The Financial Behavior of Young Generation in Indonesia


  • Irma Kurniasari Management Department, Faculty of Economics and Business, University of Brawijaya, Indonesia
  • Sumiati Management Department, Faculty of Economics and Business, University of Brawijaya, Indonesia
  • Kusuma Ratnawati Management Department, Faculty of Economics and Business, University of Brawijaya, Indonesia



Self-efficacy, financial management behavior, quantitative research



This study explored self-efficacy's link to student financial behavior, assessing its influence and dimensions. The aim was to improve financial literacy and behavior among students through interventions. The study deepened understanding of self-efficacy's role in university students' financial behavior.


In quantitative research, researchers employ SEM, specifically PLS, to examine self-efficacy and financial behavior in university students. The study has 100 student respondents and uses SEM-PLS for complex analysis, aiming to offer empirical evidence for hypotheses. Findings could significantly enrich comprehension of self-efficacy's influence on financial behavior in college students.


Results show a positive link between variables. Higher self-efficacy relates to improved financial behavior. Confident individuals budget, save, and make wise financial choices. This underscores the need to enhance self-efficacy in interventions for better student financial behavior. Overall, findings emphasize self-efficacy's pivotal role in shaping financial behavior.

Research limitations/implications

This study offers empirical evidence of a positive link between self-efficacy and financial behavior, broadening understanding. It highlights psychological factors in financial behavior and extends self-efficacy's role in financial management literature. Financial education programs should enhance self-efficacy for better financial management, benefiting students' overall well-being.


This research merges self-efficacy and financial behavior concepts, showcasing the link between psychological factors and financial actions. Combining these constructs provides a holistic view of how self-beliefs impact financial choices and behaviors.


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