Year: 2025 | Month: January | Volume: 12 | Issue: 1 | Pages: 351-359
DOI: https://doi.org/10.52403/ijrr.20250144
The Effect of Financial Knowledge and Self-Efficacy on Students’ Financial Management Behavior in Indonesia
Sabrin1*, Omasrianto2, Darmono3, Muhammad Nur Afiat4, La Aso5
1,2Department of Accounting Education, Halu Oleo University, Kendari, Indonesia
3Department of Financial Management, Universitas Muhammadiyah Berau, Indonesia
4Department of Development Economics, Halu Oleo University, Kendari, Indonesia
5English Literature Study Program, Faculty of Cultural Studies, Halu Oleo University, Kendari, Indonesia
Corresponding Author: Sabrin
ABSTRACT
This study is aimed at analyzing the effects of both financial knowledge and financial self-efficacy on simultaneously and partially financial management behavior. The research was conducted at the Halu Oleo University and focused on students taking Financial Management course. Data collection techniques used questionnaires and the number of samples was 71 out of the total population of 220. Non-probability sampling with purposive sampling technique was involved. The data analysis techniques included descriptive analysis, classical assumption test and multiple linear regression analysis. The results show that both simultaneously and partially financial knowledge and self-efficacy have a positive and significant effects on the students’ financial management behaviors. The simultaneous effect was indicated by F value of 52.423 which showing positive value with a Sig value of 0,000 < 0,05. Meanwhile, the partial effect by the t value pointed to X1 of 2.585, indicating a positive value with a Sig value of 0.012 < 0,05. The Adjusted R Square value of 59.5% shows the contribution of the influence of financial knowledge and self-efficacy on financial management behavior and the remaining 40.5% was influenced by other variables not included in this study.
Keywords: Financial knowledge, financial self-efficacy, financial management behavior
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