Understanding Determinants of Individual Intention to Invest in Digital Risky Investment

Willy Abdillah; Rika Permatasari; Ernie Hendrawaty

doi:10.15294/jdm.v10i1.18243

Understanding Determinants of Individual Intention to Invest in Digital Risky Investment

Willy Abdillah⁽¹⁾, Rika Permatasari⁽²⁾, Ernie Hendrawaty⁽³⁾,

DOI: https://doi.org/10.15294/jdm.v10i1.18243

(1) Department of Management, Universitas Bengkulu, Indonesia
(2) Universitas Bengkulu
(3) Universitas Lampung

Abstract

This study examinesÂ the effect of emotional intelligence, the locus of control, and risk aversion on intention to risky investment with financial literacy as moderating effect. This study usesÂ 98 investors distributedÂ byÂ online questionnaire. DataÂ examined usingÂ Partial Least Square (PLS) technique. The results show that the emotional intelligence, the locus of control have a positive effect and risk aversion and financial literacy have a negative effect on intention to a risky investment. However, there is no moderating effect of financial literacy on those direct effects. The implication for stakeholder and further research are discussed.

Keywords

Emotional Intelligence; locus of control; risk aversion; financial literacy; intention to risky investment

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