ADELANTE
Institutional Repository

This paper analyzes financial management students' investment decision-making process in investing applications, considering the mediating role of perceived risks. Specifically, the study employs mediation analysis to determine the effect of perceived risks on the relationship between investment decision-making and the use of investing applications. This paper conducted a face to face of 234 financial management students at the University of San Jose-Recoletos, utilizing a standardized questionnaire tested for validity and reliability. We use a simple random sampling technique to search for the participants. This study uses descriptive statistics such as frequency, mean, and variance. The study found respondents knew of their online activities' potential privacy, security, and fraud risks. Perceived privacy risk did not significantly impact investment decisions, but investors were greatly influenced by perceived security risk when making investment decisions. On the other hand, perceived fraud risk did not considerably influence investment decisions. Also, most are willing to use the service despite perceived threats such as Security Issues, Fraud, and Privacy Concerns.