文章基本信息

标题：Financial Literacy, Self-Efficacy, and Financial Behaviour of College Students
本地全文：下载
作者：Anastasia Anggarkusuma Arofah
期刊名称：International Journal of Pedagogy and Teacher Education
印刷版ISSN：2597-7792
电子版ISSN：2549-8525
出版年度：2019
卷号：3
期号：2
页码：129-138
DOI：10.20961/ijpte.v3i2.17546
语种：English
出版社：Universitas Sebelas Maret
摘要：Many policies have been provided to improve the financial literacy of individuals, especially those involving financial education programmes. However, positive financial behaviour requires more than financial literacy: an individual must also have self-confidence or self-belief in their ability to manage their personal finances. This attribute is known in the psychological literature as “self-efficacy”. This paper examines the importance of financial literacy and self-efficacy in affecting individual financial behaviour. The research is conducted through a survey of 129 undergraduates of Economics Education, at Sebelas Maret University. The results of the research show that both financial literacy and self-efficacy have positive and significant effects on financial behaviour. Undergraduates with high financial literacy are more likely to hold investment and savings products and are less likely to hold debt-related products. Similarly, undergraduates who have high self-efficacy are likely to be better at managing their personal finances. Moreover, the significance of financial literacy and self-efficacy has important implications for the development of policies that aim to improve financial behaviour among college students through financial education programmes.