Information Transparency and Investor Protection in Building Investor Confidence and Informing Investment Decisions in Equity Crowdfunding in Indonesia (West Science Interdisciplinary Studies)

Summary

• The study collected survey data from 100 equity crowdfunding investors in Indonesia using a five-point Likert scale.p.1
• Male respondents accounted for 56.0% of the research sample, while female respondents represented 44.0%.p.7
• Investors aged 26–35 years formed the largest age group among participants at 42.0%.p.7
• Information transparency and investor protection together explain 58.6% of the variance in investor trust.p.9
• Information transparency, investor protection, and investor trust collectively explain 64.2% of the variance in investment decision-making.p.9
• Investor protection demonstrates a strong direct positive effect on investor trust with a path coefficient of 0.468.p.10

Key insights

1. Information transparency directly increases investor trust with a path coefficient of 0.392.p.10
2. Investor protection is the strongest determinant of investor trust in the model with a path coefficient of 0.468.p.10
3. Investor trust significantly influences investment decision-making with a path coefficient of 0.421.p.10
4. Information transparency directly affects investment decision-making with a path coefficient of 0.214.p.10
5. Investor protection directly impacts investment decision-making with a path coefficient of 0.286.p.10
6. Investor trust partially mediates the impact of information transparency on investment decision-making with an indirect effect of 0.165.p.10
7. Investor trust partially mediates the impact of investor protection on investment decision-making with an indirect effect of 0.197.p.10