The Role Of Financial Education To Financial Capability And Financial Management : Surakarta Students Analysis
DOI:
https://doi.org/10.56910/ictmt.v1i1.72Keywords:
Financial education, financial knowledge, financial attitude, financial behavior, financial managementAbstract
This study aims to examine the influence of financial capabilities consisting of attitudes, behaviors, and knowledge on financial management mediated by financial education among students in Surakarta. The research method uses a quantitative approach with Structural Equation Modeling (SEM) Partial Least Square (PLS) analysis. Data was collected through an online survey by distributing a Google Form link. There were 170 respondents studied from various universities in Surakarta and most of them came from management and accounting departments. The results of the analysis show that financial education, financial skills consisting of attitudes, behavior and knowledge have a positive and significant effect on financial management, while financial education is successful in partially mediating the influence of attitudes, behavior and knowledge on students' financial management. The implication of these findings is that financial material has an influence on students in managing their finances, especially in terms of frugality and savings. Therefore, college student needs to know and apply the meaning of personal financial management to be able to become students who are good at managing finances and living more prosperously in the future.
References
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Banthia, D., & Dey, SK (2022). Impact of Financial Knowledge, Financial Attitude and Financial Behavior on Financial Literacy: Structural Equitation Modeling Approach. Universal Journal of Accounting and Finance , 10 (1), 327–337. https://doi.org/10.13189/UJAF.2022.100133
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Hadi, HDK, & Dewi, AS (2019). The Role of Financial Capability as a Mediator of Financial Education and Financial Satisfaction (Case Study at Productive Age in Surabaya City). Journal of Insights and Accounting Research , 6 (2), 74. https://doi.org/10.25157/jwr.v6i2.1726
Hair, JF, Sarstedt, M., Hopkins, L., & Kuppelwieser, VG (2014). Partial least squares structural equation modeling (PLS-SEM): An emerging tool in business research. European Business Review , 26 (2), 106–121. https://doi.org/10.1108/EBR-10-2013-0128
Kendida, BH (2018). Financial literacy and financial behavior as a measure of financial satisfaction . 46 (Ebic 2017), 503–507.
Rahma, FA (2022). EDUCATIVE: JOURNAL OF EDUCATIONAL SCIENCES The Influence of Financial Literacy, Financial Self Efficacy and Fintech Payment on Student Personal Financial Management . 4 (3), 3236–3247.
Andrieta Shintia, Dewi Ni Made Distiara Landephy, A. (2021). The Role of Financial Capability as a Mediator of Financial Education and Financial Satisfaction (Case Study at Productive Age in Denpasar City). E-Journal of Economics and Business, Udayana University , 10 (04), 201. https://ojs.unud.ac.id/index.php/EEB/article/view/69612
Banthia, D., & Dey, SK (2022). Impact of Financial Knowledge, Financial Attitude and Financial Behavior on Financial Literacy: Structural Equitation Modeling Approach. Universal Journal of Accounting and Finance , 10 (1), 327–337. https://doi.org/10.13189/UJAF.2022.100133
Putri, K. N., & Mangifera, L. (2024). Analisis Peran Financial Capability terhadap Financial Well-Being dengan mediasi pengguna QRIS. 2(1).
De Meza, D., Irlenbusch, B., & Reyniers, D. (2008). Financial Capability: A Behavioral Economics Perspective. Financial Services Authority , July , 5–108.
Eni Rahmawati, & Sitorus, PM (2020). The Role of Financial Capability as a Mediator of Financial Education and Financial Satisfaction (Case Study in the Productive Age of DI Yogyakarta). Journal of Management Partners , 4 (3), 363–376. https://doi.org/10.52160/ejmm.v4i3.355
Hadi, HDK, & Dewi, AS (2019). The Role of Financial Capability as a Mediator of Financial Education and Financial Satisfaction (Case Study at Productive Age in Surabaya City). Journal of Insights and Accounting Research , 6 (2), 74. https://doi.org/10.25157/jwr.v6i2.1726
Hair, JF, Sarstedt, M., Hopkins, L., & Kuppelwieser, VG (2014). Partial least squares structural equation modeling (PLS-SEM): An emerging tool in business research. European Business Review , 26 (2), 106–121. https://doi.org/10.1108/EBR-10-2013-0128
Kendida, BH (2018). Financial literacy and financial behavior as a measure of financial satisfaction . 46 (Ebic 2017), 503–507.
Rahma, FA (2022). EDUCATIVE: JOURNAL OF EDUCATIONAL SCIENCES The Influence of Financial Literacy, Financial Self Efficacy and Fintech Payment on Student Personal Financial Management . 4 (3), 3236–3247.
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