INFLUENCE OF SELF-ESTEEM AND OBJECTIVE KNOWLEDGE FINANCIAL OF THE FINANCIAL BEHAVIOR IN YOUNG ADULTS WITH SUBJECTIVE FINANCIAL KNOWLEDGE MEDIATION AS VARIABLE

Rex Gosal (Finance and Investment Program, Faculty of Business and Economics, Petra Christian University)
Dewi Astuti (Finance and Investment Program, Faculty of Business and Economics, Petra Christian University)
Evelyn Evelyn (Finance and Investment Program, Faculty of Business and Economics, Petra Christian University)

International Journal of Financial and Investment Studies
Vol 2 No 2 (2021): OCTOBER 2021

This study aims to determine the effect of self-esteem and objective financial knowledge on financial behavior. In addition, this study also seeks to assess the impact of subjective financial knowledge as a mediating variable between self-esteem and objective financial knowledge on financial behavior. The population of this research is young adults in Surabaya. The research sample is the population aged 25-34 years and invested in stocks for less than three years. Data analysis method used is partial least square analysis. The results showed that self-esteem had a significant effect on financial behavior, objective financial knowledge had no considerable impact on financial behavior, subjective financial knowledge had a significant effect on financial behavior, self-esteem, and financial. In addition, objective knowledge has a significant effect on subjective financial knowledge, and self-esteem and financial knowledge objective have a significant impact on financial behavior with financial knowledge subjective as a mediating variable.