IDEAS home Printed from https://ideas.repec.org/a/khe/scajes/v4y2018i2p51-60.html
   My bibliography  Save this article

The Influence of Financial Education and Promotion towards Risk Perception of Students as Investors at University Investment Gallery

Author

Listed:
  • Desi Astuti
  • Paham Ginting
  • Isfenti Sadalia
  • Amlys Syahputra Silalahi

Abstract

This research aims to: (1) identify the influence of financial education and promotion towards risk perception of students as stock investors at university investment galleries and (2) analyze the difference of promotion and student’s risk perception in each university investment gallery in Medan and Aceh. The primary data of this research is collected through questionnaires. The population of the research is students registered as investors at investment galleries at universities in Medan and Aceh, while the samples are 384 respondents taken using purposive sampling. However, there are only 300 respondents meet the research qualification. Technique used to analyze the data is multiple regression and ANOVA test using SPSS. The result shows that there is difference in promotion level at investment gallery at universities in Medan and Aceh. Promotion carried out by investment galleries at universities in Medan is higher than that in Aceh. Meanwhile, the students’ risk perception on investment in stock at investment galleries in Aceh is better than that in Medan. Moreover, it is seen that financial education and promotion influence each other and are significant to the risk perception on investment in stock for students at investment gallery at universities in Medan and Aceh. Promotion affects students’ risk perception significantly with the p value (0.000) and the estimation of the effect is 0.228.

Suggested Citation

  • Desi Astuti & Paham Ginting & Isfenti Sadalia & Amlys Syahputra Silalahi, 2018. "The Influence of Financial Education and Promotion towards Risk Perception of Students as Investors at University Investment Gallery," Academic Journal of Economic Studies, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 4(2), pages 51-60, June.
    • Handle: RePEc:khe:scajes:v:4:y:2018:i:2:p:51-60
    as

    Download full text from publisher

    File URL: http://www.ajes.ro/wp-content/uploads/AJES_article_1_169.pdf
    Download Restriction: no
    File URL: http://www.ajes.ro/wp-content/uploads/AJES_article_1_169.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Mustabsar Awais & M. Fahad Laber & Nilofer Rasheed & Aisha Khursheed, 2016. "Impact of Financial Literacy and Investment Experience on Risk Tolerance and Investment Decisions: Empirical Evidence from Pakistan," International Journal of Economics and Financial Issues, Econjournals, vol. 6(1), pages 73-79.
    2. Iskandar Muda, 2017. "Role of Dividend of Power to Buy Shares in Companies in Indonesia Stock Exchange," Academic Journal of Economic Studies, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 3(2), pages 41-47, June.
    3. Gunhild Berg & Bilal Zia, 2017. "Harnessing Emotional Connections to Improve Financial Decisions: Evaluating the Impact of Financial Education in Mainstream Media," Journal of the European Economic Association, European Economic Association, vol. 15(5), pages 1025-1055.
    4. Muda, Iskandar, 2017. "Erception of capital, profit and dividends affect the stock purchase intention in Indonesia public company," MPRA Paper 83588, University Library of Munich, Germany.
    5. Isfenti Sadalia & Linda T. Maas & Joiverdia & Iskandar Muda, 2017. "The Strengthening of Development Capital and Governance towards Sustainable Livelihood in Coastal Areas of Medan," Academic Journal of Economic Studies, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 3(3), pages 12-18, September.
    6. Iskandar Muda & Weldi Maulana & Hasan Sakti Siregar & Naleni Indra, 2018. "The Analysis of Effects of Good Corporate Governance on Earnings Management in Indonesia with Panel Data Approach," Iranian Economic Review (IER), Faculty of Economics,University of Tehran.Tehran,Iran, vol. 22(2), pages 599-625, Spring.
    7. Iskandar MUDA, 2017. "User Impact of Literacy on Treatment Outcomes Quality Regional Financial Information System," Management Dynamics in the Knowledge Economy, College of Management, National University of Political Studies and Public Administration, vol. 5(2), pages 307-326, June.
    8. Yoshino, Naoyuki & Morgan, Peter & Wignaraja, Ganeshan, 2015. "Financial Education in Asia: Assessment and Recommendations," ADBI Working Papers 534, Asian Development Bank Institute.
    9. Ela Mahdaleta & Iskandar Muda & Gusnardi Muhammad Nasir, 2016. "Effects of Capital Structure and Profitability on Corporate Value with Company Size as the Moderating Variable of Manufacturing Companies Listed on Indonesia Stock Exchange," Academic Journal of Economic Studies, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 2(3), pages 30-43, September.
    10. Gunhild Berg & Bilal Zia, 2013. "Harnessing Emotional Connections to Improve Financial Decisions," World Bank Publications - Reports 22601, The World Bank Group.
    11. Xu, Lisa & Zia, Bilal, 2012. "Financial literacy around the world : an overview of the evidence with practical suggestions for the way forward," Policy Research Working Paper Series 6107, The World Bank.
    12. Iskandar Muda, 2017. "Perception Of Capital, Profit And Dividends Affect The Stock Purchase Intention In Indonesia Public Company," Junior Scientific Researcher, SC Research Publishing SRL, vol. 3(1), pages 9-18, May.
    13. Muda, Iskandar, 2017. "Perception of capital, profit and dividends affect the stock purchase intention in Indonesia public company," MPRA Paper 83658, University Library of Munich, Germany.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Ascaryan RAFINDA & Tímea GÁL, 2019. "The Educational Programme For Micro Investment In Agriculture In Indonesian Rural Areas," SEA - Practical Application of Science, Romanian Foundation for Business Intelligence, Editorial Department, issue 19, pages 23-38, May.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Rizky Putra & Winda Ardiani, 2018. "Effect of Communication Process on Customer Satisfaction in Improving Customer's Retention," Academic Journal of Economic Studies, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 4(3), pages 87-95, September.
    2. Ridwansyah & Isfenti Sadalia & Yeni Absah, 2018. "The Analysis Of The Influence Of Motivation, Competence, And Incentive Toward Employee Performance At Pt Sianjur Resort, A Housing Developer Of Oma Deli Medan, Indonesia," Junior Scientific Researcher, SC Research Publishing SRL, vol. 4(2), pages 91-106, November.
    3. Siti Aisah Osro & Harmein Nasution & Isfenti Sadalia, 2018. "The Influence Of Emotional Intelligence On The Performance Of Health Department Officers Of Deli Serdang Regency," Junior Scientific Researcher, SC Research Publishing SRL, vol. 4(2), pages 107-125, November.
    4. April Sabdi Marbun & Sukaria Sinulingga & Iskandarini, 2018. "Analysis of Influence of Quality of Service and Quality of Products on Loyalty of Members with Member Satisfaction as Intervening Variable in Loan and Save Cooperative Nasari Branch Office of Medan," Academic Journal of Economic Studies, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 4(3), pages 106-121, September.
    5. Bunga Aditi & Sopi Pentana, 2018. "Analysis of Influence of Micro Small and Medium Enterprises (MSMEs) Development as a Competitive Advantage to Creative Economic Development," Academic Journal of Economic Studies, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 4(3), pages 122-132, September.
    6. Dedi Iskandar Batubara & Heri Kusmanto & M. Arif Nasution & Amir Purba, 2018. "Kaizen and Kanban Implementation in Management of Education to Support of Total Quality Management Improvement at Council of Al Washliyah of North Sumatera, Indonesia," Academic Journal of Economic Studies, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 4(3), pages 154-166, September.
    7. Septi Utami Anugrah & Harmein Nasution & Nazaruddin, 2018. "The Influencing Factors Of Turnover On Nurses In Private Hospitals In Binjai City, Indonesia," Junior Scientific Researcher, SC Research Publishing SRL, vol. 4(2), pages 49-66, November.
    8. Abdhy Aulia Adnans & Iskandar Muda, 2018. "Neoclassical Growth Model Application To The Analysis Of Human Capital For Regional Development," Eurasian Journal of Economics and Finance, Eurasian Publications, vol. 6(4), pages 1-13.
    9. Rifki Maidasari & Yeni Absah & Elisabet Siahaan, 2018. "An Analysis of the Implication of Workload and Social Support toward Burnout," Academic Journal of Economic Studies, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 4(3), pages 187-198, September.
    10. Anugrah, Septi Utami & Nasution, Harmein & Nazaruddin, Nazaruddin, 2018. "The influencing factors of turnover on nurses in private hospitals in Binjai city, Indonesia," MPRA Paper 92355, University Library of Munich, Germany.
    11. Osro, Siti Aisah & Nasution, Harmein & Sadalia, Isfenti, 2018. "The influence of emotional intelligence on the performance of health department officers of Deli Serdang regency," MPRA Paper 92359, University Library of Munich, Germany.
    12. Anugerah Iman Hrp & Isfenti Sadalia & Khaira Amalia Fachrudin, 2017. "The Effect of Leverage and Financial Distress on Earnings Management with Good Corporate Governance as the Moderating Variable," Academic Journal of Economic Studies, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 3(4), pages 86-95, December.
    13. Aditi, Bunga & PENTANA, SOPI, 2018. "Analysis of Influence of Micro Small and Medium Enterprises (MSMEs) Development as a Competitive Advantage to Creative Economic Development," OSF Preprints ejk47, Center for Open Science.
    14. Ridwansyah, Ridwansyah & Sadalia, Isfenti & Absah, Yeni, 2018. "The analysis of the influence of motivation, competence, and incentive toward employee performance at pt Sianjur resort, a housing developer of Oma Deli Medan, Indonesia," MPRA Paper 92358, University Library of Munich, Germany.
    15. Rahmad Hidayat & Isfenti Sadalia & Khaira Amalia Fachrudin, 2018. "Factors Affecting the Financing of Profitability Using Non Performing Financing as Moderating Variable in Sharia Business Unit of Bank Sumut (Bank of North Sumatera) in North Sumatera," Academic Journal of Economic Studies, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 4(1), pages 94-104, March.
    16. Abdul Nasser Hasibuan, 2018. "Company Monitoring Analysis on Financial Report Quality in Indonesia Stock Exchange Manufacturing Sector," Academic Journal of Economic Studies, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 4(4), pages 162-175, December.
    17. Iskandar Muda & Hasnaini Ridha, 2018. "Effect of Revenue and General Allocation Fund of Capital Expenditures in the Economic Growth as Moderator Variable. Case of Indonesia," Academic Journal of Economic Studies, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 4(1), pages 29-39, March.
    18. Hardi Mulyono & Syafrizal Helmi Situmorang, 2018. "e-CRM and Loyalty: A Mediation Effect of Customer Experience and Satisfaction in Online Transportation of Indonesia," Academic Journal of Economic Studies, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 4(3), pages 96-105, September.
    19. Zulkifli Osro & Prihatin Lumbanraja & Sitti Raha Agoes Salim & Yeni Absah, 2018. "The Analysis of Personality and Work Ability on the Performance of Outsourcing Employees with Work Motivation as Intervening Variable at Pt Inalum (Persero) in Kuala Tanjung," Academic Journal of Economic Studies, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 4(2), pages 90-104, June.
    20. Hasan Basri & Cindi Paramita Februari & M. Shabri Abd. Majid, 2019. "Does Indonesia Sustainability Reporting Award (ISRA) Cause Abnormal Return and Stock Trading Volume: A Comparative Analysis," Academic Journal of Economic Studies, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 5(1), pages 74-79, March.

    More about this item

    Keywords

    Financial education; promotion; risk perception; investment gallery;
    All these keywords.

    JEL classification:

    • A23 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - Graduate
    • G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions
    • H52 - Public Economics - - National Government Expenditures and Related Policies - - - Government Expenditures and Education
    • H54 - Public Economics - - National Government Expenditures and Related Policies - - - Infrastructures
    • H75 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Government: Health, Education, and Welfare
    • M51 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Personnel Economics - - - Firm Employment Decisions; Promotions

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:khe:scajes:v:4:y:2018:i:2:p:51-60. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Adi Sava (email available below). General contact details of provider: https://edirc.repec.org/data/ffucdro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.