The Impact of Locus of Control and Financial Knowledge on Investment Decisions in Hotel Employee in The City of Padang

International Journal of Economics and Management Studies

© 2020 by SSRG - IJEMS Journal

Volume 7 Issue 8

Year of Publication : 2020

Authors : Suhery, Trimardi Jaya Putra, Jasmalinda

10.14445/23939125/IJEMS-V7I8P109

How to Cite?

Suhery, Trimardi Jaya Putra, Jasmalinda, "The Impact of Locus of Control and Financial Knowledge on Investment Decisions in Hotel Employee in The City of Padang," SSRG International Journal of Economics and Management Studies, vol. 7,  no. 8, pp. 62-69, 2020. Crossref, https://doi.org/10.14445/23939125/IJEMS-V7I8P109

Abstract:

This study aims to analyze: 1) How is the influence of locus of control on employee investing decision hotels in Padang; and 2) How is the influence of financial knowledge on employee investing decision hotels in Padang. This type of research is causative research, which is a study that aims to see how far the independent variables affect the dependent variable. The population in this study were hotel employees in the city of Padang, with a total sample of 90 employees from a total of 111 employees. Research data was collected through a questionnaire. After the data meets the validity test, reliability test, and normality test, the data is analyzed using multiple linear regression analysis with the IBM SPSS version 24. The results of the study show that: 1) locus of control has a positive and significant effect on investment decisions of GIM Hotel Padang employees, and 2) financial knowledge has a positive and significant effect on investment decisions of Hotel employees in the city of Padang. R square value is 0.493, which means that the independent variables together have an effect of 49.3% on the dependent variable. In comparison, 50.7% is determined by other factors not examined in this study.

Keywords:

Investment decision, locus of control, andfinancial knowledge.

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