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The Effect of Financial Knowledge on Financial Behavior Mediated by Financial Attitude and Financial Self Efficacy on MSME Activities in Medan City During the Covid-19

In: Proceedings of the 7th Global Conference on Business, Management, and Entrepreneurship (GCBME 2022)

Author

Listed:
  • Desmilan Amelia

    (Universitas Sumatera Utara)

  • Nisrul Irawati

    (Universitas Sumatera Utara)

  • Chairul Muluk

    (Universitas Sumatera Utara)

Abstract

This study aimed to examine and analyze the effect of financial knowledge on financial behavior mediated by financial attitude and financial self-efficacy directly or indirectly. The approach used in this study was a causal approach. The population, as well as the sample of this study that was taken through the saturated sample method, were all MSMEs actors in the Medan Tembung sub-district registered at the Office of Cooperatives for Micro, Small, and Medium Enterprises in the city of Medan, with as many as 95 MSMEs actors. The data collection techniques in this study employed documentation, observation, and questionnaire techniques. The data analysis technique in this study employed a quantitative approach using statistical analysis using the Outer Model Analysis test, Inner Model Analysis, and Hypothesis Testing. The data processing in this study used the PLS (Partial Least Square) software program. The results showed that Financial knowledge, attitude, and self-efficacy directly had a positive and significant effect on financial behavior. Furthermore, Financial knowledge and attitude had a positive and significant impact on Financial self-efficacy. In contrast, Financial knowledge had a positive and significant effect on financial behavior indirectly mediated by financial attitude. Lastly, financial knowledge positively and significantly impacts financial behavior mediated by financial self-efficacy.

Suggested Citation

  • Desmilan Amelia & Nisrul Irawati & Chairul Muluk, 2024. "The Effect of Financial Knowledge on Financial Behavior Mediated by Financial Attitude and Financial Self Efficacy on MSME Activities in Medan City During the Covid-19," Advances in Economics, Business and Management Research, in: Ratih Hurriyati & Lili Adi Wibowo & Ade Gafar Abdullah & Sulastri & Lisnawati & Yusuf Murtadlo (ed.), Proceedings of the 7th Global Conference on Business, Management, and Entrepreneurship (GCBME 2022), pages 126-137, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-234-7_13
    DOI: 10.2991/978-94-6463-234-7_13
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