Abstract
This study examines the effect of financial literacy and sociodemographic factors on stock investment decisions through behavioral bias as a variable intervention. By using purposive sampling technique, so that the number of research samples obtained was 109 members of investment galleries at State Islamic University Maulana Malik Ibrahim Malang, Brawijaya University, and State University of Malang. The results showed that financial literacy affects stock investment decisions and behavioral bias, while sociodemographic factors do not affect them. Behavioral bias influences stock investment decisions and it can mediate the effect of financial literacy on stock investment decisions but it is unable to mediate sociodemographic factors towards stock members' invest.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
