Title:
THE INFLUENCE OF SOCIAL ECONOMIC AND FINANCIAL KNOWLEDGE ON THE FINANCIAL MANAGEMENT BEHAVIOR OF STUDENTS IN SURAKARTA FROM THE LOCUS OF CONTROL

Authors:
Lutfiah Endah Damayanti, Susilaningsih and Mintasih Indriayu

Abstract:
This study aims to determine 1) The effect of socioeconomic status and financial knowledge on the locus of control; 2) The influence of socioeconomic status and financial knowledge on financial management behavior and 3) The influence of socioeconomic status and financial knowledge on financial management behavior is mediated by the locus of control. This study uses a survey research method using a questionnaire. The sample and population in this study were students of Accounting Education at Sebelas Maret University and Muhammadiyah Surakarta University. Collecting data using interview sheets and online questionnaires. Data analysis was carried out quantitatively using path analysis. The results showed the following. 1) There is an insignificant relationship between socioeconomic status with the locus of control and financial management behavior at Sebelas Maret University and Muhammadiyah Surakarta University. 2) There is a significant relationship between financial knowledge and locus of control and financial management behavior at both universities. 3) There is a significant relationship between locus of control and financial management behavior at both universities. 4) There is an influence between socioeconomic status and financial knowledge on financial management behavior at both universities if it is mediated by the locus of control.

Keywords:
Socioeconomic, Financial Knowledge, Financial Management Behavior, Locus of Control

DOI:
http://dx.doi.org/10.37500/IJESSR.2020.30412