Literasi keuangan dan preferensi risiko terhadap keputusan investasi cryptocurrency pada generasi milenial di Kota Jambi
DOI:
https://doi.org/10.22437/jpe.v19i2.36109Keywords:
financial literacy, risk preferences, investment decisionsAbstract
This study aims to describe the overview of financial literacy, risk preferences, and investment decisions, as well as analyze the influence of financial literacy and risk preferences on cryptocurrency investment decisions among the millennial generation in Jambi City. The research sample consisted of 95 respondents, selected using purposive sampling technique. Data collection in this study was conducted using a questionnaire with a Likert scale format. The collected data were then analyzed using Partial Least Square (PLS). The results of research indicate that the financial literacy and risk preferences of millennial cryptocurrency investors in Jambi City are at an excellent level. The very high financial literacy and risk preferences of these investors contribute positively to excellent cryptocurrency investment decision-making. Hypothesis testing results demonstrate that financial literacy and risk preferences have a positive and significant influence on cryptocurrency investment decisions. This study's findings have implications for efforts to enhance the rationality of cryptocurrency investment decisions to avoid undesirable losses, such as choosing types of crypto assets with not too high price volatility, or diversifying portfolios by combining crypto assets with conventional assets like stocks, bonds, or mutual funds.
Downloads
References
Ainia, N.S.N. & Lutfi. (2019). The Influence of Risk Perception, Risk Tolerance, Overconfidence, and Loss Aversion towards Investment Decision Making. Journal of Economics, Business, and Accountancy Ventura, 21(3), 401-413
Akshay, F.X.J. dan Bertuah, E. (2022). Mengalihkan Perhatian kepada Pasar Fisik Aset Kripto (Crypto Asset) - Faktor Predisposisi Insvestor Milenial kepada Investasi Beresiko. Fair Value: Jurnal Ilmiah Akuntansi dan Keuangan, 5(3), 1456-1466
Ardiana, T.E., Sugianto, L.O., & Chamidah, S. (2020). The Influence of Minimum Investment Capital, Risk Perception on Students Investment in Indonesia Capital Market. International Journal of Economics, Business, and Accounting Research (IJEBAR), 4(3), 313-323
Asosiasi Blockchain Indonesia. (2020). Indonesia Crypto Outlook Report 2020. https://www.scribd.com/document/599381241/Indonesia-Crypto-Outlook-2020-Report-Converted
Asosiasi Pedagang Aset Indonesia. (2020). Indonesia Crypto Outlook Report 2023. https://aspakrindo.org/wp-content/uploads/2024/01/Indonesia-Crypto-Web3-Industry-Report-2023.pdf
Astiti, N.P.Y., Warma, G.O., dan Hidayah, M. (2019). Financial Literation and Investment Decision Behavior of Entrepreneurs in Bali. International Journal of Applied Business & International Management, 4(3), 64-68
Ates, Sinem; Coskun, Ali; Sahin M. Abdullah & Demircan, M.Levent. (2016). Impact of Financial Literacy on the Behavioral Biases of Individual Stock Investors: Evidence From Borsa Istanbul. Business and Economic Research Journal, 7(3), 1-19
Budiarto dan Susanti. (2017). Pengaruh Financial Literacy, Overconfidence, Regret Aversion Bias, dan Risk Tolerance terhadap Keputusan Investasi (Studi pada investor PT. Sucorinvest Central Gani Galeri Investasi BEI Universitas Negeri Surabaya). Jurnal Ilmu Manajemen, 5(2), 1-9
Gustika, G.S. dan Yaspita, H. (2021). Pengaruh Literasi Keuangan Terhadap Keputusan Investasi Mahasiswa STIE Indragiri Rengat. J-MAS: Jurnal Manajemen dan Sains, 6(1), 261-269
Fatmawati, H.A. (2018). Literasi Keuangan, Preferensi Risiko, dan Potensi Bias dalam Pengambilan Keputusan Keuangan. Artikel Penelitian. Fakultas Ekonomi Universitas Islam Indonesia, Yogyakarta
Halim, A. (2005). Analisa Investasi. Edisi Kedua. Jakarta: Salemba Empat
Hastuti, D. ., Edhie Purnawan, M. ., & Sunargo, S. (2019). Pengaruh variabel-variabel di sektor riil dan perbankan terhadap Shock Credit Default Swap (CDS) di Indonesia . E-Journal Perdagangan Industri Dan Moneter, 7(3), 185 - 204. https://doi.org/10.22437/pim.v7i3.13071
Hati, S.W. dan Harefa, W.S. (2019). Analisis Faktor-Faktor yang Mempengaruhi Minat Berinvestasi di Pasar Modal Bagi Generasi Milenial (Studi pada Mahasiswi Jurusan Manajemen Bisnis Politeknik Negeri Batam). Journal of Business Administration, Vol. 3 (2):281-295
Hendarto, K., Anastasia, N., & Basana, S.R. (2021). The Effect of Financial Literacy, Financial Risk Tolerance, and Financial Socialization Agents on Stock Investment Decision in the Millennial Generation. Petra International Journal Of Business Studies, 4(1), 11-22
Huda, N. dan Hambali, R. (2020). Risiko dan Tingkat Keuntungan Investasi Cryptocurrency. Jurnal Manajemen dan Bisnis: Performa, 17(1), 72-84
Jonathan, R. & Sumani. (2021). Millennial Investment Decision Analysis. Business and Entrepreneurial Review, 21(2), 279-296
Khan, M. Z. U. (2017). Impact of Availability Bias and Loss Aversion Bias on Investment Decision Making, Moderating Role of Risk Perception. Management & Administration (IMPACT: JMDGMA), 1(1), 17-28
Khohir, R. (2020). Analisis Volatilitas Cryptocurrency untuk Estimasi Value at Risk Menggunakan Model Garch. Artikel Penelitian, Fakultas Matematika dan Ilmu Pengetahuan Alam, Universitas Sumatera Utara
Liu, Y., & Tsyvinski, A. (2018). Risks and Returns of Cryptocurrency. National Bureau of Economic Research. Yale University
Lubis, Muhammad Armand Irsyad Rabbani, Sudarmaji, E., dan Hubbansyah, A.K. (2022). Analisis Perbedaan Kecenderungan Keputusan Investasi Melalui Literasi Keuangan, dan Profil Investasi: Studi Kasus. JIAP, 2(1), 61-79
Nagy, R.A. & Obenberger, R.W. (1994). Factors Influencing Individual Investor Behavior. Financial Analysts Journal, pp. 63-68
Organisation for Economic Co-Operation and Development .OECD. (2013). Financial literacy and inclusion: Results of OECD/INFE Survey Across Countries and by Gender. OECD Centre, Paris, France
Pradhana, R.W. 2018. Pengaruh Financial Literacy, Cognitive Bias, dan Emotional Bias Terhadap Keputusan Investasi (Studi Pada Investor Galeri Investasi Universitas Negeri Surabaya). Jurnal Ilmu Manajemen, 6(3), 108-117
Putra, I.P.S. dan Ananingtiyas, H. 2016. Pengaruh Tingkat Literasi Keuangan, Experienced Regret, dan Risk Tolerance pada Pemilihan Jenis Investasi. Journal of Business and Banking, 5(2), 271-282
Sandria, F. (2021). Gak Percaya Bank, Ini 5 Fakta Kenapa Milenial Doyan Kripto. Artikel (Online). https://www.cnbcindonesia.com/mymoney/20210625132951-72-255954/gak-percaya-bank-ini-5-fakta-kenapa-milenial-doyan-kripto
Saputro, R.E.H & Lestari, D. (2019). Effect of financial literacy and risk perception on student investment decisions In Jakarta. Review of Management and Entrepreneurship, 3(2), 107-132
Sudaryono. (2019). Metodologi Penelitian Kuantitatif, Kualitatif, dan Mix Method. Depok: PT Raja Grafindo Persada
Wardani, D.K. dan Wati, G.P.E. (2023). Pengaruh Literasi Keuangan dan Preferensi Risiko Terhadap Niat Investasi dengan Aplikasi Investasi Digital. Current: Jurnal Kajian Akuntansi dan Bisnis Terkini, 4(2), 218-228
Yulianis, N. & Sulistyowati, E. (2021). The Effect Of Financial Literacy, Overconfidence, And Risk Tolerance On Investment Decision. Journal of Economics, Business, and Government Challenges, 4(1), 61-71
Zuraya, N. (2022). Mengapa Milenial Antusias terhadap Aset Kripto? Artikel (Online). https://ekonomi.republika.co.id/berita/r7aqe0383/mengapa-milenial-antusias-terhadap-aset-kripto
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2024 Fitri Hamelinda, Rike Setiawati, Besse Wediawati
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
