"Pengaruh Emotional Intelligence, Locus of Control, Risk Aversion, dan " by Sekar Savira Ramadhani, Maria Ulpah et al.
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Abstract

This study investigates how individual factors—namely emotional intelligence, external locus of control, risk aversion, and financial literacy—affect the intention to invest in risky financial instruments in Indonesia. The research explores both the direct and indirect effects of these factors on risky investment intentions. Data were collected from 507 respondents through an online questionnaire. The findings indicate that emotional intelligence, external locus of control, and financial literacy positively influence the intention to invest in risky assets, while risk aversion has a negative effect. Additionally, the analysis of indirect effects shows that financial literacy moderates the relationship between emotional intelligence and risk aversion in shaping risky investment intentions. However, financial literacy does not moderate the relationship between external locus of control and risky investment intentions.

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Bahasa Abstract

Penelitian ini bertujuan untuk mengetahui peran faktor individu (emotional intelligence, external locus of control, risk aversion, financial literacy) pada intensi atau niat individu untuk berinvestasi pada instrumen berisiko di Indonesia. Penelitian ini melihat peran faktor individu terhadap risky investment intention secara langsung dan tidak langsung. Data penelitian dikumpulkan melalui kuesioner online dengan jumlah 507 responden. Hasil penelitian menunjukan bahwa dalam hubungan secara langsung (direct effect), emotional intelligence, external locus of control, dan financial literacy memiliki pengaruh positif terhadap risky invesement intention, sedangkan risk aversion memiliki pengaruh negatif terhadap risky investment intention. Sedangkan, hasil penelitian terhadap hubungan tidak langsung (indirect effect) menunjukan bahwa financial literacy memoderasi hubungan antara emotional intelligence dan risk aversion terhadap risky investment intention. Namun, tidak memoderasi hubungan antara locus of control eksternal dengan risky investment intention.

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