Russian Journal of Agricultural and Socio-Economic Sciences (Aug 2022)
ANALYSIS OF THE INFLUENCE OF FINANCIAL TECHNOLOGY ON THE INVESTMENT DECISIONS
Abstract
Financial freedom is now the goal of human life. The view of success can be achieved if humans have reached the point of independence in their finances. This makes people be required to be good at saving and controlling their finances in conditions of high consumerism culture. One way that the community can take to achieve this goal is to invest in financial instruments that are now growing a lot. One of them is Peer to Peer (P2P) lending in financial technology. This study was aimed at analyzing the effect of financial technology on people's decisions to invest. The methods used are descriptive analysis and logistic regression. The results of the statistical test were the coefficient value of 0.179 with a T value of 2.587 and a P-value of 0.010. The coefficient value of 0.179 means that if the Financial Technology increased by 1 point, the probability of an investment decision would increase by 0.179 and vice versa. The T-value of 2.587 was more than the T-table (1.96) and the P-value (0.010) was less than 0.05, so the alternative hypothesis (H1) was accepted. Therefore, it means that Financial Technology had a positive and significant impact on investment decisions.
