Pengaruh Sikap Keuangan dan Kontrol Perilaku dalam Pembentukan Keputusan Investasi yang Sesuai dengan Syariah Islam

Lintang, Frisqha Sekar Gading Cahyaning (2025) Pengaruh Sikap Keuangan dan Kontrol Perilaku dalam Pembentukan Keputusan Investasi yang Sesuai dengan Syariah Islam. Masters thesis, Institut Teknologi Sepuluh Nopember.

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Abstract

Perkembangan pesat pasar modal syariah di Indonesia menunjukkan peningkatan minat di kalangan investor Muslim; namun demikian, masih terdapat kesenjangan perilaku antara pemahaman normatif terhadap prinsip keuangan syariah dan praktik investasi aktual. Penelitian ini bertujuan untuk mengkaji pengaruh self-discipline (kontrol diri dalam keuangan) dengan indikatornya dan sikap keuangan (iqtishad) dengan indikatornya terhadap keputusan investasi berbasis syariah. Penelitian ini menggunakan pendekatan kuantitatif dengan teknik survei kuesioner terhadap 400 responden investor Muslim yang memiliki atau memahami investasi syariah. Variabel independen yang diteliti adalah iqtishad, dengan self-discipline sebagai variabel moderasi, dan keputusan investasi syariah sebagai variabel dependen. Analisis data dilakukan menggunakan metode Structural Equation Modeling (SEM) berbasis PLS. Analisis deskriptif dengan Cross Tabulation juga dilakukan melalui perangkat lunak SPSS Penelitian ini mengadopsi Decision Theory sebagai kerangka teoretis, yang disesuaikan dengan integrasi nilai-nilai etika Islam, serta menempatkan self-discipline sebagai variabel moderasi dalam hubungan antara sikap keuangan dan keputusan investasi. Hasil penelitian menunjukkan bahwa baik self-discipline maupun iqtishad secara signifikan memengaruhi keputusan investasi syariah. Namun, self-discipline tidak berperan sebagai variabel moderasi yang memperkuat hubungan antara iqtishad dan keputusan investasi syariah. Penelitian ini merekomendasikan perlunya pendekatan edukasi keuangan syariah yang lebih personal dan berbasis nilai, agar dapat meningkatkan partisipasi masyarakat Muslim dalam pasar modal syariah secara lebih berkelanjutan.
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The rapid development of the Islamic capital market in Indonesia indicates a growing interest among Muslim investors; however, a behavioral gap persists between normative understanding of Sharia financial principles and actual investment practices. This study aims to examine the influence of self-discipline (financial self-control) through its indicators and financial attitudes (iqtishad) through its indicators on Sharia-compliant investment decisions. A quantitative approach was employed using a questionnaire survey involving 400 Muslim investors who either engage in or are knowledgeable about Islamic investments. The independent variable examined is iqtishad, with self-discipline as a moderating variable, and Sharia investment decision as the dependent variable. Data analysis was conducted using the Partial Least Squares-based Structural Equation Modeling (PLS-SEM) method. Descriptive analysis using Cross Tabulation was also performed via SPSS software. The study adopts Decision Theory as its theoretical framework, integrated with Islamic ethical values, positioning self-discipline as a moderating variable in the relationship between financial attitudes and investment decisions. The findings reveal that both self-discipline and iqtishad significantly influence Sharia investment decisions. However, self-discipline does not serve as a moderating variable that strengthens the relationship between iqtishad and Sharia investment decisions. The study recommends the implementation of more personalized and value-driven Islamic financial education approaches to enhance sustainable Muslim participation in the Islamic capital market.

Item Type:	Thesis (Masters)
Uncontrolled Keywords:	Keputusan Investasi, Kontrol Diri, Sikap Keuangan, Syariah. Investment Decisions, Money Attitudes, Self-discipline, Sharia.
Subjects:	H Social Sciences > HG Finance H Social Sciences > HG Finance > HG4529 Investment analysis H Social Sciences > HG Finance > HG4910 Investments
Divisions:	Faculty of Creative Design and Digital Business (CREABIZ) > Business Management
Depositing User:	Frisqha Sekar Gading Cahyaning Lintang
Date Deposited:	29 Jul 2025 02:08
Last Modified:	29 Jul 2025 02:08
URI:	http://repository.its.ac.id/id/eprint/122442

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