ANALYSIS OF SOCIAL INFLUENCE, FINANCIAL LITERACY, AND SAVING BEHAVIOUR ON STUDENTS IN BANDUNG CITY USING SELF-CONTROL AS A MODERATION VARIABLE
Keywords:
Financial literacy, Parental Influence, Peer Influence, Saving Behaviour, Self-control, StudentsAbstract
Financial literacy is essential for effectively managing and making financial decisions. Indonesia has a poor degree of financial literacy, which leads to excessive consumption. Supported by Consumer Survey conducted by Bank Indonesia show the level of saving behaviour in society is still low. Students as an element tend not to have good financial management skills and become consumptive. This study aims to analyze the influence of social influence, financial literacy, saving behaviour, and self-control as moderating variable on students in Bandung City. In research, quantitative methods are used. The data were collected from 400 Bandung students aged 18 to 25 and analyzed using Partial Least Squares (PLS) Structural Equation Modeling (SEM). This study found that social influence had significant effect on financial literacy, financial literacy influences saving behaviour, financial literacy mediates the relationship between social influence and saving behaviour, and self-control moderates the relationship between financial literacy and saving behaviour.
Downloads
References
Alelkam, J. M. El., Sallelh, M. S. B. M., & Mokhtar, S. S. bin M. (2018). Thel Elffelct of Family, Pelelr, Belhavior, Saving and Spelnding Belhavior on Financial Litelracy among Young Gelnelrations. Intelrnational Journal of Organizational Leladelrship, 7(3), 309–323. https://doi.org/10.33844/ijol.2018.60258
Alshelbami, A. S., & Aldhyani, T. H. H. (2022). Thel Intelrplay of Social Influelncel, Financial Litelracy, and Saving Belhaviour among Saudi Youth and thel Modelrating Elffelct of Sellf-Control. Sustainability (Switzelrland), 14(14). https://doi.org/10.3390/su14148780
Bank Indonelsia. (2022). Laporan Surveli Konsumeln. https://www.bi.go.id/id/publikasi/laporan/delfault.aspx?Katelgori=surveli konsumeln&Pelriodel=bulanan
Baptista, S. M. J., & Delwi, A. S. (2021). Thel Influelncel of Financial Attitudel, Financial Litelracy, and Locus of Control on Financial Managelmelnt Belhavior. Intelrnational Journal of Social Scielncel and Businelss, 5(1), 93–98. https://doi.org/10.23887/ijssb.v5i1.31407
Ghozali, I. (2021). Partial Lelast Squarels - Konselp, Telknik dan Aplikasi melnggunakan Program SmartPLS 3.2.9 untuk Pelnellitian Elmpiris (3rd eld.). Badan Pelnelrbit Univelrsitas Diponelgoro.
Hair, J. F., Hult, G. T. M., Ringlel, C. M., & Sarsteldt, M. (2017). A Primelr on Partial Lelast Squarels - Structural Elquation Modelling (PLS-SElM). (2nd eld.). SAGEl Publications.
Hair Jr, J. F., Hult, G. T. M., Ringlel, C. M., Sarsteldt, M., Danks, N. P., & Ray, S. (2021). Partial Lelast Squarels Structural Elquation Modelling Using R. In Springelr. https://doi.org/https://doi.org/10.1007/978-3-030-80519-7
Ling, H. (2021). Deltelrminants of Saving Belhaviour among Univelrsitiels Studelnts in Guangdong Provincel. Thel Frontielrs of Socielty, Scielncel and Telchnology, 3(5), 51–70. https://doi.org/10.25236/fsst.2021.030510
Isanti, V. F., & Delwi, A. S. (2021). Analisis Hubungan Antara Financial Litelracy dan Financial Distrelss Pada Gelnelrasi Milelnial Di Kota Selmarang. Jurnal Ilmiah MElA (Manajelmeln, Elkonomi, Dan Akuntansi), 5(1), 686–702.
Mpaata, El., Koskel, N., & Saina, El. (2021). Doels sellf-control modelratel financial litelracy and savings belhavior rellationship? A casel of micro and small elntelrprisel ownelrs. Currelnt Psychology, April 2022. https://doi.org/10.1007/s12144-021-02176-7
Nafisah, A. N. (2020). Program Studi Manajelmeln, Fakultas Elkonomi dan Bisnis Univelrsitas Brawijaya Malang. Jurnal Ilmiah Mahasiswa FElB.
OElCD. (2017). PISA 2015 Asselssmelnt and Analytical Framelwork: Scielncel, Relading, Mathelmatic, Financial Litelracy and Collaborativel Problelm Solving (Relviseld Eldition). In OElCD Publishing.
Putri, D. N., & Wijaya, C. (2020). Analysis of Parelntal Influelncel, Pelelr Influelncel, and Meldia Influelncel Towards Financial Litelracy at Univelrsity of Indonelsia Studelnts. Intelrnational Journal of Humanitiels and Social Scielncel, 7(2), 66–73. https://doi.org/10.14445/23942703/ijhss-v7i2p112
Relzkia, S., & Delwi, A. S. (2022). Analisis Hubungan antara Financial Litelracy dan Financial Distrelss (Studi Delwasa Muda di Kota Pelkanbaru). Jurnal Ilmiah MElA (Manajelmeln, Elkonomi, Dan Akuntansi), 6(5), 390–407.
Tarisha, A., Ardi, K. H., Fatkhurrahman, I. N., & Margareltha, F. (2021). Financial Litelracy on Saving belhaviour in MSMEls with Social Influelncel as an Intelrvelning Variablel. Oktobelr, 5(2), 24–37. http://jurnal.abulyatama.ac.id/humaniora.
