PERSONAL FINANCE DETERMINANTS FACTORS (CASE STUDY ON MANAGEMENT MASTER STUDENTS OF UNIVERSITAS NEGERI JAKARTA)

The objectives of this study are 1) to analyze the factors that influence personal financial behavior, 2) to test the hypothesis of the influence of financial knowledge, financial attitudes, locus of control, and income on personal financial behavior in Masters of Management students at the State University of Jakarta. The unit of analysis is students of Master of Management, State University of Jakarta. The observation unit was 110 respondents who were students of the Jakarta State University Management Masters who were registered from February 2015 to February 2017 with an active status and had received a matriculation program. Data collection techniques using questionnaires and observations. The data analysis technique used is Multiple Regression Analysis and Univariate One-Way ANOVA Test with SPSS 22. The results of the descriptive analysis showed: a) The level of financial knowledge of the respondents reached 83%; b) Financial Attitude has the highest index compared to other dimensions (87%), and c) Locus of Control (79%). The hypothesis testing results show 1) There is an effect of financial knowledge on financial behavior with the tstatistic obtained by 3,968> ttable = 1,659 and prob. value = 0,000 <0.05, then H1 is accepted and significant. 2) There is a direct and significant positive effect of financial attitudes on personal financial behavior with the tstatistic obtained at 4,700> ttable = 1.659 and the value of prob. value = 0.000 <0.05, then H1 is accepted and significant. 3) Locus of control has not influenced personal financial behavior with the t-statistic obtained is 0.257 <ttable = 1.659 and the value of prob.value = 0.798> 0.05, then H1 is not accepted. 4) Income has a significant influence on personal financial behavior, with the test results showing an F value of 3,436 with a Sig of 0.020 <0.05, so H1 is acceptable, so it can be concluded that there is a significant difference in the personal financial behavior of respondents based on the four income categories. Testing the hypothesis proves that income affects personal financial behavior.

Personal Financial Behavior in Surakarta Students

Personal financial literacy among students is still minimal attention. This study aims to examine financial literacy, financial attitude, and lifestyle towards student financial behavior. Students who became respondents were 730 populations and 88 samples. Respondents are STIE Surakarta students who study at night and, on average, have worked. The analysis used is multiple linear analysis with the SPSS version 21 analysis tool. This study indicates that financial literacy has no significant effect on financial behavior, while financial attitude and lifestyle variables significantly affect financial behavior.

Pengaruh Faktor Sosial Ekonomi Dan Materialism pada Personal Financial Behavior melalui Financial Literacy Mahasiswa Akuntansi

The aims of this study is to analyze and to find empirical evidence of the influence of socio-economic factors and materialism on the personal financial behavior of accounting students through their level of financial literacy. The research sample is accounting students at Bukit Jimbaran Campus determined using purposive sampling method. From the sampling process, 67 respondents completed the questionnaire. This study uses path analysis techniques (path analysis). The results of this study found that the financial literacy variable was able to mediate the relationship between the parents' socio-economic status on the pattern of personal financial behavior of accounting students. Social status and materialism attitudes also become factors that influence the level of financial literacy of students and their personal financial behavior. The implications of this research are expected to be useful for educational institutions to develop educational curricula and learning patterns related to socio-economic factors (parent status or income) and psychological factors (materialism) in influencing personal financial behavior of accounting students through the financial literacy level. Keywords: Personal Financial Behavior; Socio-Economic Factors; Materialism; Financial Literacy.

THE DETERMINANTS INFLUENCING PERSONAL FINANCIAL BEHAVIOR THROUGH PERSONAL FINANCIAL STRATEGY

Bankruptcy problems among the individuals in Malaysia is still a continuous concern regardless of its decreasing trend. Malaysian Department of Insolvency (MdI) reveals that most of the loan defaulters were consist of the early adulthood group. These individuals portray how do they make financial decisions in terms of budgeting, savings and expenditure. This study aims to understand the patterns of the savings and expenditure habit of the early adulthood in financial institutions. It is found that the early adulthood shows a good conduct of financial behavior, however there are not properly planned and organized in terms of savings. Apart from that, the objective of this study also is to investigate the significant determinants of financial management, financial attitude and normative influencer towards personal financial behavior by exploring the relationship exist between variables through multiple regression analysis. A survey approach using convenient sampling has been adopted to conduct the study and it was distributed among the employees of financial institution in selected branch of Employees Provident Fund (EPF), Inland Revenue Board of Malaysia (IRBM), CIMB Bank and Hong Leong Bank. Imperatively, Cronbach’s alpha and Exploratory Factor Analysis were tested to improve the reliability of the survey. This study is differed from the previous studies as it adopts Statistical Analysis Software (SAS) for each analysis to gain a meaningful result. To further improve on the previous literatures, this study intends to propose a personal financial strategy which is the Balanced Money Formula on managing personal finance concerning to the allocation of monthly income towards budgeting, savings and expenditure in an optimal manner among early adulthoods. Thus, this particular study uses a real-time data that can be used as references for future research and a new theory on exploring and understanding new financial management methods may be achieved.

Consumer Credit Behavior in the Digital Context: A Bibliometric Analysis and Literature Review

This literature review seeks to map the state of research on the effects of digitization on personal financial behavior and management through a bibliometric analysis and a systematic literature review. The findings indicate that current knowledge is primarily based on perspectives of actors in commerce and systems development. More research is needed on how personal financial behavior change in relation to digital technology, the vulnerability of children and adolescents, and the links between changes in credit behavior and indebtedness. Financial counseling could benefit from an awareness of young adults vulnerability as digital consumers and an extended perception of financial literacy that encompasses requirements of digital society. Policymakers need to be aware of the consequences of digital measurability.