DETERMINATION OF FINANCIAL TECHNOLOGY PROFICIENCY, RISK PERCEPTION AND BEHAVIORAL FINANCE: INVESTMENT DECISIONS Sri Lestari Yuli Prastyatini (a*), Enggar Kartika Cahyaning (b*), Helena Xaveriana Putri Laka (c*)
a) Universitas Sarjanawiyata Tamansiswa
Jl. Kusumanegara 157, Yogyakarta Indonesia
*srilestari_yp[at]ustjogja.ac.id
b. Universitas Sarjanawiyata Tamansiswa
Jl. Kusumanegara 157, Yogyakarta Indonesia
*enggar.cahyaning[at]ustjogja.ac.id-
c) Universitas Sarjanawiyata Tamansiswa
Jl. Kusumanegara 157, Yogyakarta Indonesia
*putrilaka188[at]gmail.com
Abstract
An investment decision is a policy taken to allocate funds with the aim of gaining profits in the future. However, among young people who already have high incomes, investing is something they sometimes cannot afford to do. This quantitative study aims to determine the influence of financial technology proficiency, risk perception, and behavioral finance on investment decisions. This research involved 67 entrepreneurs who are members of the Indonesian Young Entrepreneurs Association (HIPMI), who were positioned as research subjects. Research data was collected by distributing questionnaires to respondents and analyzed using descriptive statistics with the help of IBM SPSS version 25. The findings of this research are that financial technology proficiency and behavioral finance have a positive effect on investment decisions. Furthermore, risk perception has a negative effect on investment decisions. Following up on the findings of this research, young entrepreneurs are expected to have a better of risk perception regarding investment. Apart from that, the use of technology and financial behavior must be maintained so that we are able to make the right decisions about investing. Adding behavioral finance variables and making members of the Indonesian Young Entrepreneurs Association (HIPMI) as a population is different from previous research.
