Emotional intelligence, sociodemographic, and investment decision: the moderating effect of financial literacy
(1) Kadiri University
(2) Kadiri University
(3) Kadiri University
(*) Corresponding Author
Abstract
sociodemographic factors on investment decisions, and financial literacy as moderating variables of emotional intelligence and sociodemographic factors on investment decisions. The research population is investor saham pemula (ISP) community, a sample of 106 investors. The analysis technique used in this research uses the help of the Smart PLS 3.0 data processing application. the results of the study indicate that Emotional Intelligence has a positive and significant effect on investment decisions; Sociodemography has no effect on investment decisions; Emotional intelligence is positive and significant to investment decisions moderated by financial literacy; positive and significant sociodemography on investment decisions moderated by financial literacy
Keywords
Full Text:
PDFReferences
Ademola, S. A., & Musa, A. S. (2019). Moderating Effect of Risk Perception on Financial Knowledge, Literacy and Investment Decision. In American International Journal of Economics and Finance Research (Vol. 1, Issue 1). www.acseusa.org/journal/index.php/aijefr
Ahmad, M. (2018). Impact of Neurotransmitters, Emotional Intelligence and Personality on Investor’s Behavior and Investment Decisions. Pakistan Journal of Commerce and Social Sciences, 12(1), 330–362.
Ajzen, I., & Fishbein, M. (1977). Attitude-behavior relations: A theoretical analysis and review of empirical research. Psychological Bulletin, 84(5), 888–918. https://doi.org/10.1037/0033-2909.84.5.888
Alteza, M., & Harsono, D. M. (2021). KEUANGAN KEPERILAKUAN: TELAAH ATASEVOLUSI TEORI DAN STUDI EMPIRIS. Jurnal Ilmu Manajemen, 18(1), 1–19.
Dhiman, B., & Raheja, S. (2018). Do Personality Traits and Emotional Intelligence of Investors Determine Their Risk Tolerance? Management and Labour Studies, 43(1–2), 88–99. https://doi.org/10.1177/0258042X17745184
Dinç Aydemir, S., & Aren, S. (2017). Do the effects of individual factors on financial risk-taking behavior diversify with financial literacy? Kybernetes, 46(10), 1706–1734. https://doi.org/10.1108/K-10-2016-0281
Fazal Hadi. (2017). Effect of Emotional Intelligence on Investment Decision Making With a Moderating Role of Financial Literacy. China-USA Business Review, 16(2). https://doi.org/10.17265/1537-1514/2017.02.002
Lee, M., & Huang, L. (2018). Gender bias, social impact framing, and evaluation of entrepreneurial ventures. Organization Science, 29(1), 1–16. https://doi.org/10.1287/orsc.2017.1172
Lotto, J. (2020). Understanding sociodemographic factors influencing households’ financial literacy in Tanzania. Cogent Economics and Finance, 8(1). https://doi.org/10.1080/23322039.2020.1792152
Mathanika, Tharsiga, & Yogendrarajah, R. (2017). Demographic Factors and Individual Investor’s Decision Making. European Journal of Business and Management Www.Iiste.Org ISSN, 9(15). https://ssrn.com/abstract=3165587
Mayer, J. D., Roberts, R. D., & Barsade, S. G. (2008). Human abilities: Emotional intelligence. Annual Review of Psychology, 59, 507–536. https://doi.org/10.1146/annurev.psych.59.103006.093646
Mohamed Abdeldayem, M. (2019). Is There a Relationship between Financial literacy and Investment Decisions in the Kingdom of Bahrain? Journal of Management and Accounting Studies, 4(02), 68–78. https://doi.org/10.24200/jmas.vol4iss02pp68-78
Nutia, P., & agung, listiadi. (2021). Literasi Keuangan dan Pendapatan pada Keputusan Investasi dengan Perilaku Keuangan sebagai Variabel Moderasi. Jurnal Ilmiah Akuntansi Dan Humanika, 11(1).
Nyoman, N., Seni, A., Made, N., & Ratnadi, D. (2017). THEORY OF PLANNED BEHAVIOR UNTUK MEMPREDIKSI NIAT BERINVESTASI. Bisnis Universitas Udayana, 6, 4043–4068.
Pahlevan Sharif, S., Ahadzadeh, A. S., & Turner, J. J. (2020). Gender Differences in Financial Literacy and Financial Behaviour Among Young Adults: The Role of Parents and Information Seeking. Journal of Family and Economic Issues, 41(4), 672–690. https://doi.org/10.1007/s10834-020-09674-z
Putri, W. W., Hamidi, M., Manajemen, D. M., Ekonomi, F., & Andalas, U. (2019). INVESTASI (STUDI KASUS PADA MAHASISWA MAGISTER MANAJEMEN FAKULTAS EKONOMI UNIVERSITAS ANDALAS PADANG) Mahasiswa Magister Manajemen, Fakultas Ekonomi, Universitas Andalas 2). In Jurnal Ilmiah Mahasiswa Ekonomi Manajemen (Vol. 4, Issue 1).
Rafinza Widiar Pradhana. (2018). PENGARUH FINANCIAL LITERACY,COGNITIVE BIAS,DAN EMOTIONAL BIAS TERHADAP KEPUTUSAN INVESTASI(STUDI PADA INVESTOR GALERI INVESTASI UNIVERSITAS NEGERI SURABAYA). Jurnal Ilmu Manajemen, 6(3).
Salehi, M., & Mohammadi, N. (2017). The relationship between emotional intelligence, thinking style, and the quality of investors’ decisions using the log-linear method. Qualitative Research in Financial Markets, 9(4), 325–336. https://doi.org/10.1108/QRFM-04-2017-0025
Sartika, F., & Humairo, N. (2021). Literasi Keuangan dan Faktor Sosiodemografi terhadap Keputusan Investasi melalui Bias Perilaku. Jurnal Ilmiah Manajemen Dan Bisnis, 22(2), 164–177. https://doi.org/10.30596/jimb.v22i2.7766
Sashikala, & chitramani. (2017). A REVIEW ON EMOTIONAL INTELLIGENCE AND INVESTMENT BEHAVIOR. International Journal of Management (IJM), 8(3), 32–41. http://www.iaeme.com/IJM/index.asp32http://www.iaeme.com/ijm/issues.asp?JType=IJM&VType=8&IType=3JournalImpactFactor
Sivaramakrishnan, S., Srivastava, M., & Rastogi, A. (2017). Attitudinal factors, financial literacy, and stock market participation. International Journal of Bank Marketing, 35(5), 818–841. https://doi.org/10.1108/IJBM-01-2016-0012
Suyam Praba, M. R. (2016). Financial Risk Tolerance and the influence of Socio-demographic Characteristics of Retail Investors Introduction. In ISBR Management Journal.
Tang, N., Chen, J., Zhang, K., & Tang, T. L. P. (2018). Monetary Wisdom: How Do Investors Use Love of Money to Frame Stock Volatility and Enhance Stock Happiness? Journal of Happiness Studies, 19(6), 1831–1862. https://doi.org/10.1007/s10902-017-9890-x
Thomas Muttath, B., & Prof. (Dr.) Assissi Menachery. (2018). IMPACT OF EMOTIONAL INTELLIGENCE ON INVESTMENT DECISIONS. Journal of Management Research and Analysis (JMRA), 878, 255–260. http://jmraonline.comhttp://jmraonline.com,
Wahyuni, asri, & pramono, nugroho. (2021). PENGARUH FAKTOR DEMOGRAFI DAN FAKTOR PSIKOLOGI INVESTOR DALAM PENGAMBILAN KEPUTUSAN INVESTASI DI ERA EKONOMI DIGITAL. 4(1). http://openjournal.unpam.ac.id/index.php/JABI
Wubie, A. W., Dibabe, T. M., & Wondmagegn, G. A. (2015). The Influence of Demographic Factors on Saving and Investment Decision of High School Teachers in Ethiopia: A Case Study on Dangila Woreda. In Research Journal of Finance and Accounting www.iiste.org ISSN (Vol. 6, Issue 9). Online. www.iiste.org
DOI: https://doi.org/10.24123/jmb.v22i2.630
Article Metrics
Abstract view : 235 timesPDF - 100 times
Refbacks
- There are currently no refbacks.
Copyright (c) 2023 nindi vaulia puspita

This work is licensed under a Creative Commons Attribution 4.0 International License.
This work is licensed under a Creative Commons Attribution 4.0 International License. ISSN: 1412-3789. e-ISSN: 2477-1783.
![]() | ![]() | ![]() | |
![]() | ![]() | ![]() | ![]() |