Descriptive Analysis of Financial Literacy: Evidence from Public and Private University Students (original) (raw)
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SRIWIJAYA INTERNATIONAL JOURNAL OF DYNAMIC ECONOMICS AND BUSINESS
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The purpose of this study is to investigate and measure the level of financial literacy and its variables within the academic community in Indonesia. The strength of this study is that it extends the concept of financial literacy and its variables. This study explains how members of Indonesian academic community understood their financial literacy levels and the ways in which it can be improved. The study sample comprised 889 lecturers in Indonesia. The survey method was used to measure financial literacy and its variables which include subjective financial knowledge, financial behavior, financial experience, financial awareness, financial skills, financial capability, financial goal, and financial decisions, as reflected in individuals' financial behavior. The research data were collected using a quantitative survey and were analyzed using structural equation modeling (SEM). The results confirm the relationships between financial literacy and its variables of financial awareness, financial behavior, financial experience, financial skills, subjective financial knowledge, financial capability, financial goals, and financial decisions. This study fills the gap in the literature related to the multi-variables of financial literacy. It provides information to assist policy-makers in developing strategies to increase financial literacy in society.
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This study aimed to investigate the effect of socio-demographic factors, including gender, work experience, age, and GPA (Grade Point Average) on the students’ level of financial literacy within some universities in Pekanbaru. This study conducted in two state universities (Riau University and UIN Sultan Syarif Kasim) as well as in four private universities (Caltex Polytechnic University, Muhamadiyah University of Riau, Lancang Kuning University, and STIE Pelita Indonesia). The universities were the object of this study since they had collaborated with the Riau Representative Indonesia Stock Exchange in establishing a financial education in the purpose to develop students’ knowledge on investment products and personal financial management. The population in this research was 78.540 active students and based on Slovin formula this study used 348 students as sample. Sampling technique used was simple random sampling. In addition, this study applied descriptive analysis and Binary Logi...
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The purpose of the study is to evaluate the effect of financial literacy on Indonesian students’ financial behavior. The data were collected using questionnaires. Respondents who participated in the study were 347 students collected using a convenience sampling method. Furthermore, the data were analyzed by applying linear regression using SPSS 18. The results show that financial literacy has a positive effect on the Indonesian students’ financial behavior, meaning that good financial literacy can convince someone to make better decisions about finances related to the use of funds in terms of savings and loans, insurance, and investments.
The Influence Of Financial Literacy Towards Financial Behavior
JOURNAL OF RESEARCH IN MANAGEMENT, 2018
The ability to manage personal finance has become increasingly important in today’s world.The study about personal finance is challenging to be investigated, due to the rare ofresearch regarding this topic. This research is aim to know the influence of demographicfactors towards financial literacy and its impact towards financial behavior from the membersof SMEs under the guidance of Bank Indonesia in Banyumas. The research methodologythat used in this study is a case study with survey research method. Convenience samplingtechnique derived from non-probability sampling techniques are used for sample selection.The sample of this research are 83 respondents and used the OLS as the model estimation.The results of this study indicate that education significantly influences the financial literacylevel and the financial behavior level. Then, income also significantly affects financialbehavior, but does not affect a person's financial literacy. Surprisingly, the financial literacydoes ...