International Journal of Financial and Investment Studies
Vol 1 No 2 (2020): OCTOBER 2020

THE INFLUENCE OF EMOTIONAL FACTORS, MATERIALISM, RISK PERCEPTION, AND FINANCIAL LITERACY ON THE TENDENCY OF DEBT OF MILLENNIAL GENERATION IN SURABAYA

Richard Widjaja (Finance and Investment Program, Faculty of Business and Economics, Petra Christian University)
Dewi Pertiwi (Finance and Investment Program, Faculty of Business and Economics, Petra Christian University)

Article Info

Publish Date
07 Jun 2021

Abstract

This study aims to determine the effect of emotion, materialism, risk perception, and financial literacy on the propensity toward indebtedness of the millennial generation in Surabaya. The researcher uses a online questionnaire distributed via Google Form to 110 millennials in Surabaya. The collected data is processed using Partial Least Square (PLS). This study indicates that emotion, materialism, and perceptions have a significant effect on indebtedness propensity.

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Journal Info
International Journal of Financial and Investment Studies
Website

Abbrev

ijfis

Publisher

Universitas Kristen Petra Surabaya

Subject

Economics, Econometrics & Finance

Description

International Journal of Financial and Investment Studies (IJFIS) e-ISSN: 2745-3952 is a peer-reviewed journal that aims at the dissemination and advancement of research in the areas of economics and finance with a specific focus on financials and investments. The aim of the Journal is to provide a ...