Financial behavior as a mediating influence of financial knowledge on financial distress in millennial generation in candi subdistrict, sidoarjo district
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Dec 30, 2023
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Abstract
Financial management is very important for all groups, including the millennial generation who have minimal income because they are still in school to avoid consumptive purchases and financial distress. The purpose of this study is tiio gaiiin a deeper understanding of financial behavior as a mediiiating iiinfluence oiif financiiial knowledge on financial distress among the younger generation living in the temple sub-district of Sidoarjo city. This research can be classified as quantitative research using the path analysis method. The data collection technique used is a questionnaire using a Likert scale as the basis for measurement. The population of this study were adolescents in the temple sub-district aged 10-18 years. To determine the sample used non-probability sampling, and the sampling method used Accidental Sampling. The sample size studied was 80 respondents. The results showed that the financiiial knowledge variable had a negative and significant effect oiin financiiial distress, the financiiial kiinowledge variable had a positive and significant effect on financial behavior, and the financial behavior variiiable had a positive and significant effect oiin financial distress. The relationship between intervening variables shows tiihat financiiial behavior has a positive and significant effect in mediating financiiial knowledge on financial distress in financial management.
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How to Cite
Lestari, A. P., & Zaki, A. (2023). Financial behavior as a mediating influence of financial knowledge on financial distress in millennial generation in candi subdistrict, sidoarjo district. Enrichment : Journal of Management, 13(5), 3407-3415. https://doi.org/10.35335/enrichment.v13i5.1800
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Susilawati, C. E., & Sugiarto, V. D. (2021). Financial Behavior Sebagai Moderasi Pengaruh Financial Knowledge dan Financial Attitude Terhadap Financial Distress pada Generasi Milenial. J-MAS (Jurnal Manajemen Dan Sains), 6(2), 338. https://doi.org/10.33087/jmas.v6i2.295
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Adriani, J. (2021). Factors Affecting Financial Behaviors: Studies in Students Who Do Venture Creation. International Journal of Review Management Business and Entrepreneurship (RMBE), 1(2), 191–204.
Afif, M. Y., & Sulhan, M. (2022). Analisis Behavioral Finance, Financial Literacy dan Dampaknya Pada Financial Distress. 11, 1–9. https://doi.org/10.14341/conf05-08.09.22-132
Ameliawati, M., & Setiyani, R. (2018). The Influence of Financial Attitude , Financial Socialization , and Financial Experience to Financial Management Behavior with Financial Literacy as the Mediation Variable. KnE Social Sciences, 2018, 811–832. https://doi.org/10.18502/kss.v3i10.3174
Amirrudin, M., Nasution, K., & Supahar, S. (2020). Effect of Variability on Cronbach Alpha Reliability in Research Practice. Jurnal Matematika, Statistika Dan Komputasi, 17(2), 223–230. https://doi.org/10.20956/jmsk.v17i2.11655
Andriyani, P., & Sulistyowati, A. (2021). ANALISIS PENGARUH LITERASI KEUANGAN , INKLUSI KEUANGAN , DAN TINGKAT PENDIDIKAN TERHADAP PERILAKU KEUANGAN PELAKU UMKM KEDAI / WARUNG MAKANAN DI DESA BAHAGIA KABUPATEN BEKASI. Jurnal Manajemen & Bisnis Aliansi, 61–70.
Azizah, N. S. (2020). PENGARUH LITERASI KEUANGAN, GAYA HIDUP PADA PERILAKU KEUANGAN PADA GENERASI MILENIAL. Prisma (Platform Riset Mahasiswa Akuntansi), 01, 92–101. https://doi.org/10.2307/j.ctt1tg5gmg.7
Baptista, S., Social, A. D.-I. J. of, & 2021, undefined. (2021). The Influence of Financial Attitude, Financial Literacy, and Locus of Control on Financial Management Behavior. Ejournal.Undiksha.Ac.Id, 5(1), 93–98. https://ejournal.undiksha.ac.id/index.php/IJSSB/article/view/31407
Beny, S. K. (2021). The Effect of Financial Knowledge , Financial Behavior , and Religiosity on Personal Financial Distress in the Millenial Generation ( Case Study in the Community of Semarang City ). 169(Icobame 2020), 338–340.
Chin, W. W. (1998). Issues and Opinion on Structural Equation Modeling. In MIS Quaterly (Vol. 22, Issue 1, pp. vii–xvi).
Fitra Nurwinda, & Dewi, A. S. (2020). Analisis Hubungan Antara Financial Literacy Dan Financial Distress (Studi Pada Dewasa Muda Di Provinsi Dki Jakarta). Jurnal Mitra Manajemen, 4(1), 126–139. https://doi.org/10.52160/ejmm.v4i1.329
Fitriani, A., & Widodo, A. (2020). PENGARUH FINANCIAL KNOWLEDGE TERHADAP FINANCIAL BEHAVIOR DENGAN FINANCIAL ATTITUDE SEBAGAI VARIABEL. JIMEA | Jurnal Ilmiah MEA (Manajemen, Ekonomi, Dan Akuntansi), 4(2), 310–319.
Furadantin, N. R. (2018). Analisis Data Menggunakan Aplikasi SmartPLS v.3.2.7 2018. Academia (Accelerating the World’s Research), 1–8.
Hubona, G., & Belkhamza, Z. (2021). Testing a moderated mediation in PLS-SEM: A full latent growth approach. Data Analysis Perspectives Journal, 2(4), 1–5.
Isanti, V. F., & Dewi, A. S. (2021). ANALISIS HUBUNGAN ANTARA FINANCIAL LITERACYDAN FINANCIAL DISTRESS PADA GENERASI MILENIAL DI KOTA SEMARANG. Jurnal Ilmiah MEA ( Manajemen , Ekonomi , Dan Akuntansi ), 5(1), 686–702.
Janine K. Scott, P. D., & Nghia, N. V. (2019). Financial Capability : Literacy , Behavior , and Distress.
Jufrizen, J., & Rahmadhani, K. N. (2020). Pengaruh Budaya Organisasi Terhadap Kinerja Pegawai Dengan Lingkungan Kerja Sebagai Variabel Moderasi. JMD : Jurnal Riset Manajemen & Bisnis Dewantara, 3(1), 66–79. https://doi.org/10.26533/jmd.v3i1.561
Juliandi, A. (2018). Structural Equation Model Partial Least Square (SEM-PLS) Menggunakan SmartPLs. Jangan Belajar, 1(was), 1.
Justyn, F., & Marheni, D. K. (2020). Pengaruh Financial Attitude, Financial Education, Financial Knowledge, Financial Experience, dan Financial Behavior terhadap Financial Literacy pada Pelajar Kota Batam. Journal of Global Business and Management Review, 21–32.
Lajuni, N., Bujang, I., Karia, A. A., & Yacob, Y. (2018). RELIGIOSITY, FINANCIAL KNOWLEDGE, AND FINANCIAL BEHAVIOR INFLUENCE ON PERSONAL FINANCIAL DISTRESS AMONG MILLENNIAL GENERATION. Jurnal Manajemen Dan Kewirausahaan, 20(2), 92–98. https://doi.org/10.9744/jmk.20.2.92-98
Rahman, M., Isa, C. R., Masud, M. M., Sarker, M., & Chowdhury, N. T. (2021). The role of financial behaviour, financial literacy, and financial stress in explaining the financial well-being of B40 group in Malaysia. Future Business Journal, 7(1), 1–18. https://doi.org/10.1186/s43093-021-00099-0
Rianto, M. (2023). The Influence of Financial Literacy , Financial Behavior , Religiosity and Risk on Financial Distress : Case of Millennial Generation During the Covid-19. East Asian Journal of Multidisciplinary Research (EAJMR), 2(1), 271–280.
Susilawati, C. E., & Sugiarto, V. D. (2021). Financial Behavior Sebagai Moderasi Pengaruh Financial Knowledge dan Financial Attitude Terhadap Financial Distress pada Generasi Milenial. J-MAS (Jurnal Manajemen Dan Sains), 6(2), 338. https://doi.org/10.33087/jmas.v6i2.295
Triamonica, C., & Asandimitra, N. (2020). Determinan kontrak futures komoditi timah di bursa komoditi dan derivatif indonesia. Jurnal Ilmu Manajemen, 8, 564–578.
Wijaya, I. (2020). PENGARUH FINANCIAL KNOWLEDGE, FINANCIAL SATISFACTION, FINANCIAL CONFIDENCE TERHADAP FINANCIAL DISTRESS. Malaysian Palm Oil Council (MPOC), 21(1), 1–9. http://journal.um-surabaya.ac.id/index.php/JKM/article/view/2203%0Ahttp://mpoc.org.my/malaysian-palm-oil-industry/