The Determinance of the Financial Behavior Among Graduate Students in Indonesia

Abstract

The lifestyle of adolescents who migrate to work and college will largely determine their future. Concerns about economic conditions can cause problems with their behavior. This research has aimed to explore the most influential factors on Financial Behavior among graduate students in Indonesia. The Primary data collected by distributing questionnaires using a Likert scale. There are 239 samples have collected based on the combination of purposive and convenience sampling methods. The study used descriptive statistical techniques and path analysis techniques for data analysis. Based on path analysis results, study findings indicate that there is a significant influence of financial knowledge on financial self-efficacy; financial self-efficacy and financial knowledge on financial behavior; financial attitude and financial self-efficacy on financial behavior but there is no significant influence of financial knowledge on financial behavior. The study results also showed that adolescent habits are still not good but can be improved through education such as character education and achievement of a better motivation to deal with economic problems. The study recommended that the good habits can be passed on to friends of his age, especially adolescents so they can have a good future.
 JEL Classification Codes: F36, G02, A23.

Understanding Financial Behavior in Generation Z

“…These results are according to the studies of Sam et al, (2022), Pamikatsih et al, (2022), Adiputra et al, (2021), Wiyanto et al, (2019 that the effect of positive financial knowledge is significant on financial behavior. In a direction according to Nyoto et al, (2021); Patricia and Nuringsih (2022) although the results are not significant. Financial knowledge increases the ability to plan finances to avoid financial problems.…”

“…Wiyanto et al, (2019) stated that limited financial knowledge has an impact on poor financial planning so that this knowledge is a basic need for an individual to avoid financial problems. Nyoto et al, (2021); Patricia and Nuringsih (2022) did not prove a significant effect of financial knowledge on financial behavior, whereas Pamikatsih et al, (2022), Adiputra et al, (2021) produced a significant effect on financial behavior. In accordance with Generation Z, the formulation of first hypothesis is: Ha1: Financial knowledge has a positive effect on financial behavior in Generation Z…”

Leadership Style, Motivation, and Organizational Culture on Job Satisfaction and Teacher Performance

“…Meanwhile, according to (Suwatno, 2014) job satisfaction is a worker's feelings towards his work, whether he likes or likes or dislikes or dislikes as a result of the interaction of workers with work environment or as a perception of mental attitude, as well as the result of workers' assessment of their work. Workers' feelings towards their work reflect their attitude and behavior (Nyoto, Renaldo, Karuppannan, Bhuiyan, & Kumarasamy, 2021) at work.…”

The Influence of Brand Image and Promotion on the Decisions of Students in Stie Mahaputra Riau With Learning Interest as Intervening Variables

“…Based on the description above, it can be concluded that buying interest arises because of a learning process that creates a motivation in consumers to fulfill their needs and is a psychological aspect that influences the attitudes and behavior (Nyoto, Renaldo, Karuppannan, Bhuiyan, & Kumarasamy, 2021) of consumers to buy a product which is influenced by the information it receives.…”