Financial Literacy, Risk Perception, and Herding Effects on Investment Decisions

Dian Primanita Oktasari, Nunu Nurjaya and Subur Karyatun
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Dian Primanita Oktasari: Faculty of Economics and Business, Universitas Mercu Buana, Indonesia
Nunu Nurjaya: Faculty of Economics and Business, Universitas Mercu Buana, Indonesia
Subur Karyatun: Faculty of Economics and Business, Universitas Mercu Buana, Indonesia

International Journal of Research and Scientific Innovation, 2023, vol. 10, issue 06, 22-29

Abstract: This study aims to analyze financial literacy, risk perception, and herding and its impact on investment decisions. The population in this research is an investor in Jakarta. The sample used is 100 respondents. Calculate based on Lameshow’s formula. The method of data collection using the survey method, with the research instrument is a questionnaire. The data analysis method uses descriptive analytics. This study proves that financial literacy has a positive and significant effect on investment decisions, risk perception has a positive and significant effect on investment decisions and herding has not had a significant effect on investment decisions.

Date: 2023
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