Analysis of the Influence of Financial Literacy Determinants on Undergraduate Students in Yogyakarta
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Aug 21, 2023
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Demographics, Financial Knowledge, GPA, Multiple Regression
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Abstract
This research aims to examine the factors influencing students' financial literacy using variables such as gender, age, field of study, participation in financial management classes, father's education, mother's education, amount of pocket money, and Grade Point Average (GPA). The study population comprises active students from different universities in Yogyakarta. A survey approach was employed, including distributing questionnaires to 216 undergraduate students associated with Universitas Islam Indonesia. The statistical tool used to test the hypothesis in this study was multiple linear regression analysis with SPSS 25. The outcomes indicated that gender and age indeed impact financial literacy. In contrast, variables including a field of study, participation in financial management classes, father's education, mother's education, pocket money, and GPA do not influence financial literacy.
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Sastri, G., & Nahda, K. . (2023). Analysis of the Influence of Financial Literacy Determinants on Undergraduate Students in Yogyakarta. International Journal of Management Science and Information Technology, 3(2), 185–194. https://doi.org/10.35870/ijmsit.v3i2.1479
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References
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N. T. Herawati, “Tingkat Literasi Keuangan Mahasiswa Serta Faktor-Faktor yang Mempengaruhinya,” SEMINAR NASIONAL RISET INOVATIF, 2017.
C. Monticone, “Financial Literacy and Financial Advice: Theory and Empirical Evidence,” 2010.
I. Ajzen, “The Theory of Planned Behavior,” Organ Behav Hum Decis Process, vol. 50, pp. 179–211, 1991.
P. Bhushan and Y. Medury, “Financial Literacy and its Determinants,” International Journal of Engineering, Business, and Enterprise Applications (IJEBEA), vol. 4, no. 2, pp. 155–160, 2013.
H. CHEN, “An Analysis Of Personal Financial Literacy Among College Students,” Financial Services Review, vol. 7, no. 2, pp. 107–128, Jan. 1998, doi: 10.1016/S1057-0810(99)80006-7.
S. Coskuner, “Understanding Factors Affecting Financial Satisfaction: The Influence of Financial Behavior, Financial Knowledge and Demographics,” Imperial journal of interdisciplinary research, 2016.
A. Horvai and A. A. Bokarev, “Financial Literacy – Helping Citizens Make Smart Financial Choices,” https://www.worldbank.org/en/news/opinion/2018/06/21/financial-literacy-helping-citizens-make-smart-financial-choices, 2018. https://www.worldbank.org/en/news/opinion/2018/06/21/financial-literacy-helping-citizens-make-smart-financial-choices (accessed Jun. 07, 2023).
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I. Ben Douissa, “Factors affecting College students’ multidimensional financial literacy in the Middle East,” International Review of Economics Education, vol. 35, Nov. 2019, doi: 10.1016/j.iree.2019.100173.
A. Syuliswati, “Pengaruh Gender, Usia, IPK Terhadap Literasi Keuangan Mahasiswa Jurusan Akuntansi Politeknik Negeri Malang,” Akuntansi Bisnis dan Manajemen (ABM), vol. 26, no. 1, pp. 15–31, 2019.
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N. Azizah Shaari, N. Abu Hasan, R. Kumar Moona Haji Mohamed, and M. Ahmad Jafri Md Sabri, “Financial Literacy: A Study Among The University Students,” INTERDISCIPLINARY JOURNAL OF CONTEMPORARY RESEARCH IN BUSINESS , vol. 5, no. 2, 2013.
O. A. Stolper and A. Walter, “Financial literacy, financial advice, and financial behavior,” Journal of Business Economics, vol. 87, no. 5, pp. 581–643, Jul. 2017, doi: 10.1007/s11573-017-0853-9.
I. W. N. Lantara and N. K. R. Kartini, “Financial Literacy Among University Students: Empirical Evidence From Indonesia,” Journal of Indonesian Economy and Business (JIEB), vol. 30, no. 3, pp. 247–256, Mar. 2016, doi: 10.22146/jieb.10314.
L. M. Borden, S. A. Lee, J. Serido, and D. Collins, “Changing College Students’ Financial Knowledge, Attitudes, and Behavior through Seminar Participation,” J Fam Econ Issues, vol. 29, no. 1, pp. 23–40, Mar. 2008, doi: 10.1007/S10834-007-9087-2.
P. W. Grimes, J. S. Lopus, and D. S. Amidjono, “Financial life-skills training and labor market outcomes in Indonesia,” International Review of Economics Education, vol. 41, p. 100255, Nov. 2022, doi: 10.1016/J.IREE.2022.100255.
Romadoni, “Pengaruh Status Sosial Ekonomi Dan Pendidikan Pengelolaan Keuangan Di Keluarga Terhadap Literasi Keuangan Siswa Smk Negeri 1 Surabaya,” JURNAL EKONOMI PENDIDIKAN DAN KEWIRAUSAHAAN, vol. 3, no. 1, pp. 22–34, Mar. 2015, doi: 10.26740/JEPK.V3N1.P22-34.
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A. Amagir, W. Groot, H. M. van den Brink, and A. Wilschut, “Financial literacy of high school students in the Netherlands: knowledge, attitudes, self-efficacy, and behavior,” International Review of Economics Education, vol. 34, Jun. 2020, doi: 10.1016/j.iree.2020.100185.
M. Dewi Radityas and A. Pustikaningsih, “Analysis Of The Factors That Influence Students’ Level Of Financial Literacy Analisis Faktor-Faktor Yang Memengaruhi Tingkat Literasi Keuangan Mahasiswa,” Jurnal Pendidikan Akuntansi Indonesia, vol. XVII, no. 1, 2019.
B. A. Marsh, “Examining The Personal Finance Attitudes, Behaviors, And Knowledge Levels Of First-Year And Senior Students At Baptist Universities In The State Of Texas,” 2006.
J. Khoirunnisaa and I. Rahmayani Johan, “The Effects of Financial Literacy and Self-Control towards Financial Behavior among High School Students in Bogor,” 2020.
Y. Nadishan, M. F. A. Zakiya, K. A. Kulatunga, and A. Hiba, “Financial Literacy among Business Management Undergraduates-Evidence from Business School,” The Journal of Finance , 2018, doi: 10.23897/RG.2.1.11239.06573.
T. W. Widiawati, K. Khusaini, A. Yustira, and L. Wahab, “Peningkatan Literasi Keuangan Melalui Efikasi Diri dan Sosial Ekonomi Orang Tua,” Ekuitas: Jurnal Pendidikan Ekonomi, vol. 10, no. 2, pp. 319–330, 2022, [Online]. Available: https://ejournal.undiksha.ac.id/index.php/EKU
K. Khusaini, B. Mardisentosa, A. Ferry Bastian, R. Taufik, and W. Widiawati, “The Impact Of Financial Education And Socioeconomic Status On The Undergraduate Students’ Financial Literacy,” Media Ekonomi dan Manajemen, vol. 37, pp. 55–76, 2022, doi: 10.24856/mem.v37i1.2385.
I. R. Megasari, “Pembelajaran Pengelolaan Keuangan Orang Tua, Uang Saku, dan Hasil Belajar Terhadap Literasi Keuangan di SMK PGRI 3 Sidoarjo,” Jurnal Ekonomi Pendidikan dan Kewarganegaraan, vol. 2, no. 1, pp. 116–129, 2014.
N. Laily, “Pengaruh Literasi Keuangan Terhadap Perilaku Mahasiswa Dalam Mengelola Keuangan,” 2016.
M. Irman and F. Fadrul, “Analisis Pengaruh Jenis Kelamin, IPK, dan Pengalaman Kerja terhadap Tingkat Financial Literacy,” Journal of Economic, Bussines and Accounting (COSTING), vol. 2, no. 1, pp. 41–56, Dec. 2018, doi: 10.31539/costing.v2i1.345.
W. Ayuwandira and Harsono, “Analysis of Factors Influencing Financial Literacy of Accounting Education Students of Universitas Muhammadiyah Surakarta,” Proceedings of the International Conference of Learning on Advance Education (ICOLAE 2021), vol. 662, 2022.