Journal of Economics, Business, and Government Challenges
Vol 4 No 1 (2021): Journal of Economics, Business and Government Chalenges (JoRBGC)

The Effect Of Financial Literacy, Overconfidence, And Risk Tolerance On Investment Decision

Nur Yulianis (Universitas Pembangunan Nasional “Veteran” Jawa Timur)
Erna Sulistyowati (Universitas Pembangunan Nasional “Veteran” Jawa Timur)

Article Info

Publish Date
06 Jun 2021

Abstract

This study aims to test and prove whether financial literacy, overconfidence, and risk tolerance affect investment decisions. The sample in this study were 100 respondents who met the criteria (namely: living in Sidoarjo, aged 20-24 years, owning pure gold as an investment instrument, and making purchases/investments at least once in the last year). This study used multiple linear regression analysis. As a result, it is known that the variables of financial literacy and overconfidence have a significant effect on investment decisions. Meanwhile, the risk tolerance variable has not a significant effect on investment decisions.

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Journal Info
Journal of Economics, Business, and Government Challenges
Website

Abbrev

ebgc

Publisher

Universitas Pembangunan Nasional Veteran Jawa Timur

Subject

Economics, Econometrics & Finance Social Sciences

Description

Journal of Economics, Business and Government Challenges aims to be the leading, peer-reviewed journal that enhances the solution of challenges in economics, business and government problem. The scope of our journal is quite broad, but all papers should in a substantial way address the solution in ...