Last modified: 2024-02-01
Abstract
This research aims to analyze and determine the influence of education, financial literacy, and investment motivation on investment decisions in Shariah stocks (a case study of students in Malang City). This is a quantitative and correlational study that examines the relationship between independent variables and the dependent variable. The study included a sample of 120 students from Malang City. Data collection began with distributing questionnaires, and data analysis started with validating content and criteria. Various classical assumption tests were conducted, including tests for normality, multicollinearity, heteroscedasticity, coefficient of determination (R²), and hypothesis testing (partial t-tests and simultaneous F-tests) using SPSS 25 software. This research indicates that education, financial literacy, and investment motivation simultaneously and significantly influence investment decisions in Shariah stocks among students in Malang City. They also have individual effects: 1) Education has a significant impact on investment decisions in Shariah stocks, 2) Financial literacy has a significant impact on investment decisions in Shariah stocks, and 3) Investment motivation has a significant impact on investment decisions in Shariah stocks.
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Keywords: Capital Market Education, Financial Literacy, Investment Motivation