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

• Main Authors: Zairihan Abdul Halim, Muhammad Nukman Zolkefli, Suhal Kusairi, Safwan Mohd Nor, Nur Haiza Muhammad Zawawi, Muhammad Najit Sukemi
• Format: Article
• Language: English
• Published: Elsevier 2021-02-01
• Series: Data in Brief
• Subjects: Investment literacy; Stock investment; Demography; Readiness; Young adults
• Online Access: http://www.sciencedirect.com/science/article/pii/S2352340920315791

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.