Antecedents of Risky Financial Investment Intention among Higher Education Students: A Mediating Moderating Model Using Structural Equation Modeling
The current study examines the direct effect of investment awareness and university education support on students’ risky financial investment intentions. Additionally, it examines the mediating effect of social influence and the moderating effect of self-control on these relationships. For this purp...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
MDPI AG
2023-01-01
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| Series: | Mathematics |
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| Online Access: | https://www.mdpi.com/2227-7390/11/2/353 |
| _version_ | 1827623450520322048 |
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| author | Ibrahim A. Elshaer Abu Elnasr E. Sobaih |
| author_facet | Ibrahim A. Elshaer Abu Elnasr E. Sobaih |
| author_sort | Ibrahim A. Elshaer |
| collection | DOAJ |
| description | The current study examines the direct effect of investment awareness and university education support on students’ risky financial investment intentions. Additionally, it examines the mediating effect of social influence and the moderating effect of self-control on these relationships. For this purpose, we directed an online questionnaire to senior students at three public universities in Saudi Arabia. The results of SmartPLS showed positive significant effects of investment awareness and university education support on social influence towards investment. The results also showed direct positive significant effects of investment awareness and university education support on students’ risky financial investment intentions. The results confirmed a partial mediating effect of social influence on the link between investment awareness and university education support on students’ risky financial investment intentions. Moreover, self-control was found to have a moderating effect on the link between investment awareness, university education support and social influence. Self-control failed to confirm the other moderating effects; i.e., the link between university education support and investment awareness, nor the link between investment awareness, university education support and risky financial investment intention. Implications of these findings for academics and policymakers to stimulate investment intention among higher education graduates in the Kingdom of Saudi Arabia (KSA) are discussed. |
| first_indexed | 2024-03-09T11:46:53Z |
| format | Article |
| id | doaj.art-cdf64e12e5564a6da4a7ae4018c11cd5 |
| institution | Directory Open Access Journal |
| issn | 2227-7390 |
| language | English |
| last_indexed | 2024-03-09T11:46:53Z |
| publishDate | 2023-01-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | Mathematics |
| spelling | doaj.art-cdf64e12e5564a6da4a7ae4018c11cd52023-11-30T23:21:01ZengMDPI AGMathematics2227-73902023-01-0111235310.3390/math11020353Antecedents of Risky Financial Investment Intention among Higher Education Students: A Mediating Moderating Model Using Structural Equation ModelingIbrahim A. Elshaer0Abu Elnasr E. Sobaih1The Saudi Investment Bank Scholarly Chair for Investment Awareness Studies, the Deanship of Scientific Research, the Vice Presidency for Graduate Studies and Scientific Research, King Faisal University, Al-Ahsa 31982, Saudi ArabiaThe Saudi Investment Bank Scholarly Chair for Investment Awareness Studies, the Deanship of Scientific Research, the Vice Presidency for Graduate Studies and Scientific Research, King Faisal University, Al-Ahsa 31982, Saudi ArabiaThe current study examines the direct effect of investment awareness and university education support on students’ risky financial investment intentions. Additionally, it examines the mediating effect of social influence and the moderating effect of self-control on these relationships. For this purpose, we directed an online questionnaire to senior students at three public universities in Saudi Arabia. The results of SmartPLS showed positive significant effects of investment awareness and university education support on social influence towards investment. The results also showed direct positive significant effects of investment awareness and university education support on students’ risky financial investment intentions. The results confirmed a partial mediating effect of social influence on the link between investment awareness and university education support on students’ risky financial investment intentions. Moreover, self-control was found to have a moderating effect on the link between investment awareness, university education support and social influence. Self-control failed to confirm the other moderating effects; i.e., the link between university education support and investment awareness, nor the link between investment awareness, university education support and risky financial investment intention. Implications of these findings for academics and policymakers to stimulate investment intention among higher education graduates in the Kingdom of Saudi Arabia (KSA) are discussed.https://www.mdpi.com/2227-7390/11/2/353risky investment intentioninvestment awarenessuniversity education supportself-controlsocial influence |
| spellingShingle | Ibrahim A. Elshaer Abu Elnasr E. Sobaih Antecedents of Risky Financial Investment Intention among Higher Education Students: A Mediating Moderating Model Using Structural Equation Modeling Mathematics risky investment intention investment awareness university education support self-control social influence |
| title | Antecedents of Risky Financial Investment Intention among Higher Education Students: A Mediating Moderating Model Using Structural Equation Modeling |
| title_full | Antecedents of Risky Financial Investment Intention among Higher Education Students: A Mediating Moderating Model Using Structural Equation Modeling |
| title_fullStr | Antecedents of Risky Financial Investment Intention among Higher Education Students: A Mediating Moderating Model Using Structural Equation Modeling |
| title_full_unstemmed | Antecedents of Risky Financial Investment Intention among Higher Education Students: A Mediating Moderating Model Using Structural Equation Modeling |
| title_short | Antecedents of Risky Financial Investment Intention among Higher Education Students: A Mediating Moderating Model Using Structural Equation Modeling |
| title_sort | antecedents of risky financial investment intention among higher education students a mediating moderating model using structural equation modeling |
| topic | risky investment intention investment awareness university education support self-control social influence |
| url | https://www.mdpi.com/2227-7390/11/2/353 |
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