Factors Affecting Financial Management Behavior of Millennial Generation: The Role of Financial Attitude, Financial Literacy, Locus of Control, and Financial Knowledge

Authors

  • Mudrikah Zaen Universitas Muhammadiyah Purwokerto
  • Maulida Nurul Innayah Universitas Muhammadiyah Purwokerto
  • Wida Purwidianti Universitas Muhammadiyah Purwokerto
  • Yudhistira Pradhipta Aryoko Universitas Muhammadiyah Purwokerto

DOI:

https://doi.org/10.32493/JJSDM.v8i1.42859

Keywords:

Financial Management Behavior; Financial Attitude; Financial Literacy; locus of Control; and Financial Knowledge.

Abstract

This study aims to determine the effect of financial attitude, financial literacy, locus of control, and financial knowledge on financial management behavior. The population in this study is the millennial generation in Central Java. The type of research used in this study is descriptive-quantitative with a data processing technique using SEM (Structural Equation Modeling) based on partial least squares (PLS), which includes an outer model and an inner model. The sampling technique used the Slovin formula, which resulted in 135 respondents. The results showed that financial attitude, financial literacy, and locus of control have a positive and significant influence on financial management behavior. However, financial knowledge does not influence financial management behavior.

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Published

2024-09-20

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Vol. 8 No. 1 (2024): JENIUS (Jurnal Ilmiah Sumber Daya Manusia)

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Copyright (c) 2024 Mudrikah Zaen, Maulida Nurul Innayah, Wida Purwidianti, Yudhistira Pradhipta Aryoko

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