The Influence of Financial Behavior and Income on Sharia Investment Decisions of Generation Z in Medan City Through Financial Literacy as An Intervening Variable

Julita Julita

The Influence of Financial Behavior and Income on Sharia Investment Decisions of Generation Z in Medan City Through Financial Literacy as An Intervening Variable

Julita Julita

Abstract

This study aims to determine the effect of Financial Behavior and Income on Sharia Investment Decisions with Financial Literacy as an Intervening variable on Generation Z in Medan City. The study was conducted in Medan City, North Sumatra. The entire population consisting of 100 people was taken as a research sample through sampling techniques. This type of research is quantitative research with data collection techniques using questionnaires. Data analysis was carried out using the Partial Least Squares - Structural Equation Modeling (PLS-SEM) method with the help of SmartPLS version 3 software to perform Path Analysis. The results showed that Financial Behavior did not have a significant effect on Sharia Investment Decisions. But financial behavior has an effect on financial literacy, while Income has a significant effect on Sharia Investment Decisions and Financial Literacy. Furthermore, Financial Literacy acts as a mediating variable in the relationship between Financial Behavior on Sharia Investment Decisions and between Income on Sharia Investment Decisions

Keywords

Financial Behavior; Income; Sharia Investment Decisions; Financial Literacy.

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