PENGARUH PENGETAHUAN INVESTASI, KEBIJAKAN MODAL MINIMUM DAN SOCIAL MEDIA INFLUENCER TERHADAP MINAT MAHASISWA BERINVESTASI
DOI:
https://doi.org/10.31959/jm.v15i2.3791Abstract
Introduction: This study aims to examine the effect of Investment Knowledge, Minimum Capital Policy, and Social Media Influencers on Students’ Investment Interest.
Method: This research employs a quantitative method with data analysis using Multiple Linear Regression, supported by SPSS software. The sample consists of 100 students who invest in stocks at the Indonesia Stock Exchange Investment Gallery across universities in East Nusa Tenggara.
Results: The findings indicate that partially, Investment Knowledge, Minimum Capital Policy, and Social Media Influencers each have a significant effect on Students’ Investment Interest. Simultaneously, these three variables influence Students’ Investment Interest by 76%, while the remaining 24% is explained by other factors not examined in this study.
Conclusion: The results confirm that Investment Knowledge, Minimum Capital Policy, and Social Media Influencers, both partially and simultaneously, have a significant impact on Students’ Investment Interest. These findings suggest that increasing students’ investment interest is not determined by a single factor but rather by the synergy between cognitive aspects (knowledge), structural policies (ease of initial capital), and socio-digital factors (influencer impact). The novelty of this study lies in the integration of these three variables into a comprehensive analytical model, particularly by positioning Social Media Influencers as a relevant variable in the context of current digital developments. This study offers a new perspective that strategies to enhance students’ investment interest should combine educational approaches, inclusive policies, and the effective use of social media as a communication tool.
Keywords: Investment, Literacy, Risk, Shares
References
Bakhri, S. (2018). Minat Mahasiswa Dalam Investasi Di Pasar Modal. Al-Amwal : Jurnal Ekonomi Dan Perbankan Syari’ah, 10(1), 146. https://doi.org/10.24235/amwal.v10i1.2846
Dewi, N. N. S. R. T., Adnantara, K. F., & Asana, G. H. S. (2017). Modal Investasi Awal dan Persepsi Risiko dalam Keputusan Berinvestasi. Jurnal Ilmiah Akuntansi , 2, 173–190.
Gede, I., Perdana, B. W., & Yasa, G. W. (2021). The Effect of Minimum Investment Capital, Financial Literacy Level, and Family Environment on Students Investment Interest in the Indonesian Capital Market. American Journal of Humanities and Social Sciences Research, 5(E-ISSN: 2378-703X), 253–260. www.ajhssr.com
Halim, A. (2003). Analisis Investasi Edisi 2. Jakarta: Salemba Empat.
Hudders, L., De Jans, S., & De Veirman, M. (2021). The Commercialization of Social Media Stars: A Literature Review and Conceptual Framework on the Strategic use of Social Media Influencers. International Journal of Advertising, 40(3), 327–375.
Kusmawati. (2011). Pengaruh Motivasi Terhadap Minat Berinvestasi di Pasar Modal dengan Pemahaman Investasi dan Usia Sebagai Variabel Moderat. Jurnal Ekonomi Dan Akuntansi. STIE Musi Palembang
Lestiana. (2023) Pengaruh pengetahuan investasi, kebijakan modal minimum, literasi keuangan dan social media influencer terhadap minat mahasiswa berinvestasi di pasar modal: Proceeding Of National Conference On Accounting & Finance, Vol. 5 Tahun 2023 Hal. 136-149
Kencana, M. R. (26 Juni 2020). "70 Persen Investor Milineal Kuasai Pasar Modal Indonesia". Liputan 6:https://www.liputan6.com/saham/read/4289768/70-persen-investor-milenial-kuasai-pasarmodal-indonesia
[Rodiyah, F. (2019). Korelasi Pengetahuan Investasi, Literasi Keuangan, Pelatihan Pasar Modal dan Minat Mahasiswa Berinvestasi di Galeri Investasi Syariah. Jihbiz : jurnal ekonomi, keuangan dan perbankan syariah, 3(1), 17–37.
Manik, E., & Usman, O. (2021). The Influence of Motivation, Knowledge and Technology Advancement on Investment Interest of Jakarta State University Students in the Capital Market. SSRN Electronic Journal, 1–13
Marlin, K. (2020). Pengaruh Pengetahuan Investasi, Persepsi Return, dan Motivasi Investasi terhadap Minat Investasi pada Galeri Investasi Syariah Bursa Efek Indonesia IAIN Batusangkar. Jurnal Ilmiah Indonesia, 5(e-ISSN: 2548-1398).
Pratiwi, D. T. (2020). Pengaruh Pengetahuan Investasi, Modal Awal Investasi, dan Social Media Influencer terhadap Minat Mahasiswa Berinvestasi di Pasar Modal. Skripsi
Titik Ulfatun, U. (2016). Analisis Tingkat Literasi Keuangan Mahasiswa Fakultas Ekonomi Universitas Negeri Yogyakarta Tahun Angkatan 2012-2014. Pelita, XI(2), 1–13
Trenggana, A. F. M., & Kuswardhana, R. (2017). Pengaruh informasi produk, risiko investasi, kepuasaan investor dan minat mahasiswa berinvestasi. I(1), 8–17..
Ulmi, A. T., Pahlevi, C., dan Sobarsyah, M. (2022). The he Influence of Social Media Influencer on Students ’ Interest in Investing in the Capital Market. Hasanuddin Journal of Business Strategy, 4(1), 25–31.
https://regional.kompas.com/read/2024/10/11/184932778/jumlah-investor-pasar-modal- di-ntt-didominasi-pelajar-dan-mahasiswa.
Downloads
Published
Issue
Section
License
Copyright (c) 2026 Amram Rohi Bire, Enos Kabu, Putri Patricia Tety

This work is licensed under a Creative Commons Attribution 4.0 International License.
Access and Licensing
All articles published in Jurnal Maneksi (Management Ekonomi Dan Akuntansi) are available immediately upon publication without any embargo period. No registration or subscription fees are required to access our content.
To facilitate clarity and ease of reuse, Jurnal Maneksi (Management Ekonomi Dan Akuntansi) adopts Creative Commons licenses. By default, all articles are published under the Creative Commons Attribution License (CC BY 4.0). This license permits unrestricted use, distribution, and reproduction in any medium, provided that proper attribution is given to the original author(s) and source.
Copyright Policy
Authors publishing in Jurnal Maneksi (Management Ekonomi Dan Akuntansi) retain copyright over their work. By submitting and publishing with Jurnal Maneksi (Management Ekonomi Dan Akuntansi), authors grant the journal the right of first publication under their chosen open-access license. This ensures that authors maintain full control over their intellectual property while enabling broad dissemination and reuse of their work.
Authors are also encouraged to:
- Share their published articles in institutional repositories or personal websites, ensuring proper acknowledgment of initial publication in Jurnal Maneksi (Management Ekonomi Dan Akuntansi).
- Enter into non-exclusive agreements for further distribution, such as including their articles in books or other publications.








