Financial Self-Efficacy and Financial Well-Being: Insights from Western Java University Students (original) (raw)
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Financial Inclusion and Financial Self-Efficacy in Indonesia
Proceedings of the 2019 International Conference on Organizational Innovation (ICOI 2019), 2019
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Impact of financial literacy on financial well-being: a mediational role of financial self-efficacy
Journal of Financial Services Marketing, 2022
The purpose of this paper is to explore the impact of financial literacy on financial well-being among the business school faculties. Both the variables (financial literacy and financial well-being) are operationalized as multi-dimensional constructs to undertake the study. Moreover, the paper also endeavored to examine the mediating role of financial self-efficacy between financial literacy and financial well-being. The paper adopts a survey by questionnaire method to gather data from 203 business school faculty members through the simple random sampling (SRS) technique. Confirmatory factor analysis was used for scale validation, and structural equation modeling was used for hypotheses testing. Mediation was tested using percentile bootstrap with a 95% confidence interval. The study found a significantly positive impact of financial literacy as well as its dimensions on financial self-efficacy and financial well-being. It was also found that financial self-efficacy partially mediates the effect of financial literacy on financial well-being. Measurement of the constructs was done on subjective measures, and the study is limited to business school faculties only. The present research findings could be employed in crafting educational programs for business schools. These programs shall guide such institutions in imparting the knowledge and skills among students regarding their personal finances in terms of savings and retirement planning. The study was focused on the business school faculties of the Jammu and Kashmir region, who are less exposed to the financial literacy programs due to factors like frequent lockdown and internet shutdowns. Moreover, it is generally witnessed that salaried class people in Jammu and Kashmir pay less attention to long-term financial planning for retirement, which makes the present study more relevant. Therefore, this study will prove beneficial to all the employees, especially the business school faculties, to understand the importance of financial literacy and its subsequent effect on financial well-being.
KnE Social Sciences, 2019
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International Journal of Engineering Technology Research & Management, 2019
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European Online Journal of Natural and Social Sciences, 2016
This study finds the impact of money attitudes on the personal financial management behavior and check the moderating effect of financial knowledge and financial self-efficacy on their relationship. The sample for this research was young adults (University students) who were also employed. From five universities where two universities were from the public sector and three were from private sector 500 respondents were selected through purposive sampling. Hierarchal Regression and factor analysis were employed to derive the results. The following are the results which are generated from this research study. Money attitudes and Financial Knowledge have a significant positive impact on the personal financial management behavior of young adults, and financial knowledge has a positive moderating impact on the relationship of money attitudes & personal financial management behavior. It was found that 20.9% Personal Financial Management Behavior is explained by money attitudes at significa...
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JPEKA: Jurnal Pendidikan Ekonomi, Manajemen dan Keuangan
JPEKA Penelitian ini bertujuan untuk menganalisis faktor-faktor yang mempengaruhi financial self efficacy mahasiswa Program Studi Akuntansi (S1) di Bali yang dilihat dari kualitas pembelajaran keuangan dan literasi keuangan mahasiswa. Metode penelitian menggunakan rancangan kuantitatif dengan pendekatan ex post facto melalui teknik analisis jalur (path analysis). Data penelitian dikumpulkan melalui tes literasi keuangan dan kuesioner yang didistribusikan melalui metode purposive sampling. Sampel penelitian merupakan mahasiswa Akuntansi S1 yang duduk di semester IV dan VI sebanyak 182 responden. Hasil penelitian menunjukkan bahwa terdapat pengaruh langsung antara kualitas pembelajaran keuangan terhadap literasi keuangan. Demikian hanya literasi keuangan memiliki pengaruh langsung terhadap financial self efficacy mahasiswa. Namun hasil penelitian menemukan bahwa kualitas pembelajaran keuangan tidak memiliki pengaruh secara langsung terhadap financial self efficacy, sehingga dapat disimpulkan bahwa kualitas pembelajaran keuangan hanya memiliki pengaruh tidak langsung terhadap financial self efficacy melalui literasi keuangan. Hasil penelitian ini menunjukkan pentingnya meningkatkan kualitas pembelajaran keuangan tidak hanya untuk meningkatkan indeks literasi keuangan namun juga financial self efficacy mahasiswa.
Montenegrin Journal of Economics, 2020
This study aims to investigate the financial knowledge, financial awareness, and financial experiences through financial perception toward financial behavior among academic community in Indonesia. Structural equation modeling (SEM) is used to answer the research purpose. Using probability random sampling this study, take 300 samples as participants among lecturer in Central Java Island, Indonesia. The data are collected by face to face field survey. The samples consist of 59% lecturer in public University and 41% in private University. The proportion of gender is 50% female and 50% male. The majority of the participants were 26-50 years old. This study has proven a significant positive impact of financial knowledge, financial awareness, financial experience and financial perception on financial behavior. Financial behavior was found to be caused by financial perception variables which, in turn, were influenced by knowledge, awareness and experience. People, who has a better understanding in financial concept and have awareness on how they manage financial information and have experience will act in a better way to manage the money financial knowledge possessed by a person can be influenced by financial experience and financial awareness, and ultimately can form a good perception, in turn, actual financial behavior depends on all (knowledge, awareness, experience and perception).