Abstract:

The rapid development of the global economy requires millennials to be more sensitive to financial instruments or discussions about finance. Investment itself is an investment to get profits at a later date. Capital can be in the form of money or other resources. Investment is prioritized for the future, not in the short or near term. This study aims to analyze the effect of investment knowledge and financial literacy on investment intention in the capital market in the millennial generation moderated by financial self-efficacy. The population of this study were all students of the S1 Accounting study program, Faculty of Economics, University of Semarang who had taken at least 3 semesters. The sampling technique used is Simple Random Sampling. This study uses two independent variables, namely investment knowledge and financial literacy and one moderating variable, namely financial self-efficacy with the dependent variable investment intention in the capital market. The primary data collection method used in this study was by distributing questionnaires to a number of questions to respondents, namely students of the Bachelor of Accounting study program. The analytical method used in testing the hypotheses proposed in this study is Partial Least Square (PLS) but before that will be tested for validity, reliability, normality and descriptive statistics. The results of this study prove empirically that investment knowledge and financial literacy can have a significant positive effect on investment intentions. The next finding is that financial self-efficacy is proven to be able to strengthen the effect of investment knowledge and financial literacy on investment intentions. Adjusted R square of investment interest is 67.2%.

Keywords:

Investment knowledge, financial literacy, financial self-efficacy, investment intention.

How to Cite:

Ardiani Ika Sulistyawati, Yulianti, Saifudin, Rosyati, Kurnia Rina Ariani and Imam Ghozali. The Role of Financial Self Efficacy in Moderating the Influence of Investment Knowledge and Financial Literacy on Investment Intention in the Capital Market among Millennials. [ref]: vol.21.2023. available at: https://refpress.org/ref-vol21-a301/