Impact of financial determinants on investment decision among Malaysia university students

Heman Inbaraj, Alexander (2025) Impact of financial determinants on investment decision among Malaysia university students. Final Year Project, UTAR.

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Abstract

This study investigates the impact of financial literacy, risk tolerance, and self confidence on investment decisions among Malaysian university students. Despite the increasing accessibility of fintech platforms and investment opportunities, many students lack sufficient financial literacy and psychological readiness to make sound financial decisions. Drawing upon the Theory of Planned Behaviour and behavioural finance theory, this research develops a comprehensive framework to explain how financial knowledge and psychological factors collectively influence students’ investment behaviour. A quantitative research design was employed, using stratified random sampling and self-administered questionnaires distributed to public and private university students across Malaysia. The data were analysed using multiple linear regression to examine the relationships between the independent variables and investment decisions. Findings are expected to highlight significant positive relationships between financial literacy, risk tolerance, self-confidence, and students’ investment decisions. The study contributes theoretically by extending behavioural finance models to the Malaysian student context, while also providing practical implications for policymakers, educators, and financial institutions to design targeted financial education programs, risk awareness initiatives, and confidence-building strategies. Ultimately, the research aims to foster a generation of financially capable and confident young investors, thereby contributing to personal financial well-being and national economic growth.

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