Effect of Financial Knowledge and Locus Of Control on Personal Financial Management Behavior with Financial Literacy as Mediator Variable
Keywords:
Personal Financial Management Behavior, Financial Literacy, Financial Knowledge, Locus of Control.
Abstract
This study aims to analyze the effect of: (1) Financial Knowledge and (2) Internal Locus of Control on Personal Financial Management Behavior with Financial Literacy as a Mediator Variable. The population used is all students of Generation Z Strata 1 who are actively studying at Padang State University, amounting to 31,553 people. The sampling technique of this study used the Cluster Random Sampling technique with a total sample of 335 people. This study uses primary data and secondary data. The data analysis method used is Structural Equation Modeling (SEM) using SmartPLS version 3.3. The results of this study show that (1) Financial Knowledge and Internal Locus of Control have a positive and significant effect on Financial Literacy (2) Financial Knowledge and Internal Locus of Control have a positive and significant effect on Personal Financial Management Behavior (3) Financial Literacy has a positive and significant effect on significant effect on Personal Financial Management Behavior (4) Financial Knowledge and Internal Locus of Control have a positive and significant effect on Personal Financial Management Behavior with Financial Literacy as a Mediator Variable, in Generation Z students at Padang State University.
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References
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Utami, I., & Noegroho, Y. A. (2007). Pengaruh Locus of Control terhadapa Perilaku Akuntan Publik. Jurnal Akuntansi dan keuangan Keuangan Indonesia , 193-210.
Wagland, S. P., & Taylor, S. (2009). When it comes to financial literacy, is gender really an issue? Australasian Accounting, Business and Finance Journal, 3 (1) , 3.
Widiawati, M. (2020). Pengaruh Literasi Keuangan, Locus of Control , Financial Self-Efficacy, Dan Love of Money Terhadap Manajemen Keuangan Pribadi. Prisma (Platform Riset Mahasiswa Akuntansi), 1(1), 97–108. https://ojs.stiesa.ac.id/index.php/prisma
Xiao, Jian, J., Tang, Shim, C. &., & Soyoen. (2009). Acting For Happines:Financial Behavior and Life Satisfaction of College Students. Social Indicators Research May 2009, Volume 92, Issue , 53-68.
Yuliani., Fuadah., L & Taufik. (2019). The Effect Of Financial Knowledge On Financial Literacy With Mediated By Financial Behavior In Society Of Palembang City South Sumatera. Jounal Ilmiah Manajemen, Vol. 9, No. 3
Al, S. et. (2019). Jurnal Kajian Manajemen Bisnis. Jurnal Kajian Manajemen Bisnis, 8(2), 66–72
Asaff, R., Suryati, S., & Rahmayani, R. (2019). Pengaruh Financial Attitude Dan Financial Knowledge Terhadap Financial Management Behavior. JEMMA | Journal of Economic, Management and Accounting, 2(2), 9. https://doi.org/10.35914/jemma.v2i2.243
Augustin, J., Worokinasih, S., & Darmawan, A. (2020). Peran Mediasi Financial Behaviour Pada Financial Literacy Terhadap Firm Performance. Profit, 14(2), 92–103. https://doi.org/10.21776/ub.profit.2020.014.02.11
Birari, A., & Patil, U. (2014). Spending & Saving Habits of Youth in the City of Aurangabad,. The SIJ Transaction on Industrial, Financial & Business Management, 2(3) , 158 - 165.
Borden, L. M., Lee, S. A., Serido, J., & Collins, D. (2008). Changing college students' financial knowledge, attitudes, behavior through seminar participation. Journal of Family and Economic Isuuses, 29 (1) , 23 - 40.
Britt, S., Cumbie, J. A., & Bell, M. M. (2013). The Influence of Locus of Control on Student Financial behavior. 178-184.
Cahyaningrum, B., & Fikri, M. A. (2021). Peran Pemediasi Locus of Control Pada Pengaruh Financial Knowledge Dan Financial Attitude Terhadap Financial Management Behavior. Jurnal Ilmu Manajemen, 9(4), 1500–1515. https://doi.org/10.26740/jim.v9n4.p1500-1515
Chen, H., & Volpe, R. (1998). An Analysis of Personal Financial Literacy Among College Students. Financial Services Review, Vol. 7 No.2 , 107-128.
Darman, N. (2012). Analisis Personal Financial Literacy dan Financial Behavior Mahasiwa strata 1 Fakultas Ekonomi Sumatera Utara. Jurnal Media Informasi Manajemen .
Dwinta, I. dan C. Y. (2010). Pengaruh Locus Of Control, Financial Knowledge, Income Terhadap Financial Management Behavior. Jurnal Bisnis Dan Akuntansi, 12(3), 131–144
Fitriani, A., & Widodo, A. (2020). Pengaruh Financial Knowledge Terhadap Financial Behavior Dengan Financial Attitude Sebagai Variabel Intervening Pada Generasi Z. Jurnal Ilmiah MEA (Manajemen, Ekonomi, & Akuntansi), 4(2), 310–319. http://journal.stiemb.ac.id/index.php/mea/article/view/333
Habibah Heditya Rohmah. (2018). Pengaruh Locus Of Control, Financial Knowledge Dan Income Terhadap Financial Management Behavior Di Kabupaten Sampang. Artikel Ilimiah
Herdjiono, I., & Damanik, L. A. (2016). Pengaruh Financial Attitude,Financial Knowledge, Parental Income Terhadap Financial Management Behavior. Jurnal Manajemen Teori Dan Terapan| Journal of Theory and Applied Management, 9(3), 226–241. https://doi.org/10.20473/jmtt.v9i3.3077
Hilgert, M. A. (2002). Financial knowledge, experience and learning preferences : preliminary results from a new survey on financial literacy. Customer interest manual, 48.
Houston, & Sandra, J. (2010). Measuring Financial Literacy. Journal of Cuncomer Affairs Vol. 4 (2) , 296-31.
Jazuli, A., & Setiyani. R. (2021). Enteseden Financial Management Behavior: Financial Literacy Sebagai Intervening. Economic Education Analysis Journal, 10(1), 163-176. http://journal.unnes.ac.id/sju/index.php/eeaj
Moghaddam, F. M. (2017). Locus of Control. The SAGE Encyclopedia of Political Behavior, 4(1), 5–17
Ningtyas, M. N. (2019). Literasi Keuangan pada Generasi Milenial. Jurnal Ilmiah Bisnis Dan Ekonomi Asia, 13(1), 20–27
Noviyanti, N. (2021). Analisis Faktor – Faktor Yang Mempengaruhi Financial Literacy Mahasiswa Di Kota Batam. Jurnal Akuntasi, 56
Palmer, T. S., Pinto, M. B., & Parente, D. H. (2001). College students’ credit card debt and therole of parental involvement: Implication.
Perry, V. G., & Morris, M. D. (2005). Who Is in Control ? The Role of Self-Perception, Knowledge and Income in Explaining Consumer Financial Behavior. The Journal of Consumer Affair , Vol. 39 No. 2.299 : 133
Putri, I. R., & Tasman, A. (2019). Pengaruh Financial Literacy dan Income terhadap Personal Financial Management Behavior pada Generasi Millennial Kota Padang. Jurnal Kajian Manajemen Dan Wirausaha, 01(1), 151–160
Rambe, N. (2018). Pengaruh Financial Literacy, Financial Attitude Dan Income Terhadap Personal Financial Management Behaviour Dengan Variabel Locus of Control Sebagai Variabel Intervening Pada Mahasiswi Pasca Sarjana Negeri Di Sumatera Utara. Jurnal Pembangunan Wilayah & Kota, 1(3), 82–91.
Sari, N. (2021). Pengaruh Financial Literacy, Locus of Control, Life Style, dan Gender terhadap Financial Management Behavior Mahasiswa Universitas Negeri Surabaya. Jurnal Ilmu Manajemen, 9(2), 670.
Seni, N. N. A., & Ratnadi, N. M. D. (2017). Theory of Planned Behavior Untuk Memprediksi Niat Berinvestasi. E-Jurnal Ekonomi Dan Bisnis Universitas Udayana, 12, 4043. https://doi.org/10.24843/eeb.2017.v06.i12.p01
Sina, P. G. (2014). Tipe Kepribadian dalam Personal Finance. Jurnal JIBEKA Volume 8No 1 , 54-59.
Stevania, & Mindosa, B. (2019). Dampak Merger & Akuisisi pada Kinerja Keuangan: Studi pada Perusahaan Non Keuangan yang Terdaftar di Bursa Efek Indonesia Periode 2012-2016. Jurnal Manajemen, 8(2), 182–194.
Sunandes, A. (2014). Pengaruh Financial Knowledge Terhadap Personal Financial Goals (Studi Kasus Pada Mahasiswa Stieken Blitar). Jurnal Kompilasi Ilmu Ekonomi, 6(2), 133–146.
Tasman, A., Efendi, D. A., & Masdupi, E. (2018). Analysis of personal financial management behavior in higher education student. Jurnal Kajian Manajemen Bisnis, 7(1), 1–13. https://doi.org/10.24036/jkmb.10881600
Utami, I., & Noegroho, Y. A. (2007). Pengaruh Locus of Control terhadapa Perilaku Akuntan Publik. Jurnal Akuntansi dan keuangan Keuangan Indonesia , 193-210.
Wagland, S. P., & Taylor, S. (2009). When it comes to financial literacy, is gender really an issue? Australasian Accounting, Business and Finance Journal, 3 (1) , 3.
Widiawati, M. (2020). Pengaruh Literasi Keuangan, Locus of Control , Financial Self-Efficacy, Dan Love of Money Terhadap Manajemen Keuangan Pribadi. Prisma (Platform Riset Mahasiswa Akuntansi), 1(1), 97–108. https://ojs.stiesa.ac.id/index.php/prisma
Xiao, Jian, J., Tang, Shim, C. &., & Soyoen. (2009). Acting For Happines:Financial Behavior and Life Satisfaction of College Students. Social Indicators Research May 2009, Volume 92, Issue , 53-68.
Yuliani., Fuadah., L & Taufik. (2019). The Effect Of Financial Knowledge On Financial Literacy With Mediated By Financial Behavior In Society Of Palembang City South Sumatera. Jounal Ilmiah Manajemen, Vol. 9, No. 3
