Jurnal Reviu Akuntansi dan Keuangan
Vol. 16 No. 4 (2026): Jurnal Reviu Akuntansi dan Keuangan

How Green Finance Literacy Shapes Green Financial Product Interest: The Mediating Role of Environmental Awareness?

Ummi Kalsum (Management Department, Faculty of Economics and Business, University of Muhammadiyah Palembang)
Arradytia Permana (Management Department, Faculty of Economics and Business, University of Muhammadiyah Palembang)
Randy Hidayat (Management Department, Faculty of Economics and Business, University of Muhammadiyah Palembang)
Nor Shamri Ithnin (Management Department, Faculty of Business and Communication, INTI University Nilai, Malaysia)



Article Info

Publish Date
31 Oct 2026

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.

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Journal Info

Abbrev

jrak

Publisher

Subject

Economics, Econometrics & Finance

Description

Jurnal Reviu Akuntansi dan Keuangan Investasi (JRAK) focuses on the research related on accounting and finance that are relevant for the development of the theory and practice of accounting in Indonesia and southeast asia. JRAK covered various of research approach, namely: quantitative, qualitative ...