The Effect of Information Technology, Investment Knowledge, Motivation, and Risk Perception on Millennials’ Intention to Invest in the Capital Market: A Case Study in Wonosobo Regency, Central Java

Amanda Sastya; Agita Nur Ngazma; Era Risqia Putri; Farida Riza Umami

doi:10.63922/ijebir.v5i06.6668

Amanda Sastya Department of Management, Faculty of Economics and Business, Universitas Sains Al-Qur’an, Wonosobo, Central Java, Indonesia
Agita Nur Ngazma Department of Management, Faculty of Economics and Business, Universitas Sains Al-Qur’an, Wonosobo, Central Java, Indonesia
Era Risqia Putri Department of Management, Faculty of Economics and Business, Universitas Sains Al-Qur’an, Wonosobo, Central Java, Indonesia
Farida Riza Umami Department of Management, Faculty of Economics and Business, Universitas Sains Al-Qur’an, Wonosobo, Central Java, Indonesia

DOI: https://doi.org/10.63922/ijebir.v5i06.6668

Keywords: Information Technology, Investment Knowledge, Motivation, Risk Perception, Investment Intention

Abstract

Investment in the capital market has become increasingly accessible due to the development of information technology and growing public awareness of the importance of financial planning. The millennial generation is a potential group in the development of capital market investors due to their closeness to technology and ability to adapt to digital information. However, the increase in the number of investors nationally has not been fully followed by an increase in investment interest at the regional level. This study aims to analyze the effect of information technology, investment knowledge, motivation, and risk perception on the interest of the millennial generation in investing in the capital market in Wonosobo Regency, Central Java. This study uses a quantitative approach by distributing questionnaires to 100 respondents selected based on the criteria of the millennial generation aged 30–45 years and domiciled in Wonosobo Regency. Variables were measured using a five-level Likert scale and analyzed through validity tests, reliability tests, classical assumption tests, multiple linear regression analysis, t-test, F-test, and coefficient of determination. The results of this study are expected to provide empirical contributions in explaining the factors that influence the investment interest of the millennial generation at the local level and become the basis for formulating more effective strategies to increase investment interest

References

Ajzen, I. (1991). The theory of planned behavior. Organizational Behavior and Human Decision Processes, 50(2), 179–211. https://doi.org/https://doi.org/10.1016/0749-5978(91)90020-T
Ardani, A., & Sulindawati, N. L. (2021). PENGARUH PERKEMBANGAN APLIKASI INVESTASI, RISIKO INVESTASI DAN PENGETAHUAN INVESTASI TERHADAP MINAT INVESTASI PASAR MODAL PADA GENERASI MILENIAL DAN GENERASI Z PROVINSI BALI DI ERA PANDEMI.
Belisca, A., & Hidayat, M. (2022). ANALISIS FAKTOR-FAKTOR YANG MEMPENGARUHI MINAT BERINVESTASI DI PASAR MODAL BAGI GENERASI MILENIAL. JOSR: Journal of Social Research Mei, 2022(5), 518–534. http://https://ijsr.internationaljournallabs.com/index.php/ijsrhttp://ijsr.internationaljournallabs.com/index.php/ijsr
Faridah, T., & Damayanti. (2023). PENGARUH TEKNOLOGI INFORMASI, PENGETAHUAN INVESTASI DAN MOTIVASI INVESTASI TERHADAP MINAT INVESTASI MAHASISWA.
Firdaus, R., & Ifrochah, N. (2022). PENGARUH PENGETAHUAN INVESTASI DAN MOTIVASI INVESTASI TERHADAP MINAT INVESTASI MAHASISWA POLITEKNIK KEUANGAN NEGARA STANDI PASAR MODAL.
Ghozali. (2011). Aplikasi Analisis Multivariate Dengan Program SPSS.
Hidayat, A. I., & Suhaedi, W. (2024). PENGARUH PENGETAHUAN INVESTASI, EKSPEKTASI RETURN DAN PEMAHAMAN KEMAJUAN TEKNOLOGI TERHADAP MINAT INVESTASI MAHASISWA DI PASAR MODAL (Vol. 4, Number 3).
Maulida, D., Pospos, A., & Iskandar. (2021). Pengaruh Pengetahuan, Motivasi dan Modal Minimum terhadap Minat Berinvestasi. In Jurnal Investasi Islam (Vol. 6, Number 1). http://journal.iainlangsa.ac.id/index.
Negara, A., & Febrianto, H. (2020). PENGARUH KEMAJUAN TEKNOLOGI INFORMASI DAN PENGETAHUAN INVESTASI TERHADAP MINAT INVESTASI GENERASI MILENIAL DI PASAR MODAL.
Nugroho, Y., & Maisara, P. (2024). Pengaruh Kemajuan Teknologi, Literasi Keuangan, dan Risk Tolerance Terhadap Minat Investasi Mahasiswa Solo Raya. https://doi.org/10.46799/syntax
Nur Kumala, K., & Venusita, L. (2023). Persepsi Risiko dan Lingkungan Sosial terhadap Minat Investasi di Pasar Modal Dimoderasi dengan Media Sosial.
Tandelilin, E. (2010). Portofolio dan Investasi: Teori dan Aplikasi. Kanisius.