Hubungan Motivasi, Modal Minimal, Literasi Keuangan, dan Minat Investasi Saham Taat Syariah
Abstract
Shares are one type of investment instrument that is most popular with the public, because the amount of capital issued is minimal and stock investment regulations are easy. Sharia compliant shares have better resilience compared to conventional shares. This research aims to determine the relationship between motivation, minimum capital and financial literacy in the context of sharia-compliant stock investment. A total of 118 students were observed as samples. A multiple linear regression approach was used for data analysis in this study. The research results show that motivation and financial literacy have a positive effect on the intention to invest in sharia shares, while minimum capital has no effect on the desire to invest in sharia shares.
Keywords: Sharia Compliant Stocks; Motivation; Minimal Capital; Financial Literacy; Investment Interest
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References
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Panggalih, R. G., & Zaki Baridwan. (2013). Minat Individu Terhadap Penggunaan Internet Banking : Pendekatan Modified Theory of Planned Behavior. Minor Thesis.
Pradikasari, E., & Yuyun, I. (2018). Pengaruh Financial Literacy, Illusion of Control, Overconfidence, Risk Tolerance, dan Risk Perception Terhadap Keputusan Investasi pada Mahasiswa di Kota Surabaya.
Pratama, A., & Lastiati, A. (2020). The Influence Of Knowledge, Learning Motivation And Capital Market Socialization On Investment Accounting. Jurnal SIKAP, 5(1), 104–121.
Purboyo, Zulfikar, R., & Wicaksono, T. (2019). Pengaruh Aktifitas Galeri Investasi, Modal Minimal Investasi, Persepsi Resiko dan Persepsi Return Terhadap Minat Investasi Saham Syariah (Studi pada Mahasiswa Uniska MAB Banjarmasin). Jurnal Wawasan Manajemen, 7. https://doi.org/https://doi.org/10.20527/jwm.v7i2.63
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Raditya, D., Budiarta, I. K., & Suardikha, I. M. S. (2014). Pengaruh Modal Investasi Minimal di BNI Sekuritas, Return dan Persepsi terhadap Risiko pada Minat Investasi Mahasiswa dengan Penghasilan Sebagai Variabel Moderasi (Studi Kasus pada Mahasiswa Magister di Fakultas Ekonomi dan Bisnis Universitas Udayana). Ekonomi, 7, 377–390.
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Safitri, S. D., & Purnamasari, D. I. (2021). The Impact of Financial Literacy , Financial Behavior , and Financial Motivation on Students ’ Investments Decision. International Journal of Current Research, Ksei 2020, 5–8.
Saraswati, K. R. A., & Wirakusuma, M. G. (2018). Pemahaman Atas Investasi Memoderasi Pengaruh Motivasi dan Risiko Investasi Pada Minat Berinvestasi. E-Jurnal Akuntansi, 24, 1584. https://doi.org/10.24843/eja.2018.v24.i02.p28
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Sherif, M., & Lusyana, D. (2017). Shariah -Compliant Investments and Stock Returns : Evidence from the Indonesian Stock Market. Journal of Islamic Accounting and Business Research, 8(2), 1–27. https://www.researchgate.net/publication/301547782_Shariah-Compliant_Investments_and_Stock_Returns_Evidence_from_the_Indonesian_Stock_Market
Suprihatin, S. (2015). Upaya Guru Dalam Meningkatkan Motivasi Belajar Siswa. PROMOSI, 03 No 1.
Wi, P., & Anggraeni, D. (2020). Faktor-Faktor Yang Mempengaruhi Minat Karyawan Perusahaan Untuk Berinvestasi Di Pasar Modal Pada Masa. Revenue, 01(01), 81–89.
Xiao, J. J. (2020). Financial Literacy in Asia: A Scoping Review Financial literacy for college students View project Financial capability for working young adults View project Financial Literacy in Asia: A Scoping Review. https://www.researchgate.net/publication/346611442
Yunia, P. S., Khanifiana, R., & Faizah, C. N. (2021). Pengaruh Motivasi, Pengetahuan, dan Preferensi Risiko Investasi Terhadap Minat Investasi Saham Syariah Mahasiswa FEBI IAIN Pekalongan di Pasar Modal Syariah. Finansha- Journal of Sharia Financial Management, 1(2), 55–63. https://doi.org/10.15575/fsfm.v1i2.10866
Ajzen, I., & Fishbein, M. (2005). The Influence of Attitudes on Behavior. The Handbook of Attitudes, January 2005, 187–236. https://doi.org/10.4324/9781410612823-13
Alfarauq, A. D., & Yusup, D. K. (2020). Pengaruh Pengetahuan Pasar Modal Syariah dan Motivasi Investasi Terhadap Minat Investasi Kaum Milenial Garut di Pasar Modal Syariah. Finansha- Journal of Sharia Financial Management, 1(1), 33–41. https://doi.org/10.15575/fsfm.v1i1.10052
Arifa, J. S. N., & Setiyani, R. (2020). Pengaruh Pendidikan Keuangan di Keluarga, Pendapatan, dan Literasi Keuangan terhadap Financial Management Behavior Melalui Financial Self-Effiacy Sebagai Variabel Mediasi. Economic Education Analysis Journal, 2(1), 552–568. https://doi.org/10.15294/eeaj.v9i2.39431
Aristya, E. N. (2019). Pengaruh Literasi Keuangan Terhadap Keputusan Investasi Mahasiswa (Studi Kasus Mahasiswa Fakultas Ekonomi Universitas Negeri Yogyakarta). Jurnal Pendidikan Akuntansi Indonesia, 8(5), 55.
Boo, Y. L., Ee, M. S., Li, B., & Rashid, M. (2017). Islamic or conventional mutual funds: Who has the upper hand? Evidence from Malaysia. Pacific Basin Finance Journal, 42, 183–192. https://doi.org/10.1016/j.pacfin.2016.01.004
Cheung, W. M., Chung, R., & Fung, S. (2015). The effects of stock liquidity on firm value and corporate governance: Endogeneity and the REIT experiment. Journal of Corporate Finance, 35, 211–231. https://doi.org/10.1016/j.jcorpfin.2015.09.001
Dasriyan, S. (2018). “Pengaruh Manfaat, Modal, Motivasi Dan Edukasi Terhadap Minat Dalam Berinvestasi Di Pasar Modal.” Jurnal Manajemen Dan Akuntansi, 2(2), 178–190. www.jurnal.uniyap.ac.id/index.php.future
Hafis, M. H., & Kitri, M. L. (2019). The Effect of Religiosity and Sharia Financial Literacy Towards the Usage of Sharia Investments.
Hastya Winantyo, A. G. (2017). Pengaruh Modal Minimal Investasi, Pengetahuan Investasi Dan Preferensi Risiko Terhadap Minat Berinvestasi Mahasiswa. 8.5.2017.
Hudha, M. W. A. Z. (2021). Pengaruh Literasi Keuangan Syariah dan Motivasi Terhadap Keputusan Investasi Saham Syariah (Studi Kasus Mahasiswa Islam Kota Malang). Jurnal Ilmiah Mahasiswa FEB Universitas Brawijaya, Vol 9. https://jimfeb.ub.ac.id/index.php/jimfeb/article/view/7503/6473
IMF. (2020). The world economic outlook. In Human resources, employment and development. Vol. 1. Proc. 6th world congress IEA, Mexico City, 1980. https://doi.org/10.1007/978-1-349-06270-6_6
Jaballah, J., Peillex, J., & Weill, L. (2018). Is Being Sharia compliant worth it? Economic Modelling, 72(April 2017), 353–362. https://doi.org/10.1016/j.econmod.2018.02.011
KR, K. R., & Fu, M. (2014). Does Shariah Compliant Stocks Perform Better than the Conventional Stocks? A Comparative Study Stocks Listed on the Australian Stock Exchange. Asian Journal of Finance & Accounting, 6(2), 155. https://doi.org/10.5296/ajfa.v6i2.6072
Mahyarni, M. (2013). Theory of Reasoned Action dan Theory of Planned Behavior (Sebuah Kajian Historis tentang Perilaku). Jurnal EL-RIYASAH, 4(1), 13. https://doi.org/10.24014/jel.v4i1.17
Mazur, M., Dang, M., & Vega, M. (2021). COVID-19 and the march 2020 stock market crash. Evidence from S&P1500. Finance Research Letters, 38(March 2020), 1–16. https://doi.org/10.1016/j.frl.2020.101690
Monica, T. (2020). Pengaruh Motivasi, Modal Minimal, Pengetahuan Investasi, Return dan Risiko terhadap Minat Investasi Mahasiswa. Universitas Sanata Dharma Yogyakarta. https://repository.usd.ac.id/36824/
Nisa, A. (2017). Pengaruh Pemahaman Investasi, Modal Minimal Investasi dan Motivasi Terhadap Minat Mahasiswa Berinvestasi di Pasar Modal (Studi pada Mahasiswa Sekolah Tinggi Kesuma Negara). Jurnal Penelitian Teori & Terapan Akuntansi (PETA), 2(2), 22–35. https://doi.org/10.51289/peta.v2i2.309
OECD. (2020). PISA 2018 Results (Volume IV). OECD. https://doi.org/10.1787/48ebd1ba-en
Pajar, R. C., & Pustikaningsih, A. (2017). Pengaruh Motivasi Investasi Dan Pengetahuan Investasi Terhadap Minat Investasi Di Pasar Modal Pada Mahasiswa Fe Uny. Profita, 1(2), 1–16.
Panggalih, R. G., & Zaki Baridwan. (2013). Minat Individu Terhadap Penggunaan Internet Banking : Pendekatan Modified Theory of Planned Behavior. Minor Thesis.
Pradikasari, E., & Yuyun, I. (2018). Pengaruh Financial Literacy, Illusion of Control, Overconfidence, Risk Tolerance, dan Risk Perception Terhadap Keputusan Investasi pada Mahasiswa di Kota Surabaya.
Pratama, A., & Lastiati, A. (2020). The Influence Of Knowledge, Learning Motivation And Capital Market Socialization On Investment Accounting. Jurnal SIKAP, 5(1), 104–121.
Purboyo, Zulfikar, R., & Wicaksono, T. (2019). Pengaruh Aktifitas Galeri Investasi, Modal Minimal Investasi, Persepsi Resiko dan Persepsi Return Terhadap Minat Investasi Saham Syariah (Studi pada Mahasiswa Uniska MAB Banjarmasin). Jurnal Wawasan Manajemen, 7. https://doi.org/https://doi.org/10.20527/jwm.v7i2.63
Puspitasari, V. E., Yetty, F., & Nugraheni, S. (2021). Pengaruh Literasi Keuangan Syariah, Persepsi Imbal Hasil, dan Motivasi terhadap Minat Investasi di Pasar Modal Syariah. 2(2), 122–141.
Raditya, D., Budiarta, I. K., & Suardikha, I. M. S. (2014). Pengaruh Modal Investasi Minimal di BNI Sekuritas, Return dan Persepsi terhadap Risiko pada Minat Investasi Mahasiswa dengan Penghasilan Sebagai Variabel Moderasi (Studi Kasus pada Mahasiswa Magister di Fakultas Ekonomi dan Bisnis Universitas Udayana). Ekonomi, 7, 377–390.
Rasuma Putri, N. M. D., & Rahyuda, H. (2017). Pengaruh Tingkat Financial Literacy Dan Faktor Sosiodemografi Terhadap Perilaku Keputusan Investasi Individu. E-Jurnal Ekonomi Dan Bisnis Universitas Udayana, 9, 3407. https://doi.org/10.24843/eeb.2017.v06.i09.p09
Rini, S., Farrukhy, A. F., & Hana, K. F. (2020). Komparasi Risk dan Return Saham dan Saham Syariah. Jurnal Manajemen Bisnis Syariah, 02(8), 791–792. https://doi.org/10.2331/suisan.35.791
Rizkiyah, P. T. (2021). Pengaruh Modal Minimal, Persepsi Manfaat, dan Pengetahuan Investasi Terhadap Minat Berinvestasi Saham Syariah (Studi Kasus Mahasiswa FEB IAIN Purwokerto). https://repository.uinsaizu.ac.id/10874/
Safitri, S. D., & Purnamasari, D. I. (2021). The Impact of Financial Literacy , Financial Behavior , and Financial Motivation on Students ’ Investments Decision. International Journal of Current Research, Ksei 2020, 5–8.
Saraswati, K. R. A., & Wirakusuma, M. G. (2018). Pemahaman Atas Investasi Memoderasi Pengaruh Motivasi dan Risiko Investasi Pada Minat Berinvestasi. E-Jurnal Akuntansi, 24, 1584. https://doi.org/10.24843/eja.2018.v24.i02.p28
Setyowati, S., Wulandari, D., & Hana, K. F. (2020). Pengaruh Edukasi Investasi, Persepsi Return dan Persepsi Risiko terhadap Minat Berinvestasi Saham Syariah. FreakonomicS: Journal of Islamic Economics and Finance, 1(1), 43–57. https://doi.org/10.36420/freakonomics.v1i1.25
Sherif, M., & Lusyana, D. (2017). Shariah -Compliant Investments and Stock Returns : Evidence from the Indonesian Stock Market. Journal of Islamic Accounting and Business Research, 8(2), 1–27. https://www.researchgate.net/publication/301547782_Shariah-Compliant_Investments_and_Stock_Returns_Evidence_from_the_Indonesian_Stock_Market
Suprihatin, S. (2015). Upaya Guru Dalam Meningkatkan Motivasi Belajar Siswa. PROMOSI, 03 No 1.
Wi, P., & Anggraeni, D. (2020). Faktor-Faktor Yang Mempengaruhi Minat Karyawan Perusahaan Untuk Berinvestasi Di Pasar Modal Pada Masa. Revenue, 01(01), 81–89.
Xiao, J. J. (2020). Financial Literacy in Asia: A Scoping Review Financial literacy for college students View project Financial capability for working young adults View project Financial Literacy in Asia: A Scoping Review. https://www.researchgate.net/publication/346611442
Yunia, P. S., Khanifiana, R., & Faizah, C. N. (2021). Pengaruh Motivasi, Pengetahuan, dan Preferensi Risiko Investasi Terhadap Minat Investasi Saham Syariah Mahasiswa FEBI IAIN Pekalongan di Pasar Modal Syariah. Finansha- Journal of Sharia Financial Management, 1(2), 55–63. https://doi.org/10.15575/fsfm.v1i2.10866
Published
2023-08-30
How to Cite
ROCHMAN, Naufal Haidar; SUKARTHA, P D’yan Yaniartha.
Hubungan Motivasi, Modal Minimal, Literasi Keuangan, dan Minat Investasi Saham Taat Syariah.
E-Jurnal Akuntansi, [S.l.], v. 33, n. 8, p. 2046-2060, aug. 2023.
ISSN 2302-8556.
Available at: <https://ojs.unud.ac.id/index.php/akuntansi/article/view/95424>. Date accessed: 19 nov. 2024.
doi: https://doi.org/10.24843/EJA.2023.v33.i08.p06.
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