An Analysis of Investment Decisions among Gen Z: Examining the Influence of Risk Perception, Religiosity, and Overconfidence


  • Abel Tasman Universitas Negeri Padang
  • Syukri Lukman Universitas Andalas
  • Tafdil Husni Universitas Andalas
  • Rida Rahim Universitas Andalas
  • Mohamad Fany Alfarisi Universitas Andalas



Risk Perception, Religiosity, Overconfidence, Investment Decision


The purpose of this research is to analyze the factors that influence the investment decisions of Generation Z in Padang City. Specifically, the study aims to investigate the impact of risk perception, religiosity, and overconfidence on investment decisions. The research method used is causative research, with a sample of 96 respondents from Padang City, who were selected using a purposive sampling method. The data was collected using a questionnaire and analyzed using multiple regression analysis with SPSS. The results of the study indicate that risk perception has a significant positive effect on investment decisions among Generation Z in Padang City. However, the study found no significant positive effect of religiosity or overconfidence on investment decisions


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How to Cite

Tasman, A. ., Lukman, S. ., Husni, T. ., Rahim, R. ., & Alfarisi, M. F. . (2024). An Analysis of Investment Decisions among Gen Z: Examining the Influence of Risk Perception, Religiosity, and Overconfidence. Jurnal Ekonomika Dan Bisnis, 4(2), 188–194.