Assessing Model of Financial Satisfaction Predictors: The Mediating Effect of Financial Risk Tolerance and Financial Behaviour

Yuliani, Yuliani and Taufik, Taufik and Mukhtaruddin, Mukhtaruddin and Saputri, Nyimas Dewi Murnila (2021) Assessing Model of Financial Satisfaction Predictors: The Mediating Effect of Financial Risk Tolerance and Financial Behaviour. Journal of Accounting Research, Organization and Economics, 4 (2). pp. 140-152. ISSN 2621-1041

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Abstract

Objective – This study aims to prove empirically about the prediction of financial satisfac-tion models based on financial knowledge and socio-economic factors of finance by taking in-to account financial risk tolerance and financial behavior. Design/methodology – The primary data source in the form of a questionnaire and non-probability purposive sampling technique were used with 107 responses collected during July-August 2020. The unit of analysis was an individual, namely the people in Palembang City in the age range of 20-55 years. Data analysis comprise of descriptive statistics index number method and inferential statistics SEM method by converting ordinal data into inter-vals. Results – It was found that direct financial knowledge, socio-economic financial had not significant on financial risk tolerance. Financial knowledge, socio economic financial signifi-cantly and positively influence financial behavior. Furthermore, direct financial knowledge, socio-economic financial, financial risk tolerance, financial behavior had a significant positive effect on financial satisfaction. The indirect effect found that finance risk tolerance is not a mediation of the influence of financial knowledge and socio-economic financial on financial satisfaction. The indirect effect of financial behavior on the influence of financial knowledge and financial socio-economic were significant. Limitation/Suggestion – This study implies that the role of financial behavior as a par-tial mediation on the relationship between financial knowledge and financial satisfaction. The role of perfect mediation itself is for socio-economic financial relationships and financial sat-isfaction.

Item Type:	Article
Subjects:	#3 Repository of Lecturer Academic Credit Systems (TPAK) > Articles Access for TPAK (Not Open Sources)
Divisions:	01-Faculty of Economics > 61201-Management (S1)
Depositing User:	Tn Taufik Taufik
Date Deposited:	11 May 2023 15:38
Last Modified:	11 May 2023 15:38
URI:	http://repository.unsri.ac.id/id/eprint/102042

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