THE MEDIATING ROLE OF SELF-EFFICACY ON FUTURE PERFORMANCE ON THE RELATIONSHIP BETWEEN FINANCIAL LITERACY AND INVESTMENT DECISIONS Girang Permata Gusti (a), Giriati (b), Wendy (b)
(a) Student of the Doctoral Program in Management Science, Faculty of Economics and Business, Tanjungpura University, Indonesia.
(b) Lecturer of the Doctoral Program in Management Science, Faculty of Economics and Business, Tanjungpura University, Indonesia.
Abstract
This study aims to close the gap between financial literacy and investment decisions by proposing a new concept in the form of a mediation variable with the name ^Self-efficacy on future performance^. The research method used is quantitative with a survey model, using a sample of respondents who have had experience investing in Indonesia as many as 571 people, with the analytical tool used is VB-SEM. The results of this study found that self-efficacy mediated variables on future performance had a significant influence, with partial mediation types. This research is expected to contribute to improving the financial behavior of investors in Indonesia to be more careful, more thorough and aware that before deciding to invest with the money they have, investors are required to invest their time first by studying seriously before deciding to invest.
