Perilaku Investasi Saham Syariah Generasi Milenial Di Era 5.0

Authors

  • Ardiansyah Ardiansyah INSTITUT AGAMA ISLAM NEGERI (IAIN) BONE, Indonesia
  • Aksi Hamzah INSTITUT AGAMA ISLAM NEGERI (IAIN) BONE, Indonesia
  • Otong Karyono INSTITUT AGAMA ISLAM NEGERI (IAIN) BONE, Indonesia

DOI:

https://doi.org/10.30863/al-tsarwah.v7i1.6423

Abstract

ABSTRACT

The aim of this research is to analyze the influence of each variable, namely attitudes, subjective norms, perceived behavioral control, and Islamic financial management behavior on investment behavior, the influence of each variable, namely attitude, subjective norms, and perceived behavioral control on financial management behavior. Islamic, the influence of each variable, namely attitudes, subjective norms, and perceived behavioral control on investment behavior through the mediation of Islamic financial management behavior. This type of research is quantitative research for the methodological aspect and a sharia economic approach for the scientific aspect. Data collection methods use questionnaires and interviews. The population in this study was the millennial generation in South Sulawesi using a sample of 180 respondents. These data were tested using the Structural Equation Modeling (SEM) technique with the help of the SmartPLS Version 4 analysis tool. The research results showed that attitudes, subjective norms and perceived behavioral control each had no effect on investment behavior. Islamic financial management behavior has a positive and significant effect on investment behavior. Attitudes and subjective norms each have a positive and significant effect on Islamic financial management behavior, while perceived behavioral control has no effect. Attitudes and subjective norms each influence investment behavior through the mediation of Islamic financial management behavior, while perceived behavioral control has no effect. This research has the implication that seminars on sharia finance must be carried out more actively and investment galleries and stock communities in each city/district need to be formed so that the opportunity to increase the number of sharia stock investors will be greater.

Keywords: Attitude, Subjective Norms, Behavioral Control, Investment Financial Management.

References

Ajzen, Icek. (1991). The theory of planned behavior. Organizational Behavior and Human Decision Processes, 50(2), 179–211. https://doi.org/10.1016/0749-5978(91)90020-T

Ali, dkk. (2021). ALI, Muhammad Arsalan, et al. Impact of Islamic financial literacy, subjective norms, risk perception and perceived behavioral control on adoption of Islamic banking in Pakistan. Revista Geintec-Gestao Inovacao E Tecnologias, 11(3), 220–233.

Ali, H. (2019). The Effect of Islamic Financial Literacy on Investment Behavior: The Mediating Role of Financial Risk Tolerance. Journal of Islamic Accounting and Business Research, 10(1), 2–22.

Astuti, Y., Abdulahanaa, A., & Sahaka, A. (2023). REORIENTASI DAN STRATEGI PENGUSAHA DALAM MENCAPAI PENINGKATAN KINERJA USAHA MIKRO DAN KECIL (UMK) DI WATAMPONE. Jurnal Ilmiah Al-Tsarwah, 6(2), 58-67.

Azikin, H. D. (2023). Minat Investasi Syariah Generasi Z: TPB, Perilaku Keuangan, dan Religiusitas. Jurnal Ilmiah Ekonomi Islam, 9(1), 15–29. https://doi.org/http://dx.doi.org/10.29040/jiei.v9i1.6996

Aziz, I. (2012). Factors Influencing Intention to Use Islamic Personal Financing. International Journal of Business and Social Science, 3(19), 224–231.

Bungin, B. (2008). Penelitian Kualitatif: Komunikasi, Ekonomi, Kebijakan Publik, dan Ilmu Sosial Lainnya. Jakarta: Prenada Media Group.

Hamzah, A., & Kamiruddin, O. K. (2024). The Role of Sharia Economic Principles in Achieving Competitive Advantage: Perspectives and Applications. Library Progress International, 44(3), 2266-2275.

Hair, F. J., Black C., W., Babin, J. B., & Anderson, E. R. (2014). Multivariate Data Analysis. E-Jurnal Manajemen Unud, 5(2), 88. Retrieved from http://e-journal.president.ac.id/presunivojs/index.php/JAAF/article/download/363/207

Karyono, O., & Kamiruddin, K. (2024). Strategy for Building Sharia-Conscious Competitiveness in Small and Medium Enterprises Based on Local Wisdom. Al-Intaj: Jurnal Ekonomi dan Perbankan Syariah, 10(2), 331-344.

Lytton, G. (1998). Investor Risk Tolerance: Testing the Efficacy of Demographics as Differentiating and Classifying Factors. Financial Counseling and Planning, 9(1), 61–74.

Manongga, D. T. P. A. (2019). Analisis Faktor Demografi dan Norma Subjektif Terhadap Keputusan Investasi Saham. Magisma, 7(2), 9–15.

Mappong, S. (2023). OJK: Jumlah Investor Pasar Modal Meningkat di Sulsel. Retrieved from https://makassar.antaranews.com

Nassir, A. (2011). An Analysis of Personal Financial Literacy among Univercity Employees: The Case of IIUM. International Journal of Business and Social Science, 2(20), 279–287.

Ningtyas, M. N., & Istiqomah, D. F. (2021). Perilaku Investasi sebagai penerapan gaya hidup halal masyarakat Indonesia: tinjauan Theory of Planned Behavior. Jurnal Ekonomi Modernisasi, 17(2), 158–172. https://doi.org/10.21067/jem.v17i2.5642

OJK. (2023). Tingkatkan Literasi dan Inklusi Keuangan di Daerah, OJK Luncurkan Program LAYARKU di Makassar. Retrieved from https://ojk.go.id

Prasetyo, B. (2012). Metode Penelitian Kuantitatif: Teori dan Aplikasi. Jakarta: Raja Grafindo Persada.

Purwoningsih Haris, A., Amir, M. F., & Nikmah, S. (2024, August). The Dual Role of Wives in the Perspective of the Bugis Community of Bone Regency with a Sharia Economic Approach. In International Conference on Actual Islamic Studies (Vol. 3, No. 1).

Rahmadi. (2011). Pengantar Metodologi Penelitian. Banjarmasin: Antasari Press.

Razak, S., Abdullah, I., Raking, J., & Nuzul, A. (2023). Mediating role of socio-religious behavior on consumption pattern changes of middle-class Muslims: An analysis using SEM. Cogent Business & Management, 10(1), 2163798.

Sugiyono. (2009). Statistika Untuk Penelitian. Bandung: CV Alfabeta.

Ustman, U., Subhan, S., & Rohmaniyah, R. (2022). Determinan Dari Niat Investasi Saham Syariah: Perspektif Toleransi Maghrib. Jurnal Akademi Akuntansi, 5(3), 426–435. https://doi.org/10.22219/jaa.v5i3.22838

Wirawan, R., Mildawati, T., & Suryono, B. (2022). Determinan Pengambilan Keputusan Investasi Berdasarkan Norma Subjektif, Kontrol Perilaku, dan Perilaku Heuristik. Ekuitas (Jurnal Ekonomi Dan Keuangan), 6(1), 43–57. https://doi.org/10.24034/j25485024.y2022.v6.i1.5163

Downloads

Published

2024-06-30

How to Cite

Ardiansyah, A., Hamzah, A., & Karyono, O. (2024). Perilaku Investasi Saham Syariah Generasi Milenial Di Era 5.0. Jurnal Ilmiah Al-Tsarwah, 7(1), 23–38. https://doi.org/10.30863/al-tsarwah.v7i1.6423

Issue

Vol. 7 No. 1 (2024)

Section

Articles

Citation Check

License

Authors who publish with Jurnal Ilmiah Al-Tsarwah agree to the following terms:

1. Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution License (CC BY-SA 4.0) that allows others to share the work with an acknowledgment of the work's authorship and initial publication in this journal.

2. Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgment of its initial publication in this journal.

3. Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work.