THE INFLUENCE OF FINANCIAL LITERACY, INDIVIDUAL
CHARACTERISTICS, OVERCONFIDENCE AND RISK TOLERANCE ON
STOCK INVESTMENT DECISIONS

THE INFLUENCE OF FINANCIAL LITERACY, INDIVIDUAL
CHARACTERISTICS, OVERCONFIDENCE AND RISK TOLERANCE ON
STOCK INVESTMENT DECISIONS

Financial Literacy, Individual Characteristics, Overconfidence, Risk
Tolerance, Stock Investment Decisions

This study aims to analyze the influence of financial literacy, individual
characteristics including age and gender, overconfidence and risk tolerance
on stock investment decisions. This research uses quantitative methods. The
measurement method of research variables in this study uses an online survey
questionnaire instrument via Google-Form. The research sample are students
in Faculty of Economics and Business, Universitas Airlangga, who are
actively investing that consist of 439 students. The research finding revealed
that there is a significant positive influence of financial literacy on stock
investment decisions. But, there is no influence of the individual
characteristics including age and gender on stock investment decisions.
Meanwhile, there is a positive significant influence of overconfidence and risk
tolerance on stock investment decisions.

Mario Zagarino Laning, Rahmat Setiawan

https://jurnal.stie-aas.ac.id/index.php/IJEBAR

2023

peri irawan

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