investment – Jurnal Pengurusan

Exploring Gamification as a Tool to Enhance Financial Literacy and Improve Financial Behavior

asriwn — Fri, 08 Nov 2024 02:16:54 +0000

The education sector is changing towards digitalization, notably through the integration of gamification learning techniques in classrooms. This approach has been proven effective in increasing student motivation and engagement. However, the complexity of financial concepts, especially in investment education, can indeed present challenges for students. This study was therefore conducted to assess the effectiveness of gamification in teaching investment subjects. A quantitative survey was conducted using questionnaires distributed to 98 students who participated in the gamified intervention. Data were collected twice, at week 1 and week 10 of the intervention, to compare outcomes and evaluate the impact of gamification. Analysis was conducted using descriptive and inferential statistics, namely paired sample t-test and repeated measures ANOVA. The findings reveal a significant difference between the pre-test and post-test results for all independent variables, indicating the effectiveness of gamification in stock market education. This study highlights that implementing gamification in education has the potential to enhance student motivation, engagement and positive learning experiences, foster goal achievement, improve problem-solving skills, and facilitate the transfer of knowledge and skills.

Investor Behavioral Intention in Investment-based Crowdfunding: A Systematic Literature Review

asriwn — Wed, 06 Nov 2024 03:38:51 +0000

The study presents a comprehensive systematic review to deepen our understanding of the factors that guide investment intentions within the crowdfunding sector, with a specific focus on equity-based and lending-based platforms. Using the Reporting Standards for Systematic Evidence Synthesis (ROSES) approach, articles were sourced from the WOS and Scopus databases. Our analysis revealed eight main themes influencing investor intention: investor-based factors, fundraiser-based factors, platform-based factors, project-based factors, trust, motivation, risk, and value. Notably, trust emerged as an essential factor influencing investor intention in investment-based crowdfunding, not only as a direct predictor but also as a mediator that connects other variables to behavioral intention. This study’s broad-reaching implications extend to investors, crowdfunding platforms, borrowers, government policymakers, and researchers. By establishing an insightful foundation for future research and providing actionable insights for practitioners seeking to foster trust, manage risk, and harness both intrinsic and extrinsic motivations, our findings bear the potential to shape the evolution of investment-based crowdfunding in the coming years.

Cash Flow-Investment Relationship in Malaysia: A Panel Threshold Regression Analysis

Nur_161 — Sat, 08 Oct 2022 18:25:26 +0000

The objective of this article is to analyse the relationship pattern of cash flow-investment among low and high debt firms. To investigate the issue, we employed Hansen’s (1999) threshold method of non-dynamic panel data. In this article, the firm debt ratio was used as threshold variable. A balanced panel data of companies listed on Bursa Malaysia, comprising of 234 companies for a period from 2004 to 2010, was utilized in this study. The results showed that debt ratio has a significant role at explaining the cash flow-investment relationship among firms. In particular, the results showed that low debt firms exhibit significant support to the financial constraints hypothesis, while high debt firms demonstrate support to the free-cash flow hypothesis. This finding explains why the cash flow-investment relationship of certain firms is negative, while other firms are positive. It also signifies the inability of constrained firms to access to external financing; thus, leading the firms to significantly rely on their internal financings.

Krisis Subprima dan Kemeruapan Harga Saham Mengikut Sektor Ekonomi di Bursa Malaysia

sufizulkarnain01 — Sat, 08 Oct 2022 17:55:39 +0000

This paper aims to examine the volatility of stock prices by sub-sectors of the economy in the Malaysian Bourse, and also to identify the sub-sectors that have persistence volatility. Time series econometrics methods namely ARCH and GARCH models are used in identifying the level of stock prices volatility in three periods, that is, before, during and after the subprime crisis. The stock prices of financial sector showed a persistency of volatility for the period of pre and during crisis. While, the stock prices of industrial production sector is relatively the most stable than others in the period of during and post-crisis. The results using EGARCH model revealed that stock prices of construction sector has a persistency of volatility during the crisis periods. The policy implication of this study shows that the potential investors should consider to invest in the industrial production sector because the stock prices is relatively more stable than others sector. Investment strategy to diversify investment portfolio can reduce the element of risk and generate returns.