The Impact Of Educational Strategies On Investment Literacy Among Higher Education Students
Abstract
The number of capital market investors in Indonesia has significantly increased in recent years, indicating a growing public interest in investing. However, despite this growth, many investors are still exposed to losses from illegal investment practices, suggesting that investment literacy remains relatively low. This study aims to measure the level of investment literacy among undergraduate management students and to compare their literacy outcomes based on the application of Project-Based Learning (PJBL) and non-PJBL educational methods. The research adopts a mixed-method approach using quantitative data from questionnaires and qualitative insights from in-depth interviews. Data were analyzed using descriptive analysis and Mann-Whitney U test. The findings reveal that management students at IPB University possess a relatively high level of investment literacy. However, no significant difference was found between students taught using PJBL and those taught using non-PJBL methods. Integrating investment management courses into the curriculum contributes to enhancing student literacy. However, educational method differences do not significantly impact literacy levels. This study contributes to understanding the effectiveness of educational approaches in improving investment literacy among university students in a rapidly growing financial market.
Keywords
References
M. K. Fahrudin, “Pengaruh Literasi Keuangan Terhadap Minat Investasi Mahasiswa Di Pasar Modal Syariah Dengan Persepsi Risiko Sebagai Pemoderasi,” Repository UIN Profesor Kiai Haji Saifuddin Zuhri, p. 104, 2024.
A. Murdiah and P. A. Bowo, “Analisis Kausalitas antara Investasi, Pendapatan Nasional, dan Jumlah Uang Beredar,” Efficient: Indonesian Journal of Development Economics, vol. 3, no. 1, Art. no. 1, Jan. 2020, doi: 10.15294/efficient.v3i1.35949.
M. H. R. Lubis and I. G. K. C. B. A. Kusuma, “Analisis Pertumbuhan Investor Ritel Pada Masa Pandemi Dan Implikasi Pajak Penghasilan Final Atas Penjualan Saham Di Bursa,” Jurnal Pajak Indonesia (Indonesian Tax Review), vol. 6, pp. 245–264, Nov. 2022, doi: 10.31092/jpi.v6i2.1854.
N. Suprasta and Nuryasman, “Faktor-Faktor Yang Mempengaruhi Pengambilan Keputusan Investasi Saham,” JE, vol. 25, no. 2, p. 251, Jul. 2020, doi: 10.24912/je.v25i2.669.
Databoks, “Kerugian Investasi Ilegal RI Capai Rp120,79 Triliun, Rekor Tertinggi Sedekade | Databoks.” Accessed: Jan. 12, 2025. [Online]. Available: https://databoks.katadata.co.id/keuangan-non-bank/statistik/c53011ee611d4d3/kerugian-investasi-ilegal-ri-capai-rp12079-triliun-rekor-tertinggi-sedekade
S. Sun and E. Lestari, “Analisis Pengaruh Literasi Keuangan (Financial Literacy), Pengetahuan Investasi (Investment Knowledge), Motivasi Investasi (Investment Motivation) Dan Pendapatan (Income) Terhadap Keputusan Investasi Pada Masyarakat Di Batam,” AKUNESA, vol. 10, no. 3, pp. 101–114, May 2022, doi: 10.26740/akunesa.v10n3.p101-114.
L. Lindananty and M. Angelina, “Pengaruh Pengaruh Literasi Keuangan, Perilaku Keuangan dan Pendapatan terhadap Keputusan Investasi Saham,” in Jurnal Buana Akuntansi, Mar. 2021, pp. 27–39. doi: 10.36805/akuntansi.v6i1.1298.
A. Lusardi and O. S. Mitchell, “The Economic Importance of Financial Literacy: Theory and Evidence,” Journal of Economic Literature, vol. 52, no. 1, pp. 5–44, Mar. 2014, doi: 10.1257/jel.52.1.5.
R. M. Capraro, M. M. Capraro, and J. Morgan, Project-Based Learning: An Integrated Science, Technology, Engineering, and Mathematics (STEM) Approach, Second Edition. Sense Publishers, 2013. Accessed: Feb. 05, 2025. [Online]. Available: https://www.researchgate.net/publication/297369948_STEM_Project-Based_Learning_An_Integrated_Science_Technology_Engineering_and_Mathematics_STEM_Approach
OJK, “Survei Nasional Literasi dan Inklusi Keuangan (SNLIK) 2015,” Modul Workshop Perlindungan Konsumen Di Sektor Jasa Keuangan. Accessed: May 06, 2025. [Online]. Available: https://www.ojk.go.id/id/berita-dan-kegiatan/publikasi/Pages/Survei-Nasional-Literasi-dan-Inklusi-Keuangan-(SNLIK)-2024.aspx
J. F. Hair, W. C. Black, B. J. Babin, and R. E. Anderson, Pearson Education Limited, Seventh Edition. United States of America: British Library Cataloguing-in-Publication Data, 2014.
L. J. Estrada, S. Meneses, M. Valencia, and J. V. Murcia, “Characterizing Investment Behavior Among Business Students In Southern Mindanao, Philippines,” European Journal of Economic and Financial Research, vol. 6, no. 3, Art. no. 3, Oct. 2022, doi: 10.46827/ejefr.v6i3.1337.
A. Shalahuddinta and Susanti, “Pengaruh Pendidikan Keuangan Di Keluarga, Pengalaman Bekerja Dan Pembelajaran Di Perguruan Tinggi Terhadap Literasi Keuangan,” Jurnal Pendidikan Akuntansi (JPAK), vol. 2, no. 2, Aug. 2014, Accessed: May 14, 2025. [Online]. Available: https://ejournal.unesa.ac.id/index.php/jpak/article/view/9134
P. Ben, J. Jamadar, and N. B. S, “Investigating Risk and Return Dynamics in Equities of Selected 10 Firms: A Five-Year Study (2019-2023),” International Journal for Multidisciplinary Research, vol. 6, no. 2, 2024.
F. Hanifah, L. Noviani, and S. Sudarno, “Pengaruh Literasi Keuangan Terhadap Keputusan Investasi Mahasiswa,” JPEKBM (Jurnal Pendidikan Ekonomi, Kewirausahaan, Bisnis dan Manajemen), vol. 6, no. 1, pp. 052–061, Jul. 2022, doi: 10.32682/jpekbm.v6i1.2299.
S. Setyaningsih And Y. Suchyadi, “Implementation Of Principal Academic Supervision To Improve Teacher Performance In North Bogor,” Jhss (Journal Humanit. Soc. Stud., Vol. 5, No. 2, Pp. 179–183, 2021, Doi: 10.33751/Jhss.V5i2.3909.
Y. Suchyadi And Nurjanah, “Relationship Between Principal Supervision In Increasing The Job Satisfaction Of Private Junior High School Teachers In East Bogor District,” Jhss (Journal Humanit. Soc. Stud., Vol. 02, No. 01, Pp. 26–29, 2018, Doi: Https://Doi.Org/10.33751/Jhss.V2i1.818.
Y. Suchyadi, “Relationship Between Work Motivation And Organizational Culture In Enhancing Professional Attitudes Of Pakuan University Lecturers,” Jhss (Journal Humanit. Soc. Stud., Vol. 01, No. 01, Pp. 41–45, 2017, Doi: Https://Doi.Org/10.33751/Jhss.V1i1.372.
Y. Suchyadi, N. Karmila, And N. Safitri, “Kepuasan Kerja Guru Ditinjau Dari Peran Supervisi Kepala Sekolah Dasar Negeri Di Kecamatan Bogor Utara,” Jppguseda | J. Pendidik. Pengajaran Guru Sekol. Dasar, Vol. 2, No. 2, Pp. 91–94, Nov. 2019, Doi: 10.33751/Jppguseda.V2i2.1453.
R. Purnamasari Et Al., “Student Center Based Class Management Assistance Through The Implementation Of Digital Learning Models,” J. Community Engagem., Vol. 02, No. 02, Pp. 41–44, 2020, Doi: Https://Doi.Org/10.33751/Jce.V2i2.2801.
Y. Suchyadi And H. Suharyati, “The Use Of Multimedia As An Effort To Improve The Understanding Ability Of Basic School Teachers ‘Creative Thinking In The Era ‘Freedom Of Learning,’” In Merdeka Belajar, A. Rahmat, Ed. Yogyakarta: Zahir Publishing, 2021, Pp. 42–53.
Y. Suchyadi Et Al., “Increasing Personality Competence Of Primary School Teachers, Through Education Supervision Activities In Bogor City,” J. Community Engagem., Vol. 01, No. 01, 2019, [Online]. Available: Https://Journal.Unpak.Ac.Id/Index.Php/Jce
Y. Suchyadi Et Al., “Improving The Ability Of Elementary School Teachers Through The Development Of Competency Based Assessment Instruments In Teacher Working Group , North Bogor City,” J. Community Engagem., Vol. 02, No. 01, Pp. 1–5, 2020, Doi: Https://Doi.Org/10.33751/Jce.V2i01.2742.
S. Hardinata, Y. Suchyadi, And D. Wulandari, “Strengthening Technological Literacy In Junior High School Teachers In The Industrial Revolution Era 4.0,” J. Humanit. Soc. Stud., Vol. 05, No. 03, Pp. 330–335, 2021.
H. Suharyati, H. Laihad, And Y. Suchyadi, “Development Of Teacher Creativity Models To Improve Teacher’s Pedagogic Competency In The Educational Era 4.0,” Int. J. Innov. Creat. Chang. Www.Ijicc.Net, Vol. 5, No. 6, Pp. 919–929, 2019, [Online]. Available: Www.Ijicc.Net
Y. Suchyadi, Nurjanah, And N. Karmila, Supervisi Pendidikan: Strategi Meningkatkan Profesionalisme Guru. Bogor: Pgsd Universitas Pakuan, 2020.
Suchyadi, Y., & Suryani, A. "Educational Environment In The Implementation Of Character Education". Jhss (Journal Of Humanities And Social Studies), 5(2), 208-212. 2021.
Marwah, H. S., Suchyadi, Y., & Mahajani, T. "Pengaruh Model Problem Based Learning Terhadap Hasil Belajar Subtema Manusia Dan Benda Di Lingkungannya". Journal Of Social Studies Arts And Humanities (Jssah), 1(1), 42-45. 2021.
Suchyadi, Y., Sunardi, O., Suhardi, E., & Sundari, F. S. "Using A Multimedia For Natural Science Learning In Improving Concept Skills Of Elementary School Teachers".
Billa, Salsa; Purnamasari, Ratih; Suchyadi, Yudhie. Pengembangan Instrumen Tes Pilihan Ganda Berbasis Hots Menggunakan Aplikasi Quizizz Dan Qr-Code Pada Pembelajaran Matematika Materi Pecahan. Didaktik: Jurnal Ilmiah Pgsd Stkip Subang, 2024, 10.04: 335-343.
Hidayat, Nada Syifa; Mulyawati, Yuli; Suchyadi, Yudhie. Pengembangan E-Book Menggunakan Flipbook Pada Muatan Ilmu Pengetahuan Alam Materi Perpindahan Panas Dan Kalor. Cendekiawan, 2024, 6.2: 207-221.
Suchyadi, Yudhie, Et Al. Efektivitas Pembelajaran Menyimak Dongeng Berbasis Youtube Dalam Pembelajaran Bahasa Dan Budaya Sunda. Jurnal Manajemen Pendidikan, 2024, 12.2: 070-073.
Hamzari, Silvia; Anwar, Wawan S.; Suchyadi, Yudhie. Pengembangan Media Pembelajaran Interaktif Berbasis Macromedia Flash Pada Pelajaran Matematika Materi Sudut. Didaktik: Jurnal Ilmiah Pgsd Stkip Subang, 2024, 10.2: 556-567.
Indriani, Rini Sri, Et Al. The Effectiveness Of Learning To Listen To Youtube-Based Fairy Tales In Learning Sundanese Language And Culture. Jhss (Journal Of Humanities And Social Studies), 2024, 6.3: 115-118.
Nuraningsih, Rany, Et Al. Pengembangan E-Modul Menggunakan Canva Pada Tema 4 Sehat Itu Penting Subtema 1 Peredaran Darahku Sehat. Didaktik: Jurnal Ilmiah Pgsd Stkip Subang, 2024, 10.1: 1572-1581.
Listy, Sheren Eriska Priscilia; Kurnia, Dadang; Suchyadi, Yudhie. Pengembangan E-Lkpd Menggunakan Liveworksheet Pada Subtema 3 Usaha Pelestarian Lingkungan. Didaktik: Jurnal Ilmiah Pgsd Stkip Subang, 2024, 10.1: 1314-1323.
Anwar, Wawan Syahiril, Et Al. Penguatan Literasi Teknologi Pada Guru Sekolah Dasar. Jurnal Manajemen Pendidikan, 2024, 12.1: 064-069.
Suchyadi, Yudhie; Indriyani, Sri Rini; Destiana, Dita. Basic Concepts Of Educational Supervision Along With Related Administrative Studies. Jhss (Journal Of Humanities And Social Studies), 2023, 6.3: 406-410.
Purnamasari, Ratih, Et Al. Analisis Kesulitan Belajar Matematika Pada Anak Berkebutuhan Khusus Tunagrahita Ringan Kelas Iv Sdn Perwira. Didaktik: Jurnal Ilmiah Pgsd Stkip Subang, 2023, 9.5: 169-174.
Salsabila, Annisa; Safitri, Nurlinda; Suchyadi, Yudhie. Pengembangan Bahan Ajar E-Book Menggunakan Flipbook Pada Subtema Daerah Tempat Tinggalku. Didaktik: Jurnal Ilmiah Pgsd Stkip Subang, 2023, 9.04: 2305-2317.
Akmal, Erinda Amalia; Safitri, Nurlinda; Suchyadi, Yudhie. Pengaruh Berpikir Kritis Terhadap Kreativitas Siswa. Didaktik: Jurnal Ilmiah Pgsd Stkip Subang, 2023, 9.04: 2610-2617.
Suchyadi, Yudhie, Et Al. Responses To Future Challenges Inclusive Schools For Children With Special Needs. Jhss (Journal Of Humanities And Social Studies), 2023, 7.2: 685-699.
M. Juliano, D. Fionasari, and E. Marlina, “Pengaruh Pengetahuan Investasi,Motivasi Investasi Dan Persepsi Risiko Terhadap Keputusan Investasi Pada Mahasiswa Universitas Muhammadiyah Riau,” Jurnal Akuntansi dan Keuangan, vol. 9, no. 2, Art. no. 2, Oct. 2024, doi: 10.33772/jakuho.v9i2.165.
Sugiyono, Metode Penelitian Kuantitatif, Kualitatif Dan R &. D. Bandung: Penerbit Alfabeta, 2013.
F. Fatmawarni and P. P. Haryani, “Penerapan Model Pembelajaran Project Based Learning (PjBL) Dalam Meningkatkan Hasil Belajar Analisa Ratio Keuangan Pada Program Studi Pendidikan Akuntansi FKIP UMSU,” Liabilities (Jurnal Pendidikan Akuntansi), vol. 1, no. 1, Art. no. 1, Apr. 2018, doi: 10.30596/liabilities.v1i1.2028.
Y. D. Satrio, S. Handayani, M. H. I. Abbas, and J. Kustiandi, “Studi Komparasi Metode Pembelajaran dalam Meningkatkan Literasi Keuangan di Masa Pandemi Covid-19,” Jurnal Pendidikan Ekonomi Undiksha, vol. 12, no. 1, pp. 29–35, Jun. 2020, doi: 10.23887/jjpe.v12i1.25314.
DOI: 10.33751/jhss.v9i2.12350
Refbacks
- There are currently no refbacks.
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
