Main Article Content
Abstract
This study aims to analyze and obtain empirical evidence on the effect of financial satisfaction on financial technology and financial planning as mediation variables. The approach used is a quantitative approach with the help of the Smart PLS 4 tool. The data in this study used primary data with questionnaire techniques on PKK mothers in Talun Kidul Village, Sumobito District, Jombang Regency. The sample calculation uses a saturated sample of 40 respondents who were present at the time of sampling. This study uses outer model and inner model evaluation techniques with hypothesis testing using path analysis. The results showed that financial satisfaction affects financial technology; financial satisfaction affects financial planning; and financial planning affects financial technology. Financial planning variables as mediation show that financial planning variables can mediate financial satisfaction with financial technology.
Keywords
Article Details
References
- Abdillah, W., H. (2015). Partial Least Square (PLS) (Penerbit Andi, Ed.).
- Agarwal, S., Amromin, G., Ben-David, I., Chomsisengphet, S., & Evanoff, D. D. (2015). Financial literacy and financial planning: Evidence from India. Journal of Housing Economics, 27, 4–21. https://doi.org/10.1016/j.jhe.2015.02.003
- Ali, A., Rahman, M. S. A., & Bakar, A. (2015). Financial Satisfaction and the Influence of Financial Literacy in Malaysia. Social Indicators Research, 120(1), 137–156. https://doi.org/10.1007/s11205-014-0583-0
- Amelia, R. et al. (2017). Kepemilikan Perencanaan Keuangan Hari Tua Pada Pekerja Kota Bogor. MIX: Jurnal Ilmiah Manajemen, 7(1).
- Ameliawati, M., & Setiyani, R. (2018). The Influence of Financial Attitude, Financial Socialization, and Financial Experience to Financial Management Behavior with Financial Literacy as the Mediation Variable. KnE Social Sciences, 3(10), 811. https://doi.org/10.18502/kss.v3i10.3174
- Anisah, N., Franzias Crisnata, H., Studi Akuntansi, P., & PGRI Dewantara Jombang, S. (2021). Analisis Tingkat Literasi Keuangan Pengguna Fintech Payment OVO (Vol. 4, Issue 1). https://ejournal.stiedewantara.ac.id/index.php/JAD/issue/view/59
- Astuti, R., & Susanta, H. (n.d.). DIPONEGORO JOURNAL OF SOCIAL AND POLITIC OF SCIENCE Tahun 2013, Hal. 1-8 http://ejournal-s1.undip.ac.id/index.php/ ANALISIS PENGARUH TINGKAT SUKU BUNGA (SBI), NILAI TUKAR (KURS) RUPIAH, INFLASI, DAN INDEKS BURSA INTERNASIONAL TERHADAP IHSG (STUDI PADA IHSG DI BEI PERIODE 2008-2012). http://ejournal-s1.undip.ac.id/index.php/
- Bernheim, B. D. (1996). Financial illiteracy, education, and retirement saving.
- Bofondi, M., & Gobbi, G. (2017). The big promise of FinTech. In European economy (Vol. 2, pp. 107–119).
- Browning, M., & Crossley, T. F. (2001). The Life-Cycle Model of Consumption and Saving. Journal of Economic Perspectives, 15(3), 3–22. https://doi.org/10.1257/jep.15.3.3
- CAMPBELL, J. Y. (2006). Household Finance. The Journal of Finance, 61(4), 1553–1604. https://doi.org/10.1111/j.1540-6261.2006.00883.x
- Carbone, E., & Duffy, J. (2014). Lifecycle consumption plans, social learning and external habits: Experimental evidence. Journal of Economic Behavior & Organization, 106, 413–427. https://doi.org/10.1016/j.jebo.2014.07.010
- Chin, W. W., & Todd, P. A. (1995). On the Use, Usefulness, and Ease of Use of Structural Equation Modeling in MIS Research: A Note of Caution. In MIS Quarterly (Vol. 19, Issue 2, p. 237). https://doi.org/10.2307/249690
- Dowling, N., Tim, C., & Hoiles, L. (2009). Financial Management Practices and Money Attitudes as Determinants of Financial Problems and Dissatisfaction in Young Male Australian Workers. Journal of Financial Counseling and Planning, 20(2).
- Finira, D. C., & Yuliati, L. N. (2013). Nilai dan Pengaruhnya terhadap Perencanaan Keuangan Keluarga dalam Pembelian Asuransi Jiwa. Jurnal Ilmu Keluarga Dan Konsumen, 6(3), 180–189. https://doi.org/10.24156/jikk.2013.6.3.180
- Garman, E. T., & Forgue, R. E. (1994). PerSOrld Fricrice.
- Gerrans, P., Speelman, C., & Campitelli, G. (2014). The Relationship Between Personal Financial Wellness and Financial Wellbeing: A Structural Equation Modelling Approach. Journal of Family and Economic Issues, 35(2), 145–160. https://doi.org/10.1007/s10834-013-9358-z
- Goldstein, I., Jiang, W., & Karolyi, G. A. (2019). To FinTech and beyond. In Review of Financial Studies (Vol. 32, Issue 5, pp. 1647–1661). Oxford University Press. https://doi.org/10.1093/rfs/hhz025
- Hogarth, J. M. (2006, November). Financial education and economic development. In G8 International Conference on Improving Financial Literacy.
- Iskandar, A., Possumah, B. T., & Aqbar, K. (2020). Peran Ekonomi dan Keuangan Sosial Islam saat Pandemi Covid-19. SALAM: Jurnal Sosial Dan Budaya Syar-i, 7(7). https://doi.org/10.15408/sjsbs.v7i7.15544
- Joo, S. H., & Garman, E. T. (1998). Personal financial wellness may be the missing factor in understanding and reducing worker absenteeism. Personal Finances and Worker Productivity, 2(2), 172–182.
- Kalra Sahi, S. (2013). Demographic and socio‐economic determinants of financial satisfaction. International Journal of Social Economics, 40(2), 127–150. https://doi.org/10.1108/03068291311283607
- KLAPPER, L., & PANOS, G. A. (2011). Financial literacy and retirement planning: the Russian case. Journal of Pension Economics and Finance, 10(4), 599–618. https://doi.org/10.1017/S1474747211000503
- Lusardi, A., & Mitchell, O. S. (2008). Planning and Financial Literacy: How Do Women Fare? American Economic Review, 98(2), 413–417. https://doi.org/10.1257/aer.98.2.413
- Mugenda, O., & Hira, T. (2000). Gender Differences in Financial Perceptions, Behaviors and Satisfaction. January 2000.
- Murphy, D. S., & Yetmar, S. (2010). Personal financial planning attitudes: a preliminary study of graduate students. Management Research Review, 33(8), 811–817. https://doi.org/10.1108/01409171011065617
- Nicoletti, B. (n.d.). Palgrave Studies in Financial Services Technology Integrating Finance and Technology in Financial Services The Future of FinTech. http://www.springer.com/series/14627
- Noone, J. H., Stephens, C., & Alpass, F. M. (2009). Preretirement Planning and Well-Being in Later Life. Research on Aging, 31(3), 295–317. https://doi.org/10.1177/0164027508330718
- Robb, C. A., Babiarz, P., & Woodyard, A. (2012). The demand for financial professionals’ advice: the role of financial knowledge, satisfaction, and confidence. Financial Services Review, 21(4), 291.
- Sari, P. P., & Rinofah, R. (2019). PENGARUH FINANCIAL TECHNOLOGY TERHADAP KEPUASAN KEUANGAN DENGAN CAPAIAN KEUANGAN SEBAGAI VARIABEL MEDIASI. Kajian Bisnis Sekolah Tinggi Ilmu Ekonomi Widya Wiwaha, 27(2), 134–146. https://doi.org/10.32477/jkb.v27i2.56
- Sari, P. P., & Septyarini, E. (2018). Pengaruh financial technology terhadap kepuasan keuangan (studi kasus pada pedagang di Pasar Beringharjo Yogyakarta). Jurnal UMKM Dewantara, 1(1), 20–28.
- Setiawan, W., Sutjipto, E., & Ghozali, I. (2020). Article ID: IJM_11_11_175 Indonesia Stock Exchange. International Journal of Management (IJM), 11(11), 1842–1852. https://doi.org/10.34218/IJM.11.11.2020.175
- Siregar, A. E. (2016). Financial Technology Tren Bisnis Keuangan Ke Depan. Http://Infobanknews.Com.
- Škreblin Kirbiš, I., Vehovec, M., & Galić, Z. (2017). Relationship between Financial Satisfaction and Financial Literacy: Exploring Gender Differences. Drustvena Istrazivanja, 26(2), 165–185. https://doi.org/10.5559/di.26.2.02
- Sobaya, S., Hidayanto, M. F., & Safitri, J. (2016). The Effect of Financial Literacy and Social Environment on Employee Financial Planning at the Islamic University of Indonesia Yogyakarta. Madania: Journal of Islamic Studies, 20(1), 115–128.
- Sugiyono. (2016). Metode Penelitian Kuantitatif Kualitatif dan R&D. CV Alfabeta.
- Sundjaja, A. M. (2010). Perencanaan Keuangan untuk Mencapai Tujuan Finansial. ComTech: Computer, Mathematics and Engineering Applications, 1(1), 183. https://doi.org/10.21512/comtech.v1i1.2218
- Supriyanto, A. S., & Maharani, V. (2013). Metodologi Penelitian Manajemen Sumber Daya Manusia (Teori, Kuesioner, dan Analisis Data) (2nd ed.).
- Surendar, G., & Sarma, S. (2018). Financial literacy and financial planning among teachers of higher education-a study of critical factors of select variables. . Nternational Journal of Pure and Applied Mathematics, 118(18), 1627–1649.
- Suryono, R. R., Budi, I., & Purwandari, B. (2020). Challenges and Trends of Financial Technology (Fintech): A Systematic Literature Review. Information, 11(12), 590. https://doi.org/10.3390/info11120590
- van Praag, B., & Ferrer-i-Carbonell, A. (2001). Age-Differentiated Qaly Losses. SSRN Electronic Journal. https://doi.org/10.2139/ssrn.273337
- Wijayanti, D. M., & Pradipta, H. (2017, September). Sharia Fintech: Positive innovation in consumer perspective. In International Seminar Academic Network on Competition Policy, Bali.
- Yap, R. J. C., Komalasari, F., & Hadiansah, I. (2018). The Effect of Financial Literacy and Attitude on Financial Management Behavior and Satisfaction. Bisnis & Birokrasi Journal, 23(3). https://doi.org/10.20476/jbb.v23i3.9175
- Yue, P., Gizem Korkmaz, A., & Zhou, H. (2020). Household Financial Decision Making Amidst the COVID-19 Pandemic. Emerging Markets Finance and Trade, 56(10), 2363–2377. https://doi.org/10.1080/1540496X.2020.1784717
- Zhang, Y., Jia, Q., & Chen, C. (2021). Risk attitude, financial literacy and household consumption: Evidence from stock market crash in China. Economic Modelling, 94, 995–1006. https://doi.org/10.1016/j.econmod.2020.02.040
References
Abdillah, W., H. (2015). Partial Least Square (PLS) (Penerbit Andi, Ed.).
Agarwal, S., Amromin, G., Ben-David, I., Chomsisengphet, S., & Evanoff, D. D. (2015). Financial literacy and financial planning: Evidence from India. Journal of Housing Economics, 27, 4–21. https://doi.org/10.1016/j.jhe.2015.02.003
Ali, A., Rahman, M. S. A., & Bakar, A. (2015). Financial Satisfaction and the Influence of Financial Literacy in Malaysia. Social Indicators Research, 120(1), 137–156. https://doi.org/10.1007/s11205-014-0583-0
Amelia, R. et al. (2017). Kepemilikan Perencanaan Keuangan Hari Tua Pada Pekerja Kota Bogor. MIX: Jurnal Ilmiah Manajemen, 7(1).
Ameliawati, M., & Setiyani, R. (2018). The Influence of Financial Attitude, Financial Socialization, and Financial Experience to Financial Management Behavior with Financial Literacy as the Mediation Variable. KnE Social Sciences, 3(10), 811. https://doi.org/10.18502/kss.v3i10.3174
Anisah, N., Franzias Crisnata, H., Studi Akuntansi, P., & PGRI Dewantara Jombang, S. (2021). Analisis Tingkat Literasi Keuangan Pengguna Fintech Payment OVO (Vol. 4, Issue 1). https://ejournal.stiedewantara.ac.id/index.php/JAD/issue/view/59
Astuti, R., & Susanta, H. (n.d.). DIPONEGORO JOURNAL OF SOCIAL AND POLITIC OF SCIENCE Tahun 2013, Hal. 1-8 http://ejournal-s1.undip.ac.id/index.php/ ANALISIS PENGARUH TINGKAT SUKU BUNGA (SBI), NILAI TUKAR (KURS) RUPIAH, INFLASI, DAN INDEKS BURSA INTERNASIONAL TERHADAP IHSG (STUDI PADA IHSG DI BEI PERIODE 2008-2012). http://ejournal-s1.undip.ac.id/index.php/
Bernheim, B. D. (1996). Financial illiteracy, education, and retirement saving.
Bofondi, M., & Gobbi, G. (2017). The big promise of FinTech. In European economy (Vol. 2, pp. 107–119).
Browning, M., & Crossley, T. F. (2001). The Life-Cycle Model of Consumption and Saving. Journal of Economic Perspectives, 15(3), 3–22. https://doi.org/10.1257/jep.15.3.3
CAMPBELL, J. Y. (2006). Household Finance. The Journal of Finance, 61(4), 1553–1604. https://doi.org/10.1111/j.1540-6261.2006.00883.x
Carbone, E., & Duffy, J. (2014). Lifecycle consumption plans, social learning and external habits: Experimental evidence. Journal of Economic Behavior & Organization, 106, 413–427. https://doi.org/10.1016/j.jebo.2014.07.010
Chin, W. W., & Todd, P. A. (1995). On the Use, Usefulness, and Ease of Use of Structural Equation Modeling in MIS Research: A Note of Caution. In MIS Quarterly (Vol. 19, Issue 2, p. 237). https://doi.org/10.2307/249690
Dowling, N., Tim, C., & Hoiles, L. (2009). Financial Management Practices and Money Attitudes as Determinants of Financial Problems and Dissatisfaction in Young Male Australian Workers. Journal of Financial Counseling and Planning, 20(2).
Finira, D. C., & Yuliati, L. N. (2013). Nilai dan Pengaruhnya terhadap Perencanaan Keuangan Keluarga dalam Pembelian Asuransi Jiwa. Jurnal Ilmu Keluarga Dan Konsumen, 6(3), 180–189. https://doi.org/10.24156/jikk.2013.6.3.180
Garman, E. T., & Forgue, R. E. (1994). PerSOrld Fricrice.
Gerrans, P., Speelman, C., & Campitelli, G. (2014). The Relationship Between Personal Financial Wellness and Financial Wellbeing: A Structural Equation Modelling Approach. Journal of Family and Economic Issues, 35(2), 145–160. https://doi.org/10.1007/s10834-013-9358-z
Goldstein, I., Jiang, W., & Karolyi, G. A. (2019). To FinTech and beyond. In Review of Financial Studies (Vol. 32, Issue 5, pp. 1647–1661). Oxford University Press. https://doi.org/10.1093/rfs/hhz025
Hogarth, J. M. (2006, November). Financial education and economic development. In G8 International Conference on Improving Financial Literacy.
Iskandar, A., Possumah, B. T., & Aqbar, K. (2020). Peran Ekonomi dan Keuangan Sosial Islam saat Pandemi Covid-19. SALAM: Jurnal Sosial Dan Budaya Syar-i, 7(7). https://doi.org/10.15408/sjsbs.v7i7.15544
Joo, S. H., & Garman, E. T. (1998). Personal financial wellness may be the missing factor in understanding and reducing worker absenteeism. Personal Finances and Worker Productivity, 2(2), 172–182.
Kalra Sahi, S. (2013). Demographic and socio‐economic determinants of financial satisfaction. International Journal of Social Economics, 40(2), 127–150. https://doi.org/10.1108/03068291311283607
KLAPPER, L., & PANOS, G. A. (2011). Financial literacy and retirement planning: the Russian case. Journal of Pension Economics and Finance, 10(4), 599–618. https://doi.org/10.1017/S1474747211000503
Lusardi, A., & Mitchell, O. S. (2008). Planning and Financial Literacy: How Do Women Fare? American Economic Review, 98(2), 413–417. https://doi.org/10.1257/aer.98.2.413
Mugenda, O., & Hira, T. (2000). Gender Differences in Financial Perceptions, Behaviors and Satisfaction. January 2000.
Murphy, D. S., & Yetmar, S. (2010). Personal financial planning attitudes: a preliminary study of graduate students. Management Research Review, 33(8), 811–817. https://doi.org/10.1108/01409171011065617
Nicoletti, B. (n.d.). Palgrave Studies in Financial Services Technology Integrating Finance and Technology in Financial Services The Future of FinTech. http://www.springer.com/series/14627
Noone, J. H., Stephens, C., & Alpass, F. M. (2009). Preretirement Planning and Well-Being in Later Life. Research on Aging, 31(3), 295–317. https://doi.org/10.1177/0164027508330718
Robb, C. A., Babiarz, P., & Woodyard, A. (2012). The demand for financial professionals’ advice: the role of financial knowledge, satisfaction, and confidence. Financial Services Review, 21(4), 291.
Sari, P. P., & Rinofah, R. (2019). PENGARUH FINANCIAL TECHNOLOGY TERHADAP KEPUASAN KEUANGAN DENGAN CAPAIAN KEUANGAN SEBAGAI VARIABEL MEDIASI. Kajian Bisnis Sekolah Tinggi Ilmu Ekonomi Widya Wiwaha, 27(2), 134–146. https://doi.org/10.32477/jkb.v27i2.56
Sari, P. P., & Septyarini, E. (2018). Pengaruh financial technology terhadap kepuasan keuangan (studi kasus pada pedagang di Pasar Beringharjo Yogyakarta). Jurnal UMKM Dewantara, 1(1), 20–28.
Setiawan, W., Sutjipto, E., & Ghozali, I. (2020). Article ID: IJM_11_11_175 Indonesia Stock Exchange. International Journal of Management (IJM), 11(11), 1842–1852. https://doi.org/10.34218/IJM.11.11.2020.175
Siregar, A. E. (2016). Financial Technology Tren Bisnis Keuangan Ke Depan. Http://Infobanknews.Com.
Škreblin Kirbiš, I., Vehovec, M., & Galić, Z. (2017). Relationship between Financial Satisfaction and Financial Literacy: Exploring Gender Differences. Drustvena Istrazivanja, 26(2), 165–185. https://doi.org/10.5559/di.26.2.02
Sobaya, S., Hidayanto, M. F., & Safitri, J. (2016). The Effect of Financial Literacy and Social Environment on Employee Financial Planning at the Islamic University of Indonesia Yogyakarta. Madania: Journal of Islamic Studies, 20(1), 115–128.
Sugiyono. (2016). Metode Penelitian Kuantitatif Kualitatif dan R&D. CV Alfabeta.
Sundjaja, A. M. (2010). Perencanaan Keuangan untuk Mencapai Tujuan Finansial. ComTech: Computer, Mathematics and Engineering Applications, 1(1), 183. https://doi.org/10.21512/comtech.v1i1.2218
Supriyanto, A. S., & Maharani, V. (2013). Metodologi Penelitian Manajemen Sumber Daya Manusia (Teori, Kuesioner, dan Analisis Data) (2nd ed.).
Surendar, G., & Sarma, S. (2018). Financial literacy and financial planning among teachers of higher education-a study of critical factors of select variables. . Nternational Journal of Pure and Applied Mathematics, 118(18), 1627–1649.
Suryono, R. R., Budi, I., & Purwandari, B. (2020). Challenges and Trends of Financial Technology (Fintech): A Systematic Literature Review. Information, 11(12), 590. https://doi.org/10.3390/info11120590
van Praag, B., & Ferrer-i-Carbonell, A. (2001). Age-Differentiated Qaly Losses. SSRN Electronic Journal. https://doi.org/10.2139/ssrn.273337
Wijayanti, D. M., & Pradipta, H. (2017, September). Sharia Fintech: Positive innovation in consumer perspective. In International Seminar Academic Network on Competition Policy, Bali.
Yap, R. J. C., Komalasari, F., & Hadiansah, I. (2018). The Effect of Financial Literacy and Attitude on Financial Management Behavior and Satisfaction. Bisnis & Birokrasi Journal, 23(3). https://doi.org/10.20476/jbb.v23i3.9175
Yue, P., Gizem Korkmaz, A., & Zhou, H. (2020). Household Financial Decision Making Amidst the COVID-19 Pandemic. Emerging Markets Finance and Trade, 56(10), 2363–2377. https://doi.org/10.1080/1540496X.2020.1784717
Zhang, Y., Jia, Q., & Chen, C. (2021). Risk attitude, financial literacy and household consumption: Evidence from stock market crash in China. Economic Modelling, 94, 995–1006. https://doi.org/10.1016/j.econmod.2020.02.040