Arradytia Permana
Management Department, Faculty of Economics and Business, University of Muhammadiyah Palembang

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How Green Finance Literacy Shapes Green Financial Product Interest: The Mediating Role of Environmental Awareness? Ummi Kalsum; Arradytia Permana; Randy Hidayat; Nor Shamri Ithnin
Jurnal Reviu Akuntansi dan Keuangan Vol. 16 No. 4 (2026): Jurnal Reviu Akuntansi dan Keuangan
Publisher : Universitas Muhammadiyah Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22219/jrak.v16i4.45727

Abstract

Purpose: This research investigates the association between Green Finance Literacy and individuals’ intention to use green financial products, while also assessing the mediating effect of Environmental Awareness in this relationship. Methodology/approach: A quantitative survey was conducted involving teachers from Muhammadiyah-affiliated upper secondary and vocational schools in Palembang, Indonesia, with participants recruited using a purposive sampling technique. The collected data were examined through Partial Least Squares Structural Equation Modeling (PLS-SEM) to evaluate the validity and reliability of the measurement model, analyze the relationships among the study variables, and determine the mediating role of Environmental Awareness. Findings: Green Finance Literacy significantly affects Environmental Awareness and interest in using green financial products. Environmental Awareness not only boosts interest directly but also acts as a partial mediator in the link between Green Finance Literacy and the intention to utilize green financial instruments. Practical implications: These results provide valuable guidance for policymakers, financial service providers, and educational institutions in designing coordinated initiatives that strengthen green finance literacy alongside environmental awareness, thereby promoting greater interest in adopting green financial products. Originality/value: This research enriches the existing body of knowledge on sustainable finance by examining how Green Finance Literacy shapes individuals’ intentions to use green financial products through the mediating role of Environmental Awareness. Furthermore, it broadens the scope of sustainable financial behavior research by focusing on teachers, who represent an important group in fostering financial literacy and advancing environmental sustainability.