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Original Research

PAST BEHAVIOUR, FINANCIAL LITERACY AND INVESTMENT DECISION MAKING PROCESS OF INDIVIDUAL INVESTORS

SUGENG WAHYUDI 1, MUDZAKIR F. UTOMO 2, RIO DHANI LAKSANA 3, and HERSUGONDO HERSUGONDO 4.

Vol 19, No 01 ( 2024 )   |  DOI: 10.5281/zenodo.10603102   |   Author Affiliation: Faculty of Economics and Business- Diponegoro University, Semarang, Indonesia 1,2,4; Faculty of Economics and Business- Jenderal Sudirman University, Purwokerto, Indonesia 3.   |   Licensing: CC 4.0   |   Pg no: 1064-1070   |   Published on: 29-01-2024

Abstract

This paper aims to find out consequences of investor decision making behaviour by including two external variables, namely, financial literacy and past behaviour. The addition of past behaviour may be a novelty of this article because the examination has not been carried out empirically, especially in the case of developing countries such as Indonesia. The purpose of this study is to create hypotheses and test the behavioural intentions of individual investors by relating them to psychological variables (attitudes, perceived behavioural control and past behaviour, social variables (subjective norms) and personal abilities (financial literacy). This research method uses techniques random sampling, using a self-administered questionnaire and the data collected were analyzed in AMOS 20.0 using two-step structural equation modelling (SEM).


Keywords

Past Behaviour, Financial Literacy And Investment Decision.