International Journal of Economy, Education and Entrepreneurship (IJE3)
Vol. 1 No. 3 (2021): International Journal of Economy, Education and Entrepreneurship

CONSUMPTION RATIONALITY OF STUDENTS IN THE FACULTY OF ECONOMICS UNIVERSITAS NEGERI MALANG VIEWED FROM LOCUS OF CONTROL MEDIATED BY FINANCIAL LITERACY

Novita Ika Fitriani (Universitas Negeri Malang)
Sri Umi Mintarti Widjaja (Universitas Negeri Malang)
Wening Patmi Rahayu (Universitas Negeri Malang)



Article Info

Publish Date
22 Dec 2021

Abstract

This study aims to determine the consumption rationality of Faculty of Economics students, Negeri Negeri Malang, regarding locus of control mediated by financial literacy. In this study, the financial literacy variable, apart from being used as an independent variable, is also used as a mediating variable that can bridge the relationship between variables. This study uses a quantitative approach to causality by using path analysis techniques. This study uses a quantitative approach to causality by using path analysis techniques. The sample in this study amounted to 273 respondents consisting of Faculty of Economics students, Negeri Negeri Malang class 2017. The sampling technique used a proportional random sampling technique, which is a random sampling technique that is balanced or proportional to the number of subjects. Data collection techniques with questionnaires and documentation. The results of this study indicate that there is a direct influence of locus of control on financial literacy and consumption rationality. There is a direct influence of financial literacy on consumption rationality. The path coefficient value on the direct influence is greater than the indirect effect on the locus of control on consumption rationality, so financial literacy does not act as a mediation on the influence of locus of control on consumption rationality. Suggestions for further research are to examine other variables and use different analytical tools so that more detailed results are obtained

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Journal Info

Abbrev

home

Publisher

Subject

Economics, Econometrics & Finance Education Other

Description

International Journal of Economy, Education and Entrepreneurship (IJE3) is a peer-refereed open-access international journal which has been established for the dissemination of state-of-the-art knowledge in the field of Economy and Education. Starting from 2021, IJE3 would be published Three times ...