Author(s):
1. MEIRYANI:
Bina Nusantara University, Banten, Indonesia
2. DEBBY:
Bina Nusantara University, Banten, Indonesia
3. MONICA:
Bina Nusantara University, Banten, Indonesia
Abstract:
The development of information technology encourages the growth of technology in the financial sector (financial technology). Financial technology is an innovative business model and new technology that has the potential to transform the financial services industry. In this study, the author will discuss cryptocurrency which is the result of the development of financial technology. Although cryptocurrency technology is considered as one of the secure online integrated payment systems in financial transactions, cryptocurrencies are considered to be still not ready to face uncertain economic movements and do not yet have an adequate legal basis. Therefore, this study aims to find out what factors influence the young generation in making decisions to invest in cryptocurrencies and how prepared Indonesia's young generation is to face the advancement of financial technology (cryptocurrency). In this study, financial knowledge and locus of control will be used as independent variables, financial behavior as a moderating variable and financial decision as a dependent variable in examining factors that influence the young generation in making decisions. We use a questionnaire survey that provides input on the response of the young generation on this matter. We took a sample of the young generation with an age range of 18-20 years as many as 75 respondents who were chosen randomly. The results of this study indicate that the factors that influence the young generation in making decisions to invest in cryptocurrencies are locus of control which has been moderated by financial behavior and the majority of respondents invest in cryptocurrencies because they follow trends or just for Fomo, more mature preparation is needed in the face of advances in financial technology.
Page(s):
5151-5166
DOI:
DOI not available
Published:
Journal: Journal of Theoretical and Applied Information Technology, Volume: 100, Issue: 16, Year: 2022
Keywords:
locus of control
,
Financial Decisions
,
Financial Knowledge
,
Financial Behaviour
,
Cryptocurrency
References:
References are not available for this document.
Citations
Citations are not available for this document.