The influence of financial knowledge, financial attitude, personality, and locus of control on financial management behavior
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Published:
Feb 28, 2025
Keywords:
Financial Attitude, Financial knowledge, Financial Management Behavior, Locus of control, Personality
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Economy
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Abstract
Basically, the financial management behavior of MSMEs in Kroya Market is influenced by various factors such as financial knowledge, financial attitudes, personality, and locus of control. Based on this, the purpose of this study is to determine the effect of financial knowledge, financial attitudes, personality, and locus of control on financial management behavior of MSMEs in Kroya Market. This study uses a quantitative method. The target population of this study consists of MSMEs in Kroya Market. This study involved 78 respondents. This study used multiple regression analysis techniques. Data were collected by distributing questionnaires to MSME traders in Kroya Market and processed using SPSS 25 for Windows. Based on the results of the study obtained, financial knowledge, financial attitudes, personality, and locus of control have a significant effect on financial management behavior. The determinant test of the independent variables showed an influence of 41.5% on the dependent variable
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Setiabudhi, H., Suwono, S., Latif, E. A. . and Yusti, D. J. . (2025) “The influence of financial knowledge, financial attitude, personality, and locus of control on financial management behavior”, Jurnal Mantik, 8(4), pp. 1705-1714. doi: 10.35335/mantik.v8i4.6013.
References
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Pujianti, L., & Umaimah, U. (2024). Pengaruh Financial Knowledge, Financial Attitude, Dan Lifestyle Pattern Terhadap Financial Management Behavior Dengan Locus of Control Sebagai Variabel Mediasi. Jurnal Online Insan Akuntan, 9(1), 87. https://doi.org/10.51211/joia.v9i1.2863
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Sajid, M., Mushtaq, R., Murtaza, G., Yahiaoui, D., & Pereira, V. (2024). Financial literacy, confidence and well-being: The mediating role of financial behavior. Journal of Business Research, 182, 114791. https://doi.org/https://doi.org/10.1016/j.jbusres.2024.114791
Santoso, R. A., Vilantika, E., & Soelistya, D. (2024). Locus of Control Mediates The Impact of Financial Knowledge , Attitudes , and Experience on Financial Behavior. 15(2). https://doi.org/10.18196/mb.v15i2.23506
Setiabudhi, H., & Nugraha, G. A. (2024). Analisis Data Penelitian Menggunakan SPSS: Langkah Praktis dan Studi Kasus. Borneo Novelty Publishing. https://ebooks.borneonovelty.com/publications/584981/analisis-data-penelitian-menggunakan-spss-langkah-praktis-dan-studi-kasus
Setiabudhi, H., & Pamikatsih, M. (2023). Analisis Faktor-Faktor yang Mempengaruhi Pengungkapan Akuntansi Sumber Daya Manusia pada Perbankan di Indonesia Analysis of Factors Affecting of Human Resource Accounting Disclosure in Banking in Indonesia. Monex-Journal of Accounting Research, 12(01). https://ejournal.poltekharber.ac.id/index.php/monex/article/view/4184/2250
Setiawan, H., & Laulita, N. B. (2024). Analysis Implications of Financial Literacy, Socialization, Experience, Attitude, and Locus of Control on Financial Behavior of University Student. Jurnal Maksipreneur: Manajemen, Koperasi, Dan Entrepreneurship, 13(2), 595–606. https://doi.org/10.30588/jmp.v13i2.1385
Sholihah, I., & Hadyarti, V. (2024). The influence of financial literacy, financial self-efficacy, and locus of control on financial management behaviour of msme in sampang district. COSTING: Journal of Economic, Business and Accounting, 7. https://journal.ipm2kpe.or.id/index.php/COSTING/article/view/13186/8320
Sitorus, M. R. U., & Adlina, H. (2024). Pengaruh Financial Knowledge Dan Internal Locus Of Control Terhadap Personal Financial Management Behavior (Studi Pada Pelaku UMKM Di Jalan STM Kota Medan). Jurnal Ilmiah Wahana Pendidikan, 10(November), 826–838. http://www.jurnal.peneliti.net/index.php/JIWP/article/view/8691/7415
Suliyanto. (2011). Ekonomitrika Terapan: Teori & Aplikasi dengan SPSS. Penerbit ANDI.
Tan, X., Hu, Z., Niu, Y., & Xu, J. (2024). Chinese College Student Financial Literacy: Knowledge, Attitude, and Behavior. SAGE Open, 14(3), 1–14. https://doi.org/10.1177/21582440241271189
Yusup, R., & Jasuni, A. Y. (2024). The Role of Financial Knowledge and Personality on Financial Management Behavior. Jurnal Manajemen Bisnis, 11(1), 340–351. https://doi.org/10.33096/jmb.v11i1.738
Zaen, M., Innayah, M. N., Purwidianti, W., & Aryoko, Y. P. (2024). Factors Affecting Financial Management Behavior of Millennial Generation?: The Role of Financial Attitude , Financial Literacy , Locus of Control , and Financial Knowledge. JENIUS Scientific Journal, Human Resource Management, 8(1), 22–33. https://openjournal.unpam.ac.id/index.php/JJSDM/article/view/42859/21037
Adelia Dwi, N., Muhammad Ali, F., Eka Shinta, W., & Wardana, M. G. W. (2024). Financial management behavior: The role of financial knowledge, financial attitude, and personality. Kompartemen:Jurnal Ilmiah Akuntansi, 22(2), 342–352. https://doi.org/10.33096/jmb.v11i1.738
Agustina, N. R., & Mardiana. (2020). The Effect of Financial Knowledge and Financial Attitude on Financial Management Behavior Mediated with Locus of Control. Management and Economics Journal, 4(3), 273–284. https://ejournal.uin-malang.ac.id/index.php/mec/article/viewFile/5300/pdf
Ajzen, I. (1991). The Theory of Planned Behavior. Organizational Behavior and Human Decision Processes, 50, 179–211. https://doi.org/https://doi.org/10.1016/0749-5978(91)90020-T
Aziz, D. A., & Zoraya, I. (2024). How Financial Literacy, Financial Attitudes and Personality Affect MSMe Management Behavior? Case in Bengkulu. Hasanuddin Economics and Business Review, 7(3), 113. https://doi.org/10.26487/hebr.v7i3.5126
Cheng, X., Niu, Y., & Zou, Y. (2024). Effects of Financial Knowledge on Rationality of Financial Behavior in College Student: A Mediation Model BT - The Eighteenth International Conference on Management Science and Engineering Management (J. Xu, N. A. Binti Ismail, S. Dabo-Niang, M. H. Ali Hassan, & A. Hajiyev (eds.); pp. 40–51). Springer Nature Singapore. https://link.springer.com/chapter/10.1007/978-981-97-5098-6_4
Hidayat, N., Muhson, A., & Firdaus, M. (2024). PENGARUH LOCUS OF CONTROL, FINANCIAL SOCIALIATION DAN PARENTAL NORMS TERHADAP FINANCIAL MANAGEMENT BEHAVIOR DENGAN FINANCIAL LITERACY SEBAGAI VARIABEL INTERVENING PADA MAHASISWA PENDIDIKAN EKONOMI UNIVERSITAS NEGERI MAKASSAR. Promosi Jurnal Program Studi Pendidikan Ekonomi, 12(1), 205–219. https://ojs.fkip.ummetro.ac.id/index.php/ekonomi/article/view/10415/3536
Kumar, P., Ahlawat, P., Deveshwar, A., & Yadav, M. (2024). Do Villagers’ Financial Socialization, Financial Literacy, Financial Attitude, and Financial Behavior Predict Their Financial Well-Being? Evidence from an Emerging India. Journal of Family and Economic Issues. https://doi.org/10.1007/s10834-024-09976-6
Obenza, B., Torrefranca, J. P., Amarilla, J. D., Pandamon, J., Encarnacion, S., Getalado, G., & Azis, A. H. (2024). Personality Traits and Financial Management Behavior of University Students. International Journal of Business and Applied Economics, 3(1), 1–20. https://doi.org/10.55927/ijbae.v3i1.7309
Prasetya, H., & Putra, S. E. (2020). Pengaruh Persepsi Kemudahan Penggunaan, Manfaat Dan Risiko Terhadap Minat Menggunakan Uang Elektronik Di Surabaya. Jurnal Dinamika Ekonomi & Bisnis, 17(2), 151–158. https://doi.org/10.34001/jdeb.v17i2.1340
Prasetyo, F. A., & Mustaqim, M. (2024). Financial technology, financial knowledge, and financial attitude of Generation Z: Determinants of financial behavior. Journal of Enterprise and Development, 6(2), 335–344. https://doi.org/10.20414/jed.v6i2.9836
Pujianti, L., & Umaimah, U. (2024). Pengaruh Financial Knowledge, Financial Attitude, Dan Lifestyle Pattern Terhadap Financial Management Behavior Dengan Locus of Control Sebagai Variabel Mediasi. Jurnal Online Insan Akuntan, 9(1), 87. https://doi.org/10.51211/joia.v9i1.2863
Rahmawati, I. Y., Wahyu, R. A., Pandansari, T., Hapsari, I., & Inayati, N. I. (2024). The Influence of Financial Literacy, Financial Attitudes, and Personality on Financial Management Behavior of SME in Banyumas Regency Ika. Fokus Bisnis: Media Pengkajian Manajemen Dan Akuntansi, 23(2), 177. https://doi.org/doi.org/10.32639/27kc6j85
Saeedi, S. E., & Nishad, T. M. (2024). Financial well-being and financial behavior: a bibliometric analysis. SN Business & Economics, 4(12), 162. https://doi.org/10.1007/s43546-024-00749-9
Sajid, M., Mushtaq, R., Murtaza, G., Yahiaoui, D., & Pereira, V. (2024). Financial literacy, confidence and well-being: The mediating role of financial behavior. Journal of Business Research, 182, 114791. https://doi.org/https://doi.org/10.1016/j.jbusres.2024.114791
Santoso, R. A., Vilantika, E., & Soelistya, D. (2024). Locus of Control Mediates The Impact of Financial Knowledge , Attitudes , and Experience on Financial Behavior. 15(2). https://doi.org/10.18196/mb.v15i2.23506
Setiabudhi, H., & Nugraha, G. A. (2024). Analisis Data Penelitian Menggunakan SPSS: Langkah Praktis dan Studi Kasus. Borneo Novelty Publishing. https://ebooks.borneonovelty.com/publications/584981/analisis-data-penelitian-menggunakan-spss-langkah-praktis-dan-studi-kasus
Setiabudhi, H., & Pamikatsih, M. (2023). Analisis Faktor-Faktor yang Mempengaruhi Pengungkapan Akuntansi Sumber Daya Manusia pada Perbankan di Indonesia Analysis of Factors Affecting of Human Resource Accounting Disclosure in Banking in Indonesia. Monex-Journal of Accounting Research, 12(01). https://ejournal.poltekharber.ac.id/index.php/monex/article/view/4184/2250
Setiawan, H., & Laulita, N. B. (2024). Analysis Implications of Financial Literacy, Socialization, Experience, Attitude, and Locus of Control on Financial Behavior of University Student. Jurnal Maksipreneur: Manajemen, Koperasi, Dan Entrepreneurship, 13(2), 595–606. https://doi.org/10.30588/jmp.v13i2.1385
Sholihah, I., & Hadyarti, V. (2024). The influence of financial literacy, financial self-efficacy, and locus of control on financial management behaviour of msme in sampang district. COSTING: Journal of Economic, Business and Accounting, 7. https://journal.ipm2kpe.or.id/index.php/COSTING/article/view/13186/8320
Sitorus, M. R. U., & Adlina, H. (2024). Pengaruh Financial Knowledge Dan Internal Locus Of Control Terhadap Personal Financial Management Behavior (Studi Pada Pelaku UMKM Di Jalan STM Kota Medan). Jurnal Ilmiah Wahana Pendidikan, 10(November), 826–838. http://www.jurnal.peneliti.net/index.php/JIWP/article/view/8691/7415
Suliyanto. (2011). Ekonomitrika Terapan: Teori & Aplikasi dengan SPSS. Penerbit ANDI.
Tan, X., Hu, Z., Niu, Y., & Xu, J. (2024). Chinese College Student Financial Literacy: Knowledge, Attitude, and Behavior. SAGE Open, 14(3), 1–14. https://doi.org/10.1177/21582440241271189
Yusup, R., & Jasuni, A. Y. (2024). The Role of Financial Knowledge and Personality on Financial Management Behavior. Jurnal Manajemen Bisnis, 11(1), 340–351. https://doi.org/10.33096/jmb.v11i1.738
Zaen, M., Innayah, M. N., Purwidianti, W., & Aryoko, Y. P. (2024). Factors Affecting Financial Management Behavior of Millennial Generation?: The Role of Financial Attitude , Financial Literacy , Locus of Control , and Financial Knowledge. JENIUS Scientific Journal, Human Resource Management, 8(1), 22–33. https://openjournal.unpam.ac.id/index.php/JJSDM/article/view/42859/21037
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