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October 9, 2025Investment Management and Financial InnovationsOpen Access

Exploring the roles of financial literacy, past behavior, and subjective norms in shaping investment intention: A mediation analysis

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Authors

IIIrfan IrfanUniversitas Islam Kalimantan Muhammad Arsyad Al BanjaryMSMaya SariIndonesia University of EducationJJJufrizen JufrizenUniversitas Muhammadiyah Sumatera Utara

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Implication

Research shows financial literacy and subjective norms influence investment intention in Generation Z, indicating a critical area for targeted training.

Key Points

  • Financial literacy significantly influences investment intention and perceived behavioral control, enhancing opportunities for targeted training.
  • Mediation analysis highlights perceived behavioral control as a crucial mediator between financial literacy and investment intention.
  • Subjective norms and previous experience also play a significant role in shaping investment intentions among Generation Z.
  • Enhancing financial literacy in Generation Z can foster sustainable investment behaviors, supporting economic empowerment.

Cite This Study

Irfan et al. (2025) studied this question.

synapsesocial.com/papers/68e7ba40ccde5f1021f64a4dhttps://doi.org/10.21511/imfi.22(4).2025.03
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