Peran Kualitas Informasi Terhadap Keputusan Investasi Syariah Generasi Z Dengan Dimoderasi Media Informasi Era Covid-19

Yuli Dahlia Saputri, Erike Anggraeni, Madnasir Madnasir

Abstract

The Covid-19 pandemic has proven to have a significant impact on Islamic investment instruments in the Islamic capital market. However, Islamic investment in the Islamic capital market was able to record positive things even in the midst of the Covid-19 pandemic. Not only that, with the largest Muslim population in the world and supported by the bright prospects for the Indonesian Islamic capital market in the next few years, the Islamic capital market will attract more investors. Sharia investment is a very important issue, especially for Generation Z. in Lampung Province. This research was conducted with the aim of looking at the important role of information quality in sharia investment decisions as well as being moderated by the information media, whether the information media is able to strengthen or weaken the relationship to sharia investment decisions in Generation Z in the Covid-19 era. This research includes quantitative research with a moderation approach. The research was conducted in Lampung Province during the Covid-19 era. The data used is primary data obtained from Generation Z Muslim investors in Lampung Province using a questionnaire sent via the Google form application. The sampling technique used was purposive sampling. Data analysis using SmartPLS 3.0. The results of the study show that the quality of information has an influence on sharia investment decision-making in Generation Z in the Covid-19 era. Investment information media strengthens the influence of information quality on sharia decision-making in Generation Z in the Covid-19 era.

Full Text:

PDF

References

Aamir Sohail, Abid Husssain, Q. A. Q. (2020). An Exploratory Study to Check the Impact of COVID-19 on Investment Decision of Individual Investors in Emerging Stock Market. Electronic Research Journal of Social Sciences and Humanities, 2(4).

Affifatusholihah, L., & Putri, S. I. (2021). Analisis Variabel yang Mempengaruhi Minat Investasi Berbasis Aplikasi. Jurnal Bisnis Dan Manajemen, 8(2), 311–320. https://doi.org/10.26905/jbm.v8i2.6188

Ali, S., Atoom, A., & Alafi, K. K. (2021). The Effect of Social Media on Making Investment Decisions for Investors in Amman Financial Market. International Journal of Innovation, Creativity and Change. Www.Ijicc.Net, 15(6), 934–960. www.ijicc.net

Awn, A. M., & Azam, S. M. F. (2020). Libyan investors’ intention to invest in Islamic sukuk : Theory of planned behaviour Approach. European Journal of Economic and Financial Research, 4(1), 71–90. https://doi.org/10.5281/zenodo.3774672

Edi Pranyoto, Nolita Yeni Siregar, D. (2018). Keputusan Investasi Masyarakat Di Pasar Modal. Jurnal Bisnis Darmajaya, 04(01), 45–67.

Fariska, P., Nugraha, N., Putera, I., & Rohandi, M. M. A. (2021). Microblogging Sentiment Investor, Return and Volatility in the COVID-19 Era: Indonesian Stock Exchange. Journal of Asian Finance, 8(3), 61–0067. https://doi.org/10.13106/jafeb.2021.vol8.no3.0061

Fikry Ramadhan Suhendar. (2020). Konsep Pasar Modal Syariah Beserta Perkembanganya Di Indonesia. Angewandte Chemie International Edition, 6(11), 951–952., 1(4), 5–24.

Firdhausa, F., & Apriani, R. (2021). Pengaruh Platform Media Sosial Terhadap Minat Generasi Milenial Dalam Berinvestasi di Pasar Modal. Supremasi Hukum, 17, 96–103.

Genoveva, Sukarno, F. N. L., Fajrin, M. A., & Dong, Z. (2022). Young Investment 2021 : Webinar dan Training Untuk generation Z. JURNAL KREATIVITAS PENGABDIAN KEPADA MASYARAKAT (PKM), 5.

Ghazali, I. (2019). SEM Metode Alternatif dengan menggunakan Partial Least Squares (PLS), dilengkapi Smartpls 3.0, Xlstat 2104, Warppls 4.0. Badan Penerbit Universitas Diponegoro Semarang.

Hartati, N. (2021). Investasi Saham Syariah di Bursa Efek Indonesia dalam Perspektif Hukum Ekonomi Syariah. J-HES: Jurnal Hukum Ekonomi Syariah, Vol.05(No.01), 33–48.

Hengki Latan, I. G. (2019). Partial Least Squares Konsep, Teknik, dan Aplikasi SmartPLS 3.0 M3 Untuk Penelitian Empiris. Semarang : Badan Penerbit Universitas Diponegoro (UNDIP).

Hindrayani, K. M., Fahrudin, T. M., Prismahardi Aji, R., & Safitri, E. M. (2020). Indonesian Stock Price Prediction including Covid19 Era Using Decision Tree Regression. 2020 3rd International Seminar on Research of Information Technology and Intelligent Systems, ISRITI 2020, March 2020, 344–347. https://doi.org/10.1109/ISRITI51436.2020.9315484

Hussein, A., Ali, M., & Al-, D. A. A. (2020). Measuring the Reliability of Accounting Information and its role in Rationalising Investment Decisions and Improving the Value of a Company. International Journal of Innovation, Creativity and Chang, 14(4), 324–341.

Imelda, I., Sitinjak, E. L. M., & Trimeiningrum, E. (2019). Pengaruh Strategi dan Preferensi Investor terhadap Pengambilan Keputusan Investasi dengan Media Informasi sebagai Variabel Moderating. Jurnal Pasar Modal Dan Bisnis, 1(2), 157–172. https://doi.org/10.37194/jpmb.v1i2.28

Irfan, M., Kassim, S., & Dhimmar, S. (2021). Impact of Covid-19 on Islamic Stock Markets: An Investigation using Threshold Volatility and Event Study Models. International Journal of Islamic Economics and Finance (IJIEF), 4(1), 121–148. https://doi.org/10.18196/ijief.v4i1.10480

Kamaluddin, S. H. (2021). THE QURANIC PERSPECTIVES ON WEALTH INVESTMENT IN REALIZING MAQASHID SHARI ’ AH. Al-Afkar, Journal for Islamic Studies, 4(2), 286–298.

Kartawinata, B. R., & Wijayangka, C. (2021). Pengaruh Personal Interest Dan Self Control Terhadap Minat Investasi Pada Mahasiswa Generasi Z Di Bandung. Jurnal Dinamika Ekonomi Pembangunan, 4(1), 426–432. https://doi.org/10.33005/jdep.v4i1.203

Khoerulloh, A. K., & Janwari, Y. (2021). Analysis of Investment Decisions in Sharia Cooperatives: Does Sharia Accounting Standards Affect? Economica: Jurnal Ekonomi Islam, 12(1), 119–140. https://doi.org/10.21580/economica.2021.12.1.6442

Luh Lia Maharan, I. K. Y. A. (2021). Pengaruh Kualitas Informasi Akuntansi, Persepsi Kontrol Perilaku dan Pengetahuan Investasi Terhadap Intensi Investor Dalam Pemilihan Saham Di GI-BEI Universitas Triatma Mulya. Journal Research of Accounting (JARAC), 3(1). http://www.tjyybjb.ac.cn/CN/article/downloadArticleFile.do?attachType=PDF&id=9987

Mastura, A., Nuringwahyu, S., & Zunaida, D. (2020). Pengaruh Motivasi Investasi, Pengetahuan Investasi Dan Teknologi Informasi Terhadap Minat Berinvestasi Di Pasar Modal (Studi Pada Mahasiswa Fia Dan Feb Unisma Yang Sudah Menempuh Mata Kuliah Mengenai Investasi). Jiagabi, 9(1), 64–75.

Mirza, N., Abbas Rizvi, S. K., Saba, I., Naqvi, B., & Yarovaya, L. (2022). The resilience of Islamic equity funds during COVID-19: Evidence from risk adjusted performance, investment styles and volatility timing. International Review of Economics and Finance, 77(July 2021), 276–295. https://doi.org/10.1016/j.iref.2021.09.019

Mochammad Rizaldy Insan Baihaqqy, & Sugiyanto. (2020). Investment Decisions Of Investors Based On Generation Groups. Coopetition : Jurnal Ilmiah Manajemen, 11(3), 189–196. https://doi.org/10.32670/coopetition.v11i3.136

Naseem, S., Mohsin, M., Hui, W., Liyan, G., & Penglai, K. (2021). The Investor Psychology and Stock Market Behavior During the Initial Era of COVID-19: A Study of China, Japan, and the United States. Frontiers in Psychology, 12(February), 1–10. https://doi.org/10.3389/fpsyg.2021.626934

Ningsih, D. N. (2021). Analysis Of Investor Behavior In Making Decisions To Invest In The Capital Market During The Covid-19 Pandemic. State Institute Of Islamic (IAIN) Bengkulu.

Nomran, N. M., & Haron, R. (2021). The impact of COVID-19 pandemic on Islamic versus conventional stock markets: international evidence from financial markets. Future Business Journal, 7(1), 1–16. https://doi.org/10.1186/s43093-021-00078-5

Norisnita, M., & Indriati, F. (2022). Application of Theory of Planned Behavior (TPB) in Cryptocurrency Investment Prediction: A Literature Review. Journal of Economics and Business, 5(2). https://doi.org/10.31014/aior.1992.05.02.424

Pratiwi, C., Ikom, S. I. M., Yunarti, S., Si, M., & Arsiyati, D. (2021). Pemanfaatan Media Sebagai Saluran Untuk Memperoleh Informasi Tentang Investasi. Jurnal IKRAITH-HUMANIORA, 5.

Purwanto, E. (2019). Penelitian Kuantitatif. Yogyakarta : Pustaka Pelajar.

Rahmad Solling Hamid, S. M. A. (2019). Structural Equation Modeling (SEM) Berbasis Varian Konsep Dasar dan Aplikasi Program Smart PLS 3.2.8. dalam Riset Bisnis. Inkubator Penulis Indonesia.

Rizwan, M. S., & Ahmad, G. (2021). Islamic Equity Investments and the COVID-19 Pandemic. Social Science Research Network.

Rosdiana, R. (2020). Investment Behavior In Generation Z And Millennial Generation. Dinasti International Journal of Economics, Finance & Accounting (DIJEFA), 1(2), 358–372. https://doi.org/10.38035/DIJEFA

Sahil, I. (2021). Tinjauan Hukum Islam Terhadap Investasi. Al-Tsaman: Jurnal Ekonomi Dan Keuangan Islam.

Santosa, P. I. (2018). Metode Penelitian Kuantitatif, Pengembangan Hipotesis Dan Pengujiannnya Menggunakan SmartPLS.

Saputri, W., & Nurwahidin. (2021). Faktor Yang Mempengaruhi Keputusan Investasi Generasi Milenial Pada Produk Syariah Di Pasar Modal. Jurnal Tabarru’: Islamic Banking and Finance, 4(2), 423–430. https://doi.org/10.25299/jtb.2021.vol4(2).7805

Septian, W., Hasnawati, D. S., & Hendrawaty, D. E. (2022). Impact of Behavioral Factors among Indonesian Individual Investor towards Investment Decisions during Covid-19 Pandemic. IOSR Journal of Economics and Finance, 13(1), 43–52. https://doi.org/10.9790/5933-1301044352

Setiawan, D., & Kurniasih, N. C. (2021). Event Study : Reaksi Pasar Modal Sebelum dan Sesudah Adanya Covid-19 (Studi Pada Perusahaan Non Perbankan Yang Terdaftar Di BEI Sebagai Anggota LQ45). AKURAT Jurnal Ilmiah Akuntansi, 11(April), 55–64.

Shankar, N., Vinod, S., & Kamath, R. (2022). Financial well-being – A Generation Z perspective using a Structural Equation Modeling approach. Investment Management and Financial Innovations, 19(1), 32–50. https://doi.org/10.21511/imfi.19(1).2022.03

Sugiyono. (2017). Metode Penelitian Kuantitatif, Kualitatif Dan Kombinasi (Mixed Method). Bandung : Alfabeta.

Sukamto, & Aisah, S. (2021). Relevansi Konsep Moneter Islam M Umar Chapra dengan Kebikakan Moneter di Indonesia. Malia: Jurnal Ekonomi Islam, 12(2), 165–180. https://doi.org/10.35891/ml.v12i2.2660

Syarfi, S. M., & Asandimitra, N. (2020). Implementasi Theory of Planned Behavior dan Risk Tolerance terhadap Intensi Investasi Peer to Peer Lending. Jurnal Ilmu Manajemen, 8(3), 864. https://doi.org/10.26740/jim.v8n3.p864-877

Viana, E. D. (2021). Literasi Keuangan , Inklusi Keuangan dan Minat Investasi Generasi Z di Jabodetabek Financial Literacy , Financial Inclusion , and Investment Interest Generation Z ’ s in Jabodetabek pertumbuhan ekonomi maupun meningkatkan kesejahteraan masyarakat . Domina. Jurnal Manajemen Dan Organisasi (JMO), 12(3), 252–264.

Windreis, C., Hartono, W. J., & Yanti, Y. (2021). Sosialisasi Pengenalan Investasi Pasar Uang & Modal Dikalangan Generasi Z (Khusus Mahasiswa Dan Umum) Di Pekanbaru. Jurnal Abdimas Indonesia, 1(2), 26–32. https://doi.org/10.53769/jai.v1i2.68

DOI: http://dx.doi.org/10.29040/jiei.v9i2.8953

Refbacks

  • There are currently no refbacks.