The roles of peers and social media in building financial literacy among the millennial generation: A case of indonesian economics and business students

Yanto, Heri; Ismail, Norashikin; Kiswanto, Kiswanto; Rahim, Nurhazrina Mat; Baroroh, Niswah

doi:10.1080/23311886.2021.1947579

Cited by 35 publications

(24 citation statements)

References 36 publications

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…To measure the goodness of fit of the model that has been developed, this study uses eight indices as used by Yanto et al (2021). The chi-squared is expected to be insignificant with a p-value above 0.05 (Ferdinand, 2005;Ghozali, 2007).…”

Section: Discussionmentioning

confidence: 99%

See 1 more Smart Citation

The Roles of Entrepreneurial Skills, Financial Literacy, and Digital Literacy in Maintaining MSMEs during the COVID-19 Pandemic

Yanto

Kiswanto

Baroroh

et al. 2022

5002

Self Cite

View full text Add to dashboard Cite

The COVID-19 pandemic has negatively impacted the economic growth of Indonesia. Government regulations to limit large-scale social activities has caused marketing and financial difficulties for micro, small and medium enterprises (MSMEs). Digital and financial literacy have the potential to overcome the problems. This study attempts to identify the determinants of MSME sustainability during the pandemic. By using a questionnaire, this study collected 204 data from MSMEs for further analyses. MSME sustainability is influenced by the digital and financial literacy of MSME owners and is a cause for concern. The implementation of health and safety measures (HSM) has an insignificant impact on business sustainability, but HSM affects financial and digital literacy. Entrepreneurial skills are important to improve HSM and owners’ digital and financial literacy. The government and other parties need to provide more soft loans and facilitate MSMEs to develop entrepreneurial skills, digital and financial literacy to improve business sustainability during the pandemic.

show abstract

Section: Discussionmentioning

confidence: 99%

“…The financial literacy variable measured the MSME owners' understanding of finance. Questions relating to this variable were adapted from the work ofYanto, Ismail, Kiswanto, Rahim, & Baroroh (2021). The digital literacyvariable measured the MSME owners' knowledge of digital technology for business purposes.…”

mentioning

confidence: 99%

The Roles of Entrepreneurial Skills, Financial Literacy, and Digital Literacy in Maintaining MSMEs during the COVID-19 Pandemic

Yanto

Kiswanto

Baroroh

et al. 2022

5002

Self Cite

View full text Add to dashboard Cite

show abstract

“…Peers serve as a source of inspiration for individuals regarding how they think, perceive, and behave. Peers significantly impact their exposure to social media, financial behaviour, and financial knowledge (Yanto et al, 2021). According to a study, social influence in internet banking significantly affects behavioural intention .…”

Section: Peers' Influencementioning

confidence: 99%

The Perceived Attitude of Bank Customers towards the Intention to Use Digital Banking in Malaysia

Mohamad¹,

Osman²,

Mohamad³

et al. 2023

IJARBSS

View full text Add to dashboard Cite

Digital banking is a new concept that entails a complete digital shift. Malaysia's sizable banked population is hastening the digitalisation of banking services. Malaysia is about to embrace digital banking. While digital technology has advanced, it still simplifies banking. However, some users are aware of it but are unwilling to use it. Thus, increasing digital adoption in Malaysia is required to ensure the success of digital banking. Despite the trend toward digital banking, these numbers remain low. Thus, this study aims to assess the impact of perceived usefulness, ease of use, trust, and peer influence on attitude, as well as the impact of attitude on intention to use a digital bank. The Technology Acceptance Model (TAM) was used in this study to investigate the effect of perceived usefulness, ease of use, trust, and peer influence on the intention to use digital banking. The research framework for this study included perceived usefulness, ease of use, trust, peer influence attitude, and intention. Perceived usefulness, ease of use, trust, and peer influence are all independent variables. Attitude is a moderator, and intention is a dependent variable. This study is quantitative and will rely on primary data. All measurement items were evaluated using Likert scales ranging from strongly disagree to agree strongly. This study also employed non-probability purposive sampling. The data for this study will be cleaned and screened using SPSS 18. The data were analysed using partial least squares structural equation modelling, and SmartPLS 3 was used to analyse reliability, validity, and hypothesis testing data.

show abstract

“…The information individuals or consumers gather intentionally from various media sources will facilitate their financial planning and thereby influence their financial well-being (Hira et al, 2013;LeBaron-Black et al, 2022;Yanto et al, 2021). Among the socialization agents, media offers the scope to individuals to intentionally seek, process, and use information that they deem relevant.…”

Section: Review Of Literature and Hypothesis Developmentmentioning

confidence: 99%

Financial planning propensity in working adults: exploring the role of media

Godase,

Supriya

2023

View full text Add to dashboard Cite

PurposeThe study aims to explore the role of media in enhancing financial knowledge, financial self-efficacy, and financial planning propensity among working adults in India.Design/methodology/approachPrimary survey-based data (n = 542) were analyzed using covariance based-structural equation modeling.FindingsMedia has a positive impact on financial knowledge. Financial knowledge positively mediates the relationship between media usage and financial self-efficacy and financial planning propensity. Also, financial knowledge and financial self-efficacy positively mediate the relationship between media usage and financial planning propensity.Originality/valueThe role of media as a significant agent of consumer socialization is an under-researched area. The authors contribute to the existing literature by demonstrating the role of media in improving financial knowledge and financial self-efficacy to promote financial planning propensity among working adults.

show abstract

The roles of peers and social media in building financial literacy among the millennial generation: A case of indonesian economics and business students

Cited by 35 publications

References 36 publications

The Roles of Entrepreneurial Skills, Financial Literacy, and Digital Literacy in Maintaining MSMEs during the COVID-19 Pandemic

The Roles of Entrepreneurial Skills, Financial Literacy, and Digital Literacy in Maintaining MSMEs during the COVID-19 Pandemic

The Perceived Attitude of Bank Customers towards the Intention to Use Digital Banking in Malaysia

Financial planning propensity in working adults: exploring the role of media

Contact Info

Product

Resources

About