Religiosity and Risk Perception in Investment Decision Making on Gender Perspective

Entrepreneur activities bring a great contribution to economy creativities. Indonesia has the majority of Moslem and some of them run their own business. Islam encourages entrepreneurship. Purpose of this research is to investigate the influence of religiosity and risk perception in investment decision making on gender perspective. There are two independent variables namely religiosity and risk perception, while dependent variable is investment decision making, and gender as moderator. By using questionnaires that 110 Muslims entrepreneurs Sidoarjo, the collected data are analyzed by Generalized Structured Component Analysis (GeSCA). Descriptively, respondents still have not been fully applying religiosity. Respondents also tend to have high risk perception. The result showed that religiosity and risk perception have no effect on investment decision making. Gender also did not find as a moderator. It was mean that men and woman has the same perception on risk when they made investment decisions