FINANCIAL LITERACY AND ACCOUNTING LITERACY AMONG EX-MIGRANT WORKERS IN THE COMMUNITY
DOI:
https://doi.org/10.35310/accruals.v8i02.1233Keywords:
financial attitudes, financial planning, financial literacy, accounting literacy, ex-migrant workers.Abstract
The aim of this research is to examine and analyze the influence of financial attitudes and financial planning on financial literacy and accounting literacy. The methodology employed in this study is descriptive and verificative. The study population consists of ex-migrant workers in Kuningan Regency, totaling 282 individuals. Random sampling technique was used to select 133 participants. Analysis was conducted using Structural Equation Modeling (SEM), including validity and reliability tests of instruments (confirmatory factor analysis), testing the model of relationships between variables (path analysis), and forming an appropriate predictive model (structural model and regression analysis), utilizing LISREL software as the analytical tool. The research findings indicate that (1) financial attitudes do not have a significant influence on financial literacy, (2) financial planning has a positive influence on financial literacy, (3) financial attitudes have a negative influence on accounting literacy, (4) financial planning has a positive influence on accounting literacy, and (5) financial literacy has a positive influence on accounting literacy.
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References
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Molina-García, A., Cisneros-Ruiz, A. J., López-Subires, M. D., & Diéguez-Soto, J. (2023). How does financial literacy influence undergraduates’ risk-taking propensity? The International Journal of Management Education, 21(3), 100840. https://doi.org/10.1016/j.ijme.2023.100840
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Pamella, C. D. (2022). The Effect of Financial Literacy, Financial Attitude, Locus of Control and Income on Financial Management Behavior on the Millennial Generation. Journal Of Applied Managerial Accounting. https://jurnal.polibatam.ac.id/index.php/JAMA/article/view/4361
Park, H., & Martin, W. (2022). Effects of risk tolerance, financial literacy, and financial status on retirement planning. Journal of Financial Services Marketing. https://doi.org/10.1057/s41264-021-00123-y
Pradinaningsih, N. A., & Wafiroh, N. L. (2022). Pengaruh Literasi Keuangan, Sikap Keuangan dan Self-Efficacy terhadap Pengelolaan Keuangan Ibu Rumah Tangga. E-Jurnal Akuntansi, 32(6), 1518. https://doi.org/10.24843/eja.2022.v32.i06.p10
Purba, L. L., Ulupui, I., & ... (2023). Financial literacy, financial technology, mental accounting on the financial behavior of jakarta’s millennial generation. The International Journal …. https://growingscholar.org/journal/index.php/TIJOSSW/article/view/400
Rahies, M. K., Khan, M. A., Askari, M., Ali, Q., & ... (2022). Evaluation of the Impact of Risk Tolerance and Financial Literacy on InvestmentIntentions of Securities Investors in Pakistan using the Theory of Planned …. Empirical Economic …. https://www.researchgate.net/profile/Muhammad-Khan-1723/publication/369097213_Evaluation_of_the_Impact_of_Risk_Tolerance_and_Financial_Literacy_on_Investment_Intentions_of_Securities_Investors_in_Pakistan_using_the_Theory_of_Planned_Behavior_TBP/links/6409d37a2a87ea006a916762/Evaluation-of-the-Impact-of-Risk-Tolerance-and-Financial-Literacy-on-Investment-Intentions-of-Securities-Investors-in-Pakistan-using-the-Theory-of-Planned-Behavior-TBP.pdf
Saber, A. (2023). Financial Literacy and Retirement Planning in Saudi Arabia. Remittances Review. https://remittancesreview.com/menu-script/index.php/remittances/article/view/1159
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Shih, H. M., Chen, B. H., Chen, M. H., Wang, C. H., & ... (2022). A study of the financial behavior based on the theory of planned behavior. International Journal of …. https://www.researchgate.net/profile/Bryan-Chen-4/publication/361144848_A_Study_of_the_Financial_Behavior_Based_on_the_Theory_of_Planned_Behavior/links/62a1ac87c660ab61f86ea941/A-Study-of-the-Financial-Behavior-Based-on-the-Theory-of-Planned-Behavior.pdf?origin=journalDetail%5C&_tp=eyJwYWdlIjoiam91cm5hbERldGFpbCJ9
Tuffour, J. K., Amoako, A. A., & ... (2022). Assessing the effect of financial literacy among managers on the performance of small-scale enterprises. Global Business …. https://doi.org/10.1177/0972150919899753
Upadana, I. W. Y. A., & Herawati, N. T. (2020). Pengaruh Literasi Keuangan dan Perilaku Keuangan terhadap Keputusan Investasi Mahasiswa. Jurnal Ilmiah Akuntansi Dan Humanika, 10(2), 126. https://doi.org/10.23887/jiah.v10i2.25574
Wutun, M., Niha, S. S., & ... (2023). Financial attitude and financial behavior analysis towards student financial literacy in Kupang City. Enrichment: Journal …. http://enrichment.iocspublisher.org/index.php/enrichment/article/view/1304
Xu, S., Yang, Z., Ali, S. T., & Li, Y. (2022). Does financial literacy affect household financial behavior? The role of limited attention. Frontiers in Psychology. https://doi.org/10.3389/fpsyg.2022.906153
Yeo, K. H. K., Lim, W. M., & Yii, K. J. (2023). Financial planning behaviour: a systematic literature review and new theory development. Journal of Financial Services Marketing. https://doi.org/10.1057/s41264-023-00249-1
Alshebami, A. S., & Marri, S. H. Al. (2022). The impact of financial literacy on entrepreneurial intention: The mediating role of saving behavior. Frontiers in Psychology. https://doi.org/10.3389/fpsyg.2022.911605
Anggraini, P. S., & Cholid, I. (2022). Pengaruh Literasi Keuangan,Tingkat Pendidikan, Pendapatan, Perencanaan Keuangan Dan Gaya Hidup Terhadap Pengelolaan Keuangan Pada Pengrajin Tempe Di Kecamatan Plaju. Publikasi Riset Mahasiswa Manajemen, 3(2), 178–187. https://doi.org/10.35957/prmm.v3i2.2322
Bancoro, J. C. (2023). Financial Literacy of MSME Business Owners in the Municipality of San Jose, Negros Oriental, Philippines: A Basis for a State University’s Extension Program. International Journal of Asian Business …. https://journal.formosapublisher.org/index.php/ijabm/article/view/4369
Chaidir, T., Suprapti, I. A. P., Arini, G. A., & Ismiwati, B. (2020). Determinan Literasi Keuangan pada Pelaku Usaha Mikro, Kecil, dan Menengah (UMKM) di Kota Mataram. Elastisitas - Jurnal Ekonomi Pembangunan, 2(1), 1–19. https://doi.org/10.29303/e-jep.v2i1.15
Chen, B., & Chen, Z. (2023). Financial literacy confidence and retirement planning: Evidence from China. Risks. https://www.mdpi.com/2227-9091/11/2/46
Dogra, P., Kaushal, A., & Sharma, R. R. (2023). Antecedents of the Youngster’s awareness about financial literacy: A structure equation modelling approach. Vision. https://doi.org/10.1177/0972262921996560
Fadila, D., Astarina, Y., Riana, D., & ... (2023). Financial Literacy and Love of Money Attitude toward Financial Management. … Journal of Business. https://journal.adpebi.com/index.php/AIJB/article/view/607
Fang, J., Hao, W., & Reyers, M. (2022). Financial advice, financial literacy and social interaction: what matters to retirement saving decisions? Applied Economics. https://doi.org/10.1080/00036846.2022.2053654
Gatti, M. T. (2022). Measuring College Student Financial Literacy. search.proquest.com. https://search.proquest.com/openview/b53ee906eed84400a8904709a3d14e0e/1?pq-origsite=gscholar%5C&cbl=18750%5C&diss=y
Griffin, S. A., & Sibilang, N. P. (2022). The Influence of Financial Attitude and Financial Knowledge on Financial Management Behavior Moderated by Locus of Control in Generation Z. Jurnal Multidisiplin Madani. https://journal.formosapublisher.org/index.php/mudima/article/view/1966
Hamzah, A. (2019). Literasi keuangan dan inklusi keuangan syariah di kalangan tenaga pendidik kabupaten kuningan. 7(2), 175–188.
Hamzah, A., & Suhardi, D. D. (2019). Tingkat Literasi Keuangan Dan Financial Technology Pada Pelaku Usaha Mikro, Kecil, Dan Menengah (UMKM) Kabupaten Kuningan. Jurnal Ilmiah Manajemen Fakultas Ekonomi), 5(2), 97–108.
Hamzah, A., Suhendar, D., & Arifin, A. Z. (2023). Factors Affecting Cloud Accounting Adoption In SMEs. Jurnal Akuntansi, 27(3), 442–464. https://doi.org/10.24912/ja.v27i3.1520
Khanal, S., Thapa, B. S., & Nepal, S. R. (2022). Determinants of Personal Financial Planning: A Survey among Business Graduates in Nepal. The Batuk. https://www.academia.edu/download/86462889/32939.pdf
Laga, A., & Hizazi, A. (2023). The Effect of Financial Literacy, Financial Attitude, Locus of Control, and Lifestyle on Financial Management Behavior (Case Study on Undergraduate Accounting …. Indonesian Journal of Economic …. https://journal.formosapublisher.org/index.php/ijems/article/view/4977
Lone, U. M., & Bhat, S. A. (2022). Impact of financial literacy on financial well-being: a mediational role of financial self-efficacy. Journal of Financial Services Marketing. https://doi.org/10.1057/s41264-022-00183-8
Mahapatra, M. S., Raveendran, J., & Mishra, R. K. (2022). Role of mental accounting in personal financial planning: A study among Indian households. Psychological Studies. https://doi.org/10.1007/s12646-022-00683-6
Mahwan, I. B. P. F., & Herawati, N. T. (2021). Pengaruh Literasi Keuangan, Persepsi Risiko, dan Locus of Control Terhadap Keputusan Investasi Pengusaha Muda di Singaraja. JIMAT (Jurnal Ilmiah Mahasiswa Akuntansi), 12(3), 768–780.
Marinov, K. M. (2023). Financial literacy: Determinants and impact on financial behaviour. Economic Alternatives. https://www.unwe.bg/doi/eajournal/2023.1/EA.2023.1.05.pdf
Molina-García, A., Cisneros-Ruiz, A. J., López-Subires, M. D., & Diéguez-Soto, J. (2023). How does financial literacy influence undergraduates’ risk-taking propensity? The International Journal of Management Education, 21(3), 100840. https://doi.org/10.1016/j.ijme.2023.100840
Mutlu, Ü., & Gökhan, Ö. (2022). The Effect of Individuals’ Financial Risk Tolerance, Financial Literacy and Financial Attitude on Their Financial Behaviors. JOEEP: Journal of Emerging Economies and …. https://dergipark.org.tr/en/pub/joeep/issue/66260/1011325
Pambudianti, F. F. R., Purwanto, B., & Maulana, T. N. A. (2020). The implementation of fintech: Efficiency of MSMEs loans distribution and users’ financial inclusion index. Jurnal Keuangan Dan Perbankan, 24(1), 68–82. https://doi.org/10.26905/jkdp.v24i1.3218
Pamella, C. D. (2022). The Effect of Financial Literacy, Financial Attitude, Locus of Control and Income on Financial Management Behavior on the Millennial Generation. Journal Of Applied Managerial Accounting. https://jurnal.polibatam.ac.id/index.php/JAMA/article/view/4361
Park, H., & Martin, W. (2022). Effects of risk tolerance, financial literacy, and financial status on retirement planning. Journal of Financial Services Marketing. https://doi.org/10.1057/s41264-021-00123-y
Pradinaningsih, N. A., & Wafiroh, N. L. (2022). Pengaruh Literasi Keuangan, Sikap Keuangan dan Self-Efficacy terhadap Pengelolaan Keuangan Ibu Rumah Tangga. E-Jurnal Akuntansi, 32(6), 1518. https://doi.org/10.24843/eja.2022.v32.i06.p10
Purba, L. L., Ulupui, I., & ... (2023). Financial literacy, financial technology, mental accounting on the financial behavior of jakarta’s millennial generation. The International Journal …. https://growingscholar.org/journal/index.php/TIJOSSW/article/view/400
Rahies, M. K., Khan, M. A., Askari, M., Ali, Q., & ... (2022). Evaluation of the Impact of Risk Tolerance and Financial Literacy on InvestmentIntentions of Securities Investors in Pakistan using the Theory of Planned …. Empirical Economic …. https://www.researchgate.net/profile/Muhammad-Khan-1723/publication/369097213_Evaluation_of_the_Impact_of_Risk_Tolerance_and_Financial_Literacy_on_Investment_Intentions_of_Securities_Investors_in_Pakistan_using_the_Theory_of_Planned_Behavior_TBP/links/6409d37a2a87ea006a916762/Evaluation-of-the-Impact-of-Risk-Tolerance-and-Financial-Literacy-on-Investment-Intentions-of-Securities-Investors-in-Pakistan-using-the-Theory-of-Planned-Behavior-TBP.pdf
Saber, A. (2023). Financial Literacy and Retirement Planning in Saudi Arabia. Remittances Review. https://remittancesreview.com/menu-script/index.php/remittances/article/view/1159
Shefren, A. S. A., Arumugam, D., & ... (2021). Factors influencing budgetary control among SMEs in the Klang Valley, Malaysia. In Electronic Journal of …. ejbm.sites.apiit.edu.my. https://ejbm.sites.apiit.edu.my/files/2021/06/Paper-1-Factors-Influencing-Budgetary-Control-among-SMEs-in-the-Klang-Valley-Malaysia.pdf
Shih, H. M., Chen, B. H., Chen, M. H., Wang, C. H., & ... (2022). A study of the financial behavior based on the theory of planned behavior. International Journal of …. https://www.researchgate.net/profile/Bryan-Chen-4/publication/361144848_A_Study_of_the_Financial_Behavior_Based_on_the_Theory_of_Planned_Behavior/links/62a1ac87c660ab61f86ea941/A-Study-of-the-Financial-Behavior-Based-on-the-Theory-of-Planned-Behavior.pdf?origin=journalDetail%5C&_tp=eyJwYWdlIjoiam91cm5hbERldGFpbCJ9
Tuffour, J. K., Amoako, A. A., & ... (2022). Assessing the effect of financial literacy among managers on the performance of small-scale enterprises. Global Business …. https://doi.org/10.1177/0972150919899753
Upadana, I. W. Y. A., & Herawati, N. T. (2020). Pengaruh Literasi Keuangan dan Perilaku Keuangan terhadap Keputusan Investasi Mahasiswa. Jurnal Ilmiah Akuntansi Dan Humanika, 10(2), 126. https://doi.org/10.23887/jiah.v10i2.25574
Wutun, M., Niha, S. S., & ... (2023). Financial attitude and financial behavior analysis towards student financial literacy in Kupang City. Enrichment: Journal …. http://enrichment.iocspublisher.org/index.php/enrichment/article/view/1304
Xu, S., Yang, Z., Ali, S. T., & Li, Y. (2022). Does financial literacy affect household financial behavior? The role of limited attention. Frontiers in Psychology. https://doi.org/10.3389/fpsyg.2022.906153
Yeo, K. H. K., Lim, W. M., & Yii, K. J. (2023). Financial planning behaviour: a systematic literature review and new theory development. Journal of Financial Services Marketing. https://doi.org/10.1057/s41264-023-00249-1
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2024-09-30
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Hamzah, A., Febriansyah, Y., Rahmawati, T., & Nurfatimah, S. N. (2024). FINANCIAL LITERACY AND ACCOUNTING LITERACY AMONG EX-MIGRANT WORKERS IN THE COMMUNITY. ACCRUALS (Accounting Research Journal of Sutaatmadja), 8(02). https://doi.org/10.35310/accruals.v8i02.1233
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