Financial Literacy, Investment Motivation, Information Technology, And Minimum Capital Affecting Generation Z Investment Interest in Purworejo Regency
DOI:
https://doi.org/10.35870/ijmsit.v6i2.8279Keywords:
Financial literacy, Investment motivation, Information technology, Minimum capital, Investment intention, Generation ZAbstract
The purpose of this study is to ascertain how financial literacy, investment motivation, information technology, and minimum capital affect Generation Z's inclination to invest in Purworejo Regency. Understanding the elements that influence Generation Z's intention to invest has become more important as their involvement in investment activities has grown. Information technology, minimum capital, financial literacy, and investing motivation are all thought to be significant factors that could affect investors' investment choices. This study used a structured questionnaire delivered using Google Forms as part of a quantitative research methodology. Purposive sampling was used to get data from 102 valid responses. Multiple linear regression was used to examine the collected data with the aid of SPSS software. The findings show that Generation Z's intention to invest is positively and significantly impacted by financial literacy, investment motivation, and minimal capital. In the meantime, investment intention is not significantly impacted by information technology. These results suggest that promoting investment intention among Generation Z requires enhancing financial awareness, boosting investment motivation, and expanding access to reasonably priced first investment money. Additionally, policymakers, financial institutions, and educational institutions can use the study's practical implications to develop initiatives that encourage youth investment engagement.
Downloads
References
Ainiyah, N., & Indrarini, R. (2022). Pengaruh Motivasi Investasi dan Kemajuan Teknologi Terhadap Minat Berinvestasi di Reksadana Syariah Pada Generasi Z Kota Surabaya. Jurnal Ekonomika Dan Bisnis Islam, 5(2), 80–94. https://doi.org/10.26740/jekobi.v5n2.p80-94
Aira, A., Fauzana, R., Djamil, N., Universitas, Negeri, I., Syarif, S., & Riau, K. (2024). Analisis Minat Berinvestasi Generasi Z (Net Generation) UIN Suska Riau Pada Pasar Modal Dari Perspektif: Literasi Keuangan, Motivasi Investasi Dan Teknologi Informasi. 8. https://doi.org/10.33395/owner.v8i4.2473
Aisa, N. N. (2021). Do Financial Literacy and Technology Affect Intention to Invest in the Capital Market in the Early Pandemic Period? Journal of Accounting and Investment, 23(1), 49–65. https://doi.org/10.18196/jai.v23i1.12517
Andana, N. H. S. P. (2023). Peran Media Sosial dalam Membentuk Perilaku Investasi Generasi Z: Perspektif Persepsi Risiko di Kota Blitar. urnal Riset Mahasiswa Ekonomi (RITMIK), 5(4), 433–444. Retrieved from https://journal.stieken.ac.id/index.php/ritmik/article/view/767
Asyraf, D. A. (2025). Efektivitas Penggunaan Robo Advisor Pada Aplikasi Bibit Dalam Mengambil Keputusan Berinvestasi Generasi Z (Studi Pada Mahasiswa UIN SAIZU Purwokerto). Purwokerto: UIN Prof. KH. Saifuddin Zuhri Purwokerto.
Aulia, M., & Daulay, A. (2024). The influence of social media, digitalization, and financial literacy on generation Z’s investment decision. SERAMBI: Jurnal Ekonomi Manajemen Dan Bisnis Islam, 7(1), 1–14. https://doi.org/10.36407/serambi.v7i1.1449
BPS Kab. Purworejo. (2025). Kabupaten Purworejo in Figures (Catalogue).
Burhanudin, H., Mandala Putra, S. B., & Hidayati, S. A. (2021). Peran Minat Investasi Dalam Memediasi Pengetahuan Investasi, Motivasi Investasi, Dan Modal Minimal Investasi Terhadap Keputusan Investasi (Studi pada Mahasiswa Fakultas Ekonomi dan Bisnis Universitas Mataram). Distribusi - Journal of Management and Business, 9(1), 15–28.
Davis, F. (1987). The Technology Acceptance Model (TAM).
Gultom, P., Wulandari, A., & Rahmadhina, N. M. (2024). The Effect of Financial Literacy and Investment Motivation on Investment Interest. Jurnal Ilmiah Manajemen Kesatuan, 12(3), 783–796. https://doi.org/10.37641/jimkes.v12i3.2607
Herawati, N. T., & Dewi, N. W. Y. (2019). The Effect of Financial Literacy, Gender, and Students’ Income on Investment Intention: The Case of Accounting Students. 394(Icirad 2019), 133–138. https://doi.org/10.2991/assehr.k.200115.022
KSEI. (2024). Statistik Pasar Modal Indonesia.
Lusardi, A., & Mitchell, O. S. (2013). The economic importance of financial literacy: Theory and evidence. Journal of economic literature, 52(1), 5-44. https://doi.org/10.1257/jel.52.1.5
Luthfi Diah Kurnia Idayanti, & Dianing Widya Kusumastuti. (2025). Pengaruh Literasi Keuangan, Persepsi Risiko dan Pendapatan terhadap Kepuasan Investasi Mahasiswa STIE Surakarta. Jurnal Ekonomi Manajemen Akuntansi, 31(2), 72–88. https://doi.org/10.59725/ema.v31i2.329
Maharani, A., & Saputra, F. (2021). Relationship of Investment Motivation, Investment Knowledge and Minimum Capital to Investment Interest. Journal of Law, Politic and Humanities, 2(1), 23–32. https://doi.org/10.38035/jlph.v2i1.84
Marfuah, M., & Anggini Asmara Dewati. (2021). Determinan Minat Mahasiswa Berinvestasi Pada Pasar Modal. Akurasi: Jurnal Studi Akuntansi Dan Keuangan, 4(1), 45–60. https://doi.org/10.29303/akurasi.v4i1.71
Negara, A. K., & Febrianto, H. G. (2020). Pengaruh Kemajuan Teknologi Informasi dan Pengetahuan Investasi Terhadap Minat Investasi Generasi Milenial di Pasar Modal. Jurnal Business Management Journal, 16 (2), 81–95. http://dx.doi.org/10.30813/bmj.v16i2.2360
Pajar, R. C. (2017). Pengaruh Motivasi Investasi dan Pengetahuan Investasi Terhadap Minat Investasi di Pasar Modal pada Mahasiswa FE UNY (Skripsi).
Park, H. (2021). Financial behavior among young adult consumers: the influence of self- determination and financial psychology. 22(4), 597–613. https://doi.org/10.1108/YC-12-2020-1263
Patma, K., Kambuaya, M. K. P., Soyan Arunglamba, R., & Salle, H. T. (2021). Analysis of Motivation, Knowledge and Investment Education on Investment Interest in Capital Market. Journal of Social Science, 2(4), 394–399. https://doi.org/10.46799/jss.v2i4.173
Sari, V. M., Putri, N. K., Arofah, T., & Suparlinah, I. (2021). Pengaruh Motivasi Investasi, Pengetahuan Dasar Investasi, Modal Minimal, dan Kemajuan Teknologi terhadap Minat Investasi Mahasiswa. Jurnal Doktor Manajemen (JDM), 4(1), 88–107. https://doi.org/10.22441/jdm.v4i1.12117
SLNK OJK. (2025). Indeks Literasi dan Inklusi Keuangan Masyarakat Meningkat.
Yuniningsih, Y., & Santoso, B. (2020). Does Family Environment Moderate The Effect of Financial Literacy, Attitudes and Motivation on Investment Interest. Atestasi: Jurnal Ilmiah Akuntansi, 3(2), 126–132. https://doi.org/10.57178/atestasi.v3i2.261
Downloads
Published
Issue
Section
License
Copyright (c) 2026 Reyna Putri Gustyarni, Intan Puspitasari, Ishak
This work is licensed under a Creative Commons Attribution 4.0 International License.
Authors who publish with this journal agree to the following terms:
1. Copyright Retention and Open Access License
Authors retain copyright of their work and grant the journal non-exclusive right of first publication under the Creative Commons Attribution 4.0 International License (CC BY 4.0).
This license allows unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
2. Rights Granted Under CC BY 4.0
Under this license, readers are free to:
- Share — copy and redistribute the material in any medium or format
- Adapt — remix, transform, and build upon the material for any purpose, including commercial use
- No additional restrictions — the licensor cannot revoke these freedoms as long as license terms are followed
3. Attribution Requirements
All uses must include:
- Proper citation of the original work
- Link to the Creative Commons license
- Indication if changes were made to the original work
- No suggestion that the licensor endorses the user or their use
4. Additional Distribution Rights
Authors may:
- Deposit the published version in institutional repositories
- Share through academic social networks
- Include in books, monographs, or other publications
- Post on personal or institutional websites
Requirement: All additional distributions must maintain the CC BY 4.0 license and proper attribution.
5. Self-Archiving and Pre-Print Sharing
Authors are encouraged to:
- Share pre-prints and post-prints online
- Deposit in subject-specific repositories (e.g., arXiv, bioRxiv)
- Engage in scholarly communication throughout the publication process
6. Open Access Commitment
This journal provides immediate open access to all content, supporting the global exchange of knowledge without financial, legal, or technical barriers.
