Investment scam vulnerability among university students: the role of personality traits and risk tolerance
This study demonstrates that personality traits affect investment scam vulnerability, either directly or indirectly, through risk tolerance. This study uses the Big Five personality traits, specifically openness to experience, conscientiousness, extraversion, agreeableness, and neuroticism. This stu...
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| Format: | Article |
| Language: | English |
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Taylor & Francis Group
2025-12-01
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| Series: | Cogent Education |
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| Online Access: | https://www.tandfonline.com/doi/10.1080/2331186X.2025.2464309 |
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| _version_ | 1849689834040328192 |
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| author | Elisa Tjondro Cherrylia Ester Yovita Gisella Sardjono Adhityawati Kusumawardhani |
| author_facet | Elisa Tjondro Cherrylia Ester Yovita Gisella Sardjono Adhityawati Kusumawardhani |
| author_sort | Elisa Tjondro |
| collection | DOAJ |
| description | This study demonstrates that personality traits affect investment scam vulnerability, either directly or indirectly, through risk tolerance. This study uses the Big Five personality traits, specifically openness to experience, conscientiousness, extraversion, agreeableness, and neuroticism. This study collected data by randomly distributing surveys to students from A-accredited universities in Java and Bali, Indonesia, areas known for their economic growth. The study analysed 421 respondents aged 18–24 years old at undergraduate and graduate levels using the partial least squares method. Our findings reveal a negative correlation between the conscientiousness trait and scam vulnerability. The ability of conscientiousness-type respondents to obtain quality and relevant information prevents them from making impulsive investments. This study also finds that students with high openness to experience, extraversion, and neuroticism traits increase their vulnerability to scams through risk tolerance. These types of personality traits cause the individual to tolerate more risky investments, thereby increasing their susceptibility to investment fraud. There is still limited research that connects personality traits, risk tolerance, and scam vulnerability. In addition, this study is able to expand the boundaries of the Big Five personality theory. |
| format | Article |
| id | doaj-art-a9de99883a8f4ee49a47c2e73efeee11 |
| institution | DOAJ |
| issn | 2331-186X |
| language | English |
| publishDate | 2025-12-01 |
| publisher | Taylor & Francis Group |
| record_format | Article |
| series | Cogent Education |
| spelling | doaj-art-a9de99883a8f4ee49a47c2e73efeee112025-08-20T03:21:30ZengTaylor & Francis GroupCogent Education2331-186X2025-12-0112110.1080/2331186X.2025.2464309Investment scam vulnerability among university students: the role of personality traits and risk toleranceElisa Tjondro0Cherrylia Ester1Yovita Gisella Sardjono2Adhityawati Kusumawardhani3Department of Accounting, School of Business and Management, Petra Christian University, Surabaya, IndonesiaDepartment of Accounting, School of Business and Management, Petra Christian University, Surabaya, IndonesiaDepartment of Accounting, School of Business and Management, Petra Christian University, Surabaya, IndonesiaDepartment of Accounting, School of Business and Management, Petra Christian University, Surabaya, IndonesiaThis study demonstrates that personality traits affect investment scam vulnerability, either directly or indirectly, through risk tolerance. This study uses the Big Five personality traits, specifically openness to experience, conscientiousness, extraversion, agreeableness, and neuroticism. This study collected data by randomly distributing surveys to students from A-accredited universities in Java and Bali, Indonesia, areas known for their economic growth. The study analysed 421 respondents aged 18–24 years old at undergraduate and graduate levels using the partial least squares method. Our findings reveal a negative correlation between the conscientiousness trait and scam vulnerability. The ability of conscientiousness-type respondents to obtain quality and relevant information prevents them from making impulsive investments. This study also finds that students with high openness to experience, extraversion, and neuroticism traits increase their vulnerability to scams through risk tolerance. These types of personality traits cause the individual to tolerate more risky investments, thereby increasing their susceptibility to investment fraud. There is still limited research that connects personality traits, risk tolerance, and scam vulnerability. In addition, this study is able to expand the boundaries of the Big Five personality theory.https://www.tandfonline.com/doi/10.1080/2331186X.2025.2464309Personality traitsrisk tolerancescam vulnerabilityinvestment scamscam susceptibilityUniversity students |
| spellingShingle | Elisa Tjondro Cherrylia Ester Yovita Gisella Sardjono Adhityawati Kusumawardhani Investment scam vulnerability among university students: the role of personality traits and risk tolerance Cogent Education Personality traits risk tolerance scam vulnerability investment scam scam susceptibility University students |
| title | Investment scam vulnerability among university students: the role of personality traits and risk tolerance |
| title_full | Investment scam vulnerability among university students: the role of personality traits and risk tolerance |
| title_fullStr | Investment scam vulnerability among university students: the role of personality traits and risk tolerance |
| title_full_unstemmed | Investment scam vulnerability among university students: the role of personality traits and risk tolerance |
| title_short | Investment scam vulnerability among university students: the role of personality traits and risk tolerance |
| title_sort | investment scam vulnerability among university students the role of personality traits and risk tolerance |
| topic | Personality traits risk tolerance scam vulnerability investment scam scam susceptibility University students |
| url | https://www.tandfonline.com/doi/10.1080/2331186X.2025.2464309 |
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