Financial Management Behavior Research Articles

Casino Royale: A Comparative Analysis of Financial Literacy and Locus of Control on SMEs’ Financial Behavior

Knowledge is considered as the vital factor for firms in improving their capability and stability of SMEs, especially a financial literacy knowledge. Based on the literature, this study finds that due to lack of finance literacy knowledge, most of firms in Indonesia are not able to survive inside the business world that is full of competition and the dynamics of changing within particular periods. Unfortunately, lack of financial literacy knowledge also ultimately affects firms in Indonesia, particularly their financial behavior at both the organizational and individual levels, as well a locus of control of SME owners in controlling their business’s financial management. However, effective and efficient financial management behavior based on financial literacy knowledge and locus of control skills that are proportional to the context of firms tends to be something that is often overlooked by business people. Thus, a lot of literature indicates that almost all SMEs in Indonesia do not have adequate business financial performance reports as a condition for obtaining business loans from financial institutions. Therefore, with the support of the above issues, this study then aims to conduct a comparative study, through the approach of quantitative research method, from two major cities in Indonesia to explore and identify how much financial literacy and locus of control influence financial management behavior in 130 firms, which are small and medium-sized enterprises as sample size of this study. The findings of this study theoretically discover that financial literacy affects firm’s financial management behavior in both major cities of Indonesia, which are Makassar and Surabaya. The findings of this study are also expected to contribute positively to the managerial aspects, especially in providing detailed explanations and guidelines related to financial literacy, locus of control, and financial management behavior for policy makers as well as business owners. A detail recommendation for future research is also explained in the particular section of this paper.

PENGARUH LITERASI KEUANGAN, SIKAP KEUANGAN DAN KEPRIBADIAN TERHADAP PERILAKU PENGELOLAAN KEUANGAN PADA MAHASISWA DI KOTA JAMBI

The era of the industrial revolution 5.0 inIndonesia is currently making society as modern humans must have financial intelligence, namely intelligence in managing being responsible for their personal finances so as not to cause an imbalance between income and expenses which will also have an impact on the level of welfare of the individual's life.This research is a quantitative research with primary data as the data source used. The population in this study were 7 Islamic tertiary institutions in Jambi City with a total of 14,760 students. There are three data analyzes used in this study, namely the classic assumption test which consists of a normality test, multicollinearity test and heteroscedasticity test. The results showed that the classical assumption test had been fulfilled. Based on the results of testing the financial literacy variable (X1) it influences financial management behavior with a significance level of 0.013. The financial attitude variable (X2) has an effect on financial management with a significance level of 0.000. Spiritual intelligence variable (X3) has no effect on financial management with a significance level of 0.268. Meanwhile, the financial literacy variables, financial attitudes and financial intelligence jointly affect student financial management. Keywords: Financial Literacy, Spiritual Intelligence, Financial Management

The Role of Financial Literacy, Financial Knowledge and Financial Attitudes on Financial Management Behavior: Study of the Fisheries Industry in Ambon, Indonesia

In the fishing industry, financial management behavior can involve decisions related to managing revenue from fish sales, optimizing operational costs, and planning for long-term sustainability. This study aimed to determine the role of financial literacy, financial knowledge and financial attitudes on financial management behavior. This study is research with a quantitative approach and uses primary data obtained from a survey process using a questionnaire, where the survey process was carried out online. The independent variable in this study is financial management behavior (Y). The dependent variable in this study is financial literacy (X1), financial knowledge (X2), financial attitudes (X3). The study results show that there is a significant relationship between financial literacy and financial knowledge, p=0.000. The study results also show that there is a significant relationship between financial knowledge and financial attitudes, p=0.000. The study results also show that there is a significant relationship between financial attitudes and financial management behavior, p=0.000. In conclusion, financial literacy plays a role in increasing financial knowledge. Financial knowledge plays a role in improving financial attitude. Financial attitude plays a role in improving financial management behavior in the fishing industry in Ambon, Indonesia.

Financial Knowledge and Financial Attitude Towards The Personal Financial Management Behavior Of MSME Entreprenuer

Personal Financial Behavior is a person’s ability to manage, namely planning, budgeting, checking, managing, controlling, searching, and storing daily financial funds. The purpose of this study is to find out how much influence Financial Knowledge and Financial Attitude have on Personal Financial Management Behavior. This type of research is Descriptive Quantitative. The data collection technique uses questionnaires that are distributed directly to 63 MSME Entrepreneurs Through google forms. The sample in this study is an MSME entrepreneur in Makassar City. The data analysis method in this study uses Validity Test, Reliability Test, Partial Test, Simultaneous test, and Determination Coefficient Test by using SPSS V.23. Based on the result of data analysis, the research findings are (1) Financial Knowledge has a positive effect on Personal Financial Management Behavior, (2) Financial Attitude has a positive effect on Personal Financial Management Behavior, (3) Financial Knowledge and Financial Attitude have simultaneously influence on Personal Financial Management Behavior, so the researchers concluded that Financial Knowledge and Financial Attitude have a partial and simultaneous effect on Personal Financial Management Behavior. The implication, because this study only focused on MSME entrepreneurs and only one city, the findings may not be generalizable. In addition, the relatively small sample size could be another limitation of the study.
 Keywords: Financial knowledge, Financial Attitude, Personal Financial Management Behavior

ANALISIS FAKTOR-FAKTOR YANG MEMPENGARUHI PERILAKU MASYARAKAT DALAM MENGELOLA KEUANGAN DENGAN NIAT SEBAGAI VARIABEL INTERVENING

This study aims to analyze the influence of several factors that are seen as influencing people's behavior in managing finances, with intention as an intervening variable. Independent variables include financial literacy, financial attitudes, and sources of income. The research location was in Yusuf Hasyem Hamlet, Gampong Tengoh - Langsa City, with 100 households as respondents. The data analysis method used is multiple linear regression analysis, path analysis, t-test, F-test, coefficient of determination and Sobel test. The results of the multiple linear regression show that financial literacy, financial attitudes, and identified intentions have a positive effect on people's financial management behavior; while the source of income has a negative effect on financial management behavior. Based on the results of the t-test, it is proven that financial literacy has no significant effect on financial management behavior; but on financial attitudes, sources of income and intentions proved to have a significant effect on financial management behavior. The results of the F-test show that financial literacy, financial attitudes, sources of income and intentions simultaneously have a significant effect on financial management behavior. Based on the results of the Sobel test, it was found that intention was not able to mediate financial literacy and income sources on financial management behavior, but was able to mediate financial attitudes towards financial management behavior. The results of the coefficient of determination of financial literacy, financial attitudes, sources of income and intention to contribute 20.8% while the remaining 79.2% are influenced by other variables not examined by this study.

Financial literacy and financial attitude on financial management behavior: An examination of the mediating role of the behavioral intention of students at private universities in Indonesia

Financial management behavior is an implementation action of planning and managing a person’s financial resources, both in consumption and investment activities, which can show a person’s characteristics in financial management based on the risks that arise so that each needs good control. This study aims to determine the impact of financial literacy and financial attitude on financial management behavior, mediated by the behavioral intentions of university students. The participants in this study are undergraduate students currently enrolled at prestigious private universities in Medan (North Sumatra, Indonesia). This study’s population and sample consisted of students from the Faculty of Economics and Business at Private Universities in North Sumatra, Indonesia. Purposive and snowball sampling were used with data collection techniques, namely online questionnaires. The Likert scale measures indicators in responses to statements and questions. There were 150 respondents for this study’s data collection. The findings of the study indicate that financial literacy influences financial management behavior and behavioral intentions (p < 0.05). Financial attitude affects financial management behavior (p < 0.05), financial attitude does not affect behavioral intentions (p > 0.05), and behavioral intention affects Financial Management Behavior (p < 0.05). Behavioral intentions do not mediate the effect of financial literacy on Financial Management Behavior (p > 0.05), and the effect of financial attitudes on Financial Management Behavior is not mediated by behavioral intentions (p > 0.05). AcknowledgmentsThis study is supported by all levels of management at Universitas Muhammadiyah Sumatera Utara for funding Fundamental research in 2022 and thanks also to the ranks of the Institute of Research and Community Service (LPPM) Universitas Muhammadiyah Sumatera Utara.

Economic effects of the war in Ukraine and recession

Background: The current situation from economic effects of war, as political uncertainty, geographic proximity,and the impact of new sanctions against Russia,has led to negative reactions in European stock markets.Previous research has shown that economic crises can have significant impacts on consumer financial behaviors and attitudes. Methods:The purpose of the study was to examine how consumer attitudes and behaviors change during periods of recession and to identify the implications for financial education and management during challenging economic times.Demographic data and financial management behavior data were collected from a sample 428 respondents.By examining consumer attitudes and behaviors during a recession,this study can provide insights into how financial education and management can be improved to support consumers during challenging economic times.A survey was conducted to investigate the financial attitudes and behaviors of individuals during a recessionary period from January 15th to February 28th,2023 and included questions about age, financial education level,savings behavior,attitudes towards debt,gender and financial management behavior,age and financial education, and income and savings behavior.Data were analyzed using t-tests and ANOVA. Results:Participants with higher income levels had higher levels of savings and investing behaviors than those with lower income levels. Participants with a higher level of formal education in finance had higher levels of budgeting and investing behaviors than those with a lower level of formal education in finance. Participants who reported higher levels of self-rated financial knowledge had higher levels of all financial management behaviors compared to those with lower self-rated financial knowledge. Conclusions:The findings suggest that financial education and management programs should target individuals with lower income levels and less formal education in finance. Promoting self-rated financial knowledge may be a useful strategy for improving financial management behaviors. Future research could explore the effectiveness of different financial education and management programs on improving financial attitudes and behaviors during recessionary periods.

Determinants of BUMN Employee Financial Management Behavior in Surabaya

The purpose of the research was to determine the effect of personal income, financial knowledge, self control and financial attitude on financial management behavior, the effect of self control, the effect of financial knowledge on financial attitude, the ability of financial attitude to moderate the effect of financial knowledge on financial management behavior, and the ability to age in moderating the effect of financial attitude on financial management behavior. The research was conducted using a quantitative approach, with a total sample of 243 BUMN employees in Surabaya being observed. The data analysis technique was performed using the SmartPls Structural Equation Model (SEM). The results showed that personal income and self control had a significant positive effect on financial management behavior,
 Keywords: personal income, financial knowledge, self control, financial attitude, age, financial management behavior.

The Effect of Financial Literacy, Financial Attitude, Locus of Control, and Lifestyle on Financial Management Behavior (Case Study on Undergraduate Accounting Study Program Students Faculty of Economics and Business Jambi University)

This study aims to see how financial literacy, financial attitude, locus of control, and lifestyle influence financial management behavior. For data analysis using a questionnaire, the sample of 100 respondents was chosen using a purposive sampling technique. Using SPSS For Windows Version 26 software, the multiple linear regression analysis approach was used to evaluate the hypothesis. The findings in this study are that financial literacy, financial attitude, locus of control, and lifestyle have a positive and significant influence on financial management behavior. Partially, financial literacy and lifestyle have a positive influence on financial management behavior, while financial attitude and locus of control have no effect on financial management behavior

Pengaruh Efikasi Keuangan dan Kemampuan Akademik Terhadap Pengelolaan Keuangan Mahasiswa Prodi Pendidikan Ekonomi Universitas Sebelas Maret Angkatan 2016-2019

The background of this research involves the obstacle faced by students after college graduation that drive their businesses into failure. This obstacle is capital which could be obtained during college with good financial management Therefore it is formulated how financial efficacy and academic ability influenced student financial management The goal of this study is to ascertain the effect of financial efficacy and academic ability on students’ financial management. This research used the quantitative method in which the data was collected through questionnaires with the total of 176 student respondents. Data analysis was performed with multiple linear regression analysis. After being processed, the data results in information that indicates that financial efficacy and academic ability do have a positive and significant effect on student financial management behavior. Academic ability was found to have a higher impact on financial management than financial efficacy. Therefore, to improve student financial management, it is necessary to improve their academic abilities alongside their financial efficacy.

FINANCIAL MANAGEMENT BEHAVIOR AMONG STUDENTS: THE INFLUENCE OF DIGITAL FINANCIAL LITERACY

The goal of this study is to investigate how digital financial literacy affects the financial management behavior of students who use digital banking services in Surabaya. Primary data were obtained from questionnaires distributed to students in Surabaya. Using the SmartPLS 4 program, the partial least square structural equation modeling (PLS-SEM) technique was employed for data analysis in this study. The findings of this study indicate that students in Surabaya who utilize digital banking services have a substantial impact on their saving behavior when they are financially literate, digital financial literacy has a significant effect on the spending behavior of students who use digital bank services in Surabaya, digital financial literacy has a significant effect on investment behavior of students who use digital bank services in Surabaya. In short, this research can contribute to helping students in Surabaya to deepen their understanding of digital financial literacy.

The Effect of Financial Literacy, Lifestyle, and Self Control on Women's Financial Management Behavior in Denpasar City

1. Women have an important role in financial management in a family. The tendency of women to take a role in managing finances is an important urgency for conducting studies on women's financial management behavior. Financial management behavior is important in determining a person's financial condition. Women in Denpasar City tend to behave consumptively through online shopping with a role as financial managers making financial literacy, lifestyle, and self-control a determining factor in women's financial management behavior in Denpasar City. This study aims to determine the effect of financial literacy, lifestyle, and self-control on women's financial management behavior in Denpasar City. The population in this study are women aged 25-50 years who are already working in Denpasar City in 2022, namely 424,200 thousand people. The sample used in this study was 100 people obtained using the Slovin formula. Data collection using a questionnaire. The data analysis technique used is multiple linear regression analysis. The results of the study show that financial literacy, lifestyle, and self-control have a positive and significant effect on women's financial management behavior in Denpasar City. These results indicate that the better the level of financial literacy with a high lifestyle and high self-control tends to make women show more optimal financial management behavior.

FINANCIAL MANAGEMENT BEHAVIOR PELAKU UMKM DAERAH WISATA PESISIR MADURA: INCOME, FINANCIAL LITERACY, & FINANCIAL SELF-EFFICACY

MEA has determined that it provides a great opportunity for the MSME sector to develop, but on the other hand it is also a threat to MSMEs. The obstacle that generally occurs in managing MSMEs for MSME actors is not understanding how to manage business finances properly. This is the main obstacle for MSMEs to be able to develop their business. There are factors that can influence financial management behavior variables such as income, financial literacy, financial self-efficacy and others. This research was conducted with the aim of knowing whether there is an influence between income, financial literacy, and financial self-efficacy on financial management behavior. The data were obtained from the results of interviews and filling out questionnaires to MSMEs in the Madura coastal tourism area, especially Pamekasan and Sumenep Regencies with a total of 60 respondents. The findings from this research are income, financial literacy, and financial self-efficacy have an influence on financial management behavior.

FINANCIAL MANAGEMENT BEHAVIOR: FINANCIAL ATTITUDE, FINANCIAL KNOWLEDGE, & LOCUS OF CONTROL (STUDI PADA PELAKU UMKM DI DAERAH PESISIR MADURA)

This study aimed to determine how financial attitude, financial knowledge, and locus of control affected the behavior of MSME actors in the coastal region of Madura, particularly with regard to financial management. Based on the results of the t-test, financial altitude shows a Sig value of 0.000, and t count shows a value of 6.631 meaning that the Sig value is less than the probability value of 0.05 (0.000 <0.05) and t count is greater than t table (6.631 > 2.003). The financial knowledge variable with the t-test value indicates a Sig value of 0.130 and t count indicates a value of 1.536 meaning that the Sig value is greater than the probability value of 0.05 (1.536 > 0.05) and t count is smaller than the t table (1.536 <2.003) and the locus variable of control the t-test shows al Sig value of 0.242 and t count shows a value of 1.182 meaning that the Sig value is greater than the probability value of 0.05 (0.242 > 0.05) and t count is smaller than t table (1.182 <2.003). The results of the F test showed that the calculated f value of 21.931 is greater than the f table of 2.766 and with a significance of 0.000. Because f count > f table and significance level < 0.05, the regression model can be said that financial attitude, financial knowledge, and locus of control simultaneously or simultaneously affect financial management behavior, while the test results for the coefficient of determination (R²) are obtained a value of 0.540 or 54% while 46% is influenced by other variables.

The Influence Of Financial Knowledge, Financial Planning, Self-Control On The Financial Management Behavior Of Housewives

Indonesia is an archipelago with a diverse community background. So are the customs and culture in each region. This is related to the mindset of the people in each region. Old-fashioned habits and culture affect the mindset and interest in science which is decreasing. The lack of knowledge also affects the economic level of the community. The problem that currently still often occurs in the midst of society is the lack of knowledge about financial planning and management patterns. Thus, at the end of each month spending cannot be controlled properly. Without financial planning, the financial picture they experience will be blurred. This study was conducted to determine the effect of financial knowledge, financial planning, self-control on the financial management behavior of housewives in Klakah sub-district. The object of this research is housewives in Klakah sub-district which has a total sample of 90 respondents using purposive sampling technique. Data collection techniques using interviews and questionnaires. The analysis used in this study includes validity test, reliability test, multiple linear regression analysis, classical assumption test (normality test, multicollinearity test, heteroscedasticity test, autocorrelation test) and hypothesis testing (t test). The results of multiple linear regression analysis in this study prove that financial knowledge (0.118), financial planning (0.570), self-control (0.30) have a significant effect on customer decisions.

Analysis Factors Influencing Financial Management Behavior

Financial management is a person's behavior in managing finances as managing planning, budgeting, checking, managing, controlling, searching, and saving finance funds that arise because of someone's habits and a sense of responsibility for finances. The low level of understanding of financial management for millennials tends to be consumptive, giving rise to various irresponsible financial behaviors. The purpose of this research is to find out that final knowledge, final attitude, and self-efficacy can affect financial management behavior. The result of this research expects to contribute to the millennial generation being wiser in managing finances and prioritizing needs over wants. The population used is the Millennial General in the Jakarta region. The sample used was 100 respondents spread across the Jakarta area. Data collection operated using a questionnaire method in which respondents answered questions arranged in the form of choices and scaled using a Likert scale (1-5). The system used in this study is a quantitative analysis using SEM analysis tools and SmartPLS 3.3 tools.

Factors Affecting Financial Management Behavior Among Universitas Tarumanagara’s Students

This research aims to determine the effect of financial knowledge, financial attitude, and income on financial management behavior in Universitas Tarumanagara’s students. The population of this study was active students at Universitas Tarumanagara that selected using a non-probability sampling technique, which is purposive sampling amounted to 150 respondents. The data collection using questionnaires presented in the form of a google form and distributed online. The data obtained were processed using PLS-SEM using Smart-PLS software. The results found that financial knowledge has a positive significant influence on financial management behavior, a financial attitude has a positive significant influence on financial management behavior. Meanwhile, income has a positive insignificant influence on financial management behavior.

Factors Affecting Financial Management Behavior Among Universitas Tarumanagara’s Students

This research aims to determine the effect of financial knowledge, financial attitude, and income on financial management behavior in Universitas Tarumanagara’s students. The population of this study was active students at Universitas Tarumanagara that selected using a non-probability sampling technique, which is purposive sampling amounted to 150 respondents. The data collection using questionnaires presented in the form of a google form and distributed online. The data obtained were processed using PLS-SEM using Smart-PLS software. The results found that financial knowledge has a positive significant influence on financial management behavior, a financial attitude has a positive significant influence on financial management behavior. Meanwhile, income has a positive insignificant influence on financial management behavior.

Factors Affecting Financial Management Behavior Among Universitas Tarumanagara’s Students

Factors Affecting Financial Management Behavior Among Universitas Tarumanagara’s Students

The Influence of Financial Knowledge, Financial Literacy, and Financial Technology on Financial Management Behavior Among Young Adults

The purpose of this research is to analyze the effect of financial knowledge, financial literacy, and financial technology on financial management behavior of young adults in the city of Jakarta. The sample selection technique in this study was purposive sampling. The sample used in this study is 150 respondents, obtained through the distribution of online questionnaires. This research uses Smart PLS software version 3.2.9 to process the data. The result of the analysis shows that financial knowledge, financial literacy, and financial technology have a significant and positive effect on financial management behavior on young adults in the city of Jakarta.