June 17, 2025Jurnal Ilmu Ekonomi JIE

The Role of Herding Behavior as a Moderating Variable on the Influence of Financial Literacy and Risk Tolerance on Students' Investment Decisions

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Investment decisions are significantly influenced by financial literacy and risk tolerance, showing a strong relationship with positive outcomes.
Herding behavior does not significantly moderate the impacts of financial literacy and risk tolerance on investment decisions among students.
The study employed a quantitative approach with data collected from students at UIN Maulana Malik Ibrahim Malang, class of 2021.
Results indicate the increasing number of young investors necessitates an understanding of behavioral factors affecting their choices.

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Implication

Quantitative analysis reveals financial literacy and risk tolerance positively influence investment decisions in students, suggesting moderation by herding behavior is minimal.

Cite This Study

Puspitarini et al. (2025) studied this question.

synapsesocial.com/papers/68af495fad7bf08b1ead56d4 https://doi.org/10.22219/jie.v9i03.40877

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Implication

Quantitative analysis reveals financial literacy and risk tolerance positively influence investment decisions in students, suggesting moderation by herding behavior is minimal.

The Role of Herding Behavior as a Moderating Variable on the Influence of Financial Literacy and Risk Tolerance on Students' Investment Decisions

Key Points

Discussion

Implication

Cite This Study

The Role of Herding Behavior as a Moderating Variable on the Influence of Financial Literacy and Risk Tolerance on Students' Investment Decisions

Key Points

Discussion

Implication

Cite This Study

Also Consider

Also Consider