Kedungkandang District Community Interest in Investing: The Impact of Emotional and Spiritual Intelligence: Evidence from Indonesia

Abstract

The growth of interest in investing can be observed through various factors. The factors examined in this study include financial literacy, emotional intelligence, and spiritual intelligence. The research was conducted in the Kedungkandang district, which has the largest population in Malang City. Primary data was collected through questionnaires distributed to 100 respondents and analyzed using SEM-PLS. The results indicate that the inner model of this study is 21.9%, meaning that the variables examined explain 21.9% of the variance in interest in investing. Hypothesis testing reveals that financial literacy has a significant negative impact, emotional intelligence shows no significant effect and spiritual intelligence has a significant positive influence on interest in investing. These findings suggest that while financial literacy might deter interest in investing, spiritual intelligence plays a crucial role in motivating individuals towards investment, highlighting the need for a balanced approach to fostering interest in investing among the population. This study contributes to a deeper understanding of the psychological and intellectual factors that drive investment behavior, particularly in the context of a highly populated urban area like Kedungkandang.