Investasi Bijak: Bagaimana Pengetahuan Keuangan dan Literasi Keuangan Mempengaruhi Keputusan Investasi Guru Di Kota Palangka Raya Dengan Minat Investasi Sebagai Mediasi
DOI:
https://doi.org/10.35870/jemsi.v12i3.6278Keywords:
Investment Knowledge, Financial Literacy, Investment Interest and Investment DecisionsAbstract
The development of financial technology and increasing public access to investment instruments, encourage the participation of various professional groups to invest in the capital market. Teachers who are classified as employees and professionals have a lower level of financial literacy compared to other professions, so the population of this study is active ASN status teachers at SMAN Palangka Raya City = 538 people, with a random sample obtained 100 teachers. Analysis with Smart PLS version 4.0. Using four latent variables; two endogenous variables (investment knowledge and financial literacy); one moderating variable (investment interest) and one exogenous variable (investment decision). The four variables were analyzed for their direct and indirect influence between endogenous, moderating, and exogenous variables. The output results of R²: 1) investment interest = 0.182 (weak), 2). Investment decision = 0.218 (weak) and the results of the study show: (1) investment interest is influenced by investment knowledge variables and financial literacy with a positive relationship; 2) financial literacy is able to influence teacher investment decisions with a unidirectional relationship, but investment knowledge and investment interest cannot influence investment decisions; 3) investment interest is not able to act as a link between investment knowledge and financial literacy towards investment decisions of SMAN teachers in Palangka Raya City in the capital market.
Downloads
References
Adiningtyas, S., & Hakim, L. (2022). Pengaruh pengetahuan investasi, motivasi, dan uang saku terhadap minat mahasiswa berinvestasi di pasar modal syariah dengan risiko investasi sebagai variabel intervening. Jurnal Ilmiah Ekonomi Islam, 8(1), 474–482.
Agnestina, R. (2024). Peran literasi keuangan dan pendapatan terhadap keputusan investasi Gen Z. Jurnal Ilmiah, 2(2), 79–87.
Ajzen, I. (1991). The theory of planned behavior. Organizational Behavior and Human Decision Processes, 50(2), 179–211. https://doi.org/10.1016/0749-5978(91)90020-T.
Andreansyah, R., & Meirisa, F. (2022). Analisis literasi keuangan, pendapatan, dan perilaku keuangan terhadap keputusan investasi. Publikasi Riset Mahasiswa Manajemen, 4(1), 17–22. https://doi.org/10.35957/prmm.v4i1.3302.
Antaranews.com. (2024). OJK menyelenggarakan 5.443 kegiatan edukasi keuangan di Indonesia. https://kalteng.antaranews.com/berita/699837.
Aren, S., & Zengin, A. N. (2016). Influence of financial literacy and risk perception on investment choice. Procedia - Social and Behavioral Sciences, 235, 656–663. https://doi.org/10.1016/j.sbspro.2016.11.047.
Ariwangsa, I. O., Putra, K. W. S., & Laksmi, K. W. (2024). The impact of financial literacy on investment decisions: The moderating role of financial technology. Journal of Behavioral Finance, 15(2), 101–115.
Asrifah, Y. N., & Rapini, T. (2022). Pengaruh pengetahuan investasi, kemampuan finansial, dan lingkungan keluarga terhadap minat investasi mahasiswa. Ecodemica, 6(2), 1–9.
Ayumi, R. N. (2024). Pengaruh literasi keuangan dan pengetahuan investasi melalui minat investasi sebagai variabel intervening terhadap keputusan investasi mahasiswa. Jurnal Manajemen, Hukum dan Sosial, 2(1), 41–48. https://doi.org/10.30596/jmhs.v2i1.45.
Badan Pusat Statistik Kota Palangka Raya. (2024). Kota Palangka Raya dalam angka 2024.
Balanganews. (2025). KSEI Palangka Raya catat investor tertinggi di Kalteng.
Bodie, Z., Kane, A., & Marcus, A. J. (2014). Investments (10th ed.). McGraw-Hill Education.
Brigham, E. F., & Houston, J. F. (2019). Fundamentals of financial management (15th ed.). Cengage Learning.
Faidah, F., Rini, G. P., & Asri, V. I. (2020). Analisis keputusan investasi pelaku UMKM di Kudus. Ekobis, 21(1), 1–11.
Fatimah, R. D., Wahyu, I., & Pramitasari, T. D. (2022). Pengaruh efikasi keuangan terhadap keputusan investasi dengan minat investasi sebagai variabel intervening. Jurnal Mahasiswa Entrepreneur (JME), 1(8), 1737–1752. https://doi.org/10.36841/jme.v1i8.2219.
Ferdiawan, I. K. Y., Gama, A. W. S., & Astiti, N. P. Y. (2022). Pengaruh literasi keuangan dan sikap keuangan terhadap keputusan investasi mahasiswa. Jurnal EMAS, 4(4), 1–14.
Ferennita, C., Hasan, H., & Astuti, E. B. (2022). Pengaruh literasi keuangan dan overconfidence terhadap keputusan investasi saham. Journal of Accounting and Finance, 1(1). https://doi.org/10.31942/jafin.v1i1.7009.
Fitriasuri, F., & Simanjuntak, R. M. A. (2022). Pengaruh pengetahuan investasi terhadap keputusan investasi di pasar modal. Owner, 6(4), 3333–3343. https://doi.org/10.33395/owner.v6i4.1186.
Ghozali, I., & Latan, H. (2023). Partial least squares: Konsep, metode, dan aplikasi menggunakan SmartPLS 4. Universitas Diponegoro.
Gitman, L. J., & Zutter, C. J. (2015). Principles of managerial finance (14th ed.). Pearson.
Gunawan, W., Kristiastuti, F., & Sari, U. K. (2022). Pengaruh literasi keuangan terhadap minat investasi mahasiswa. Jurnal Bisnis, Manajemen & Ekonomi, 19(2), 494–512. https://doi.org/10.33197/jbme.vol19.iss2.2021.823.
Hair, J. F., et al. (2021). A primer on partial least squares structural equation modeling (PLS-SEM). SAGE Publications.
Hannan, Z. (2023). Pengaruh literasi keuangan terhadap minat investasi pasar modal (Tesis magister). Universitas Islam Negeri Maulana Malik Ibrahim.
Hasanudin, Nurwulandari, A., & Safitri, R. K. (2021). Pengaruh pengetahuan investasi terhadap keputusan investasi yang dimediasi oleh minat investasi. JIMEA, 5(3), 494–512.
Himmah, A., Imtikhanah, S., & Hidayah, R. (2020). Peran minat investasi dalam memediasi pengetahuan investasi terhadap keputusan investasi. Neraca, 16(2), 111–128. https://doi.org/10.48144/neraca.v16i2.502.
Jonathan, N., & Setyawan, I. R. (2022). Pengaruh financial literacy terhadap minat berinvestasi mahasiswa. Jurnal Manajemen, 4(4), 891–898. https://doi.org/10.24912/jmk.v4i4.20537.
Kahneman, D., & Tversky, A. (1979). Prospect theory: An analysis of decision under risk. Econometrica, 47(2), 263–291.
Kanna, S., Siregar, A., & Siregar, Q. R. (2024). Pengaruh pengetahuan investasi terhadap keputusan investasi dengan minat sebagai variabel intervening. Balance, 3(2), 1–10.
Kustodian Sentral Efek Indonesia. (2024). Data statistik KSEI.
Lusardi, A., & Mitchell, O. S. (2014). The economic importance of financial literacy. Journal of Economic Literature, 52(1), 5–44. https://doi.org/10.1257/jel.52.1.5.
Panjaitan, & Listiadi. (2021). Literasi keuangan terhadap keputusan investasi. Jurnal Ilmiah Akuntansi dan Humanika, 11(1), 142–155.
Putri, N. A. K., & Zulfatillah, A. (2025). Peran literasi keuangan terhadap keputusan investasi. Journal of Management, Accounting and Administration, 2(2), 79–87. https://doi.org/10.52620/jomaa.v2i2.197.
Yovieta, V., & Sari, L. P. (2022). Pengaruh pengetahuan investasi terhadap keputusan investasi dengan minat sebagai variabel intervening. Prosiding Nasional, 271–280.
Yusuf, H. F. (2025). Financial literacy and its impact on investment decisions. Journal of Economic Studies, 12(1), 23–37.
Downloads
Published
Issue
Section
License
Copyright (c) 2026 Solikah Nurwati, Ani Mahrita, Noorjaya Nahan, Achmad Syamsudin, Peridawaty Peridawaty
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.
