DIGITAL INFLUENCE: MEDIA EXPOSURE, RISK PERCEPTION, AND INVESTMENT DECISIONS OF YOUNG INVESTORS IN BANGKOK
DOI:
https://doi.org/10.14456/aamr.2025.44Keywords:
Investment Behavior, Media Exposure, Risk Awareness, Financial Literacy, Young InvestorsAbstract
This study explores the intricate relationships between media exposure, risk awareness, and investment behaviors among young adults (aged 23-29) in Bangkok, Thailand. Analyzing data from 416 survey respondents using ANOVA and Pearson's correlation, the research reveals that marital status and occupation have a significant effect on levels of media exposure, which is positively correlated with investment awareness. Increased investment awareness is positively associated with favorable investment attitudes and proactive investment behaviors. The study identified specific content preferences with real estate investment as the most favored, followed by investment advice and financial market knowledge. The research highlights the importance of developing tailored communication strategies through targeted media channels to convey relevant financial information effectively. Furthermore, the findings advocate for prioritizing comprehensive financial education over trend-driven promotion to mitigate investment risks, ultimately fostering financial sustainability among urban Thai youth.
Downloads
References
Benjarongkij, Y. (1999). Audience Analysis. Bangkok: Chulalongkorn University Press.
Hengtragul, J. (2025). Keeping pace with investment trends in the era of social media and Finfluencers. Bangkok: The Stock Exchange of Thailand.
International Network on Financial Education. (2011). Measuring financial literacy - Core questionnaire in measuring financial literacy: Questionnaire and guidance notes for conducting an internationally comparable survey of financial literacy. Paris: Organisation for Economic Co-operation and Development.
Jokhu, J. (2023). Decoding Young Investor Behavior: Digital Influencer Affects on Generation Z Intention to Invest in Stock. Jawa Barat: Lentara Ilmu Madani.
Klapper, J. (1960). The Effects of Mass Communication. Illinois: Free Press.
Lieosakul, P. (2021). Exposure and Attitude of Middle-Income Investors Toward Mutual Fund Investment Media and Content. Master of Arts Thesis, National Institute of Development Administration.
Lim, T., & Qi, P. (2023). Investigating the antecedents of investment intention and the mediating effect of investment self-efficacy among young adults in Shandong, China. Global Business and Finance Review, 28(2), 1-16.
Mouna, A., & Anis, J. (2015). A study on small investors’ sentiment, financial literacy and stock returns: Evidence for emerging market. International Journal of Accounting and Economics Studies, 3(1), 10-19.
Official Statistics Registration Systems. (2024). Population statistics in Thailand. Retrieved from https://stat.bora.dopa.go.th/stat/statnew/statMenu/newStat/home.php.
Pandurugan, V., & Al Shammakhi, B. (2024). Modelling the Theory of Planned Behaviour to Evaluate the Investment Intention of Generation Z in the Speculative Market: Stocks, Forex and Cryptocurrencies. Arab Gulf Journal of Scientific Research, 42(4), 1900-1916.
Papa-Chen, Z., & Lofredo, M. (2024). Awareness, Knowledge, and Attitude of Filipino Millennials in Metro Manila towards the Philippine Stock Market Investment and Global Stock Market Investment: A Gap Analysis Study. Master of Business Administration Thesis, St. Paul University Quezon City.
Photthanabanterng, T. (2016). Factors influencing investment behavior in the stock market among working-age investors in Bangkok. Master’s Thesis, Srinakharinwirot University.
Prasetyo, A., & Rahadi, R. (2022). A Conceptual Study on the Influence of Financial Literacy and Behavioral Biases on Generation Z Investment Decision Making in the Stock Market. Himalayan Journal of Economics and Business Management, 3(1), 1-11.
Qadri, S., & Shabbir, M. (2014). An Empirical Study of Overconfidence and Illusion of Control Biases, Impact on Investor’s Decision Making: An Evidence from ISE. European Journal of Business and Management, 6(14), 38-44.
Sajeev, K., Afjal, M., Spulbar, C., Birau, R., & Florescu, I. (2021). Evaluating the linkage between behavioural finance and investment decisions amongst Indian Gen Z investors using structural equation modeling. Revista de Stiinte Politice, (72), 41-59.
Sakornsukkit, K. (2022). Investor interest in sustainable stocks. Bangkok: The Stock Exchange of Thailand.
Temsumrit, N. (2023). Financial Literacy, Investment Behavior and Risk Perception of Financial Assets in Different Generations. Bangkok: Capital Market Development Fund.
The Stock Exchange of Thailand. (2022). Asset allocation based on the investment pyramid principles. Retrieved from www.setinvestnow.com/th/knowledge/article/93-tsi-asset-allocation-based-on-the-investment-pyramid-principles.
Wongsrikaew, K. (2019). News exposure, awareness, and saving-related behaviors among undergraduate students in Bangkok. Bangkok: Dhonburi Rajabhat University.
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2025 Rattanawadee SETTHAJIT, Anongluk SOMPAENG

This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.







