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The role of self-efficacy in mediating parental financial teaching on financial management behavior: a study on youths in Malang

Author

Listed:
  • Irma Kurniasari

    (Universitas Brawijaya)

  • Sumiati

    (Universitas Brawijaya)

  • Kusuma Ratnawati

    (Universitas Brawijaya)

Abstract

This study aims to examine and analyze the role of self-efficacy in mediating parental financial teaching on financial management behavior. The object of this research is the younger generation as reflected by students. Respondents in this study amounted to 100 students at the Faculty of Economics and Business, Universitas Brawijaya. This study uses quantitative data which is then analyzed using PLS Structural Equation Modeling and hypothesis testing. The results of the analysis in this study illustrate that parental financial teaching, self-efficacy, and financial management behavior have a direct relationship and show a significant positive effect. Self-efficacy is a mediator in this study. The implications of this research are expected to contribute to science and related parties. Key Words:Parental financial teaching, Self-efficacy, Financial management behavior.

Suggested Citation

  • Irma Kurniasari & Sumiati & Kusuma Ratnawati, 2023. "The role of self-efficacy in mediating parental financial teaching on financial management behavior: a study on youths in Malang," International Journal of Research in Business and Social Science (2147-4478), Center for the Strategic Studies in Business and Finance, vol. 12(4), pages 422-433, June.
    • Handle: RePEc:rbs:ijbrss:v:12:y:2023:i:4:p:422-433
    DOI: 10.20525/ijrbs.v12i4.2610
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    References listed on IDEAS

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    1. Liu, Liu & Zhang, Hua, 2021. "Financial literacy, self-efficacy and risky credit behavior among college students: Evidence from online consumer credit," Journal of Behavioral and Experimental Finance, Elsevier, vol. 32(C).
    2. Antonia Grohmann & Lukas Menkhoff, 2015. "School, Parents, and Financial Literacy Shape Future Financial Behavior," DIW Economic Bulletin, DIW Berlin, German Institute for Economic Research, vol. 5(30/31), pages 407-412.
    3. Azwadi Ali & Mohd Rahman & Alif Bakar, 2015. "Financial Satisfaction and the Influence of Financial Literacy in Malaysia," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 120(1), pages 137-156, January.
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