The Influence of Financial Information, Financial Self Efficacy, and Emotional Intelligence to Financial Management Behavior of Female Lecturer

Abstract

Purpose of the study: The purpose of the study was to compare the financial information, financial self-efficacy and emotional intelligence on the financial management of women lecturer in state and private university.
 Methodology: This study was designed as a conclusive causality study. The study population was female lectures of state and private universities in Indonesia. From the population, there are two hundred (200) female lectures from a state university and private universities have selected as a sample of study by quota sampling method. The data collection techniques used in this research are interviews and surveys. Multiple regressions was chosen to get results with the SPSS tools.
 Main Findings: There is an influence of financial knowledge, financial self-efficacy, financial literacy, and emotional intelligence to the financial management behavior of female lecturers at state universities while there is no influence of financial attitude, financial literacy, and emotional intelligence to the financial management [behavior] of female university lecturers in private universities.
 Applications of this study: The results of this study will be beneficial for financial institutions and governments that usually hold education and training programs for their customers to increase financial knowledge so as to increase the confidence of their customers (including lecturers) in their ability to manage finance. Furthermore, this knowledge will be conveyed back to the students of the lecturer in the learning process about finance, so that it will indirectly increase the financial literacy of their students and society at large.
 Novelty/Originality of this study: Many researches about financial behavior topics have analyzed financial information factors’ influence on financial management behavior, but few of them have included psychological factors such as financial self-efficacy and emotional intelligence. This distinguishes this research compared to other studies of financial behavior as it analyzes the two effects of psychological factors on financial management behavior. Another novelty of this study is the selection of female lecturer as research object as their characteristic as well-informed and well-educated about financial management that has not observed by previous studies.

Pengaruh Literasi Keuangan, Sikap Keuangan dan Self-Efficacy terhadap Pengelolaan Keuangan Ibu Rumah Tangga

“…Selain variabel literasi keuangan dan sikap keuangan, self-efficacy sebagai variabel moderasi juga memiliki pengaruh dalam pengelolaan keuangan, menurut Ryan Elfahmi et al (2020) mengatakan financial self-efficacy adalah kepercayaan terhadap kemampuan diri dalam mencapai tujuan secara finansial. Dengan kepercayaan pada diri yang tinggi maka individu tersebut dapat termotivasi dalam melaksanakan berbagai cara demi tercapainya tujuan yang diinginkan (Asandimitra & Kautsar, 2019). Maka dapat dikatakan Self-efficacy dikatakan menjadi tingkatan pengetahuan, pengendalian, kecakapan dalam pengelolaan keuangan guna mewujudkan keinginan finansial.…”

“…Maka pengelolaan keuangan keluarga diperlukan terlebih di situasi pandemi, dengan didukung pengetahuan keuangan yang baik menjadikan ibu rumah tangga mampu mengelola keuangan keluarga secara baik pula, dan sikap terhadap uang juga diperlukan guna menyikapi sumber daya uang yang dimiliki untuk tujuan kedepan. Self-efficacy juga penting dimiliki individu, karena manusia akan cenderung lebih termotivasi untuk mencapai tujuannya (Asandimitra & Kautsar, 2019).…”

The Borderless Integration of Financial Management Innovation Using Big Data Analysis of Social Media

“…On the basis of the original financial management organization structure, we need to add special departments in the financial management organization to manage financial data, nonfinancial data, and other business data and manage the development platform of financial big data center [21,22]. Valuable and meaningful information is provided for enterprises from massive data.…”

Identifying Financial Management Behavior in Millenial Generation

“…Financial management behavior is a person's ability to manage his financial funds daily which includes the actions of budgeting, managing, controlling, finding, and storing his funds (Asandimitra & Kautsar, 2019). The science of financial management behavior explains how a person makes decisions in managing funding sources (Gitman & Zutter, 2015).…”

“…A person's ability to manage daily funds is known as financial management behavior which includes budgeting, managing, controlling, finding, and saving own funds (Asandimitra & Kautsar, 2019). In good financial handling behavior, knowledge of finances is very much needed, so that there is no less optimal on financial decision making, thus being able to manage each individual's finances by having financial management behavior (Asandimitra & Kautsar, 2019). Kim et al, (2015) show that the millennial generation has much broader knowledge than the previous generation such as retirement plans and personal savings, where this knowledge will change financial management behavior.…”