Journal of Economic, Finance Research and Review (JEFRR) · Research article · Open access
The Influence of Financial Literacy and Financial Attitudes Through Locus of Control on Financial Management Behavior Among Students
Khofifa Parwangsa Akbar, Yuliani Yuliani, Shelfi Malinda
24 February 2026 · Vol. 2, Issue 2, pp. 119-129
DOI: 10.65150/EP-jefrr/V2E2/2026-07
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What is this article about?
This study analyzes the influence of financial literacy and financial attitude on financial management behavior, both directly and indirectly, with locus of control serving as an intervening variable among Generation Z students at the Faculty of Economics, Sriwijaya University. A quantitative research design was employed, utilizing primary data obtained through questionnaires administered to students.
Article at a glance
- Published
- 24 February 2026
- Volume / issue / pages
- Vol. 2, Issue 2, pp. 119-129
- ISSN
- 3051-3650 (online) · 3051-3642 (print)
- Licence
- CC BY 4.0 — free to read and reuse with attribution
- Peer review
- Double-blind, at least two independent reviewers
- Publisher
- EP Journals Group
Abstract
This study analyzes the influence of financial literacy and financial attitude on financial management behavior, both directly and indirectly, with locus of control serving as an intervening variable among Generation Z students at the Faculty of Economics, Sriwijaya University. A quantitative research design was employed, utilizing primary data obtained through questionnaires administered to students. Statistical analyses were employed to examine both the direct and mediated relationships among the variables. The findings reveal that financial literacy, financial attitude, and locus of control each exert a positive and significant impact on financial management behavior. Furthermore, both financial literacy and financial attitude significantly affect locus of control. The results further demonstrate that locus of control mediates the relationships between the independent variables and financial management behavior. Overall, the study emphasizes the importance of enhancing financial knowledge, cultivating positive financial attitudes, and strengthening an internal locus of control to improve students’ financial management practices. These findings provide valuable insights for designing financial education initiatives that encourage responsible and sustainable financial decision-making among Generation Z.
Keywords: Financial Literacy, Financial Attitude, Locus of Control, Financial Management Behavior
Cite this article
Khofifa Parwangsa Akbar, Yuliani Yuliani, & Shelfi Malinda (2026). The Influence of Financial Literacy and Financial Attitudes Through Locus of Control on Financial Management Behavior Among Students. Journal of Economic, Finance Research and Review, 2(2), 119-129. https://doi.org/10.65150/EP-jefrr/V2E2/2026-07
@article{Khofifa2026,
title = {The Influence of Financial Literacy and Financial Attitudes Through Locus of Control on Financial Management Behavior Among Students},
author = {Khofifa Parwangsa Akbar and Yuliani Yuliani and Shelfi Malinda},
journal = {Journal of Economic, Finance Research and Review},
year = {2026},
volume = {2},
number = {2},
pages = {119-129},
doi = {10.65150/EP-jefrr/V2E2/2026-07},
url = {https://doi.org/10.65150/EP-jefrr/V2E2/2026-07}
}Questions about this article
Who wrote this article?
Khofifa Parwangsa Akbar, Yuliani Yuliani, Shelfi Malinda.
Where and when was it published?
In Journal of Economic, Finance Research and Review, Volume 2, Issue 2, pages 119-129, published by EP Journals Group on 24 February 2026.
Is this article free to read?
Yes. It is open access under a Creative Commons Attribution 4.0 (CC BY 4.0) licence, so anyone can read, share and reuse it with attribution.
What is the DOI of this article?
10.65150/EP-jefrr/V2E2/2026-07 (https://doi.org/10.65150/EP-jefrr/V2E2/2026-07).
How do I cite this article?
APA: Khofifa Parwangsa Akbar, Yuliani Yuliani, & Shelfi Malinda (2026). The Influence of Financial Literacy and Financial Attitudes Through Locus of Control on Financial Management Behavior Among Students. Journal of Economic, Finance Research and Review, 2(2), 119-129. https://doi.org/10.65150/EP-jefrr/V2E2/2026-07
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