The Role of Financial Literacy Moderates the Influence of Investment Knowledge and Technological Advances on Investment Interest Through Financial Self-Efficacy

Aderito Magno Moreira (), Riskin Hidayat and Rudy bin Ansar
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Aderito Magno Moreira: Universitas Sarjanawiyata Tamansiswa
Riskin Hidayat: Universitas Sarjanawiyata Tamansiswa
Rudy bin Ansar: Universiti Malaysia Sabah

A chapter in Proceedings of the 1st International Conference on Business, Economic, and Social Sustainability (ICOBES 2025), 2026, pp 163-178 from Springer

Abstract: Abstract This study aims to analyze to have the influence of investment knowledge and technological advances on the investment interest of Generation Z in the Special Region of Yogyakarta, by financial self-efficacy as a mediator and financial literacy as a moderator. The research subjects were Generation Z in Yogyakarta who were interested to have in investing and used digital financial applications. The study used to have a quantitative approach by a survey method. The sampling technique was purposive sampling, to have by 150 respondents aged 18–28 years. Data were collected to have by an online questionnaire utilizing a five-point Likert scale, then analyzed utilizing Partial Least Square–Structural Equation Modeling by Smart-PLS 3.0. The outcome show that investment knowledge, technological advances, and financial self-efficacy have a subtantial favorable influence to have on investment interest. Financial self-efficacy acts as a partial mediator in the connection among investment knowledge and technological advances on investment interest. Financial literacy moderates to have the influence of investment knowledge on investment interest negatively, drawing that personals by high to have financial literacy tend to be more to have cautious in having investment determinations. Meanwhilst, financial literacy favorablely moderates to have the influence of technological advancement on investment interest, although the influence to have is relatively weaker to have than the moderation on investment knowledge.

Keywords: financial self-efficacy; financial literacy; investment knowledge; technological advancement; investment interest (search for similar items in EconPapers)
Date: 2026
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Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6239-626-5_12

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DOI: 10.2991/978-94-6239-626-5_12

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