Tadabbur in Financial Management Behavior: The Moderating Role of Financial Risk Tolerance

Darma Taujiharrahman (Universitas Diponegoro)
Irene Rini Demi Pangestuti (Universitas Diponegoro)

Jurnal Multidisiplin Madani (MUDIMA)
Vol. 5 No. 4 (2025): April 2025

This study investigates the impact of tadabbur behavior, operationalized through financial risk tolerance as a moderating variable, on the antecedents of responsible financial management behavior among young adults in Central Java, Indonesia. The sample comprised young adults aged 18 to 60 years. The research employed a two-step analytical approach, utilizing standard partial least squares structural equation modeling (PLS-SEM) alongside multigroup moderation analysis. The findings derived from the structural modeling indicate that financial management behavior is significantly influenced by financial knowledge, financial attitude, and an internal locus of control. However, the hypothesis positing tadabbur behavior, as defined by financial risk tolerance, as a moderating factor was not supported. These results suggest that the Indonesian populace, particularly in Central Java, has not fully integrated considerations of risk into their financial management practices