi.org/10.24198/jkk.vol4n1.9
Wagland, S. P., & Taylor, S. (2009). When it comes to financial literacy, is gender really an issue?. Australasian Accounting, Business and Finance Journal, 3(1), 3. https://ro.uow.edu.au/cgi/viewcontent.cgi?article=1049&context=aabfj
Yuniningsih, Y., Lestari, V. N. S., Nurmawati, N., & Wajdi, B. N. (2018). Measuring Automotive Company's Capabilities in Indonesia in Producing Profits Regarding Working Capital. Jurnal Terapan Manajemen Dan Bisnis, 4(1), 67-78. https://journal.stkipsingkawang.ac.id/index.php/JTMB/article/view/589
Yuniningsih, Y., & Taufiq, M. (2019). Investor Behavior In Determining Investmen On Real Asset. MIX: Jurnal Ilmiah Manajemen, 9(2), 293227. https://mix.mercubuana.ac.id/id/publications/293227/investor-behavior-in-determining-investmen-on-real-asset#cite