The Influence of Financial Literacy, Financial Attitudes, and Financial Behavior of Universitas Sarjanawiyata Tamansiswa Students on Risk-Taking Propensity

Niken Novita Uswatun Khasanah () and Ratih Kusumawardhani
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Niken Novita Uswatun Khasanah: Universitas Sarjanawiyata Tamansiswa, Management Study Program, Faculty of Economics
Ratih Kusumawardhani: Universitas Sarjanawiyata Tamansiswa, Management Study Program, Faculty of Economics

A chapter in Proceedings of the 4th International Conference on Management and Business (ICoMB 2025), 2026, pp 146-156 from Springer

Abstract: Abstract This study aims to analyze the influence of financial literacy, financial attitudes, and financial behavior on students’ risk-taking propensity at Universitas Sarjanawiyata Tamansiswa. The sampling technique used in this research is non-probability purposive sampling, in which samples are selected based on specific criteria: active students of the Management Study Program who are willing to participate and complete the questionnaire. The sample size of 100 respondents was determined using the Slovin formula. The results show that financial literacy and financial behavior have a positive and significant effect on students’ risk-taking propensity, suggesting that greater financial literacy and financial behavior increase students’ willingness to take financial risks. Meanwhile, financial attitude does not have a significant effect on risk-taking propensity. These findings highlight the importance of improving students’ financial literacy and financial behavior to enable them to make smart, rational financial decisions and manage risks effectively in their future economic lives.

Keywords: Financial Literacy; Financial Attitude; Financial Behavior; Risk-Taking Propensity (search for similar items in EconPapers)
Date: 2026
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Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6239-656-2_12

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DOI: 10.2991/978-94-6239-656-2_12

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