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

Year: 2024

Type: article

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.

Source: Journal of Business and Banking

DOI: 10.14414/jbb.v14i1.4867

Authors: Agustinus Kismet Nugroho Jati, Endang Purwaningsih, Margareta Ernanda Rahardani

Institution: STIE St. Pignatelli Surakarta

Language: English

Topic: Financial Literacy and Behavior

Subfield: Accounting

Field: Business, Management and Accounting

Domain: Social Sciences

SDGs: Decent work and economic growth, Gender equality, No poverty

Open Access status: diamond

OpenAlex ID: W4407865444

FWCI: 1.019

Cites:

Cited by: 1

Related to: 10