Petra International journal of Business Studies (IJBS)
Vol. 4 No. 1 (2021): JUNE 2021

The Effect of Financial Literacy, Financial Risk Tolerance, and Financial Socialization Agents on Stock Investment Decision in The Millennial Generation

Kevin Hendarto (Petra Christian University)
Njo Anastasia (Petra Christian University)
Sautma Ronni Basana (Petra Christian University)

Article Info

Publish Date
25 Jun 2021

Abstract

This study aim to determine financial literacy, financial risk tolerance, and financial socialization agents effect/influence on stock investment decisions in the millennial generation. The research was conducted by distributing questionnaires to 400 millennial generation stock investors in Indonesia. The data analysis method by Structural Equation Modeling (SEM) using the SmartPLS 3.2.7 program. The results show that financial literacy has a significant effect on investment decisions. Financial risk tolerance has significant effect on investment decisions, meanwhile financial socialization agents do not have a significant effect on investment decisions.

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Journal Info
Petra International journal of Business Studies (IJBS)
Website

Abbrev

ijbs

Publisher

Universitas Kristen Petra Surabaya

Subject

Decision Sciences, Operations Research & Management Economics, Econometrics & Finance

Description

Petra IJBS (Petra International Journal of Business Studies, ISSN: 2621-6426) is a peer-reviewed journal published under the Master of Management program, Faculty of Economics, Petra Christian University (MM FE UKP). The journal serves as a vessel for exchanging business knowledge to scholars and ...