The  effect of financial literacy, income and years of service on investment decision behavior

I Gede Iwan Suryadi; Putu Adriani Prayustika; Made Ayu Jayanti Prita Utami

doi:10.21744/irjmis.v9n4.2104

Authors

I Gede Iwan Suryadi
gedeiwan@pnb.ac.id
Politeknik Negeri Bali, Indonesia
Putu Adriani Prayustika Politeknik Negeri Bali, Indonesia
Made Ayu Jayanti Prita Utami Politeknik Negeri Bali, Indonesia

Keywords:

employees, financial literacy, income, investment decisions, years service

Abstract

The purpose of this study was to explain the effect of financial literacy, income and years of service on investment decision behavior in employees. Research respondents were employees of PT Bank Pembangunan Daerah Bali Renon Branch with a sample of 76 people. The sampling technique in this study used random sampling. The data were analyzed using the PLS (Partial Least Squares) technique. The results of this study indicate that financial literacy and income have a positive effect on investment decision behavior, but tenure has no positive effect on investment decision behavior. This is because in the banking industry, all employees, both those who have just entered the workforce or those who have worked together for a long time, receive training and obtain information regarding financial developments and current financial conditions. In other words, the understanding of financial literacy and employee behavior is almost the same.

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