Revealing the Relationship Between Financial Management and Student Investment Decisions at Bandung State Polytechnic
Abstract
This study investigates the relationship between financial management and investment decisions among students. Data were collected from one hundred active students who were randomly selected using a descriptive quantitative approach and a standard questionnaire. The factors studied include students' preferences for investment instruments, such as savings, deposits, mutual funds, and other financial assets, as well as financial management techniques, such as planning, control, and personal financial recording. The purpose of this research is to determine how financial management techniques influence students' decisions regarding various investment instruments. The results show that there is a strong correlation between students' investment decisions and their capacity in financial management. Although students with less developed financial management understanding prefer more conventional or common choices such as savings, students with proficient financial management skills usually have habits of diversifying investments or selecting several investment instruments and choosing instruments with low risk. The findings of this study provide an overview of the importance of financial behavior among students and serve as a basis for the development of more effective financial literacy programs.
References
Ahmad Taslim, A. W. (2016). Pengaruh Frekuensi Perdagangan Saham, Volume Perdagangan Saham, Kapitalisasi Pasar Dan Jumlah Hari Perdagangan Terhadap Return Saham. Management Analysis Journal, 5(1), 1–6.
Ariningrum, H., Alansori, A., & Rahyono, R. (2020). Pelatihan Keuangan Sederhana Bagi Ibu Pkk Di Desa Sukajaya Lempasing Kabupaten Pesawaran. Community Development Journal : Jurnal Pengabdian Masyarakat, 1(3), 389–394. https://doi.org/10.31004/cdj.v1i3.1093
Bamforth, J., Jebarajakirthy, C., & Geursen, G. (2018). Understanding undergraduates’ money management behaviour: a study beyond financial literacy. International Journal of Bank Marketing, 36(7), 1285–1310. https://doi.org/10.1108/IJBM-05-2017-0104
Chaniago, H., Muharam, H., & Efawati, Y. (2023). Metode Riset Bisnis Dan Permodelan (Vol. 1). https://digilib.polban.ac.id/files/disk1/311/jbptppolban-gdl-harmonchan-15510-1-metoder-n.pdf
Chaniago, H., & Efawati, Y. (2022). The implementation of integrated marketing communication on retail business: Moslem consumers' perceptions. International Journal of Business and Globalisation, 30(2), 187-206. https://doi.org/10.1504/IJBG.2022.122664
Dewi, P. K., Agus, W. S. G., & Ni Putu, Yeni Astiti, N. L. (2021). Pengaruh Literasi Keuangan, Gaya Hidup Hedonisme, Dan Pendapatan Terhadap Pengelolaan Keuangan Mahasiswa UNMAS. Jurnal Emas, 2, 74–85.
Fatimah, N., Syamsiyah, N., Agribisnis, P. S., Pertanian, F., Padjadjaran, U., & Subang, K. (2017). Proporsi Pengeluaran Rumah Tangga Petani Padi Di Desa Patimban, Kecamatan Pusakanagara, Kabupaten Subang, Jawa Barat. 834–841.
Ichfan, K., Mutmainah, Si., & Mila. (2019). Pentingnya Keuangan Bagi Perusahaan. Jurnal Akuntansi Dan Keuangan Islam, 1(2), 32–42.
Mulyadi, R. D. R., & Efawati, Y. (2024). Understanding Consumer Minds: How Psychological Aspects Drive E-commerce Purchases. International Journal Administration, Business & Organization, 5(5), 15-23.
Nuroniyah, L., Rini, M. M., & Madura, U. T. (2024). Pengaruh Literasi Keuangan dengan Aktivitas Media Sosial terhadap Kebiasaan Investasi Instrumen Keuangan pada Generasi Muda. Jurnal Media Akademik (JMA), 2(6).
Otoritas Jasa Keuangan (OJK). (2024). Pengelolaan Investasi. Otoritas Jasa Keuangan (OJK). https://ojk.go.id/id/kanal/pasar-modal/Pages/Pengelolaan-Investasi.aspx
Putri dkk. 2019. (2019). Pengaruh Literasi Keuangan, Efikasi Keuangan, Dan Faktor Demografi Terhadap Pengambilan Keputusan Investasi (Studi Kasus Pada Mahasiswa Magister Manajemen Fakultas Ekonomi Universitas Andalas Padang). Jurnal Ilmiah Mahasiswa Ekonomi Manajemen, 4(1), 398–412.
Putri, K. A. S., & Andayani, S. (2022). Literasi Keuangan dan Pendapatan terhadap Keputusan Investasi Mahasiswa dengan Perilaku Keuangan sebagai Variabel Intervening. Journal of Management and Bussines (JOMB), 4(2), 1075–1089. https://doi.org/10.31539/jomb.v4i2.4715
Rachman, A., Efawati, Y., & Anmoel, J. T. (2024). Understanding The Role Of Fomo (Fear Of Missing Out) In Impulse Purchase For Smes. Riset: Jurnal Aplikasi Ekonomi Akuntansi Dan Bisnis, 6(2), 117-134.
Rosa, I., & Listiadi, A. (2020). Pengaruh Literasi Keuangan, Pendidikan Keuangan di Keluarga, Teman Sebaya, dan Kontrol Diri Terhadap Manajemen Keuangan Pribadi. Jurnal Manajemen, 244-252.
Satata, N. I., & Anwar, M. (2023). Pengaruh Media Sosial, Literasi Keuangan, dan Tren E-Commerce Selama Pandemi Covid 19 Terhadap Perilaku Konsumtif Mahasiswa (Studi Pada Mahasiswa Universitas Pembangunan Nasional “Veteran” Jawa Timur). Jurnal Ilmiah Universitas Batanghari Jambi, 23(1), 254. https://doi.org/10.33087/jiubj.v23i1.3219
Sheilla, P., Syariah, Y. E., Pekalongan, I., Khanifiana, R., Syariah, E., & Faizah, C. N. (2020). Motivasi, Pengetahuan, Preferensi Risiko Investasi, Dan Minat Investasi Saham Di Pasar Modal Syariah Pada Mahasiswa Febi Iain Pekalongan. Finansha-Journal of Sharia Financial Management, 1(2), 55–63. https://journal.uinsgd.ac.id/index.php/finansha
Thariq, F., & Efawati, Y. (2024). The Influence of Website Quality on Buying Interest Consumer. International Journal Administration, Business & Organization, 5(3), 64-74.
Theresia Tyas Listyani, Muhammad Rois, S. P. (2021). Analisis Pengaruh Pengetahuan Investasi, Pelatihan Pasar Modal, Modal Investasi Minimal Dan Persepsi Risiko Terhadap Minat Investasi Mahasiswa Di Pasar Modal (Studi Pada Pt Phintraco Sekuritas Branch Office Semarang). Die Satzung Des Völkerbundes, 2(1), 255–257. https://doi.org/10.1515/9783112372760-032
Tribuana, L. (2020). Keuangan, Pengaruh Literasi Dan, Pengendalian Diri Tribuana, Lita Akuntansi, Program Studi.
Volpe, H. C. and R. P. (2016). Highly efficient measurement technology based on hyper-spectropolarimetric imaging. An Analysis of Personal Financial Literacy Among College Students, 43(8), 107–128. https://doi.org/10.3788/CJL201643.0811001
Widiyanti, Rahmatya Widyaswati, R. M. (2020). Peran Pencatatan Keuangan Harian Sebagai Filter Diri Dalam Pengaturan Pengeluaran Pribadi. 2507(February), 1–9.
Yushita, A. N. (2017). Pentingnya Literasi Keuangan Bagi Pengelolaan Keuangan Pribadi. Nominal, Barometer Riset Akuntansi Dan Manajemen, 6(1). https://doi.org/10.21831/nominal.v6i1.14330
Copyright (c) 2025 Muhamad Imam Nurfadhilah, Zahir Muhammad Za’im

This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
Authors who publish in this journal agree to the following terms:
- The authors confirm that they are the authors of the submitted article, which will be published (online) in the journal IJABO (International Journal Administration, Business & Organization) by the Asosiasi Ahli Administrasi Indonesia (A3i), Bandung, Indonesia. The author’s name will be evident in the article. The publisher makes all decisions regarding the layout and distribution of the work.
- Authors guarantee that the work is their own original creation and does not infringe any statutory or common-law copyright or any proprietary right of any third party. In case of claims by third parties, authors commit themself to defend the interests of the publisher and shall cover any potential costs.
- Authors retain copyright and grant the journal the right of first publication, with the work simultaneously licensed under a Creative Commons Attribution-ShareAlike 4.0 International License (CC BY-SA 4.0). This license allows the redistribution and reuse of papers provided the authorship is properly credited.
- Authors can enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., posting it to an institutional repository or publishing it in a book), with an acknowledgment of its initial publication in this journal.
- Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as this can lead to productive exchanges and earlier and greater citations of published work.