Does millennials have an investment interest? theory of planned behaviour perspective

Noni Setyorini; Ika Indriasari

doi:10.14710/dijb.3.1.2020.28-35

DOI: https://doi.org/10.14710/dijb.3.1.2020.28-35

Does millennials have an investment interest? theory of planned behaviour perspective

Noni Setyorini , Ika Indriasari

Universitas PGRI Semarang, Indonesia

Citation Format:

Abstract

This study aims to determine the effect of attitudes, subjective norms, and perceived behavioral control of interest in investing. This research use theory of planned behavior to explain how behavior is formed through attitudes, subjective norms, and perceived behavioral control in taking investment decision. This research uses online survey data collection methods. Sampling uses the convenient sampling method. Data (questionnaire) which can be used as many as 100 data and using multiple regression analysis as the test tool. The results showed that the attitude variable has not a significant effect towards investing interest in the capital market, while subjective and perceived norms behavioral control has influenced investment interest in the capital market. Based on the research findings, it is advisable to use persuasion that emphasizes the involvement of those closest to potential investors. In addition, seminars organized by IDX and the government will greatly help increase investor knowledge, thereby increasing one's investment power control.

Fulltext View|Download

Keywords: attitudes; millennials generation; subjective norm; perceived behavioral control

Article Metrics:

Article Info

Section: Articles

Language : EN

In Vol 3, No 1 (2020)

Recent articles

Front matter Back matter Relationship between emotional labor, work stress, employee creativity, and turnover intention: study on Indonesian bank frontliners Does millennials have an investment interest? theory of planned behaviour perspective Working capital management and profitability: evidence from Indonesian manufacturing companies More recent articles

Abdillah, W. & Hartono,J. (2011). Partial Least Square. Andi Yogyakarta: Yogyakarta
Abd, A. M., Abd, S. M., Ismail, A., & Zain, M. F. M. (2008). Utilization of value engineering to optimize concreting productivity. Journal of Applied Sciences, 8(19), 3479-3484
Aiken LS and Ajzen, I. (1985). From intentions to actions: A theory of planned behavior. In Action control (pp. 11-39). Springer, Berlin, Heidelberg
Ajzen, I. (1988). Attitudes. Personality and Behavior, 134
Ajzen, I. (1991) The theory of planned behavior. Organizational Behavior and Human Decision Processes, 50: 179-211
Ajzen, I. (2002) Perceived behavioral control, self-efficacy, locus of control, and the theory of planned behavior. Journal of Applied Social Psychology,321-20
Ayuningtyas, F., Prihatiningsih, W., & Laura, R. (2018). The Pattern of Online Purchase Behavior by Millennial Family. Malaysian Journal of Social Sciences and Humanities (MJSSH), 3(5), 10-16
Cable DM and DeRue DS (2002) The Convergent And Discriminant Validity Of Subjective Fit Perceptions. Journal of Applied Psychology 87(5): 875–884
Chatman, Jennifer (1989). Improving Interactional Organizational Research: A Model of Person-Organization Fit. Academy of Management Review, 1989, Vol. 14, No. 3, 333-349
Churchill, Gilbert. (2005). Dasar-dasar Riset Pemasaran. Edisi 4. Erlangga.Jakarta
Couper, Donald. R., & Schlinder, Pamela. S.(2011). Business Research Method. New York: McGraw-Hill
Davis, F. D. (1989). Perceived usefulness, perceived ease of use, and user acceptance of information technology. MIS quarterly, 319-340
Ferdinand, Augusty. (2006). Metode Penelitian Manajemen. BP Undip.Semarang
Fishbein, M. leek Ajzen (1975). Belief, attitude, intention and behavior: An introduction to theory and research, 181-202
Ghozali, Imam. (2006). Aplikasi Analisi Multivariate dengan Program SPSS. BP Undip. Semarang
Gudono.(2014). Analisis Data Multivariat.BPFE.Yogyakarta
Hair, J. F., Black, W. C., Babin, B. J., & Anderson, R. E. (2010). Multivariate data analysis (7th ed.). Upper Saddle River, NJ: Prentice Hall
Hackman, J. R., & Oldham, G. R. (1976). Motivation Through The Design Of Work: Test Of A Theory. Organizational Behavior and Human Performance, 16, 250-279
King, M. R., & Nesbitt, R. (2019). The Technological Revolution in Financial Services: Introduction. The Technological Revolution in Financial Services. Toronto: University of Toronto Press, Forthcoming
Kusniawati, K. (2011). Zakat Sebagai Kebijakan Fiskal dalam Ekonomi Islam (Doctoral dissertation, Universitas Islam Negeri Alauddin Makassar)
Kiyosaki, R. T., & Lechter, S. L. (2001). Rich Dad's Guide to Investing: What the Rich Invest In, that the Poor and Middle Class Do Not!. Business Plus
Ham, M., Jeger, M., & Frajman Ivković, A. (2015). The role of subjective norms in forming the intention to purchase green food. Economic research-Ekonomska istraživanja, 28(1), 738-748
Menzel, M. P., & Fornahl, D. (2010). Cluster life cycles—dimensions and rationales of cluster evolution. Industrial and corporate change, 19(1), 205-238
Neuman, W.L. (2006) Social Research Methods: Qualitative and Quantitative Approaches 6 Th Edition, Pearson International Edition, USA
Ramdhani,Neila. (2011). Penyusunan Alat Pengukur Berbasis Theory of Planned Behavior. Buletin Psikologi Vol 19, NO. 2, 2011: 55 –
Runnemark, E., Hedman, J., & Xiao, X. (2015). Do consumers pay more using debit cards than cash?. Electronic Commerce Research and Applications, 14(5), 285-291
Rotter, J. B. (1990). Internal versus external control of reinforcement: A case history of a variable. American psychologist, 45(4), 489
Triwijayati, A., & Koesworo, Y. (2006). Studi sikap dan niat konsumsi jamu pahitan di Surabaya. Jurnal Widya Manajemen & Akuntansi, 6(1)
Tung, L. C. (2011). The impact of entrepreneurship education on entrepreneurial intention of engineering students. City University of Hongkong: Run Run Shaw Library
West SG (1991) Multiple Regression: Testing and Interpreting Interactions. Newbury Park, CA: SAGE

Last update:

No citation recorded.

Last update:

No citation recorded.

Author(s) Rights

In order for Diponegoro International Journal of Business (DIJB) to publish and disseminate research articles, we need publishing rights (transferred from author(s) to publisher). This is determined by a publishing agreement between the author(s) and DIJB. This agreement deals with the transfer or license of the copyright of publishing to DIJB, while authors still retain significant rights to use and share their own published articles. DIJB supports the need for authors to share, disseminate and maximize the impact of their research and these rights, in any databases.

As an author, you have rights to a large range of uses of your article, including use by your employing institute or company. These Author rights can be exercised without the need to obtain specific permission. Authors publishing in DIJB has wide rights to use their works for teaching and scholarly purposes without needing to seek permission, including:

use for classroom teaching by Author or Author's institution and presentation at a meeting or conference and distributing copies to attendees;
use for internal training by the author's company;
distribution to colleagues for their research use;
use in a subsequent compilation of the author's works;
inclusion in a thesis or dissertation;
reuse of portions or extracts from the article in other works (with full acknowledgement of final article);
preparation of derivative works (other than commercial purposes) (with full acknowledgement of final article);
voluntary posting on open web sites operated by author or author’s institution for scholarly purposes,

(but it should follow the open-access license of Creative Common CC-by-SA License).

Authors/readers/third parties can copy and redistribute the material in any medium or format, as well as remix, transform, and build upon the material for any purpose, even commercially, but they must give appropriate credit (the name of the creator and attribution parties (authors detail information), a copyright notice, an open-access license notice, a disclaimer notice, and a link to the material) and provide a link to the license.

Authors/readers/third parties can read, print and download, redistribute or republish the article (e.g. display in a repository), translate the article, download for text and data mining purposes, re-use portions or extracts from the article in other works, sell or re-use for commercial purposes, remix, transform, or build upon the material, they must distribute their contributions under the same license as the original Creative Commons Attribution-ShareAlike (CC BY-SA).

Copyright Transfer Agreement for Publishing (Publishing Right)

The authors submitting a manuscript do so on the understanding that if accepted for publication, the copyright for publishing (publishing right) of the article shall be assigned/transferred to the Department of Management, Faculty of Economics and Business, Universitas Diponegoro as the publisher of DIJB.

Upon acceptance of an article, authors will be asked to complete a 'Copyright Transfer Agreement for Publishing (CTAP)'. An e-mail will be sent to the Corresponding Author confirming receipt of the manuscript together with a CTAP form by the online version of this agreement.

DIJB, the publisher, and the editorial board make every effort to ensure that no wrong or misleading data, opinions or statements be published in the journal. In any way, the contents of the articles and advertisements published in DIJB are sole and exclusive responsibility of their respective authors and advertisers.

Remember, even though we ask for a transfer of copyright for publishing (CTAP), our journal Author(s) retain (or are granted back) significant scholarly rights as mentioned before.

The Copyright Transfer Agreement for Publishing (CTAP) Form can be downloaded here