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Investigation of Content Validity and Exploratory Factor Analysis of Students’ Economic Behavior Measure Narmaditya, Bagus Shandy; Sahid, Sheerad; Hussin, Muhammad
JP3I (Jurnal Pengukuran Psikologi dan Pendidikan Indonesia) Vol 13, No 2 (2024): JP3I
Publisher : Fakultas Psikologi UIN Syarif Hidayatullah Jakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15408/jp3i.v13i2.30485

Abstract

Economic behavior has attracted scholars in the last decade, and past studies measured this construct partially from consumptive perspectives or entrepreneurial behavior (Mulyani et al., 2018). Therefore, this study aims to develop a new and valid measurement of students’ economic behavior and investigate its content validity using an exploratory factor analysis (EFA). The content validity is provided using an experts’ assessment method with a 4-point evaluation form. At the same time, the exploratory factor analysis is performed using SPSS. This study involved content validity assessment for each item (I-CVI) for the entire scale (S-CVI/Ave). Based on the analysis of the questionnaire scale, it can be concluded that the content validity check using I-CVI, S-CVI/Ave, and S-CVI/UA is all satisfactory except for item SEB20, which was subsequently dropped. On the other hand, the results of EFA indicated that two more items did not meet the thresholds and, thus, were excluded. Therefore, developing instruments to measure students’ economic behavior is prominent in dealing with digital changes, preventing consumptive behavior, and enhancing economic well-being.
Investigation of Content Validity and Exploratory Factor Analysis of Students’ Economic Behavior Measure Narmaditya, Bagus Shandy; Sahid, Sheerad; Hussin, Muhammad
JP3I (Jurnal Pengukuran Psikologi dan Pendidikan Indonesia) Vol. 13 No. 2 (2024): JP3I
Publisher : FAKULTAS PSIKOLOGI UIN SYARIF HIDAYATULLAH JAKARTA

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15408/jp3i.v13i2.30485

Abstract

Economic behavior has attracted scholars in the last decade, and past studies measured this construct partially from consumptive perspectives or entrepreneurial behavior (Mulyani et al., 2018). Therefore, this study aims to develop a new and valid measurement of students’ economic behavior and investigate its content validity using an exploratory factor analysis (EFA). The content validity is provided using an experts’ assessment method with a 4-point evaluation form. At the same time, the exploratory factor analysis is performed using SPSS. This study involved content validity assessment for each item (I-CVI) for the entire scale (S-CVI/Ave). Based on the analysis of the questionnaire scale, it can be concluded that the content validity check using I-CVI, S-CVI/Ave, and S-CVI/UA is all satisfactory except for item SEB20, which was subsequently dropped. On the other hand, the results of EFA indicated that two more items did not meet the thresholds and, thus, were excluded. Therefore, developing instruments to measure students’ economic behavior is prominent in dealing with digital changes, preventing consumptive behavior, and enhancing economic well-being.
Validating of Measurement Scale of Student Economics Behavior Using Exploratory and Confirmatory Factor Analysis Kustiandi, Januar; Sahid, Sheerad; Hana Kaharudin, Iszan
JPEK: Jurnal Pendidikan Ekonomi dan Kewirausahaan Vol 10 No 1 (2026): JPEK (Jurnal Pendidikan Ekonomi dan Kewirausahaan)
Publisher : Universitas Hamzanwadi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29408/jpek.v10i1.33181

Abstract

This research aims to develop and validate an instrument to measure students' economic behavior constructs. This research are contributes to studying students' habits in managing their daily consumption activities. Students at state universities studying economics education made up the research sample. Data analysis was conducted using two stages: exploratory factor analysis (EFA) for the 105 respondents in the pilot study and confirmatory factor analysis (CFA) for the 308 respondents in the field study. The study's findings demonstrate that the three-dimensional construct of economic behavior planning, buying or consuming, and saving consideration satisfies the criteria for validity and reliability, paving the way for additional investigation. After that, to identify additional variables that can regulate students' economic behavior, researchers might look at further elements that affect it.