The Interplay of Financial Availability, Herding Behavior, and Cryptocurrency Investment Experience Moderated by Government Policy: A Study from Indonesia
This study investigates how financial availability and herding behavior influence the experience of investing in cryptocurrencies, with government policies serving as a moderating factor. This study involved 297 individuals who actively invest in cryptocurrencies in Indonesia. A structural equatio...
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| Format: | Article |
| Language: | English |
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Qubahan
2025-01-01
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| Series: | Qubahan Academic Journal |
| Online Access: | https://journal.qubahan.com/index.php/qaj/article/view/1144 |
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| author | Jul Aidil Fadli Toto Rusmanto Yohannes Kurniawan Yanthi Hutagaol-Martowidjojo |
| author_facet | Jul Aidil Fadli Toto Rusmanto Yohannes Kurniawan Yanthi Hutagaol-Martowidjojo |
| author_sort | Jul Aidil Fadli |
| collection | DOAJ |
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This study investigates how financial availability and herding behavior influence the experience of investing in cryptocurrencies, with government policies serving as a moderating factor. This study involved 297 individuals who actively invest in cryptocurrencies in Indonesia. A structural equation model with partial least squares (PLS-SEM) approach was used in this study. The results show that financial availability and government policy affect cryptocurrency investment experience. Meanwhile, government policies have been shown to strengthen the influence of herding behavior. The results also show that herding behavior has no direct effect on cryptocurrency investment experience. Similarly, there is no evidence that government policies can moderate the effect of financial availability on cryptocurrency investment experience. The results show the importance of assessing the financial availability of investors in their investment activities and highlight the importance of government policies to increase the convenience of investing.
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| format | Article |
| id | doaj-art-41126f016adf464884584f7f2eaf1662 |
| institution | Kabale University |
| issn | 2709-8206 |
| language | English |
| publishDate | 2025-01-01 |
| publisher | Qubahan |
| record_format | Article |
| series | Qubahan Academic Journal |
| spelling | doaj-art-41126f016adf464884584f7f2eaf16622025-02-03T10:11:18ZengQubahanQubahan Academic Journal2709-82062025-01-014410.48161/qaj.v4n4a11441144The Interplay of Financial Availability, Herding Behavior, and Cryptocurrency Investment Experience Moderated by Government Policy: A Study from IndonesiaJul Aidil Fadli0Toto Rusmanto1Yohannes Kurniawan2Yanthi Hutagaol-Martowidjojo3Accounting Department, School of Accounting, Bina Nusantara University, Jakarta 11480, Indonesia; Accounting Department, School of Accounting, Bina Nusantara University, Jakarta 11480, Indonesia; Information Systems Department, School of Information Systems, Bina Nusantara University, Jakarta 11480, Indonesia; Finance (International Program), Accounting Department, School of Accounting, Bina Nusantara University, Jakarta 11480, Indonesia. This study investigates how financial availability and herding behavior influence the experience of investing in cryptocurrencies, with government policies serving as a moderating factor. This study involved 297 individuals who actively invest in cryptocurrencies in Indonesia. A structural equation model with partial least squares (PLS-SEM) approach was used in this study. The results show that financial availability and government policy affect cryptocurrency investment experience. Meanwhile, government policies have been shown to strengthen the influence of herding behavior. The results also show that herding behavior has no direct effect on cryptocurrency investment experience. Similarly, there is no evidence that government policies can moderate the effect of financial availability on cryptocurrency investment experience. The results show the importance of assessing the financial availability of investors in their investment activities and highlight the importance of government policies to increase the convenience of investing. https://journal.qubahan.com/index.php/qaj/article/view/1144 |
| spellingShingle | Jul Aidil Fadli Toto Rusmanto Yohannes Kurniawan Yanthi Hutagaol-Martowidjojo The Interplay of Financial Availability, Herding Behavior, and Cryptocurrency Investment Experience Moderated by Government Policy: A Study from Indonesia Qubahan Academic Journal |
| title | The Interplay of Financial Availability, Herding Behavior, and Cryptocurrency Investment Experience Moderated by Government Policy: A Study from Indonesia |
| title_full | The Interplay of Financial Availability, Herding Behavior, and Cryptocurrency Investment Experience Moderated by Government Policy: A Study from Indonesia |
| title_fullStr | The Interplay of Financial Availability, Herding Behavior, and Cryptocurrency Investment Experience Moderated by Government Policy: A Study from Indonesia |
| title_full_unstemmed | The Interplay of Financial Availability, Herding Behavior, and Cryptocurrency Investment Experience Moderated by Government Policy: A Study from Indonesia |
| title_short | The Interplay of Financial Availability, Herding Behavior, and Cryptocurrency Investment Experience Moderated by Government Policy: A Study from Indonesia |
| title_sort | interplay of financial availability herding behavior and cryptocurrency investment experience moderated by government policy a study from indonesia |
| url | https://journal.qubahan.com/index.php/qaj/article/view/1144 |
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