Vol 8 (2023): June (in progress)
Business and Economics

The Effect of Financial Literacy, Financial Knowledge, Financial Attitude, Locus Of Control and Income on Financial Management Behavior in Millennial Generation in Sidoarjo City
Pengaruh Literasi Keuangan, Pengetahuan Keuangan, Sikap Keuangan, Locus Of Control dan Pendapatan Terhadap Perilaku Manajemen Keuangan Pada Generasi Milenial di Kota Sidoarjo


Nesia Odila
Universitas Muhammadiyah Sidoarjo, Indonesia
Wisnu Panggah Setiyono
Universitas Muhammadiyah Sidoarjo, Indonesia *

(*) Corresponding Author
Published June 26, 2023
Keywords
  • Financial Literacy,
  • Financial Knowledge,
  • Financial Attittude,
  • Locus of Control,
  • Income,
  • Financial Management Behavior
  • ...More
    Less
How to Cite
Odila, N., & Setiyono, W. P. (2023). The Effect of Financial Literacy, Financial Knowledge, Financial Attitude, Locus Of Control and Income on Financial Management Behavior in Millennial Generation in Sidoarjo City. Academia Open, 8, 10.21070/acopen.8.2023.4099. https://doi.org/10.21070/acopen.8.2023.4099

Abstract

This study aims to determine, explain and analyze the influence of Financial Literacy, Financial Knowledge, Financial Attitude, Locus of Control and Income on Financial Management Behavior in Millennial Generation in Sidoarjo City. This research is based on the fact that there is a lack of financial knowledge for the millennial generation where the financial condition of each individual plays a very important role in managing finances well in the future. This study uses quantitative methods, data collection techniques using questionnaires, distributed to 100 respondents consisting of the millennial generation in Sidoarjo. The data analysis technique used in this study is multiple linear regression using the PLS (Partial Least Square) program. The results of this study indicate that the Financial Literacy variable affects Financial Management Behavior, Financial Knowledge variable affects Financial Management Behavior, Financial Attitude affects Financial Management Behavior, and Locus Of Control variable affects Financial Management Behavior, Income variable affects Financial Management Behavior. Financial Literacy, Financial Knowledge, Financial Attitudinal, Locus of Control and Income have a simultaneous effect on Financial Management Behavior in Millennial Generation in Sidoarjo City.

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