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Investment intention among millennials in Islamic stock market with perceived risk as a moderating variable

Author

Listed:
  • Naelati Tubastuvi

    (Faculty Economics and Business, Universitas Muhammadiyah Purwokerto, Jl. KH. Ahmad Dahlan, Dusun III, Dukuhwaluh, Kec. Kembaran, Kabupaten Banyumas, Jawa Tengah 53182.)

  • Erny Rachmawati

    (Faculty Economics and Business, Universitas Muhammadiyah Purwokerto, Jl. KH. Ahmad Dahlan, Dusun III, Dukuhwaluh, Kec. Kembaran, Kabupaten Banyumas, Jawa Tengah 53182.)

  • Ika Yustina Rahmawati

    (Faculty Economics and Business, Universitas Muhammadiyah Purwokerto, Jl. KH. Ahmad Dahlan, Dusun III, Dukuhwaluh, Kec. Kembaran, Kabupaten Banyumas, Jawa Tengah 53182.)

  • Arienda Gitty Ramadani

    (Faculty Economics and Business, Universitas Muhammadiyah Purwokerto, Jl. KH. Ahmad Dahlan, Dusun III, Dukuhwaluh, Kec. Kembaran, Kabupaten Banyumas, Jawa Tengah 53182.)

Abstract

This study aims to examine the factors that influence investment intention, namely investment motivation, investment knowledge and information technology in the millennial generation in banyumas with perceived risk as a moderation variable. The samples used in this study were 220 samples. The sampling method is non-probability sampling and the sampling technique is the convenience sampling method. Structural model analysis is carried out using PLS through several stages of analysis, namely outer model analysis, inner model analysis and hypothesis testing. The results of this study show that (i) Investment Motivation has a significant effect on Investment Intention, (ii) Investment Knowledge has a significant effect on Investment Intention, (iii) Information Technology has a significant effect on Investment Intention, (iv) Perceived Risk has a significant effect on Investment Intention, (v) Perceived Risk has been proven to be able to moderate the relationship between Investment Motivation and Investment Intention, (vi) Perceived Risk is proven to be able to moderate the relationship between Information Technology Investment Intention and (vii) Perceived Risk is not proven to be able to moderate the relationship between Investment Knowledge and Investment Intention. Key Words:Investment Motivation, Investment Knowledge, Information Technology, Perceived Risk, Investment Intention

Suggested Citation

  • Naelati Tubastuvi & Erny Rachmawati & Ika Yustina Rahmawati & Arienda Gitty Ramadani, 2022. "Investment intention among millennials in Islamic stock market with perceived risk as a moderating variable," International Journal of Research in Business and Social Science (2147-4478), Center for the Strategic Studies in Business and Finance, vol. 11(7), pages 160-167, October.
    • Handle: RePEc:rbs:ijbrss:v:11:y:2022:i:7:p:160-167
    DOI: 10.20525/ijrbs.v11i7.2044
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    References listed on IDEAS

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    2. Dowling, Grahame R & Staelin, Richard, 1994. "A Model of Perceived Risk and Intended Risk-Handling Activity," Journal of Consumer Research, Journal of Consumer Research Inc., vol. 21(1), pages 119-134, June.
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