DETERMINANTS OF MILLENNIAL INVESTMENT DECISION-MAKING IN THE SHARIA CAPITAL MARKET: A COMPREHENSIVE REVIEW

DETERMINANTS OF MILLENNIAL INVESTMENT DECISION-MAKING IN THE SHARIA CAPITAL MARKET: A COMPREHENSIVE REVIEW

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Introduction: The study aims to here examine the impact of financial literacy, overconfidence, regret aversion bias, herding, and risk tolerance on the investment decisions of the Indonesian millennial generation.Methods: The study used a quantitative approach with a sample of 120 respondents from the millennial generation who invested in the Islamic capital market.A statistical test was done using SPSS IBM 26.

Results: Financial literacy and overconfidence significantly influenced investment decisions.On the other hand, regret aversion bias, herding, and risk tolerance had no significant impact on investment decisions.Conclusion and suggestion: The study concluded that financial literacy and overconfidence are the major factors that affect the investment amina muaddi scarpe trasparenti decisions of the Indonesian millennial generation.

The government (regulator) and related institutions should take a more proactive approach in providing outreach and education about the importance of financial literacy and overconfidence.The millennial generation is interested in investing in the Sharia capital market.