Investment scam victimisation: A study of risk factor among Malaysian youth

• Main Authors: Tee, Yong Yi, Tan, Janice Yee Toong, Sin, Serene Jin Yen, Siew, Zhi Hang
• Format: Final Year Project / Dissertation / Thesis
• Published: 2024
• Subjects: HG Finance; HM Sociology
• Online Access: http://eprints.utar.edu.my/6358/1/Tee_Yong_Yi__Lead.pdf; http://eprints.utar.edu.my/6358/
• Institution: Universiti Tunku Abdul Rahman

Investment scams have resulted in several serious issues, including trust erosion, emotional distress, and financial losses that have impeded economic growth. To address these issues and uphold the integrity of the financial markets, a multifaceted strategy comprising community involvement, regulation, enforcement, and education is needed. This study examines the risk factors linked to youth victimisation in investment scams in Malaysia, with a particular emphasis on five major independent variables: financial literacy, risk tolerance, investment behaviour, the impact of offenders' persuasion, and the lack of capable guardians. Utilizing quantitative research techniques, information was gathered from a group of young Malaysians to investigate the connections between these factors and vulnerability to investment fraud. 400 respondents were chosen through the use of the quota sampling approach, and questionnaires were sent to them in order to gather data for this investigation. The Statistical Package for the Social Science (SPSS) version 16.0 was then used to perform Multiple Linear Regression Analysis. These findings highlight the significance of focused initiatives meant to improve financial literacy, encourage wise investing practices, and put in place efficient regulatory mechanisms to lessen the incidence and effects of investment scams among young people in Malaysia.