Factors That Influence Financial Behavior Among Accounting Students in Bali

Abstract

This study was aimed at analyzing factors that influence financial behavior among accounting students in Bali. This study used the quantitative approach through distributing questionnaires and a financial literacy test. The sample was selected through the multistage random sampling technique with the sample size of 518 respondents. The data were analyzed by using multiple regression analysis. The results of the study showed that there is a positive and significant effect of financial literacy, financial self efficacy, social economic status on financial behavior. Social economic status has the highest contribution. The finding shows that the independent variables in this study have an effect on financial behavior. As the consequence, they can be used as references to develop other variables that are related to students' financial behavior.

The Effect of Financial Literacy, Gender, and Students’ Income on Investment Intention: The Case of Accounting Students

“…In agreement with the survey above, students' comprehension of investment in the stock market is relatively low. That was also mentioned in several types of researches which showed that students' understanding of investment had the lowest average compared to understanding financial management, credit financing, and retirement fund [4,5]. The lack of understanding of investment makes students' interest in investing become low as well.…”

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“…A good financial behavior such as paying the bill on time, savings and having investment and ability to control credit card usage wisely can be influenced by an individual with a good financial literacy [19]. Financial behavior may be affected by the financial literacy of an individual [17]. The other research findings by [20] showed that good financial behavior significantly influences the level of financial literacy.…”

“…Financial management amongst university students helps to prepare themselves in the future. Students who are far from their families will face problems in managing their finance because they need to learn how to manage things on their own including their financial [17]. In addition, the ability to control financial resources is important in their daily life activities.…”

“…It is closely linked with the person's ability and understanding of financial literacy principles, whether or not financial management is wise. Hence, financial literacy affects almost every aspect of planning and spending, including its financial behavior [17].…”

The Way to Develop an Entrepreneurial Culture in Higher Education

“…In the process of developing learning assessment components and learning outcomes, this study will utilize on the existence of five entrepreneurial education competency standards to measure the entrepreneurial education outcomes for diploma and strata students in the field [5]. As for the implementation of micro-based learning administration services management activities, this study will adapt the results of the implementation of a website-based multimedia learning model to foster an entrepreneurial culture in universities reference by [3].…”