Article Sidebar

Download
PDF
Statistic
Read Counter : 455 Download : 392

Main Article Content

Abstract

Students with financial behavior that tends to be consumptive have a negative impact on financial behavior, new experiences as students and employees with limited income and various expenses must be able to be managed properly to be able to produce good financial behavior. This study aims to determine the effect of financial literacy on financial management behavior and to analyze the psychological effect of Self-Efficacy and Self-Coping on financial management behavior of undergraduate students in the management study program at Pelita Bangsa University. The research method used is quantitative with data sources taken by distributing questionnaires. Sampling used is by simple random sampling method. The population in this study were all students of the management study program in 2022 with a total of 4995, with a sample of 98 respondents obtained from the Slovin formula. The results of the research tested with SmartPLS 3.0 show that financial literacy, self-efficacy, and self-coping have a significant effect on financial behavior.

Keywords

Financial Literacy Self-Efficacy Self-Coping Financial Bahavior

Article Details

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License.

How to Cite
Syahwildan, M., & Hidayah, Z. Z. (2024). The Influence of Financial Literacy, Self-Efficacy, and Coping Strategies on Students’ Finances. Ilomata International Journal of Tax and Accounting, 5(1), 254-265. https://doi.org/10.52728/ijtc.v5i1.1056

References

  1. Arifin, A. Z. (2018). The Influence of Financial Attitude, Financial Knowledge, Parental Income on Financial Management Behavior. KnE Social Sciences, 3(10).
  2. Arofah, A. A. (2019). Financial literacy, self-efficacy, and financial behaviour of college students. International Journal of Pedagogy and Teacher Education, 3(2), 129–138.
  3. Asyik, N. F., Wahidahwati, & Laily, N. (2022). The Role of Intellectual Capital in Intervening Financial Behavior and Financial Literacy on Financial Inclusion. WSEAS Transactions on Business and Economics, 19, 805–814. https://doi.org/10.37394/23207.2022.19.70
  4. Aydin Sayilir, Ö., & Özşahin, M. Ş. (2022). The relationship between financial self-efficacy and financial risk tolerance. Business and Economics Research Journal, 13(1).
  5. Chiu, S. I. (2014). The relationship between life stress and smartphone addiction on Taiwanese university student: A mediation model of learning self-efficacy and social self-efficacy. Computers in Human Behavior, 34, 49–57.
  6. Chiu, S.-I. (2014). The relationship between life stress and smartphone addiction on taiwanese university student: A mediation model of learning self-Efficacy and social self-Efficacy. Computers in Human Behavior, 34, 49–57. https://doi.org/10.1016/j.chb.2014.01.024
  7. Chong, K. F., Sabri, M. F., Magli, A. S., Rahim, H. A., Mokhtar, N., & Othman, M. A. (2021). The Effects of Financial Literacy, Self-Efficacy and Self-Coping on Financial Behavior of Emerging Adults. Journal of Asian Finance, Economics and Business, 8(3), 905–915. https://doi.org/https://doi.org/10.13106/jafeb.2021.vol8.no3.0905
  8. de Bassa Scheresberg, C. (2013). Financial Literacy and Financial Behavior among Young Adults: Evidence and Implications. Numeracy, 6(2).
  9. Despard, M. R. (2020). COVID-19 job and income loss leading to more hunger and financial hardship. APNORC.
  10. Farrell, L. (2016). Financial self-efficacy among college students: The role of money attitudes. Journal of Financial Counseling and Planning, 27(2), 218–234.
  11. Fatimah, S., Manuardi, A. R., & Meilani, R. (2021). Tingkat Efikasi Diri Performa Akademik Mahasiswa Ditinjau Dari Perspektif Dimensi Bandura. Prophetic: Professional, Empathy and Islamic Counseling Journal, 4(1), 25–36.
  12. Fong, S.-F., Lo, M.-C., Songan, P., & Nair, V. (2017). Self-efficacy and sustainable rural tourism development: local communities’ perspectives from Kuching, Sarawak. Asia Pacific Journal of Tourism Research, 22(2), 147–159. https://doi.org/10.1080/10941665.2016.1208668
  13. Ghozali, I., & Latan, H. (2015). Konsep, Teknik, Aplikasi Menggunakan Smart PLS 3.0 Untuk Penelitian Empiris. Universitas Diponegoro.
  14. Grohmann, A. (2018). Financial literacy and financial behavior: Evidence from the emerging Asian middle class. Pacific-Basin Finance Journal, 5(2).
  15. Gunawan, A., Lasimon, M., & Sihombing, S. O. (2019). The implication of smartphone usage, general self-efficacy, self-regulation, and cyberloafing to smartphone addiction. Proceedings of the 33rd International Business Information Management Association Conference, IBIMA 2019: Education Excellence and Innovation Management through Vision 2020, 5207–5221. https://www.scopus.com/inward/record.uri?eid=2-s2.0-85074080390&partnerID=40&md5=9424ec2c4b33d3f517459ffda0ea7500
  16. Gunawan, A., Pirari, W. S., & Sari, M. (2020). Pengaruh Literasi Keuangan dan gaya Hidup Terhadap Pengelolaan Keuangan Mahasiswa Prodi Manajemen Universitas Muhammadiyah Sumatera Utara. Jurnal Humaniora, 4(2), 23–35.
  17. Hanum, N., Kunci, K., & Unsam, M. (2017). Analisis Pengaruh Pendapatan Terhadap Perilaku Konsumsi Mahasiswa Universitas Samudra di Kota Langsa. 1(2).
  18. Harries, B. (2019). Advances in financial inclusion and resilience: An overview. IDS Bulletin, 50(5).
  19. Harun, H., Graham, P., Kamase, H. P., & Mir, M. (2021a). A Critical Analysis of the Impacts of Financial Literacy and NPM on Village Funds Initiative in Indonesia. International Journal of Public Administration, 44(4), 336–345. https://doi.org/10.1080/01900692.2020.1722165
  20. Harun, H., Graham, P., Kamase, H. P., & Mir, M. (2021b). A Critical Analysis of the Impacts of Financial Literacy and NPM on Village Funds Initiative in Indonesia. International Journal of Public Administration, 44(4), 336–345. https://doi.org/10.1080/01900692.2020.1722165
  21. Harun, H., Graham, P., Kamase, H. P., & Mir, M. (2021c). A Critical Analysis of the Impacts of Financial Literacy and NPM on Village Funds Initiative in Indonesia. International Journal of Public Administration, 44(4), 336–345. https://doi.org/10.1080/01900692.2020.1722165
  22. Henager, R., & Cude, B. J. (2016). Financial Literacy and Long- and Short-Term Financial Behavior in Different Age Groups. Journal of Financial Counseling and Planning, 27(1).
  23. Iddris, F., Dogbe, C. S. K., & Kparl, E. M. (2023). Transformational leadership, employee self-efficacy, employee innovativeness, customer-centricity, and organizational competitiveness among insurance firms. International Journal of Innovation Science, 15(5), 756–775. https://doi.org/10.1108/IJIS-05-2022-0092
  24. Jäkel, T. (2019). Innovative self-efficacy of municipal employees: empirical evidence from Russia’s Leningrad region. International Review of Public Administration, 24(1), 36–59. https://doi.org/10.1080/12294659.2019.1577795
  25. Jonathan, E. (2020). Household coping strategies and resilience to shocks: State of the art. World Development, 132.
  26. Karagiannidis, Y. (2021). The Role of Psychological Factors in Personal Financial Management Practices. Journal of Risk and Financial Management, 14(8).
  27. Kempson, E. (2017). The role of financial capability, assets and psychological readiness to deal with difficult situations. Report to Money Advice Service.
  28. Khalisharani, H., Johan, I. R., & Sabri, M. F. (2022). The Influence of Financial Literacy and Attitude towards Financial Behaviour Amongst Undergraduate Students: A Cross-Country Evidence. Pertanika Journal of Social Sciences and Humanities, 30(2), 449–474. https://doi.org/10.47836/pjssh.30.2.03
  29. Lee, M. K., Durani, U., Zhang, N., Hilal, T., Warsame, R. M., Borah, B., Khera, N., & Griffin, J. M. (2023). Relationships Among Health Insurance Literacy, Financial Toxicity, and Sociodemographic Factors in Patients With Cancer. JCO Oncology Practice, 19(10), 888–898. https://doi.org/10.1200/OP.22.00829
  30. Li, R., Wu, J., Zhang, S., Zhang, S., & Wu, Y. (2023). Social Endowment Insurance and Inequality of the Household Portfolio Choice: The Moderating Effect of Financial Literacy. SAGE Open, 13(1). https://doi.org/10.1177/21582440231152399
  31. Liang, C., & Chen, C.-C. (2021). Empowering entrepreneurial intention through entrepreneurial self-efficacy: comparison of farmers with and without entrepreneurial experience in Taiwan. Asia Pacific Business Review, 27(4), 595–611. https://doi.org/10.1080/13602381.2020.1857069
  32. Lim, H. (2014). Financial behavior and downsizing plan as additional factors for retirement confidence among Baby Boomers and Gen Xers. Journal of Personal Finance, 13(1), 34.
  33. Lusardi, A., & Mitchell, O. S. (2014). The Economic Importance of Financial Literacy: Theory and Evidence. Journal of Economic Literature, 52(1).
  34. Maharani, W. A. (2021). KEMAMPUAN MENGELOLA KEUANGAN PADA MAHASISWA PEKERJA PARUH WAKTU UNIVERSITAS MUHAMMADIYAH SURAKARTA.
  35. Netemeyer, R. G. (2018). How am I doing? Perceived financial well-being, its potential antecedents, and its relation to overall well-being. Journal of Consumer Research, 45(1).
  36. Nicolini, G., & Haupt, M. (2019). The Assessment of Financial Literacy: New Evidence from Europe. International Journal of Financial Studies, 7, 54. https://doi.org/10.3390/ijfs7030054
  37. Novitasari, D., Juliana, J., Asbari, M., & Purwanto, A. (2021). The Effect of Financial Literacy, Parents’ Social Economic and Student Lifestyle on Students Personal Financial Management. Economic Education Analysis Journal, 10(3), 522–531. https://doi.org/https://doi.org/10.15294/eeaj.v10i3.50721
  38. Paramita, P. A. P., Putere, S. P. P. L. M., & Sumadewi, K. T. (2022). Hubungan antara Self Efficacy dengan Tingkat Stres Mahasiswa Baru FKIK Universitas Warmadewa Angkatan 2020. AMJ (Aesculapius Medical Journal), 1(2), 44–50.
  39. Ratnaningtyas, H., Bilqis, L. D. R., & Swantari, A. (2022). Perencanaan Keuangan Pribadi Untuk Mahasiswa Sekolah Tinggi Ilmu Ekonomi Bisnis Indonesia. ABDI MOESTOPO: Jurnal Pengabdian Pada Masyarakat, 5(2), 141–147. https://doi.org/https://doi.org/10.32509/abdimoestopo.v5i2.1770
  40. Rooij, M. C. J. (2011). Financial Literacy and Stock Market Participation. Journal of Financial Economics, 101(2).
  41. Seraj, A. H. A., Fazal, S. A., & Alshebami, A. S. (2022). Entrepreneurial Competency, Financial Literacy, and Sustainable Performance—Examining the Mediating Role of Entrepreneurial Resilience among Saudi Entrepreneurs. Sustainability (Switzerland), 14(17). https://doi.org/10.3390/su141710689
  42. Serido, J., Shim, S., Jian, J., Tang, X. C., & Card, N. A. (2014). Helping Students Cope with Financial Strain.
  43. Sharma, A., & Johri, A. (2014). Learning and empowerment: Designing a financial literacy tool to teach long-term investing to illiterate women in rural India. Learning, Culture and Social Interaction, 3(1), 21–33. https://doi.org/10.1016/j.lcsi.2013.10.003
  44. Stylianou, A. M., Counselman-Carpenter, E., & Redcay, A. (2019). Developing a financial literacy program with survivors of intimate partner violence: The voices of survivors. Social Work (United States), 64(4), 311–320. https://doi.org/10.1093/sw/swz034
  45. Wijaya, A. (2019). Metode penelitian menggunakan smart PLS 03 (1st ed.). Innosain.
  46. Yu, J., Sim, T., Qi, W., & Zhu, Z. (2020). Communication with local officials, self-efficacy, and individual disaster preparedness: A case study of rural northwestern China. Sustainability (Switzerland), 12(13). https://doi.org/10.3390/su12135354
  47. Zainul Arifin, A. (2018). Influence of financial attitude, financial behavior, financial capability on financial satisfaction. 186(INSYMA), 100–103. https://doi.org/10.2991/insyma-18.2018.25