Effects of Indonesian Students’ Financial Literacy on Financial Behavior

Suyanto,; Setiawan, Doddy; Rahmawati, Rahmawati; Winarna, Jaka

doi:10.2991/aebmr.k.210616.086

Cited by 5 publications

(4 citation statements)

References 20 publications

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“…The student will keep some of the pocket money in his account. Spending behavior activities can be in the form of using bank debit cards to shop instead of paying in cash, and students can plan their finances for the future through their financial knowledge (Suyanto et al, 2021). Factors that influence student financial behavior in this study, consisting of saving behavior, spending behavior, and financial planning, have been validated by EFA and CFA analysis.…”

Section: Discussionmentioning

confidence: 99%

The validation of financial behavior instruments for university students: An exploratory and confirmatory factor analysis approach

Nuris,

Sahid,

Hussin

2023

Multidiscip. Rev.

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This study aimed to develop and validate instruments for measuring financial behavioral constructs. This study contributes to looking at the habits of university students in managing pocket money earned from parents in daily life. The sample of this study is economic education students at state universities in Indonesia. Data collection was carried out through online questionnaires. Data analysis was carried out in 2 stages, namely, EFA (Exploratory Factor Analysis) in a pilot study of 112 respondents and CFA (Confirmatory Factor Analysis) of 440 respondents in the field study. The results showed that the financial behavior constructs with three dimensions, namely, saving behavior, spending behavior, and financial planning, have met the validity and reliability requirements to be used in future research. Researchers can then review other factors that affect financial behavior so that they can find other factors that can influence it. In addition, this study can also be carried out in various countries, but sufficient data support is needed if the dimensions in this construct will be used in future research.

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Section: Discussionmentioning

confidence: 99%

The validation of financial behavior instruments for university students: An exploratory and confirmatory factor analysis approach

Nuris,

Sahid,

Hussin

2023

Multidiscip. Rev.

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“…According to earlier definitions of financial literacy, to make important financial decisions, a person must not only have the requisite knowledge but also the aptitude and confidence to put that knowledge to use (Suyanto, Setiawan, Rahmawati, & Winarna, 2021). Financing decisions are those that consumers must make about the ratio of equity to debt in their capital structure (Badheka & Pandya, 2022).…”

Section: Financial Decisionmentioning

confidence: 99%

Effect of Financial Literacy on Financial Decision and Consumer Behavior

Munawar

2023

Pak. J. Humanit. Soc. Sci

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This study's main goal was to investigate how financial literacy affects consumer behavior and financial decisions. An online questionnaire was used to gather the data for this investigation from the workers of financial institutions in Lahore, Pakistan. 325 employees, whose ages ranged from 18 and up to 60, made up the sample of survey questions. The researcher examined the association between financial literacy, consumer behavior, and financial decisions by utilizing respondents' demographics, measurement model assessment, and structural model evaluation. This was done using SPSS and partial least square (PLS-SEM) software. As a result, the findings indicated that financial literacy has a favorable impact on financial decisions. Also, the research reveals that consumer behavior in using financial services is affected by financial literacy. Additionally, the results showed how consumer behavior greatly impacts people's goals to make wise financial decisions that will lead to wealth creation.

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“…Hal ini sejalan dengan pendapat Salisa (2021) yang menyatakan bahwa seseorang yang mempunyai pengetahuan keuangan yang baik dimana mampu mengelola keuangannya akan meningkatkan kepercayaan dirinya untuk berinvestasi. Peningkatan pemahaman mengenai literasi keuangan sangat penting untuk mendongkrak jumlah pengguna produk dan layanan keuangan sehungga masyarakat akan menabung dan berinvestasi (Suyanto et al, 2021).…”

Section: Pembahasanunclassified

The FoMO Phenomenon: Impact on Investment Intentions in Millennial Generation with Financial Literacy as Moderation

Saputri

Raneo

Muthia³

2023

Owner

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The millennial generation is in a period of various financial activities including investments that require better financial decisions, but the millennial generation is facing modern lifestyle challenges, one of which is the Fear of Missing Out (FoMO). In addition, the fear of the Covid-19 outbreak at the beginning of the pandemic caused negative sentiment for investors. Therefore, it is necessary to look at the role of financial literacy as the basis of strength that can be used as a person's skills and abilities in managing their financial resources effectively. The purpose of this study is to prove and explain the effect of the FoMO phenomenon on investment intention with financial literacy as a moderating variable. This study uses a survey method, namely an online survey with a data analysis method using Moderated Regression Analysis. The sample of this research is the millennial generation who have investments in various financial products. The criteria for this research sample are the millennial generation with an age range of 22-41 years. From the results of the tests carried out, it is known that the financial literacy variable can weaken the influence of FoMO on Investment Intention which is indicated by a significant negative sign and can also be an independent variable that affects Investment Intention

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Effects of Indonesian Students’ Financial Literacy on Financial Behavior

Cited by 5 publications

References 20 publications

The validation of financial behavior instruments for university students: An exploratory and confirmatory factor analysis approach

The validation of financial behavior instruments for university students: An exploratory and confirmatory factor analysis approach

Effect of Financial Literacy on Financial Decision and Consumer Behavior

The FoMO Phenomenon: Impact on Investment Intentions in Millennial Generation with Financial Literacy as Moderation

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