Abstract

Students of the millennial generation have several characteristics, including being wasteful in their management of money and being highly dependent on information and communication technology. These phenomena mean financial literacy is important for them, in order that they become capable, wise, and efficient individuals who are future-oriented in managing their personal finances. This study aims to create a model for developing the financial management behavior of students. It covers five variables, namely financial behavior, financial attitude, financial knowledge, social media exposure, and peer influence. By using purposive sampling and a five-point Likert scale questionnaire, this study collected data from 327 students spread across several universities in Indonesia. The results of the descriptive analysis show that the students’ financial management behavior (FMB), financial attitude, and financial knowledge are classified as good. Structural equation modeling (SEM) analysis using the single-composite indicator technique shows that 58% of FMB is influenced by financial exposure from social media, financial attitude, and peer influence. Social media exposure and peer influence take on a strategic nature. Financial knowledge, financial attitude, and financial behavior are internal variables related to financial literacy. Further research would need to identify the external variables that have a potential influence on the internal variables of financial literacy.

摘要

千禧一代的学生有几个特点，包括浪费金钱和高度依赖信息和通信技术。这些现象意味着金融知识对他们很重要，以便他们成为有能力、明智和高效的人，并在管理个人财务方面面向未来。本研究旨在为培养学生的财务管理行为创造一个模型。它涵盖五个变量，即金融行为、金融态度、金融知识、社交媒体曝光度和同伴影响。通过使用有目的的抽样和李克特五点量表问卷，本研究收集了来自印度尼西亚几所大学的 327 名学生的数据。描述性分析的结果表明，学生的财务管理行为（FMB）、财务态度和财务知识被归类为良好。使用单一复合指标技术的结构方程模型 (SEM) 分析表明，58% 的 FMB 受到来自社交媒体、财务态度和同行影响的财务敞口的影响。社交媒体曝光和同行影响具有战略性质。金融知识、金融态度和金融行为是与金融素养相关的内在变量。进一步的研究需要确定对金融素养的内部变量有潜在影响的外部变量。使用单一复合指标技术的结构方程模型 (SEM) 分析表明，58% 的 FMB 受到来自社交媒体、财务态度和同行影响的财务敞口的影响。社交媒体曝光和同行影响具有战略性质。金融知识、金融态度和金融行为是与金融素养相关的内在变量。进一步的研究需要确定对金融素养的内部变量有潜在影响的外部变量。使用单一复合指标技术的结构方程模型 (SEM) 分析表明，58% 的 FMB 受到来自社交媒体、财务态度和同行影响的财务敞口的影响。社交媒体曝光和同行影响具有战略性质。金融知识、金融态度和金融行为是与金融素养相关的内在变量。进一步的研究需要确定对金融素养的内部变量有潜在影响的外部变量。和金融行为是与金融素养相关的内部变量。进一步的研究需要确定对金融素养的内部变量有潜在影响的外部变量。和金融行为是与金融素养相关的内部变量。进一步的研究需要确定对金融素养的内部变量有潜在影响的外部变量。