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Jurnal Bisnis, Ekonomi, Manajemen, dan Kewirausahaan Abnus Publisher

Impact of Financial Experience on Financial Well-Being in Surabaya: Mediating Role of Financial Behavior

2022-05-16
Published
52-60
Pages
OPEN
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NS
Nadella Putri Shintani
Universitas Hayam Wuruk Perbanas, Surabaya
RI
Rr. Iramani
Universitas Hayam Wuruk Perbanas, Surabaya, Indonesia
LL
Lutfi Lutfi
Universitas Hayam Wuruk Perbanas, Surabaya, Indonesia
Abstract

Purpose: This study aims to explore the effect of financial experience on the financial well-being of Surabaya residents, with a specific focus on the mediating role of financial behavior.

Research Methodology: The research employs a quantitative approach using a causal design to investigate the relationship between financial experience (exogenous variable) and financial well-being (endogenous variable), mediated by financial behavior (mediating variable). Primary data were collected through a purposive sampling method, with a sample size of 125 respondents from Surabaya. Hypothesis testing was conducted using Partial Least Square (PLS) with WarpPLS software.

Results: The findings reveal that financial experience has a direct and indirect impact on financial well-being through financial behavior. Financial behavior partially mediates the relationship between financial experience and financial well-being.

Conclusions: The study concludes that higher financial experience leads to better financial well-being, and the role of financial behavior as a mediator significantly enhances this relationship.

Limitations: The model used in the study is considered weak, with the R-squared value for financial well-being being low, suggesting the need for further research incorporating additional variables such as financial knowledge or attitudes.

Contributions: This research contributes to the understanding of how financial behavior mediates the effect of financial experience on financial well-being, offering valuable insights for improving financial management practices.

Financial Behavior Finanacial Experience Financial Well-Being
How to Cite
Shintani, N. P. ., Iramani, R., & Lutfi, L. (2022). Impact of Financial Experience on Financial Well-Being in Surabaya: Mediating Role of Financial Behavior. Jurnal Bisnis, Ekonomi, Manajemen, Dan Kewirausahaan , 2(1), 52-60. https://doi.org/10.52909/jbemk.v4i2.186
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How to Cite

Shintani, N. P. ., Iramani, R., & Lutfi, L. (2022). Impact of Financial Experience on Financial Well-Being in Surabaya: Mediating Role of Financial Behavior. Jurnal Bisnis, Ekonomi, Manajemen, Dan Kewirausahaan , 2(1), 52-60. https://doi.org/10.52909/jbemk.v4i2.186
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