Factor Influencing University Students’ Investment Interests: A Correlational Study
Abstract
The trend toward digital technology modernization has increased students’ investment interests. However, this has not been accompanied by adequate financial literacy, which could potentially lead to poor decision making. This quantitative study using a correlation analysis method, aims to analyze the influence of lifestyle, social environment, allowance, and self control on the motivation to invest among students at the faculty of economics and business Bumigora University. The population for this study consisted of 1.119 students and the sample size was determined using the Slovin formula to be 291 participants. Primary data obtained through a digital questionnaire was analyzed using multiple linear regression. The data analysis indicates that lifestyle, social environment, allowance, and self control have a positive significant on students investment interests. Collectively, these factors also act as strong determinants of students motivation in investing. The results of this study have practical implications for educational institutions in developing more targeted financial curricula, as well as for policymakers in developing more prudent and responsible investment initiatives.
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References
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[3] D. A. O. Astarini, I. Murapi, Khairunnisa, N. K. Sriwinarti, and H. Fahrurrohmi, “Literasi Berinvestasi diPasar Modal dengan FocusGroup DiscussionKelas Trading,” JILPI:JURNAL ILMIAH PENGABDIAN DAN INOVASI, vol. 2, no. 4, pp. 1017–1026, 2024.
[4] S. Bakhri, A. Aziz, and R. Sarinah, “Pengetahuan dan Motivasi untuk Menumbuhkan Minat Berinvestasi pada Mahasiswa,” Value : Jurnal Manajemen Dan Akuntansi, vol. 15, no. 2, pp. 60–73, 2020, doi: https://doi.org/10.32534/jv.v15i2.1175.
[5] E. Soleha and N. Hartati, “Analisis Perilaku Keuangan Mahasiswa Universitas Pelita Bangsa dalam Keputusan Investasi,” EKOMABIS: Jurnal Ekonomi Manajemen Bisnis, vol. 2, no. 1, pp. 59-70., 2021, doi: https://doi.org/10.37366/ekomabis.v2i01.124.
[6] A. E. Lestari, E. Indriani, and N. Kartikasari, “PENGARUH LITERASI KEUANGAN, RETURN, PERSEPSI RISIKO, GENDER DAN KEMAJUAN TEKNOLOGI TERHADAP MINAT INVESTASI MAHASISWA,” Jurnal Riset Mahasiswa Akuntansi, vol. 2, no. 4, pp. 726–738, 2022, doi: https://doi.org/10.29303/risma.v2i4.238.
[7] R. Suhendi and A. Firmansyah, “Kesulitan Keuangan, Proporsi Hutang dan Peluang Investasi, Audit Delay: Peran Moderasi Dewan Komisaris Independen,” Owner, vol. 6, no. 2, pp. 1373–1384, 2022, doi: 10.33395/owner.v6i2.746.
[8] H. Hariyanto and D. Damayanti, “PENGARUH LITERASI KEUANGAN, MOTIVASI, RETURN DAN RISIKO TERHADAP MINAT INVESTASI MAHASISWA DI PASAR MODAL,” J-MACC : Journal of Management and Accounting, vol. 5, no. 2, pp. 29–43, 2022, doi: https://doi.org/10.52166/j-macc.v5i2.3475.
[9] G. Lioera, Y. K. Susanto, and D. Supriatna, “Faktor-Faktor yang mempengaruhi Minat Investasi Mahasiswa di Pasar Modal,” Media Bisnis, vol. 14, no. 2, pp. 88–112, 2022, doi: https://doi.org/10.34208/mb.v14i2.1665.
[10] M. S. Faturrahman, M. Fauzan, F. Y. Putri, and B. A. Kurniansyah, “Faktor Faktor Yang Mempengaruhi Minat Berinvestasi Mahasiswa Dalam Pasar Modal Syariah,” Gudang Jurnal Multidisiplin Ilmu, vol. 2, no. 12, pp. 786–794, 2024, doi: : https://doi.org/10.59435/gjmi.v2i12.1214.
[11] H. A. David and S. B. Butar, “Pengaruh Tata Kelola Perusahaan, Reputasi KAP, Karakteristik Perusahaan dan Opini Audit terhadap Audit Delay,” Jurnal Akuntansi Bisnis, vol. 18, no. 1, p. 1, 2020, doi: 10.24167/jab.v18i1.2698.
[12] A. E. Rachma and N. Takarini, “Analisis Pertumbuhan Laba Pada Perusahaan Sub Sektor Properti dan Real Estate Yang Terdaftar di BEI,” Prosidifing Senama 2019, vol. 1345, no. 443, pp. 6–8, 2019.
[13] A. Gulo, I. L. Gaol, M. Tampubolon, and I. R. Sari, “Pengaruh Ukuran Perusahaan, Likuiditas, Leverage, dan Aktivitas Terhadap Pertumbuhan Laba Pada Perusahaan Sektor Perdagangan, Jasa Dan Investasi Yang Terdaftar Di Bursa Efek Indonesia Periode 2016-2019,” Journal of Economic, Bussines and Accounting (Costing), vol. 5, no. 1, pp. 169–181, 2021, doi: 10.31539/costing.v5i1.2589.
[14] I. N. Fatchan, F. H. Fatchan, F. Achyani, C. K. Wardana, and F. Kholillulloh, “Analisis Faktor yang Mempengaruhi Minat Mahasiswa dalam Berinvestasi,” AKADEMIK: Jurnal Mahasiswa Humanis, vol. 4, no. 2, pp. 588–601, 2024, doi: https://doi.org/10.37481/jmh.v4i2.941.
[15] Y. Kadoya and M. S. R. Khan, “What determines financial literacy in Japan?,” J. Pension Econ. Financ., vol. 19, no. 3, pp. 353–371, 2019, doi: https://doi.org/10.1017/S1474747218000379.
[16] G. Ardila and M. Burrohman, “Apakah Pengetahuan Investasi dan Pelatihan Pasar Modal dapat Meningkatkan Minat Investasi Mahasiswa,” Jurnal Pendidikan Tambusai, vol. 5, no. 3, pp. 11094–11099, 2022, doi: https://doi.org/10.31004/jptam.v5i3.2769.
[17] N. T. Herawati and N. W. Y. Dewi, “The Effect of Financial Literacy, Gender, and Students’ Income on Investment Intention: The Case of Accounting Students,” in Proceedings of the 3rd International Conference on Innovative Research Across Disciplines (ICIRAD 2019), 2019, pp. 2352–5398. doi: 10.2991/assehr.k.200115.022.
[18] C. N. M. Girsang and I. S. Suryamartono, “PENGARUH PENGETAHUAN INVESTASI, LITERASI KEUANGAN DAN PENDAPATAN TERHADAP KEPUTUSAN INVESTASI MELALUI MINAT INVESTASI (STUDI KASUS PT BFI FINANCE TBK),” Journal of Economic, Bussines and Accounting (COSTING), vol. 8, no. 3, pp. 97–123, 2025, doi: https://doi.org/10.31539/costing.v8i3.14846.
[19] S. Bakhri, “Minat Mahasiswa Dalam Investasi Di Pasar Modal,” Jurnal Ekonomi dan Perbankan Syariah, vol. 10, no. 1, pp. 47–58, 2019.
[20] N. A. Merdayanti and A. Bawono, “The effect of exports, imports, labor, and IHDI on economic growth with investment from China as a moderating variable,” in Proceeding International Conference on Islam Law and Society (INCOILS) 3(1), 2024, pp. 321–400. doi: 10.70062/incoils.v3i1.148.
[21] R. Jayengsari and N. F. Ramadhan, “Pengaruh Pengetahuan Investasi dan Motivasi Terhadap Minat Investasi di Pasar Modal Syariah Pada Mahasiswa,” El-Ecosy : Jurnal Ekonomi Dan Keuangan Islam, vol. 1, no. 2, pp. 165–182, 2021, doi: https://doi.org/10.35194/.v1i2.1657.
[22] A. Nurlita, “INVESTASI DI PASAR MODAL SYARIAH DALAM KAJIAN ISLAM,” Jurnal Penelitian Sosial Keagamaan, vol. 17, no. 1, pp. 76–88, 2019, doi: http://dx.doi.org/10.24014/kutubkhanah.v17i1.806.
[23] B. Safira and O. Charolina, “Implementasi Investasi Saham di Galeri Investasi BEI STIA Bengkulu,” Jurnal Administrasi Bisnis Nusantara, vol. 3, no. 2, pp. 119–130, 2024, doi: https://doi.org/10.56135/jabnus.v3i2.164.
[24] Sugiyono, Metode Penelitian Pendidikan Pendekatan Kuantitatif, Kualitatif, Dan R&D. Bandung: Alfabeta, 2015.
[25] S. Sugiyono, Metode penelitian kuantitatif, kualitatif, dan R&D / Sugiyono, Cetakan Ke. Bandung: Bandung: Alfabeta, 2021, 2021.
[26] S. Adiningtyas and L. Hakim, “Pengaruh Pengetahuan Investasi, Motivasi, dan Uang Saku terhadap Minat Mahasiswa Berinvestasi di Pasar Modal Syariah dengan Risiko Investasi sebagai Variabel Intervening,” Jurnal Ilmiah Ekonomi Islam, vol. 8, no. 1, pp. 474–482, 2022, doi: https://doi.org/10.29040/jiei.v8i1.4609.
[27] I. Ghozali, Aplikasi Analisis Multivariate dengan Program SPSS. Semarang, Indonesia.: Badan Penerbit Universitas Diponegoro, 2011.
Published
2026-07-27
How to Cite
ASTARINI, Dewa Ayu Oki; MURAPI, Ikang.
Factor Influencing University Students’ Investment Interests: A Correlational Study.
Journal of Information System, Applied, Management, Accounting and Research, [S.l.], v. 10, n. 3, p. 844-862, july 2026.
ISSN 2598-8719.
Available at: <https://journal.stmikjayakarta.ac.id/index.php/jisamar/article/view/2568>. Date accessed: 28 july 2026.
doi: https://doi.org/10.52362/jisamar.v10i3.2568.
Section
Articles
This work is licensed under a Creative Commons Attribution 4.0 International License.
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