Factors influencing financial behavior: The role of income as a moderator of financial knowledge

Agustinus Kismet  Nugroho Jati; Endang  Purwaningsih; Margareta Ernanda  Rahardani

doi:10.14414/jbb.v14i1.4867

Vol. 14 No. 1 (2024), Articles

Vol. 14 No. 1 (2024) Pages 93-112

Factors influencing financial behavior: The role of income as a moderator of financial knowledge

Agustinus Kismet Nugroho Jati⁺⁻
Endang Purwaningsih⁺⁻
Margareta Ernanda Rahardani⁺⁻

Agustinus Kismet Nugroho Jati

Universitas Pignatelli Triputra, Surakarta, Central Java, Indonesia

Endang Purwaningsih

Universitas Pignatelli Triputra, Surakarta, Central Java, Indonesia

Margareta Ernanda Rahardani

Universitas Pignatelli Triputra, Surakarta, Central Java, Indonesia

DOI: 10.14414/jbb.v14i1.4867

Published 2024-10-31

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Keywords

Female MSMEs
Financial behavior
Financial knowledge
Solo yogyakarta
Lifestyle

How to Cite

Nugroho Jati, A. K., Purwaningsih, E., & Rahardani, M. E. (2024). Factors influencing financial behavior: The role of income as a moderator of financial knowledge. Journal of Business & Banking, 14(1), 93-112. https://doi.org/10.14414/jbb.v14i1.4867

Abstract

The purpose of this study is to analyze the financial behavior of female MSME entrepreneurs, with income as a moderating variable. The data were collected by using a survey as the instrument in the form of a questionnaire. The respondents for this study were female MSME entrepreneurs residing in Solo and Yogyakarta, totaling 400 respondents, with 200 from each region. The distribution of the questionnaire was carried out offline and online via google form. The results indicate that financial knowledge and income do not influence financial behavior, while financial technology and lifestyle negatively affect financial behavior. Internal locus of control and spiritual intelligence positively impact financial behavior, with income which is not able to moderate the relationship between financial knowledge and financial behavior. These results have implications for the financial behavior of women who work as MSME entrepreneurs to improve their financial knowledge so that they become better and wiser in their financial behavior.

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Factors influencing financial behavior: The role of income as a moderator of financial knowledge

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