The Influence of Education and Experience Toward Investment Decision With Moderated by Financial Literacy
Year: 2016
Type: article
Study design: Observational Study
Abstract: Stock right investment decision is expected to provide the expected profit. This research aims to determine the influence of education and experience toward investment decision with moderated financial literacy by individual investors in the city of Medan. This study used primary data by questionnaire and the sample consisted of 250 respondents who are investor active in the city of Medan – Indonesia. Data analysis using descriptive statistical analysis and Structural Equation Modelling. The results showed that investors with the highest level of education is undergraduate 46.80%. The experience of investors invest in stocks that have been investing in shares over 3 years is the largest number as many as 36.00%. Education and investment experience have no significant relationships directly at alpha 5% toward the investment decision. Financial literacy is found to strengthen the links between education and experience toward investment decisions. The implication is that financial literacy is indispensable for the right investment decision.
Institution: Universitas Sumatera Utara
Language: English
Subfield: Accounting
Domain: Social Sciences
SDG: Quality education
Open Access status: diamond
OpenAlex ID: W2561463564