Family Financial Socialization and Financial Behavior on the Covid-19 Perspective

Zunairoh Zunairoh, Marwin Antonius Rejeki Silalahi and Liliana Inggrit Wijaya ()
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Zunairoh Zunairoh: University of Surabaya
Marwin Antonius Rejeki Silalahi: University of Surabaya
Liliana Inggrit Wijaya: University of Surabaya

A chapter in Proceedings of the 19th International Symposium on Management (INSYMA 2022), 2023, pp 28-35 from Springer

Abstract: Abstract The Covid-19 pandemic has had a very high impact on students’ monthly expenses. This is indicated by a decrease in pocket money, changes in the source of pocket money income, and a significant change in student spending. This study investigates the effect of family financial socialization on financial behavior mediated by self-efficacy. The survey was conducted online to 157 private and public undergraduate and postgraduate students in Indonesia, including questions about demographics, family financial socialization, financial behavior, and self-efficacy. The research model consists of three hypotheses tested using structural equation modeling. The results show that family financial socialization has a positive effect on financial behavior directly. Family financial socialization has a positive effect on financial behavior indirectly through self-efficacy.

Keywords: family financial socialization; financial behavior; self-efficacy; the Covid-19 pandemic (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6463-008-4_5

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DOI: 10.2991/978-94-6463-008-4_5

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