Investment literacy, social influence and undergraduates' readiness to invest: dataset from Malaysia

Zairihan Abdul Halim; Muhammad Nukman Zolkefli; Suhal Kusairi; Safwan Mohd Nor; Nur Haiza Muhammad Zawawi; Muhammad Najit Sukemi

doi:10.1016/j.dib.2020.106700

Investment literacy, social influence and undergraduates' readiness to invest: dataset from Malaysia

Data Brief. 2020 Dec 26:34:106700. doi: 10.1016/j.dib.2020.106700. eCollection 2021 Feb.

Authors

Zairihan Abdul Halim¹, Muhammad Nukman Zolkefli¹, Suhal Kusairi¹, Safwan Mohd Nor^{1

2}, Nur Haiza Muhammad Zawawi¹, Muhammad Najit Sukemi¹

Affiliations

¹ Faculty of Business, Economics, and Social Development, Universiti Malaysia Terengganu, 21030 Kuala Nerus, Terengganu, Malaysia.
² Victoria Institute of Strategic Economic Studies (VISES), Victoria University, City Flinders Campus, Melbourne, Victoria 3000, Australia.

Abstract

Since the launch of the InvestSmart™ initiative in 2014, the government agencies in Malaysia have been actively engaging community and university students via their outreach programs to promote investment literacy. Given this background, the state of the investment literacy of Malaysian undergraduates and their readiness to invest is intriguing. Therefore, this article offers a dataset of Malaysian undergraduates' readiness to invest and the role that investment literacy and social influence play in their readiness to invest. Using a non-probability sampling technique, 500 undergraduate students in Malaysia were engaged to participate voluntarily in this survey. Descriptive statistics are presented in this paper. The dataset provides insights into the current state of investment literacy among Malaysian undergraduates, the sources of information on stock investment, and the readiness of these undergraduates to participate in the stock market.

Keywords: Demography; Investment literacy; Readiness; Stock investment; Young adults.