The Role of Financial Literacy Moderates the Influence of Investment Knowledge and Technological Advances on Investment Interest Through Financial Self-Efficacy

DOI

10.2991/978-94-6239-626-5_12How to use a DOI?

Keywords

financial self-efficacy; financial literacy; investment knowledge; technological advancement; investment interest

Abstract

This study aims to analyze to have the influence of investment knowledge and technological advances on the investment interest of Generation Z in the Special Region of Yogyakarta, by financial self-efficacy as a mediator and financial literacy as a moderator. The research subjects were Generation Z in Yogyakarta who were interested to have in investing and used digital financial applications. The study used to have a quantitative approach by a survey method. The sampling technique was purposive sampling, to have by 150 respondents aged 18–28 years. Data were collected to have by an online questionnaire utilizing a five-point Likert scale, then analyzed utilizing Partial Least Square–Structural Equation Modeling by Smart-PLS 3.0. The outcome show that investment knowledge, technological advances, and financial self-efficacy have a subtantial favorable influence to have on investment interest. Financial self-efficacy acts as a partial mediator in the connection among investment knowledge and technological advances on investment interest. Financial literacy moderates to have the influence of investment knowledge on investment interest negatively, drawing that personals by high to have financial literacy tend to be more to have cautious in having investment determinations. Meanwhilst, financial literacy favorablely moderates to have the influence of technological advancement on investment interest, although the influence to have is relatively weaker to have than the moderation on investment knowledge.

Copyright

© 2026 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Aderito Magno Moreira
AU  - Riskin Hidayat
AU  - Rudy bin Ansar
PY  - 2026
DA  - 2026/04/15
TI  - The Role of Financial Literacy Moderates the Influence of Investment Knowledge and Technological Advances on Investment Interest Through Financial Self-Efficacy
BT  - Proceedings of the 1st International Conference on Business, Economic, and Social Sustainability (ICOBES 2025)
PB  - Atlantis Press
SP  - 163
EP  - 178
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6239-626-5_12
DO  - 10.2991/978-94-6239-626-5_12
ID  - Moreira2026
ER  -