THE EFFECT OF FINANCIAL LITERACY AND MATHEMATICAL KNOWLEDGE ON THE INVESTMENT INTEREST OF JAKARTA HIGH SCHOOL STUDENTS MODERATED BY RISK PERCEPTION
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Abstract
This study examines the influence of financial literacy and mathematical knowledge on investment interest among high school students in Jakarta, moderated by risk perception. The sampling method used was probability random sampling. The study involved 489 high school students from Jakarta. To obtain primary data, questionnaires were distributed online to both public and private high schools in five areas of Jakarta. This study used a quantitative approach, and the data obtained were processed. by using the Smart PLS program with a 5% significance level. Empirical evidence shows that financial literacy, mathematical knowledge, and risk perception partially influence the investment interest of Jakarta high school students. Furthermore, it was found that risk perception does not moderate the relationship between financial literacy and investment interest, nor does it moderate the relationship between mathematical knowledge and investment interest. The results show that as financial literacy, mathematical knowledge, and risk perception increase, the investment interest of Jakarta high school students also increases. Conversely, risk perception does not moderate the influence of financial literacy and mathematical knowledge on investment interest of Jakarta high school students. This study provides important insights for the government and schools that by strengthening financial literacy and mathematical knowledge, students' interest in investing increases.
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This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.
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