Main Article Content
Abstract
The increasing number of capital market investors is a potential government funding source. However, the single investor identification (SID) data from PT Custodian Sentral Efek Indonesia (KSEI) shows that the number of Ambon City investors is only 0.03% nationally, especially investors in Government Securities instruments (SBN). In response to the gap that occurred, this research was conducted to analyze Ambon City's investment interest in government securities and examine the psychological and social factors underlying Ambon City's interest in investing in government securities. The research method is descriptive qualitative, with informants selected by purposive sampling using specific criteria. Primary data sources came from informants and secondary through documents, books, and journals. Data collection techniques through interviews, observation, and documentation were then analyzed using the theory of Planned Behaviour and source triangulation techniques to ensure data validity. The results showed that (1) the interest of the Ambon City community in investing in government securities increased but was still low, (2) the low investment demand was influenced by the level of financial literacy of the community, the perception / consumptive culture of the community and the supporting/inhibiting factors that arose in the investment process.
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References
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References
Aditiya, R., & Supriyadi. (2020). Comparative Study of Regional Development Funding with Regional General Acceptance, Regional Bonds, and Availability Payment. Keuda: Journal of Regional Economic and Financial Studies, 5(2).
Damuri, Y. R., & Hirawan, F. B, Measuring the Impact of COVID-19 on Indonesia's Economic Growth and Trade 2020, CSIS Commentaries DMRU-015, October 2022, url: https://blog.csis.or.id/mengukur-dampak-covid-19-pada-pertumbuhan-ekonomi-dan-perdagangan-indonesia-2020-2e90b76b8517
Fitrianto. (2019). Sukuk Government Financing Instrument for State Development. At-Taradhi: Journal of Economic Studies, 10(1), 71-87
Fitriasuri, & Simanjuntak, R. M. A. (2022). The Effect of Investment Knowledge, Motivation Benefits, and Minimum Investment Capital on Investment Decisions in the Capital Market, 6(4), 3333-3343. url: https://owner.polgan.ac.id/index.php/owner/article/view/1186
Harahap, M.I, Analysis of Factors Affecting Retail State Sukuk, j-EBIS Vol. 3 No. 1 April 2018, 1-19, url: https://journal.iainlangsa.ac.id/index.php/ebis/article/view/654
Hastuti, E. S. Sukuk Savings: Sharia Investment for Inclusive Economic Development. Journal of Jurisprudence, 7(2), 114-122, 2018; https://doi.org/10.23917/jurisprudence.v7i2.4096
Jones, C. P Jones, (2004). "Investments: Analysis and Management," Sixth edition, Willey.
Juanda, B. & Gladiola, S. Analysis of Sustainability and the Effect of Government Securities and Other Factors on Economic Growth in Indonesia, Indonesian Treasury Review Journal of Treasury, State Finance and Public Policy, Vol.7, No.3, (2022), 239–254, URL: https://itrev.kemenkeu.go.id/index.php/ITRev/article/view/529/200
Indonesian Central Securities Depository (KSEI). Press News Capital Market Investors Reach 10 Million [internet]. Rasmi M. Ramyakim Adisty Widyasari. Available from: https://www.ksei.co.id/files/uploads/press_releases/press_file/id-id/212_berita_pers_investor_pasar_modal_tembus_10_juta_20221202065619.pdf
Munir. A, & Rosyidah. N, The Effect of Macroeconomic Variables on the Growth of Corporate Sukuk in Indonesia 2016-2020, Proceedings of International Conference on Islam Education Management and Sharia Economics, Vol. 2. No. 1. 2021, URL: https://prosiding.stainim.ac.id/index.php/prd/article/view/168
Muljanto. M.A, Young Generation Investment in Retail Government Securities as a Form of State Defense, Governance Dynamics: Journal of Public Administration Science, Vol. 12 No.03 (2022) 353–362, URL: http://ejournal.upnjatim.ac.id/index.php/jdg/article/view/3471/pdf
Sandu Siyoto, M. Ali Sodik, 2015, Basic Research Methodology, Yogyakarta, June 2015
Sutoyo. The Effect of Government Securities (SBN) on Indonesia's Economic Growth. Lentera Scientific Journal of Science, Technology, Economics, Social, and Culture Vol. 6 No.2 May 2022, [Internet]. url: http://journal.umuslim.ac.id/index.php/ltr2/article/view/1193
Financial Services Authority, Indonesia Capital Market, Monthly Statistical Report March 2023 https://www.ksei.co.id/publications/demografi_investor
Sharpe, W. F., Gordon J. Alexander, & Jeffery V. Bailey, (2005). "Investing", Sixth Edition, Volume I, Indonesian Edition, PT. Index Gramedia Group, Jakarta