DETERMINANTS OF MILLENNIAL INVESTMENT DECISION-MAKING IN THE SHARIA CAPITAL MARKET: A COMPREHENSIVE REVIEW

DETERMINANTS OF MILLENNIAL INVESTMENT DECISION-MAKING IN THE SHARIA CAPITAL MARKET: A COMPREHENSIVE REVIEW

Blog Article

Introduction: The study aims to examine the impact of financial literacy, overconfidence, regret aversion bias, herding, and risk tolerance on the investment decisions of the Indonesian millennial generation.Methods: The study used a quantitative approach with a Routing Adjustment Tool sample of 120 respondents from the millennial generation who invested in the Islamic capital market.A statistical test was done using SPSS IBM 26.Results: Financial literacy and overconfidence significantly influenced investment decisions.

On the other hand, regret aversion bias, herding, and risk tolerance had no significant impact on investment decisions.Conclusion and suggestion: The study concluded that financial literacy and overconfidence are the major factors that affect the investment decisions of the Indonesian millennial generation.The government (regulator) and related institutions should take a more proactive approach in providing outreach and education about the importance of financial literacy and overconfidence.The millennial generation is interested in Suspension Lift Kit investing in the Sharia capital market.