The Influence of Financial Literacy, Investment Knowledge, Education, and Parents' Work on Their Children's Investment Intentions in The Capital Market (Case Studies in the Special Regions of Yogyakarta and Central Java)
DOI:
https://doi.org/10.59890/ijefbs.v4i3.8Keywords:
Financial literacy, investment knowledge, education, work, InvestmentAbstract
This study investigates the influence of parents’ financial literacy, investment knowledge, educational background, and occupational status on Generation Z’s investment intentions in Indonesia amid their growing participation in the capital market. Using a quantitative approach with purposive sampling, data were collected from 199 stock investors in the Special Region of Yogyakarta and Central Java and analyzed using Partial Least Squares–Structural Equation Modeling (PLS-SEM). The findings reveal that parents’ financial literacy, investment knowledge, and educational background do not significantly affect investment intentions, whereas occupational status has a positive and significant influence, highlighting the importance of family economic capacity. The results also indicate that Generation Z relies more on independent learning and digital information than parental guidance. This study contributes to behavioral finance literature by emphasizing parental socioeconomic characteristics, particularly occupational status, as key determinants of investment intentions in emerging markets.
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