Skip to main content

2023 | OriginalPaper | Buchkapitel

Sharia Investment Decision-Making: Gender Lens Investing, Fear of Missing out, and Islamic Financial Literation

verfasst von : Puspa Devi Maharani, Lathiefa Rusli, Kurnia Rahman Abadi, Siti Syarah Fadhilah

Erschienen in: Islamic Sustainable Finance, Law and Innovation

Verlag: Springer Nature Switzerland

Aktivieren Sie unsere intelligente Suche, um passende Fachinhalte oder Patente zu finden.

search-config
loading …

Abstract

Gender lens investing (GLI) has garnered increasing global attention in recent years. Gender lens investing falls under the gender equality targets contained in Sustainable Development Goals (SDGs) by 2030. Gender fens investing is an investment strategy that integrates gender analysis into investment analysis of sharia investment decision-making (SIDM) and behavior. Fear of missing out (FOMO) is an investment strategy that integrates analysis of investor behavior in decision-making and investment behavior based on trends and joining friends. Meanwhile, Islamic financial literacy (IFL) is an individual’s understanding of fund management, contracts in Islamic finance, and investment. This study aims to determine and measure the effect of GLI, FOMO, and ILF on SIDM. The research data is primary data (questionnaire) with a total sample of 128 respondents who are Islamic capital market investors. The method used is a quantitative method, with the help of the SPSS application in processing data. The results show that there is an influence between FOMO and IFL on sharia SIDM. Meanwhile, GLI has no effect on sharia SIDM.

Sie haben noch keine Lizenz? Dann Informieren Sie sich jetzt über unsere Produkte:

Springer Professional "Wirtschaft+Technik"

Online-Abonnement

Mit Springer Professional "Wirtschaft+Technik" erhalten Sie Zugriff auf:

  • über 102.000 Bücher
  • über 537 Zeitschriften

aus folgenden Fachgebieten:

  • Automobil + Motoren
  • Bauwesen + Immobilien
  • Business IT + Informatik
  • Elektrotechnik + Elektronik
  • Energie + Nachhaltigkeit
  • Finance + Banking
  • Management + Führung
  • Marketing + Vertrieb
  • Maschinenbau + Werkstoffe
  • Versicherung + Risiko

Jetzt Wissensvorsprung sichern!

Springer Professional "Wirtschaft"

Online-Abonnement

Mit Springer Professional "Wirtschaft" erhalten Sie Zugriff auf:

  • über 67.000 Bücher
  • über 340 Zeitschriften

aus folgenden Fachgebieten:

  • Bauwesen + Immobilien
  • Business IT + Informatik
  • Finance + Banking
  • Management + Führung
  • Marketing + Vertrieb
  • Versicherung + Risiko




Jetzt Wissensvorsprung sichern!

Literatur
Zurück zum Zitat Abidin J, Mulyati T, Yunansah H (2018) Literacy learning: strategies to improve mathematics, science, Reading and writing literacy skills. Bumi Aksara, Jakarta Abidin J, Mulyati T, Yunansah H (2018) Literacy learning: strategies to improve mathematics, science, Reading and writing literacy skills. Bumi Aksara, Jakarta
Zurück zum Zitat Adil M, Yogita S, Ansari MS (2022) “How financial literacy moderate the association between behaviour biases and investment decision?” Asian. J Account Res 7(1):17–30 Adil M, Yogita S, Ansari MS (2022) “How financial literacy moderate the association between behaviour biases and investment decision?” Asian. J Account Res 7(1):17–30
Zurück zum Zitat Borges NM, Janissek-Muniz R (2018) Individual environmental scanning as a barrier to collective processes in organizations a view based on the illusion of control. Emeraldinsight 25(3):321–335 Borges NM, Janissek-Muniz R (2018) Individual environmental scanning as a barrier to collective processes in organizations a view based on the illusion of control. Emeraldinsight 25(3):321–335
Zurück zum Zitat Chavali K, Mohanraj MP (2016) Impact of demographic variables and risk tolerance on investment decisions: an empirical analysis. Int J Econ Financ Issues 6(1):169–117 Chavali K, Mohanraj MP (2016) Impact of demographic variables and risk tolerance on investment decisions: an empirical analysis. Int J Econ Financ Issues 6(1):169–117
Zurück zum Zitat Dewi VI, Febrian E, Effendi N, Anwar M (2020) Financial literacy among the millennial generation: relationships between knowledge, skills, attitude and behavior. Australas Account Bus Financ J 14(4):24–37CrossRef Dewi VI, Febrian E, Effendi N, Anwar M (2020) Financial literacy among the millennial generation: relationships between knowledge, skills, attitude and behavior. Australas Account Bus Financ J 14(4):24–37CrossRef
Zurück zum Zitat Handoyo S, Dwi R, Widarno B (2019) The effect of overconfidence, illusion of control, anchoring, loss aversion on investment decision making by Unisri students as novice investors. J Account Inf Technol Syst 15(4):11–21 Handoyo S, Dwi R, Widarno B (2019) The effect of overconfidence, illusion of control, anchoring, loss aversion on investment decision making by Unisri students as novice investors. J Account Inf Technol Syst 15(4):11–21
Zurück zum Zitat Hidajat T, dan Hamdani M (2016) Measuring Islamic financial literacy. In: The 2nd International Research Conference on Business and Economics (IRCBE). Diponegoro University (UNDIP), 3–4 August 2016, Semarang, Indonesia, vol 8, pp 1–4 Hidajat T, dan Hamdani M (2016) Measuring Islamic financial literacy. In: The 2nd International Research Conference on Business and Economics (IRCBE). Diponegoro University (UNDIP), 3–4 August 2016, Semarang, Indonesia, vol 8, pp 1–4
Zurück zum Zitat Hidayah N (2018) Gender, financial knowledge, and stock farming intentions. Sci J Asian Bus Econ 12(2):7–15 Hidayah N (2018) Gender, financial knowledge, and stock farming intentions. Sci J Asian Bus Econ 12(2):7–15
Zurück zum Zitat Kahneman D, Tversky A (1979) Prospect theory: an analysis of decision under risk. J Econom Soc 47(2):263–292 Kahneman D, Tversky A (1979) Prospect theory: an analysis of decision under risk. J Econom Soc 47(2):263–292
Zurück zum Zitat Nuradibah M, Thinagaran MD, Sabri MF, Ho CSF (2018) A preliminary evaluation of financial literacy in Malaysia. J Wealth & Financial Planning 5:4–16 Nuradibah M, Thinagaran MD, Sabri MF, Ho CSF (2018) A preliminary evaluation of financial literacy in Malaysia. J Wealth & Financial Planning 5:4–16
Zurück zum Zitat Pompian MM (2006) Behavioral finance and wealth management: how to build optimal portfolios that account for investor biases. Canada: John Wiley & Sons, Inc., Hoboken, New Jersey Pompian MM (2006) Behavioral finance and wealth management: how to build optimal portfolios that account for investor biases. Canada: John Wiley & Sons, Inc., Hoboken, New Jersey
Zurück zum Zitat Pradikasari E, Isbanah Y (2018) Pengaruh Financial Literacy, Illusion of Control, Overconfidence, Risk Tolerance, Dan Risk Perception Terhadap Keputusan Investasi Pada Mahasiswa Di Kota Surabaya. Jurnal Ilmu Manajemen (JIM) 6(4):424–434 Pradikasari E, Isbanah Y (2018) Pengaruh Financial Literacy, Illusion of Control, Overconfidence, Risk Tolerance, Dan Risk Perception Terhadap Keputusan Investasi Pada Mahasiswa Di Kota Surabaya. Jurnal Ilmu Manajemen (JIM) 6(4):424–434
Zurück zum Zitat Prosad JM, Kapoor S, Sengupta J (2015) Theory of behavioral finance. handbook of research on behavioral finance and investment strategies: decision making in the financial industry. A volume in the Advances in Finance, Accounting, and Economics (AFAE) Prosad JM, Kapoor S, Sengupta J (2015) Theory of behavioral finance. handbook of research on behavioral finance and investment strategies: decision making in the financial industry. A volume in the Advances in Finance, Accounting, and Economics (AFAE)
Zurück zum Zitat Putri WW, Hamidi M (2019) Pengaruh Literasi Keuangan, Efikasi Keuangan, dan Faktor Demografi terhadap Pengambilan Keputusan Investasi (Studi Kasus pada Mahasiswa Magister Manajemen Fakultas Ekonomi Universitas Andalas Padang). Jurnal Ilmiah Mahasiswa Ekonomi dan Manajemen 4(1):398–412 Putri WW, Hamidi M (2019) Pengaruh Literasi Keuangan, Efikasi Keuangan, dan Faktor Demografi terhadap Pengambilan Keputusan Investasi (Studi Kasus pada Mahasiswa Magister Manajemen Fakultas Ekonomi Universitas Andalas Padang). Jurnal Ilmiah Mahasiswa Ekonomi dan Manajemen 4(1):398–412
Zurück zum Zitat Rahman F, Arsyianti LD (2021) Islamic financial literacy and influence on student financial investment and behavior. Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah (Journal of Islamic Economics) 13(2):289–312 Rahman F, Arsyianti LD (2021) Islamic financial literacy and influence on student financial investment and behavior. Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah (Journal of Islamic Economics) 13(2):289–312
Zurück zum Zitat Shiva A, Narula S, Shashi SK (2020) What drives retail investors’ investment decisions? Evidence from no Mobile phone phobia (nomophobia) and investor fear of missing out (I – Fomo). J Content Community Commun 11:231–246 Shiva A, Narula S, Shashi SK (2020) What drives retail investors’ investment decisions? Evidence from no Mobile phone phobia (nomophobia) and investor fear of missing out (I – Fomo). J Content Community Commun 11:231–246
Zurück zum Zitat Tanusdjaja H (2018) Keputusan Investasi Investor Individu Berdasarkan Kopetensi, Overconfidence, dan Pendidikan. Jurnal Muara Ilmu Ekonomi dan Bisnis 2(1):234–244CrossRef Tanusdjaja H (2018) Keputusan Investasi Investor Individu Berdasarkan Kopetensi, Overconfidence, dan Pendidikan. Jurnal Muara Ilmu Ekonomi dan Bisnis 2(1):234–244CrossRef
Zurück zum Zitat Suherman U, Nugraha, Disman, Mayasari (2022) The influence of religious psychology on stock investing: examining the influence of Mhasiswa Investor Religiosity on Shama’s Investment Decisions in West Java, Indonesia moderated by gender, age, education, and income dimensions by financial literacy. Italiensich 12(2):620–630 Suherman U, Nugraha, Disman, Mayasari (2022) The influence of religious psychology on stock investing: examining the influence of Mhasiswa Investor Religiosity on Shama’s Investment Decisions in West Java, Indonesia moderated by gender, age, education, and income dimensions by financial literacy. Italiensich 12(2):620–630
Zurück zum Zitat van Rooij M, Lusardi A, Alessie R (2011) Financial literacy and stock market participation. J Financ Econ, Elsevier 101(2):449–472CrossRef van Rooij M, Lusardi A, Alessie R (2011) Financial literacy and stock market participation. J Financ Econ, Elsevier 101(2):449–472CrossRef
Metadaten
Titel
Sharia Investment Decision-Making: Gender Lens Investing, Fear of Missing out, and Islamic Financial Literation
verfasst von
Puspa Devi Maharani
Lathiefa Rusli
Kurnia Rahman Abadi
Siti Syarah Fadhilah
Copyright-Jahr
2023
DOI
https://doi.org/10.1007/978-3-031-27860-0_33