The Influence of Financial Literacy, Fintech, Locus of Control, Financial Self-Efficacy on Financial Management Behavior: Accounting Student at UPN “Veteran” Jawa Timur
DOI:
https://doi.org/10.29080/jai.v12i2.2492Keywords:
Financial Literacy, Financial Management Behavior, Financial Self-Efficacy, Fintech, Locus of ControlAbstract
Abstract
Purpose: This study examines how psychological factors, fintech, and financial literacy shape the money management habits of accounting students, exploring the disconnect between the rise of digital finance and the practical financial difficulties students often encounter.
Methodology/approach: Using a quantitative method and purposive sampling, the research focused on the 2023–2024 cohorts of accounting students at UPN “Veteran” Jawa Timur. Data were analyzed using Structural Equation Modeling-Partial Least Squares (SEM-PLS) 4.0 analysis.
Findings: The findings reveal that financial literacy, self-efficacy, fintech tools, and an internal locus of control are critical determinants of financial management behavior across four areas: saving, credit, cash flow, and consumption. Higher competency and confidence levels result in more disciplined and strategic financial practices.
Practical implications: These results suggest that higher education institutions should prioritize financial education and psychological empowerment to foster sustainable financial habits among students in the digital era.
Originality/value: This research contributes to behavioral finance literature by integrating both cognitive and psychological determinants, providing specific empirical insights into how accounting students navigate personal finance amidst rapid digital transformation.
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