Moderation of Intellectual Intelligence on the Effect of Individual Behavior, Modern Living Environment, and Financial Well-Being on Women's Financial Literacy Capacity

Sihar Tambun; Fitri Nurwanti

doi:10.24123/jeb.v4i1.5376

Sihar Tambun Accounting Department, 17 Agustus 1945 University Jakarta
Fitri Nurwanti Accounting Department, 17 Agustus 1945 University Jakarta

DOI: https://doi.org/10.24123/jeb.v4i1.5376

Abstract Views: 503 times

PDF Downloads: 413 times

Keywords: Individual Behavior, Modern Living Environment, Financial Well-being, Intellectual Intelligence, Women’s Financial Literacy Capacity

Abstract

Purpose: This study aims to prove that the moderation of intellectual intelligence positively affects individual behavior, the modern living environment, and the financial well-being of women's financial literacy capacity.

Method: The sample in this study consisted of 328 respondents in Indonesia. Data quality testing in this study used Partial Least Square (PLS) analysis, a Structural Equation Modeling (SEM) equation model with a variance-based or component-based structural equation modeling approach.

Result: The study results show that intellectual intelligence cannot moderate the effect of individual behavior on women's financial literacy capacity, but intellectual intelligence can moderate the effect of the modern living environment and financial well-being on women's financial literacy capacity. High intellectual intelligence and utilizing the high intellectual intelligence will increase individual behavior, affecting women's financial literacy capacity. The results of this study recommend that women having good individual behavior and financial well-being in the modern era reinforced by high intellectual intelligence can encourage individuals in Indonesia to increase women's financial literacy capacity.

Downloads

Download data is not yet available.

References

Ajzen, I. (1991). The theory of planned behavior. Organizational Behavior and Human Decision Processes, 50(2), 179–211. https://doi.org/10.1016/0749-5978(91)90020-T

Alshebami, A. S., & Al Marri, S. H. (2022). The Impact of Financial Literacy on Entrepreneurial Intention: The Mediating Role of Saving Behavior. Frontiers in Psychology, 13(June), 1–10. https://doi.org/10.3389/fpsyg.2022.911605

Alshebami, A. S., & Aldhyani, T. H. H. (2022). The Interplay of Social Influence, Financial Literacy, and Saving Behaviour among Saudi Youth and the Moderating Effect of Self-Control. Sustainability (Switzerland), 14(14). https://doi.org/10.3390/su14148780

Bonavia, T., & Julián, M. (2022). Effective Behaviors in Work Teams: Spanish Adaptation of the Individual Behavior Analysis Scale. Frontiers in Psychology, 13(March). https://doi.org/10.3389/fpsyg.2022.809731

Clark, R. L., Lusardi, A., Mitchell, O. S., & Davis, H. (2021). Financial Well-being among Black and Hispanic Women. SSRN Electronic Journal, February. https://doi.org/10.2139/ssrn.3792558

Consumer Financial Protection, B. (2021). Measuring the Financial Well-Being of Hispanics 2018 Financial Well-Being Score Benchmarks. 1–20. https://files.consumerfinance.gov/f/201512_cfpb_financial-well-being-user-guide-scale.pdf.

Dagnino-Subiabre, A. (2022). Resilience to stress and social touch. Current Opinion in Behavioral Sciences, 43, 75–79. https://doi.org/10.1016/j.cobeha.2021.08.011

Darriet, E., Guille, M., & Vergnaud, J.-C. (2021). Financial literacy and numeracy. The Routledge Handbook of Financial Literacy, December, 96–109. https://doi.org/10.4324/9781003025221-10

Gallego-Losada, R., Montero-Navarro, A., Rodríguez-Sánchez, J. L., & González-Torres, T. (2022). Retirement planning and financial literacy, at the crossroads. A bibliometric analysis. Finance Research Letters, 44(April 2021). https://doi.org/10.1016/j.frl.2021.102109

Golzarri-Arroyo, L., Dickinson, S. L., Jamshidi-Naeini, Y., Zoh, R. S., Brown, A. W., Owora, A. H., Li, P., Oakes, J. M., & Allison, D. B. (2022). Evaluation of the type I error rate when using parametric bootstrap analysis of a cluster randomized controlled trial with binary outcomes and a small number of clusters. Computer Methods and Programs in Biomedicine, 215, 106654. https://doi.org/10.1016/j.cmpb.2022.106654

Hair, J., & Alamer, A. (2022). Research Methods in Applied Linguistics Partial Least Squares Structural Equation Modeling ( PLS-SEM ) in second language and education research : Guidelines using an applied example. Research Methods in Applied Linguistics, 1(3), 100027. https://doi.org/10.1016/j.rmal.2022.100027

Hanlon, M., Yeung, K., & Zuo, L. (2022). Behavioral Economics of Accounting: A Review of Archival Research on Individual Decision Makers*. Contemporary Accounting Research, 39(2), 1150–1214. https://doi.org/10.1111/1911-3846.12739

Hautamäki, R., & Donner, J. (2022). Modern living in a forest–landscape architecture of Finnish forest suburbs in the 1940s–1960s. Geografiska Annaler, Series B: Human Geography, 104(3), 250–268. https://doi.org/10.1080/04353684.2021.1989320

Keuangan dan Perbankan, J., Tambun, S., Rotua Sitorus, R., & Nurwanti, F. (2022). The Effect of Financial Literacy and Financial Education on Women’s Healthy Financial Behavior through Investment Motivation. Peer-Reviewed Article Jurnal Keuangan Dan Perbankan, 26(2), 2443–2687. https://doi.org/10.26905/jkdp.v26i2.7387

Lin, C. A., & Bates, T. C. (2022). Smart people know how the economy works: Cognitive ability, economic knowledge and financial literacy. Intelligence, 93(June), 101667. https://doi.org/10.1016/j.intell.2022.101667

Lusardi, A., & George, T. (2022). How financial literacy varies among U . S . adults.

Malki, B. (2022). The financial ambidexterity of the immigrant entrepreneurs: a conceptualization. International Journal of Entrepreneurial Behaviour and Research, 28(9), 242–267. https://doi.org/10.1108/IJEBR-12-2021-1003

Mulatningsih, M., Indartono, S., & Efendi, R. (2022). The Effect of Emotional Intelligence and Intellectual Intelligence on Student Discipline. International Journal of Multicultural and Multireligious Understanding, 9(3), 10–16. https://doi.org/10.18415/ijmmu.v9i3.3449

Murzaki, L. A., & Suryandi, L. (2022). eL_Huda, Volume 13, Nomer 01/2022. 13.

Nițoi, M., Clichici, D., Zeldea, C., Pochea, M., & Ciocîrlan, C. (2022). Financial well-being and financial literacy in Romania: A survey dataset. Data in Brief, 43, 108413. https://doi.org/10.1016/j.dib.2022.108413

OECDOECD. (2020). OECD/INFE 2020 International Survey of Adult Financial Literacy. OECD/INFE 2020 International Survey of Adult Financial Literacy, 78. www.oecd.org/financial/education/launchoftheoecdinfeglobalfinancialliteracysurveyreport.htm. (2020). OECD/INFE 2020 International Survey of Adult Financial Literacy. OECD/INFE 2020 International Survey of Adult Financial Literacy, 78. www.oecd.org/financial/education/launchoftheoecdinfeglobalfinancialliteracysurveyreport.htm

Safitri, D., Putra, F. F., & Marini, A. (2020). Ekolabel dan Pendidikan Lingkungan Hidup (p. 121).

She, L., Waheed, H., Lim, W. M., & E-Vahdati, S. (2022). Young adults’ financial well-being: current insights and future directions. International Journal of Bank Marketing, ahead-of-p(ahead-of-print). https://doi.org/10.1108/IJBM-04-2022-0147

Sitthipon, T., Kaewpuang, P., Jaipong, P., Sriboonruang, P., & Siripipattanakul, S. (2022). Artificial Intelligence (AI) Adoption in the Medical Education during the Digital Era: A Review Article. Review of Advanced Multidisciplinary Science, Engineering & Innovation (Ramsey) Ramsey, 1(2), 2022. https://doi.org/10.1016/j.paid.2021.111171

Suchocka, L., Yarasheva, A., Medvedeva, E., Aleksandrova, O., Alikperova, N., & Kroshilin, S. (2022). Modern Media Space and Financial Literacy of Young People. Humanities and Social Sciences Quarterly, 1(1), 61–71. https://doi.org/10.7862/rz.2022.hss.05