Examining the determinants of Islamic stock investment:An empirical study of Indonesian young investors

Anisa and Muamar Nur Kholid
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Anisa: Department of Accounting, Faculty of Business and Economics, Universitas Islam Indonesia
Muamar Nur Kholid: Department of Accounting, Faculty of Business and Economics, Universitas Islam Indonesia

International Journal of Research in Business and Social Science (2147-4478), 2022, vol. 11, issue 2, 207-213

Abstract: The goal of this study is to determine the factors that influence young Indonesian investors' intentions to invest in Islamic stocks. The Theory of Planned Behavior (TPB) paradigm is used in this study, although financial literacy and trust are also included. This is a quantitative survey-based study. 204 people participated in the research by completing all questionnaires. The data were analyzed using the Partial Least Squares – Structural Equation Modeling (PLS-SEM) technique with the assistance of SmartPLS 3.0. According to the findings of the data analysis, the attitude has a significant positive effect on intention in Islamic stock investments. Subjective norms have no significant positive effect on intention in Islamic stock investments. The perceived behavioral control has a significant positive effect on investor intention in Islamic stocks. Financial literacy and trust significantly increase intention in sharia stock investing. Key Words:Young Investor, Islamic Stock, Theory of Planned Behavior, Financial Literacy, Trust

Date: 2022
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