Financial Management Behavior Research Articles

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 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.

Financial stress among college students: New data about student loan debt, lack of emergency savings, social and personal resources

AbstractWe provide updated results about the link between student loan debt and emergency savings with financial stress, and after conditioning for differences in social and personal resources. We use the stress process model framework and data from the 2020 Study on Collegiate Financial Wellness (N = 25,310) to estimate ordered probit regression models. The 2020 data confirm that students report higher levels of stress if they hold more loan debt and have lower emergency savings. Students with higher levels of financial socialization and financial self‐efficacy experience less financial stress and experience more stress when they report both positive and negative financial management behaviors. Among student‐borrowers, the role of social and personal resources is weakened. The data confirm ongoing financial stress among college students and points to the important role of financial socialization through parents and financial skill in students' ability to cope with financial stress.

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

Management Behavior of Online Users: Testing the Role of Financial Literacy as a Moderating Variable

This research was conducted to examine the Influence of Pocket Money, Financial Self-Efficacy, Self-Control, and Religiosity on the Financial Management Behavior of Online Loan Users with Financial Literacy as a Moderation Variable. Criteria for sample selection in this study include students who are currently or have taken financial management courses at the Faculty of Economics at Universitas Islam Negeri Maulana Malik Ibrahim Malang. Data collection techniques used a questionnaire. The total sample used in this study was 106 respondents using the non-probability sampling method, namely purposive sampling. This research used a quantitative analysis approach using Partial Least Square (PLS). The results show that pocket money, self-control, and religiosity affect financial management behavior. Beside it, financial self-efficacy does not affect financial management behavior. Financial literacy does not moderate the influence of pocket money, financial self-efficacy self-control, and religiosity on financial management behavior.

PENGARUH FINANCIAL KNOWLEDGE DAN PARENTAL INCOME TERHADAP FINANCIAL MANAGEMENT BEHAVIOUR MAHASISWA JURUSAN MANAJEMEN UNIVERSITAS KRISTEN MARANATHA BANDUNGRUSAN MANAJEMEN UNIVERSITAS KRISTEN MARANATHA BANDUNG

The purpose of this study was to examine and analyze the influence of Financial Knowledge and Parental Income on the Financial Management Behavior of students majoring in management at Maranatha Christian University, Bandung. This research is a quantitative research. Sampling was carried out purposively on 56 students majoring in management at Maranatha Christian University, Bandung. The results of the study with multiple regression analysis show that Financial Knowledge has an effect on Financial Management Behavior, while Parental Income has no effect on Financial Management Behavior. Financial Knowledge and Parental Income together influence Financial Management Behavior. It is recommended for future researchers to add or substitute other variables to replace the income variable, and add a larger and more diverse sample size, not only among students. The implication of this research is that students majoring in management need to apply financial knowledge on a daily basis and in financial planning courses there is a need to practice financial knowledge

자산관리 앱의 기능이 재무관리 태도와 행동, 재무웰빙에 미치는 영향

자산관리 앱의 기능이 재무관리 태도와 행동, 재무웰빙에 미치는 영향

The Influence of Financial Literacy and Financial Attitude on Financial Management Behavior

The Influence of Financial Literacy and Financial Attitude on Financial Management Behavior

Financial Management Behavior of Millennials

Finance is an important aspect of our daily lives. Managing our finances well can help us achieve our financial goals, face financial challenges, and build a more financially stable future. Financial management in the millennial generation is not yet optimal, there are still many problems faced, including high levels of debt, consumer lifestyle, lack of understanding about investment, changes in lifestyle and consumption patterns. This research study uses qualitative methods. This research study involved 3 informants to provide information related to the study carried out. The findings from this research are that the millennial generation has a diverse understanding of financial management, investment and debt management, the millennial generation shows a combination of internal and external locus of control in financial management and the COVID-19 pandemic has brought significant changes in expenditure, income, and the financial habits of the millennial generation. They are more careful in managing their finances, prioritizing important expenses, and strengthening long-term financial preparations.

Pengetahuan dan Sikap Keuangan: Perspektif Manajemen Keuangan dan Financial Self-Eficacy di Lingkungan Desa

This research was conducted to determine the factors that influence the Financial Management Behavior of Women Empowering Family Welfare in Sukomulyo Village. This research aims to analyze the influence of Financial Knowledge and Financial Attitude variables on Financial Management Behavior with Financial Self-efficacy as a mediating variable among Mothers who are Family Welfare Empowerment (PKK) Administrators in Sukomulyo Village, Manyar District, Gresik Regency. The type of research used is quantitative with data analysis techniques using PLS (Partial Least Square) analysis with the SmartPLS program. The population and sample used in this research were the Family Welfare Empowerment (PKK) administrators at the Sukomulyo Village Community Association, totaling 135 respondents. The research results show that Financial Knowledge and Financial Attitudes have a positive effect on Financial Management Behavior. Apart from that, both also have a positive effect on Financial Self-efficacy, which in turn also influences Financial Management Behavior. Financial Self-efficacy also functions as a mediating variable, which connects Financial Knowledge and Financial Attitudes with Financial Management Behavior. These findings emphasize the importance of having good Financial Knowledge, a positive Financial Attitude, and strong Financial Self-efficacy in forming wise financial management behavior among mothers in the village.

Financial Capability, Financial Well-Being, and Life Satisfaction of Women in an Emerging Economy

Life satisfaction depends on several life aspects, such as relationships, achievements, health, and work satisfaction. Theorists and experts contend that domain-specific factors and behaviors predict domain-specific satisfaction. Our study examines life satisfaction from the standpoint of behavior finance indicators by incorporating financial capability factors such as financial literacy, financial management behavior, and financial self-efficacy as antecedents to financial satisfaction and financial stress. Financial satisfaction and financial stress are further assumed to predict life satisfaction. Data are collected from 308 working women using a self-administered questionnaire in three different waves in Pakistan. By examining the fitness of the measurement model, we proceeded toward path analysis of the structural equation model. All the hypothesized relationships are supported except the paths between financial literacy to financial stress and financial management behavior to financial satisfaction. The results and implications are presented based on the findings of the study.

Muslims' Financial Management Behavior during Covid-19 Pandemic in Indonesia and Malaysia

The COVID-19 pandemic has negatively impacted the order of life worldwide, including Indonesia and Malaysia. This study aims to capture the financial management behaviour of Muslims in Indonesia and Malaysia during the pandemic and the relation between demographic profile and financial management behaviour. This research is quantitative research utilising the chi-square test. 427 data were collected using a closed questionnaire distributed to respondents who fit the research criteria. The result concludes that both countries exhibit similar financial management behaviour. Moreover, financial management behaviour is related to monthly income in both countries.

ADOPTION OF I-FINTECH IN PROMOTING SUSTAINABLE ENTREPRENEURSHIP: EVIDENCE FROM SMES IN SELANGOR, MALAYSIA

i-FinTech is devoted to companies or entrepreneurs that combine financial services with recent, advanced technologies that comply with Shariah. However, SME’s usually have limited resources in finance, skilled entrepreneurs, in-house knowledge or management. This study aims to identify whether financial literacy elements influence the adoption of i-FinTech and subsequently lead to sustainable entrepreneurship among Bumiputera SMEs in Selangor, Malaysia. A quantitative technique was employed through the use of 88 surveys distributed using convenience sampling method to Bumiputera SMEs’ entrepreneurs. The data is analysed using mediation analysis through SPSS Process Macro Model 4. The results shows that i-Fintech adoption is positively and significantly influence by financial literacy and digital financial literacy. Contrary, financial management behavior is negatively influence i-Fintech adoption. Further, this study reveals that i-Fintech adoption has a complementary mediation role in the association between financial literacy and digital financial literacy towards sustainable entrepreneurship. This result indicates that Bumiputera entrepreneurs who possess both financial literacy and digital financial literacy are more likely to adopt i-FinTech, and finally end up contributing significantly to sustainable entrepreneurship. The findings should help entrepreneurs, i-Fintech service providers, researchers and regulators to have better understanding of the dynamics between the potential of i-FinTech and sustainable entrepreneurship. It is suggested that SMEs to continue to take advantage of i-fintech in carrying out their business activities to avoid the impact of business downturn and the smooth running of their business.

The Influence of Financial Knowledge, Financial Experience, and Income on Financial Management Behavior of Civil Servants in Pontianak City

This research aims to determine the influence of financial knowledge, financial experience and income on the financial management behavior of civil servants in the city of Pontianak. This type of research uses an associative research method. The population in this study were civil servants in 16 government agencies in Pontianak City, totaling 150 people. The sampling technique uses non-probability sampling. The data analysis tools used in this research are multiple linear regression analysis, multiple correlation coefficient (R), coefficient of determination (R2), simultaneous test (F test) and partial test (t). The results of this research show that the multiple linear regression equation model is Y = 23.248 + 0.018X1 + 0.291X2 + 0.475X3 + e. The correlation coefficient value shows an R value of 0.507, this value shows that financial knowledge (X1), financial experience (X2) and income (X3) with financial management behavior (Y) have a fairly strong correlation. The results of the coefficient of determination value show an R2 value of 0.257, which means that financial knowledge, financial experience and income influence the ups and downs of financial management behavior by 25.7% and the remaining 74.3% is influenced by other factors not examined in this research. The results of the simultaneous test (Test F) show that there is a significant influence simultaneously (together) between financial knowledge, financial experience and income on financial management behavior. The results of the partial test (t test) show that there is no partial significant influence between financial knowledge on financial management behavior and there is a partial significant influence of financial experience and income on the financial management behavior of civil servants in the city of Pontianak.

Pengaruh Tingkat Pendidikan, Pendapatan, dan Pengetahuan Keuangan terhadap Perilaku Pengelolaan Keuangan Keluarga di Desa Jeding Kecamatan Sanankulon Kabupaten Blitar

This research was conducted with the aim of seeing how the level of education, income and financial knowledge affect family management behavior. This study uses a Quantitative approach and uses primary data in it. The population used is families who live in Jeding Village, Sanankulon District, Blitar Regency. Sampling using purposive sampling technique and obtained 100 samples to be studied. The data analysis techniques used are validity test, reliability test, normality test, multicollinearity test, heteroscedasticity test, T test and F test. With this research, it can be seen that: a) there is no significant effect on the level of education on family financial management behavior, b) there is no significant effect on income on family financial management behavior, c) there is a significant effect on financial knowledge on family financial management behavior, d) there is a significant effect on the level of education, income, and financial knowledge simultaneously on family financial management behavior
 Keywords: Family, Management, Education, Income, Financial Knowledge.

Perilaku Manajemen Keuangan Pada UMKM Sentra Kain Tenun Lurik Di Desa Tawang

This research aims to determine the influence of financial knowledge, income, financial attitude, and personality on financial management behavior among owners of Micro, Small, and Medium Enterprises (MSMEs) in the village of Tawang, with a focus on the production of woven lurik fabric. All owners of MSMEs specializing in woven lurik fabric in the village of Tawang were included in this study, and the sampling method applied was saturation sampling. Primary data were obtained through the distribution of questionnaires to 86 respondents who are owners of MSMEs. Data was analyzed using multiple regression analysis methods. The results of the study indicate that financial knowledge has a positive and significant influence on financial management behavior among owners of MSMEs specializing in woven lurik fabric in the village of Tawang. Income has a positive and significant influence on financial management behavior among owners of MSMEs specializing in woven lurik fabric in the village of Tawang. Financial attitude has a positive and significant influence on financial management behavior among owners of MSMEs specializing in woven lurik fabric in the village of Tawang. Personality has a positive and significant influence on financial management behavior among owners of MSMEs specializing in woven lurik fabric in the village of Tawang.
 Keywords: Financial Knowledge; Income; Financial Attitude.
  

The Influence of Financial Literacy and Financial Attitudes on The Financial Management Behavior of Bandar Lampung University Students

Students and female students must understand finance to perform well in financial management behavior. So that students can manage the income and expenditure of money well and can save or invest in the future. Financial literacy and financial attitudes can affect a person's financial management behavior. This study aims to know the relationship between financial literacy and financial attitudes toward financial management behavior of Bandar Lampung University students and students. The sample in this study amounted to 48 college students and female students. The data analysis method in this study used multiple linear regression and descriptive statistics. The results of this research conclude that the financial management behavior of students and female students is not effect by financial literacy, on the contrary  financial management behavior is effect by their financial attitudes.

The Evolution of FinTech and its Effects on Financial Decision Making: A Systematic Literature Review

The development of FinTech technology has changed the financial landscape, having a significant impact on individual and corporate financial decision-making. Through a systematic literature review, this research investigates the evolution of FinTech and its effects on financial management behavior, product preferences, investment decisions, and consumer confidence. FinTech has improved accessibility, product innovation, data analysis, competition in the market, and security, while also raising challenges such as data security issues and the risk of bias in decision making. With a deeper understanding of this relationship, steps can be taken to maximize the benefits of FinTech while minimizing the risks.

Personality Traits and Financial Management Behavior of University Students

This non-experimental quantitative study investigated the association of the five big personality traits with the financial management behavior (FMB) of university students in Davao City. Using stratified random sampling, three hundred twenty-two respondents participated in the survey. The adopted questionnaires used in collecting the data were tested using Cronbach's Alpha and Cronbach’s Alpha to ascertain their reliability and validity. Using regression analysis through SmartPLS 4.0 software, the findings revealed that conscientiousness (β=0.296, p-value=0.000), extraversion  (β=0.181, p-value=0.001), and openness  (β= -0.110, p-value=0.045) showed significant link towards FMB. Nevertheless, Agreeableness  (β= -0.056, p-value=0.324) and Neuroticism  (β= -0.034, p-value=0.553) were insignificant. Finally, the regression model explains that 14.30% of the variance in FMB of university students (F = 10.540, P-value = 0.000, R2 = 0.143, Adjusted R² = 0.129).

The Effect of Financial Education and Culture of Tri Hita Karana on the Behavior of Financial Management Students in Economic Education Study Program Pgri Mahadewa University Indonesia Year 2022

This study aims to provide an empirical proof of the impact of Tri Hita Karana’s financial and cultural literacy on financial management behavior of those pursuing business education as a major at PGRI Mahadewa University of Indonesia in 2022 (H1). Financial literacy has been found to have a significant and favorable impact on the behavior of financial management of PGRI Mahadewa University of Indonesia business education students. The calculated results showed t1 counts of 3.712 > 1.976 and sig values of 0.000 <= 0.05. Hypothesis test (H2) in the findings indicated that three causes of happiness culture had a significant positive impact on the financial management behavior of business education students at PGRI Mahadewa University in Indonesia. The calculated results showed t1 counts of 29.944 > 1.976 and sig values of 0.000 <= 0.05. The results of the three causes of happiness test (H3) in financial and cultural literacy simultaneously had a critical effect on the monetary administration behavior of students in the Business Education Program at the University of PGRI Mahadewa Indonesia. A result of calculating an Fcount value of 2,002,656 for an Ftable value of 3.00 from the F distribution table, the Fcount value is 2,002,656 and the Ftable value based on the F distribution table is 3.00. There is a simultaneous or concurrent influence between financial literacy and Tri Hita Karana culture. Leadership behavior by students of the Indonesian Mahadeba Business Education Course at PGRI University.
 Keywords: monetary education, Tri Hita Karana culture, financial management behavior