Young Generation’s Investment Motivation: Insights from a Self-Determination Theory Perspective

Authors

  • Ilham Abu Universitas Mulawarman Author
  • Mahmudatus Sholihah Universitas Negeri Makassar Author
  • Wahyudin Universitas Negeri Makassar Author

DOI:

https://doi.org/10.61220/famj.v2i1.2242

Keywords:

Young Generation’s, Investment Motivation, Self-Determination Theory

Abstract

This study aims to understand investment motivation among students in Makassar using the Self-Determination Theory (SDT) framework. Data were collected from students through an online questionnaire and analyzed using SPSS software. The findings indicate that students' investment motivation is influenced by several key factors, including autonomous motivation, competence, social relatedness, intrinsic motivation, and commitment. The results highlight that students have a strong desire to independently manage their investment activities, feel confident in their ability to understand and engage in investment, and benefit from the support of peers, family, and community. Intrinsic motivation plays a significant role, reflecting personal satisfaction and interest in investment, while high levels of commitment suggest a strong dedication to maintaining their investment activities. Overall, the study reveals that students in Makassar exhibit a high level of investment motivation, driven by the need for autonomy, competence, and social connections. The research underscores the importance of financial literacy and social support in shaping students' investment motivation. Educational institutions and financial organizations are encouraged to collaborate in enhancing financial literacy and providing educational programs that support students' investment motivation.

References

Arianti, B. F. (2018). the Influence of Financial Literacy, Financial Behavior and Income on Investment Decision. EAJ (Economic and Accounting Journal), 1(1), 1–10. https://doi.org/10.32493/eaj.v1i1.y2018.p1-10

Ayudiastuti, L. (2021). Analisis Pengaruh Keputusan Investasi Mahasiswa. Jurnal Ilmu Manajemen, 9(3), 1138–1149. https://doi.org/10.26740/jim.v9n3.p1138-1149

Chasanah, A. N., Wardani, M. F., & Safeta, M. H. (2022). Pengaruh Literasi Keuangan, Motivasi, dan Percaya Diri terhadap Keputusan Investasi bagi Mahasiswa. Eksos, 18(2), 121–130. https://doi.org/10.31573/eksos.v18i2.493

Dunn, J. C., & Zimmer, C. (2020). Self-determination theory. Routledge Handbook of Adapted Physical Education, 55(1), 296–312. https://doi.org/10.4324/9780429052675-23

Gustika, G. S., & Yaspita, H. (2021). Pengaruh Literasi Keuangan Terhadap Keputusan Investasi Mahasiswa STIE Indragiri Rengat. J-MAS (Jurnal Manajemen dan Sains), 6(1), 261. https://doi.org/10.33087/jmas.v6i1.252

Kaiser, T., & Menkhoff, L. (2017). Does financial education impact financial literacy and financial behavior, and if so, when? World Bank Economic Review, 31(3), 611–630. https://doi.org/10.1093/wber/lhx018

Khurram, M., Niazi, S., & Malik, Q. A. (2019). Financial Attitude and Investment Decision Making-Moderating Role of Financial Literacy. NUML International Journal of Business & Management ISSN, 14(1), 2410–5392.

Legault, L. (2016). Encyclopedia of Personality and Individual Differences. Encyclopedia of Personality and Individual Differences, October. https://doi.org/10.1007/978-3-319-28099-8

Lioera, G., Susanto, Y. K., & Supriatna, D. (2022). Faktor-Faktor Yang Mempengaruhi Pada Minat Investasi Mahasiswa. Media Bisnis, 14(2), 1–30.

Obeng-Manu, F. (2022). Effect of Financial Literacy on Investment Decision Among Economics Students. Journal of Finance & Economics Research, 7(1), 16–30. https://doi.org/10.20547/jfer2207102

Priandini, S. S., Akuntansi, J., & Jakarta, P. N. (2023). Terhadap Keputusan Investasi Di Pasar Modal.

Putri, R. E., Goso, G., Hamid, R. S., & Ukkas, I. (2022). Pengaruh Literasi Keuangan, Financial Technology dan Inklusi Keuangan terhadap Kinerja Keuangan Pengusaha Muda. Owner, 6(2), 1664–1676. https://doi.org/10.33395/owner.v6i2.790

Shan, Y., Liu, J., Liu, Z., Shao, S., & Guan, D. (2019). Data descriptor: An emissions-socioeconomic inventory of Chinese cities. Scientific Data, 6, 1–11. https://doi.org/10.1038/sdata.2019.27

Siregar, D. K., & Anggraeni, D. R. (2022). Pengaruh Literasi Keuangan Dan Perilaku Keuangan Terhadap Keputusan Investasi Mahasiswa. Bussman Journal : Indonesian Journal of Business and Management, 2(1), 96–112. https://doi.org/10.53363/buss.v2i1.39

Sufyati HS, & Alvi Lestari. (2022). Pengaruh Literasi Keuangan, Inklusi Keuangan dan Gaya Hidup Terhadap Perilaku Keuangan Pada Generasi Milenial. Jurnal Multidisiplin Madani, 2(5), 2415–2430. https://doi.org/10.55927/mudima.v2i5.396

Sulistiyani, E., Wahyuni, S., Setyadi, D., Karnowahadi, & Rustono. (2024). Determinant of Gold Investment Decision in Z Generation: A Study of Planned Behavior and Social Learning Theory. Management and Accounting Review, 23(1), 497–519.

Downloads

Published

2024-06-30

Similar Articles

1-10 of 11

You may also start an advanced similarity search for this article.