Financial Attitudes Research Articles

Pengaruh Sikap Keuangan, Pengalaman Keuangan dan Kepribadian terhadap Perilaku Pengelolaan Keuangan UMK di Kecamatan Lubuk Dalam Kabupaten Siak

This research aims to determine the influence of financial attitudes, financial experience and personality on the financial management behavior of MSEs in Lubuk Dalam District, Siak Regency. The method used in this research is quantitative descriptive analysis with the SmartPLS 4 program. The population in this research is all micro and small business actors in Lubuk sub-district, totaling 1648 MSE units, with a total sample of 94 MSE units. The data collection technique is through distributing questionnaires, while the variable measurement technique uses a Likert scale. Data analysis includes convergent validity test, discriminant validity test, reliability test, model fit test, coefficient of determination test, path coefficient test and hypothesis testing. The results of the analysis show that in general the financial attitudes, financial experience, personality and financial management behavior of MSEs in Lubuk District are very good. In addition, the results of this research show that (1) financial attitudes have a positive and significant effect on financial management behavior of MSEs in Lubuk Dalam District, (2) financial experience has a positive and significant effect on financial management behavior of MSEs in Lubuk Dalam District and (3) personality has a positive and significant effect on the financial management behavior of MSEs in Lubuk Dalam District. Keywords: Financial Attitudes, Financial Experience and Personality, Financial Management Behavior.

Managing Financial Life: Examining the Factors Impacting the Financial Literacy of Indonesian Students Studying Abroad

Introduction/Main Objectives: The number of Indonesian students who study abroad has expanded significantly during the past few decades. Nonetheless, the nation has a lot of variables that would assist in the growth of overseas students leaving the country in the future. Consequently, this study aims to investigate the variables influencing the financial literacy of Indonesian students participating in international exchange programs. This study empirically examines how students' financial behavior could be affected by their financial knowledge, financial attitude, and financial culture. It also tests how financial literacy can be directly influenced by financial behavior. Additionally, the mediating role of financial behavior has been evaluated. Background Problems: Notwithstanding the rise in the number of students enrolled in international programs, and the availability of such programs in educational institutions worldwide, these students will confront numerous obstacles and difficulties. A vital skill for these students to possess is financial literacy, since there is a lot of emphasis on cost-saving when pursuing higher education in a global setting. However, studies into financial literacy are noticeably lacking, particularly in emerging nations such as Indonesia. Novelty: The current paper adds to the limited studies concerning the financial life of international students by developing an integrated framework to examine the most crucial factors impacting the financial literacy of Indonesian students participating in international exchange programs. Research Methods: An online survey was conducted to gather the primary data from the respondents. The acquired data were analyzed using PLS-SEM. Finding/Results: The research findings showed that financial literacy was significantly impacted by financial behavior, which in turn was impacted by financial knowledge, financial attitudes, and financial culture. The relationship between financial knowledge, financial attitudes, financial culture, and financial literacy was found to be significantly mediated by financial behavior. Conclusion: The present work provides theoretical and managerial contributions regarding managing the financial life of international students in Indonesia.

Pengaruh Literasi Keuangan, Sikap Keuangan dan Tingkat Pendidikan terhadap Pengelolaan Keuangan UMKM Di Kecamatan Grokgak

Pengaruh Literasi Keuangan, Sikap Keuangan dan Tingkat Pendidikan terhadap Pengelolaan Keuangan UMKM Di Kecamatan Grokgak

Analysis of the Implication of Factors Affecting Gen Z E-Commerce Users’ Financial Management Behavior

This study aims to examine the factors that can influence financial management behavior of Gen Z in Surabaya. This study used quantitative methods and was sourced from primary data obtained from 300 respondents. The characteristics of respondents include part of Gen Z aged 19-26 years, using fintech, and using e-commerce. Then the data is processed using AMOS 25 software with Structural Equation Modeling (SEM) techniques. The resulting findings show that financial attitude, emotional quotient, and financial technology have a significant positive effect. This is because a good financial attitude will shape good financial behavior such as maintaining savings habits as well as recording expenses regularly. Apart from having a good view of finances, someone who has high emotional intelligence will easily manage money and motivate themselves to achieve financial prosperity in the future. Not only internal factors, technological modernization such as fintech will also make it easier to process transactions, record expenses and pay bills on time. While hedonism lifestyle and love of money show a significant negative effect. This is because someone who has a hedon lifestyle will more often waste money on consumption so their money management will be bad. In addition, someone who has a high love for money will result to greed and materialistic behavior. However, the gender variable produced findings of an insignificant influence on financial management behavior.

Financial Access and Financial Risk Attitudes towards Improving Microenterprise Performance

Microenterprise sector plays a pivotal role in driving economic growth in developing nations. This research aims to devise a financial literacy strategy that augments the performance of microenterprise customers of Indonesia's Shariah Microbank in DKI Jakarta. Improving the performance of micro businesses is not only the responsibility of Bank Syariah Indonesia but also the responsibility of many parties, namely the role of the government through the establishment of KNEKS and KDEKS which aim to increase sharia financial literacy and need to be supported by associations both the Sharia Economic Society (MES) and universities who are concerned with increasing sharia financial literacy which leads to improving the performance of micro businesses. This is achieved by investigating the determinants of microenterprise performance, focusing on the financial literacy of the customers availing microfinance services from the said bank. This study adopts a quantitative approach and employs Structural Equation Modeling (SEM) to analyze data, with financial access as mediating variables. The results are further evaluated through Strengths, Weaknesses, Opportunities, and Threats (SWOT) analysis—a robust research technique for identifying obstacles and refining effective strategies. The study comprises a sample of 500 microenterprise operators who are clients of the Shariah Microbank in DKI Jakarta. The analysis reveals the following insights: (1) Financial literacy exhibits a positive and moderate influence on the microenterprise performance of Shariah Microbank customers in DKI Jakarta. (2) Financial access demonstrates a positive and moderate impact on microenterprise performance. (3) Financial literacy exhibits a positive and moderate effect on financial access. (4) financial literacy has a positive and moderate effect on financial risk attitudes, (5) financial risk attitudes have positive an insignificant effect on micro business performance, (6) financial literacy through financial access as a mediating variable has a positive and moderate effect on micro business performance, (7) financial literacy through financial risk attitudes variables have positive an insignificant affect the performance of micro business enterprises. This encompasses strategic programs including: (1) Financial proficiency through collaborative Shariah microfinance training within the Islamic Ecosystem and expansion and optimization of the BSI Microentrepreneur Center; (2) Financial attitude and behavior enhancement via workshops on Shariah microfinancial planning and mentorship by BSI personnel for microenterprise operators; (3) Financial access enhancement through intensified digitalization of Shariah microfinancial services and integration of bundled products and services (e.g., incorporating licensing and halal standardization).

Role of self-control, financial attitude, depression, anxiety, and stress in predicting consumers' online shopping addiction.

Online shopping addiction is a behavior that creates serious problems and has become increasingly prevalent in modern society. When addressing online shopping addiction, the direct or indirect causes of individuals' shopping actions must be taken into consideration. The present study aims to examine the effects of self-control, financial attitude, depression, anxiety, and stress on online shopping addiction by determining online shopping addiction, self-control, and financial attitude levels of consumers. The sample of this study consists of 694 voluntarily participating consumers selected through convenience sampling methods from a city in Türkiye. Data were collected through Google Forms and uploaded to the SPSS 25.0 package program. During the research process, the relationship patterns between self-control, financial attitude, depression, anxiety, and stress on online shopping addiction were examined by using structural equation modeling. It was determined in this study that consumers have moderate levels of financial attitude and self-control, and low levels of online shopping addiction. Given the results related to the relationships and hypotheses between variables, anxiety, depression, and financial attitude were found to have statistically significant effects on online shopping addiction, whereas stress and self-control were found to not have a significant effect. Within the scope of this study, it was identified that anxiety and depression positively affect online shopping addiction, whereas financial attitude has a negative effect.

Pengaruh Literasi Keuangan dan Sikap Keuangan Terhadap Perilaku Keuangan Pada Mahasiswa Universitas Sebelas Maret dengan Gender Sebagai Variabel Moderasi

This study aims to determine the effect of financial literacy on financial behavior with gender as a moderation variable. The sampling technique uses non-probability sampling techniques, namely purposive sampling with a sample of 364 UNS students consisting of the Faculty of Economics and Business (Development Economics, Accounting, Management) and the Faculty of Teacher Training and Education (Economic Education, Accounting, Office Administration). Test validity using product moment and reliability test using Cronbach's alpha. Data collection using questionnaires with Likert scale which is further converted to dummy variables and the data analysis used is binary logistic analysis. The results of this study obtained that: 1) Financial literacy has a positive and significant effect on financial behavior in UNS students; 2) Financial attitudes have a positive and significant effect on financial behavior in UNS students; 3) Male gender strengthens the relationship between the influence of financial literacy and financial attitudes on financial behavior in UNS students; 4) Women's gender strengthens the relationship between the influence of financial literacy and financial attitudes on financial behavior in UNS students

The mediating role of locus of control: Financial knowledge and financial attitude on financial management behavior

Purpose-Currently, individual behavior in managing finances, especially in the younger generation, needs attention. The ease of financial access can provide both positive and negative aspects. This study aimed to ascertain how financial knowledge and attitudes through locus of control can influence financial management behavior. Design/Methodology/Approach-Modeling structural equations using Smart PLS 4.0 are the data processing techniques used in this study. This study examines the impact of the indicators of each of these variables on the objects of students of the Faculty of Economics and Business in Yogyakarta, Indonesia. By distributing questionnaires, the researchers were able to collect data from up to 98 respondents. Findings-The study's findings suggest that although financial attitudes have a direct impact on financial behavior management, financial knowledge has no direct impact on financial behavior management behavior. Financial attitudes and knowledge have been demonstrated to directly affect locus of control. It has also been demonstrated that locus of control directly affects money management behavior. Furthermore, it has been demonstrated that locus of control mediates the relationship between financial knowledge and financial management behavior, but not the relationship between financial attitudes and financial management conduct. Research limitations/implications-The findings of this research are expected to be a reference and basis for knowledge, especially for the younger generation, who are expected to understand that to foster good financial management behavior, there are many things that must be considered. This study shows that financial knowledge, financial attitudes, and locus of control are elements that can influence financial management behavior. Originality/value-There is still very little research on financial management behavior in the younger generation, especially among students of the Faculty of Economics and Business in Yogyakarta, Indonesia. This study revealed factors that allegedly had an impact on the financial management behavior of students of the Faculty of Economics and Business in Yogyakarta, Indonesia.

The Influence of Financial Literacy on Family Financial Management: Case Study of Vocational School Teachers of Ermera Municipality

This research aims to analyze the influence of financial attitude on financial management, (2) to analyze the influence of financial behavior on financial management, and (3) to analyze the influence of financial knowledge on financial management. The sample in this study used 62 respondents. The sampling technique in this research used the Proportional Random Sampling technique by lottery. The results are based on the hypothesis test results that (1) Financial attitudes have a positive and significant effect on financial management among vocational school teachers in Ermera Municipality which cannot be accepted or rejected, (2) Financial behavior has a positive and significant effect on financial management for Vocational School Teachers in Ermera Municipality can be accepted, and (3) Financial knowledge has a positive and significant effect on financial management for Vocational School Teachers in Ermera Municipality cannot be accepted or rejected.

The Influence of Factors on Sharia Financial Management Behavior: SEM Approach

The high muslim population and the trend of halal living have resulted in increasing interest and growth in the islamic finance industry today. For every individual and company, financial management behavior is an important factor in making good financial decisions, especially in the context of Islamic finance. This research was conducted to find out whether factors such as sharia financial literacy, halal lifestyle, help seeking, locus of control, and sharia financial attitudes have an influence on sharia financial management behavior. This study involved 226 respondents from the JABODETABEK area who were at least 18 years old. The data were analyzed using SEM-PLS method. The results showed that all these factors have a positive correlation with sharia financial management behavior. However, when talking about a halal lifestyle, this research concludes that this halal lifestyle has a significant impact on sharia financial management behavior with sharia financial attitudes as moderation. The findings of this research provide important implications for the JABODETABEK region in developing strategies to increase sharia financial inclusion. Apart from that, this research can also be a reference for further research in the same field and contribute to a deeper understanding of related theories.

Peran Locus of Control Sebagai Variabel Intervening dalam Pengaruh Pengetahuan Keuangan dan Sikap Keuangan terhadap Perilakui Pengelolaan Keuangan pada UMKM

This research aims to examine the influence of financial knowledge, financial attitudes, and locus of control as intervening variables on UMKM in the Purwokerto area. The method used in sampling was probability sampling and the number of samples in this study was 100 respondents. Data analysis in this research uses the classical assumption test, multiple linear regression (t test), coefficient of determination and path analysis. The research results show that financial knowledge and financial attitudes directly have a positive and significant effect on locus of control. Financial attitude has a positive and significant effect on financial management behavior, while financial knowledge and locus of control have no effect on financial management behavior. Locus of control is not able to mediate the influence of financial knowledge on financial management behavior and locus of control is able to mediate the influence of financial attitudes on financial management behavior.

Peran Mediasi Faktor Demografi pada Pengaruh Financial Attitude, Locus of Control dan Financial Knowledge Terhadap Personal Financial Management Behavior: Study Kasus pada Pegawai Tetap Universitas Muhammadiyah Sumatera Utara

Research aims to testing the influence of financial attitudes, Locus of Control, financial knowledge on the behavior of personal financial management through the role of mediation factors of demographics focusing on age and working period of respondents studied. The population of this research is the remaining employee of the University of Muhammadiyah North Sumatra, which amounted to about 300. SPRESSING SCHAMED ABDER 75 respondents with Slovin formula to know the number of respondents is the employee remains University of Muhammadiyah North Sumatra. Methods of data collection wears a questionnaire. Data analysis using SmartPLS 4.1.0.0. The results of research, financial knowledge has a positive effect on demographic factors, financial knowledge has a positive effect on personal financial management behavior, and Locus of Control has a positive effect on behavior of personal financial management. Private personnel behavior is very important in life. Each individual has a certain level of financial knowledge to help apply the behavior of personal financial management. In addition, each individual is endowed with intelligence and level of personal financial knowledge that enables them to perform activities in financial management. Financial knowledge greatly has an effect on personal financial management behavior. The better financial knowledge, the better also financial management. A person's decision in financial management is also inseparable from the role of demographic factors of age and work. Age also affects the decision in the behavior of personal financial management. The higher the age and effort of individuals will be better as well as in the management of personal finances and can be more focus in the short-term and long-term personal management of the applicable appearance in the form of behavior

Pengaruh Literasi Keuangan dan Sikap Keuangan terhadap Pengelolaan Keuangan Pribadi Mahasiswa FEB Universitas Kristen Satya Wacana

Developments in this era really support changes in human life, for example technological developments which have an impact on the lifestyle of the younger generation. In other words, the younger generation needs to know how to manage finances well. Meanwhile, there are still many young people, especially students, who are mostly not good at managing their finances. This research is therefore needed to determine personal financial management in terms of financial literacy and student financial attitudes. Research questionnaires were distributed to 226 FEB UKSW students class of 2020, then the data was tested using the multiple regression method, with the help of SPSS 23 software. The results of the analysis prove that there is an influence between financial literacy and financial attitudes on personal financial management in students simultaneously.

Empowering futures: A financial literacy assessment among graduate students at Tribhuvan university

The purpose of this study is to assess the level of financial literacy among graduate students. The focus is on exploring the relationship between financial literacy and three key factors: financial attitude, financial knowledge, and financial behavior. The study targeted graduate students at Tribhuvan University's Faculty of Management (FOM) in Kathmandu valley with 710 students receiving a structured questionnaire. Total of 427 valid responses were received, establishing the sample for analysis. Descriptive and relational research designs was adopted for the analysis. Data was collected through a structured questionnaire, reflecting participants' financial attitudes, knowledge, and behaviors. The study concludes that there exists a positive association between the levels of students' financial attitudes, knowledge, and behaviors with their financial literacy. Additionally, the research findings reveal a significant and positive impact of financial attitude, knowledge, and behavior on financial literacy. Government authorities will utilize findings of the study for the development of policies aimed at enhancing financial literacy programs in Nepal. Banking and Financial Institutions (BFIs), Microfinance Institutions (MFIs) as well as regulators can use the insights to modify financial literacy programs that address the specific needs identified in the study. Professors, teachers, and trainers can incorporate with the study's results for curriculum planning, designing courses to foster financial attitudes, knowledge, and behaviors among graduate and post-graduate students.

Parents’ financial socialization or socioeconomic characteristics: which has more influence on Gen-Z’s financial wellbeing?

This research aims to explore the effectiveness of various approaches for promoting financial wellbeing among Gen-Z, with a particular focus on the parental role in shaping financial attitudes and behavior, using the theoretical lens of family financial socialization theory. The study utilized a mixed-methods approach to obtain in-depth findings on parental financial socialization and parental socioeconomic characteristics for Gen-Zs’ financial wellbeing. The qualitative findings revealed that parents use different strategies to financially socialize children by involving them in savings, financial decisions, and household and personal finances. Furthermore, it is found that parents are more inclined to teach daughters than sons about finances because of the expectations that females handle the household finances. Likewise, quantitative findings revealed that the father’s education level negatively influences Gen-Z’s financial attitude. This study strengthens the concept of family socialization and establishes a ground to explore potential mechanisms of action and implications for future research and practice.

The Impact of Parental Financial Teaching on University Students’ Financial Attitudes: The Mediating Role of Self-Control

The Impact of Parental Financial Teaching on University Students’ Financial Attitudes: The Mediating Role of Self-Control

A STUDY ON GENDER DIFFERENCES IN FINANCIAL LITERACY

Financial Literacy is the basic understanding of personal finance. With the increase in complexity of the financial market the need for financial literacy has become more and more important. Financial literacy helps an individual to make informed financial decision. The study aims to identify the differences in financial literacy level of the male and female respondents. KEYWORDS: Financial Literacy, Financial Knowledge, Financial Behaviour, Financial Attitude

Assessment of Financial Literacy of Public Schools Teachers: Generation X, Y and Z

Financial literacy is an important social skill, especially among teachers who play an important role in shaping the educational environment. This study focuses on three specific generations of teachers, Generation X, Generation Y (Millennials), and Generation Z (iGen), and aims to assess their financial literacy levels. The primary goal is to identify differences in financial literacy by generation by examining conceptual knowledge, financial behavior, and financial attitudes and awareness. A descriptive - comparative research design was used to survey teachers in the Department of Education – School Division Office of Cotabato. The sample consisted of teachers from Generation X, Generation Y and Generation Z. Quota - convenience sampling was used to collect a sample of 150 respondents, with a default quota of 50 respondents from each generation. The study used statistical analysis using one-way ANOVA to identify differences in financial literacy levels across generations. The findings revealed that all three generations exhibit high levels of financial literacy across dimensions of conceptual knowledge, financial behavior, and financial attitudes and awareness. However, there were statistically significant differences between Generations Y and Generation Z in terms of financial attitudes and awareness, while no significant differences were found in Generation X and Y or Generation X and Z. In conclusion, teachers in the Department of Education – School Division Office of Cotabato independently showcase commendable financial literacy across generations.

Exploring the Influence of Social Media on Financial Literacy among Millennials and Assessing the Gender Gap

The purpose of this study is to investigate how social media influences financial literacy among millennials, as well as to analyze the gender difference in financial knowledge and behavior within this group. Given the increasing integration of social media into millennials' daily lives, these platforms have the potential to significantly influence their understanding of financial matters. The study will examine how social media content, interactions, and trends influence millennials' financial knowledge, attitudes, and behaviors, particularly in detecting gender differences in financial literacy. Data on millennials' social media usage patterns, financial awareness levels, and attitudes toward money management will be gathered using a combination of quantitative surveys and qualitative interviews. The purpose of this research is to identify links between social media exposure and financial literacy results, as well as disparities in financial behaviors across male and female millennials. Finally, the findings will help to better understand the impact of social media on financial literacy and suggest ways for closing the gender gap in financial awareness and decision-making among millennials. Keywords: Social Media, Financial literacy, Millennials, Gender gap, Financial Knowledge, Financial Behavior, Social media influence, Financial attitudes, Financial management, Financial decision-making, Social media content

Pengaruh Literasi Keuangan dan Sikap Keuangan terhadap Perilaku Pengelolaan Keuangan Keluarga: Studi Kasus di Desa Tegalmojo

In managing household finances, apart from household financial management behavior, financial literacy and financial attitudes are also important for families. This research aims to find out how financial literacy and financial attitudes influence family financial management behavior. This research uses a descriptive quantitative approach sourced from two data, namely primary and secondary data. The research was conducted in Tegalmojo Village with data collection using 285 questionnaires. The sampling technique was purposive sampling which was used and 100 respondents obtained questionnaires that could be used. This research uses data analysis techniques, namely multiple linear regression analysis including instrument tests, classical assumption tests, T tests, F tests, and coefficient of determination with the IBM SPSS 22 program. The results of this research show that financial literacy has a significant positive effect on family financial management behavior. and financial attitudes also have a significant positive effect on family financial management behavior. The Coefficient of Determination produces financial literacy and financial attitudes that simultaneously influence family financial management behavior.