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

Authors

  • 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:

https://doi.org/10.14414/jbb.v14i1.4867

Keywords:

Female MSMEs, Financial behavior, Financial knowledge, Solo yogyakarta, Lifestyle

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.

Author Biographies

  • Agustinus Kismet Nugroho Jati, Universitas Pignatelli Triputra, Surakarta, Central Java, Indonesia

    Agustinus Kismet Nugroho Jati is an assistant professor in the Faculty of Economics and
    Business at the Universitas Pignatelli Triputra, Surakarta, Indonesia. He earned a bachelor of
    economics (2012) in financial management from Sekolah Tinggi Ilmu Ekonomi Kesatuan and
    his master of business and administration in financial management from Universitas Gadjah Mada. His current research mainly focuses on financial behavior, financial performance and firm value. He has published academic articles in the Journal of Economics and Business, Journal of Business Inspiration and Management, Management Studies and Entrepreneurship Journal, Journal of Business and Banking, International Journal of Research Science and Management. Author’s contact detail: Faculty of Economics and Business; Universitas Picnatelli Triputra; Jl. Duwet Raya No. 1, Karangasem, Kec. Laweyan, Surakarta, Central Java, 57145. +6281226511401; kismet@upitra.ac.id

  • Endang Purwaningsih, Universitas Pignatelli Triputra, Surakarta, Central Java, Indonesia

    Endang Purwaningsih is a Lecturer at the Faculty of Economics and Business at Pignatelli Triputra University in Indonesia. She earned a bachelor's degree in accounting (1992) from the State Finance College in Malang and a master's degree in management in financial management from Atmajaya University in Yogyakarta (1998). She is currently a Doctoral Candidate in Management Science in Financial Management at the Indonesian College of Economics (STIESIA) in Surabaya. Her current research focuses mainly on financial management and financial behavior, corporate financial performance. She has published academic article in the Ijebar Journal at the AAS Institute of Technology and Business (ITB
    AAS). Author contact details: Faculty of Economics and Business; Pignatelli Triputra University (UPITRA); Jl.Duwet Raya No. 1, Karangasem, Laweyan, Surakarta, Indonesia; +6285713159463; epurwaningsih18@gmail.com

  • Margareta Ernanda Rahardani, Universitas Pignatelli Triputra, Surakarta, Central Java, Indonesia

    Margareta Ernanda Rahardani, S.M., M.M. is a young lecturer in the field of Marketing Management, Faculty of Economics and Business, Pignatelli University, Surakarta. She completed her Bachelor of Management degree in 2019 and Master of Management in 2022 at Soegijaprata Catholic University, Semarang. Her current research focuses on the fields of marketing behavior also green and digital marketing which has been published in the Edunomika Journal and Education Journal. If you want to reach the author more closely, you can contact the Faculty of Economics and Business; Triputra Pignatelli University; Jl. Duwet Raya No. 1, Karangasem, Surakarta, Indonesia; 087785326799; maargaretananda@gmail.com.

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Published

2024-10-31

Issue

Vol. 14 No. 1: May-October 2024

Section

Articles

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Copyright (c) 2024 Agustinus Kismet Nugroho Jati, Endang Purwaningsih, Margareta Ernanda Rahardani

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This work is licensed under a Creative Commons Attribution 4.0 International License.

How to Cite

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

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