How to cite this paper
Radianto, W., Purwanugraha, H., Kristanto, H., Efrata, T & Salim, I. (2025). The role of mental accounting and financial attitudes in shaping financial behavior among entrepreneurial students using fintech.Decision Science Letters , 14(1), 123-132.
Refrences
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Ajzen, I. (2012). The theory of planned behavior. Handbook of Theories of Social Psychology: Volume 1, 211, 438–459. https://doi.org/10.4135/9781446249215.n22
Amanah, E., Rahadian, D., & Iradianty, A. (2016). Pengaruh Financial Knowledge, Financial Attitude dan External Locus Of Control Terhadap Personal Financial Management Behavior Pada Mahasiswa S1 Universitas Telkom [The Influence of Financial Knowledge, Financial Attitude and External Locus of Control on Personal Financial Management Behavior on Bachelor Degree Students in Universitas Telkom]. In eProceedings of Management (Vol. 3).
Angle, P., Konidala, S., Ujwal, D., Vishnu, B., & Misra, S. (2019). Impact of Mental Accounting Bias on Stock Market Integration. Journal of Xian University of Architecture and Technology, 11(12), 283–304.
Asaff, R., Suryati, & Rahmayani, R. (2019). Pengaruh Financial Attitude dan Financial Knowledge terhadap Financial Management Behavior (Studi Kasus pada Mahasiswa Fakultas Ekonomi Konsentrasi Keuangan Universitas Andi Djemma Palopo) [The Influence of Financial Attitude and Financial Knowledge on Financial Management Bevahiour (A Case Study on Bachelor Degree Students of Faculty of Economic Finance Major of Universitas Andi Djemma Palopo ]. Journal of Economics, Management and Accounting, 2(2), 68–74.
Bakar, M. Z. A., & Bakar, S. A. (2020). Prudent Financial Behaviour among Youth: The Role of Financial Attitude. International Journal of Management and Humanities, 4(8), 30-34. https://doi.org/10.35940/ijmh.H0765.044820
Bandura, A. (1978). Self-efficacy: Toward a unifying theory of behavioral change. Advances in Behavior Research and Therapy, 1(4), 139–161. https://doi.org/10.1016/0146-6402(78)90002-4
Borden, L. M., Lee, S. A., Serido, J., & Collins, D. (2008). Changing college students’ financial knowledge, attitudes, and behavior through seminar participation. Journal of Family and Economic Issues, 29(1), 23–40. https://doi.org/10.1007/s10834-007-9087-2
Capuano, A., & Ramsay, I. (2012). What Causes Suboptimal Financial Behavior? An Exploration of Financial Literacy, Social Influences and Behavioral Economics. SSRN Electronic Journal, (540). https://doi.org/10.2139/ssrn.1793502
CFP Board, Zhang, C. Y., & Sussman, A. B. (2018). The Role of Mental Accounting in Household Spending and Investing Decisions. Client Psychology. https://doi.org/10.1002/9781119440895.ch6
Çoşkun, A., & Dalziel, N. (2020). Mediation effect of financial attitude on financial knowledge and financial behavior. International Journal of Research in Business and Social Science (2147- 4478), 9(2), 01–08. https://doi.org/10.20525/ijrbs.v9i2.647
Faktor, A., Memengaruhi, Y., Management, F., Dengan, B., Locus, M., & Control, O. F. (2020). Analisis faktor yang memengaruhi financial management behavior dengan mediasi locus of control [Analysing Factors that Affects Financial Management Behavior with Locus of Control as the Mediating Factor], 8, 549–563.
Farrell, L., Fry, T. R. L., & Risse, L. (2016). The significance of financial self-efficacy in explaining women’s personal finance Behavior. Journal of Economic Psychology, 54, 85–99. https://doi.org/10.1016/j.joep.2015.07.001
Henderson, P. W., & Peterson, R. A. (1992). Mental accounting and categorization. Organizational Behavior and Human Decision Processes, 51(1), 92–117. https://doi.org/10.1016/0749-5978(92)90006-S
Herdjiono, I., Damanik, L. A., & Musamus, U. (2016). Pengaruh Financial Attitude, Financial Knowledge, Parental Income Terhadap Financial Management Behavior [The Influence of Financial Attitude, Financial Knowledge, Parental Income on Financial Management Behavior]. Manajemen Teori Dan Terapan, 1(3), 226–241. https://doi.org/10.20473/jmtt.v9i3.3077
Hsee, C. K., & Kunreuther, H. C. (2000). The Affection Effect in Insurance Decisions. Journal of Risk and Uncertainty, 20(2), 141–159. https://doi.org/10.1023/A:1007876907268
Huston, S. J. (2010). Measuring Financial Literacy. Journal of Consumer Affairs, 44(2), 296–316. https://doi.org/10.1111/j.1745-6606.2010.01170.x
Ibrahim, D. I. D., Harun, R., & Isa, Z. M. (2010). A study on financial literacy of Malaysian degree students. Cross-Cultural Communication, 5(4), 51–59. https://doi.org/10.3968/j.ccc.1923670020090504.006
Kirbis, I. Š., Vehovec, M., & Galic, Z. (2016). Relationship Between Financial Satisfaction and Financial Literacy : Exploring. Drus Istraz Zagreb God, 26(2), 165–185.
Laili Rizkiawati, N., & Asandimitra, N. (2018). Pengaruh Demografi, Financial Knowledge, Financial Attitude, Locus of Control Dan Financial Self-Efficacy Terhadap Financial Management Behavior Masyarakat Surabaya [The Influence of Demography, Financial Knowledge, Financial Attitude, Locus of Control and Financial Self-Efficacy on Financial Management Bevahiour of the People of Surabaya]. Jurnal Ilmu Manajemen (JIM), 6(3), 93–107.
Lind, T., Ahmed, A., Skagerlund, K., Strömbäck, C., Västfjäll, D., & Tinghög, G. (2020). Competence, Confidence, and Gender: The Role of Objective and Subjective Financial Knowledge in Household Finance. Journal of Family and Economic Issues, (0123456789), 1–13. https://doi.org/10.1007/s10834-020-09678-9
Lown, J. M. (2011). Development and validation of a financial self-efficacy scale. Journal of Financial Counseling and Planning, 22(2), 54.
Mudzingiri, C., Muteba, M., Keyser, J. W., & Nicolaas, J. (2018). Financial behavior, confidence, risk preferences and financial literacy of university students. Cogent Economics and Finance, 6(1), 1–25. https://doi.org/10.1080/23322039.2018.1512366
Parrey, S. H., & Hakeem, I. A. (2018). Financial Knowledge and Financial Behavior of Agri-Allied Entrepreneurs: A Mediational Study of Cultural Values. Sankalpa, 8(2), 1–11.
Potrich, A. C. G., Vieira, K. M., Coronel, D. A., & Bender Filho, R. (2015). Financial literacy in Southern Brazil: Modeling and invariance between genders. Journal of Behavioral and Experimental Finance, 6, 1–12. https://doi.org/10.1016/j.jbef.2015.03.002
Radianto, W. E. D., Efrata, T. C., & Dewi, L. (2019). Level of Financial Literacy in Young Entrepreneurs: Study on Entrepreneurship-based University. In KnE Social Sciences (pp. 385–398).
Rai, K., Dua, S., & Yadav, M. (2019). Association of Financial Attitude, Financial Behavior and Financial Knowledge Towards Financial Literacy: A Structural Equation Modeling Approach. FIIB Business Review, 8(1), 51–60. https://doi.org/10.1177/2319714519826651
Sarigül, H. (2014). A Survey of Financial Literacy Among University Students. Journal of Accounting & Finance, 64, 207–224.
Saurabh, K., & Nandan, T. (2018). Role of financial risk attitude and financial behavior as mediators in financial satisfaction: Empirical evidence from India. South Asian Journal of Business Studies, 7(2), 207–224. https://doi.org/10.1108/SAJBS-07-2017-0088
Serido, J., Shim, S., & Tang, C. (2013). A developmental model of financial capability: A framework for promoting a successful transition to adulthood. International Journal of Behavioral Development, 37(4), 287–297. https://doi.org/10.1177/0165025413479476
Shefrin, H. M., & Thaler, R. H. (1988). The behavioral life‐cycle hypothesis. Economic Inquiry, 26(4), 609–643. https://doi.org/https://doi.org/10.1111/j.1465-7295.1988.tb01520.x
Silaya, M. A., & Persulessy, G. (2017). Mental accounting Dan Faktor Demografi: Fenomena Penggunaan Kartu Kredit Pada Pegawai Bank Danamon Cabang Ambon [Mental Accounting and Demography Factor: The Phenomenon of Credit Cards Usage of the Employee Of Ambon Branch of Bank Danamon]. Jurnal Soso-Q, 5(1), 57–67. https://doi.org/10.30598/sosoq.v5i1.112
Srivastava, M., Sharma, G. D., & Srivastava, A. K. (2019). Human brain and financial behavior: a neurofinance perspective. International Journal of Ethics and Systems, 35(4), 485–503. https://doi.org/10.1108/IJOES-02-2019-0036
Sugiyanto, T., Radianto, W. E. D., Efrata, T. C., & Dewi, L. (2019). Financial Literacy, Financial Attitude, and Financial Behavior of Young Pioneering Business Entrepreneurs. In 2019 International Conference on Organizational Innovation (ICOI 19) (pp. 353–358). Atlantis Press. https://doi.org/10.2991/icoi-19.2019.60
Thaler, R. (1985). Mental accounting and consumer choice. Marketing Science, 4(3), 199–214. https://doi.org/https://doi.org/10.1287/mksc.4.3.199
Thaler, R. H. (1999). Mental accounting matters. Journal of Behavioral Decision Making, 12(3), 183–206. https://doi.org/https://doi.org/10.1002/(SICI)1099-0771(199909)12:33.0.CO;2-F
Van Rooij, M. C. J., Lusardi, A., & Alessie, R. J. M. (2012). Financial literacy, retirement planning and household wealth. The Economic Journal, 122(560), 449–478. https://doi.org/10.1111/j.1468-0297.2012.02501.x
Yong, C.-C., Yew, S.-Y., & Wee, C.-K. (2018). Financial knowledge, attitude and Behavior of young working adults in Malaysia. Institutions and Economies, 10(4), 21–48.
Ajzen, I. (2012). The theory of planned behavior. Handbook of Theories of Social Psychology: Volume 1, 211, 438–459. https://doi.org/10.4135/9781446249215.n22
Amanah, E., Rahadian, D., & Iradianty, A. (2016). Pengaruh Financial Knowledge, Financial Attitude dan External Locus Of Control Terhadap Personal Financial Management Behavior Pada Mahasiswa S1 Universitas Telkom [The Influence of Financial Knowledge, Financial Attitude and External Locus of Control on Personal Financial Management Behavior on Bachelor Degree Students in Universitas Telkom]. In eProceedings of Management (Vol. 3).
Angle, P., Konidala, S., Ujwal, D., Vishnu, B., & Misra, S. (2019). Impact of Mental Accounting Bias on Stock Market Integration. Journal of Xian University of Architecture and Technology, 11(12), 283–304.
Asaff, R., Suryati, & Rahmayani, R. (2019). Pengaruh Financial Attitude dan Financial Knowledge terhadap Financial Management Behavior (Studi Kasus pada Mahasiswa Fakultas Ekonomi Konsentrasi Keuangan Universitas Andi Djemma Palopo) [The Influence of Financial Attitude and Financial Knowledge on Financial Management Bevahiour (A Case Study on Bachelor Degree Students of Faculty of Economic Finance Major of Universitas Andi Djemma Palopo ]. Journal of Economics, Management and Accounting, 2(2), 68–74.
Bakar, M. Z. A., & Bakar, S. A. (2020). Prudent Financial Behaviour among Youth: The Role of Financial Attitude. International Journal of Management and Humanities, 4(8), 30-34. https://doi.org/10.35940/ijmh.H0765.044820
Bandura, A. (1978). Self-efficacy: Toward a unifying theory of behavioral change. Advances in Behavior Research and Therapy, 1(4), 139–161. https://doi.org/10.1016/0146-6402(78)90002-4
Borden, L. M., Lee, S. A., Serido, J., & Collins, D. (2008). Changing college students’ financial knowledge, attitudes, and behavior through seminar participation. Journal of Family and Economic Issues, 29(1), 23–40. https://doi.org/10.1007/s10834-007-9087-2
Capuano, A., & Ramsay, I. (2012). What Causes Suboptimal Financial Behavior? An Exploration of Financial Literacy, Social Influences and Behavioral Economics. SSRN Electronic Journal, (540). https://doi.org/10.2139/ssrn.1793502
CFP Board, Zhang, C. Y., & Sussman, A. B. (2018). The Role of Mental Accounting in Household Spending and Investing Decisions. Client Psychology. https://doi.org/10.1002/9781119440895.ch6
Çoşkun, A., & Dalziel, N. (2020). Mediation effect of financial attitude on financial knowledge and financial behavior. International Journal of Research in Business and Social Science (2147- 4478), 9(2), 01–08. https://doi.org/10.20525/ijrbs.v9i2.647
Faktor, A., Memengaruhi, Y., Management, F., Dengan, B., Locus, M., & Control, O. F. (2020). Analisis faktor yang memengaruhi financial management behavior dengan mediasi locus of control [Analysing Factors that Affects Financial Management Behavior with Locus of Control as the Mediating Factor], 8, 549–563.
Farrell, L., Fry, T. R. L., & Risse, L. (2016). The significance of financial self-efficacy in explaining women’s personal finance Behavior. Journal of Economic Psychology, 54, 85–99. https://doi.org/10.1016/j.joep.2015.07.001
Henderson, P. W., & Peterson, R. A. (1992). Mental accounting and categorization. Organizational Behavior and Human Decision Processes, 51(1), 92–117. https://doi.org/10.1016/0749-5978(92)90006-S
Herdjiono, I., Damanik, L. A., & Musamus, U. (2016). Pengaruh Financial Attitude, Financial Knowledge, Parental Income Terhadap Financial Management Behavior [The Influence of Financial Attitude, Financial Knowledge, Parental Income on Financial Management Behavior]. Manajemen Teori Dan Terapan, 1(3), 226–241. https://doi.org/10.20473/jmtt.v9i3.3077
Hsee, C. K., & Kunreuther, H. C. (2000). The Affection Effect in Insurance Decisions. Journal of Risk and Uncertainty, 20(2), 141–159. https://doi.org/10.1023/A:1007876907268
Huston, S. J. (2010). Measuring Financial Literacy. Journal of Consumer Affairs, 44(2), 296–316. https://doi.org/10.1111/j.1745-6606.2010.01170.x
Ibrahim, D. I. D., Harun, R., & Isa, Z. M. (2010). A study on financial literacy of Malaysian degree students. Cross-Cultural Communication, 5(4), 51–59. https://doi.org/10.3968/j.ccc.1923670020090504.006
Kirbis, I. Š., Vehovec, M., & Galic, Z. (2016). Relationship Between Financial Satisfaction and Financial Literacy : Exploring. Drus Istraz Zagreb God, 26(2), 165–185.
Laili Rizkiawati, N., & Asandimitra, N. (2018). Pengaruh Demografi, Financial Knowledge, Financial Attitude, Locus of Control Dan Financial Self-Efficacy Terhadap Financial Management Behavior Masyarakat Surabaya [The Influence of Demography, Financial Knowledge, Financial Attitude, Locus of Control and Financial Self-Efficacy on Financial Management Bevahiour of the People of Surabaya]. Jurnal Ilmu Manajemen (JIM), 6(3), 93–107.
Lind, T., Ahmed, A., Skagerlund, K., Strömbäck, C., Västfjäll, D., & Tinghög, G. (2020). Competence, Confidence, and Gender: The Role of Objective and Subjective Financial Knowledge in Household Finance. Journal of Family and Economic Issues, (0123456789), 1–13. https://doi.org/10.1007/s10834-020-09678-9
Lown, J. M. (2011). Development and validation of a financial self-efficacy scale. Journal of Financial Counseling and Planning, 22(2), 54.
Mudzingiri, C., Muteba, M., Keyser, J. W., & Nicolaas, J. (2018). Financial behavior, confidence, risk preferences and financial literacy of university students. Cogent Economics and Finance, 6(1), 1–25. https://doi.org/10.1080/23322039.2018.1512366
Parrey, S. H., & Hakeem, I. A. (2018). Financial Knowledge and Financial Behavior of Agri-Allied Entrepreneurs: A Mediational Study of Cultural Values. Sankalpa, 8(2), 1–11.
Potrich, A. C. G., Vieira, K. M., Coronel, D. A., & Bender Filho, R. (2015). Financial literacy in Southern Brazil: Modeling and invariance between genders. Journal of Behavioral and Experimental Finance, 6, 1–12. https://doi.org/10.1016/j.jbef.2015.03.002
Radianto, W. E. D., Efrata, T. C., & Dewi, L. (2019). Level of Financial Literacy in Young Entrepreneurs: Study on Entrepreneurship-based University. In KnE Social Sciences (pp. 385–398).
Rai, K., Dua, S., & Yadav, M. (2019). Association of Financial Attitude, Financial Behavior and Financial Knowledge Towards Financial Literacy: A Structural Equation Modeling Approach. FIIB Business Review, 8(1), 51–60. https://doi.org/10.1177/2319714519826651
Sarigül, H. (2014). A Survey of Financial Literacy Among University Students. Journal of Accounting & Finance, 64, 207–224.
Saurabh, K., & Nandan, T. (2018). Role of financial risk attitude and financial behavior as mediators in financial satisfaction: Empirical evidence from India. South Asian Journal of Business Studies, 7(2), 207–224. https://doi.org/10.1108/SAJBS-07-2017-0088
Serido, J., Shim, S., & Tang, C. (2013). A developmental model of financial capability: A framework for promoting a successful transition to adulthood. International Journal of Behavioral Development, 37(4), 287–297. https://doi.org/10.1177/0165025413479476
Shefrin, H. M., & Thaler, R. H. (1988). The behavioral life‐cycle hypothesis. Economic Inquiry, 26(4), 609–643. https://doi.org/https://doi.org/10.1111/j.1465-7295.1988.tb01520.x
Silaya, M. A., & Persulessy, G. (2017). Mental accounting Dan Faktor Demografi: Fenomena Penggunaan Kartu Kredit Pada Pegawai Bank Danamon Cabang Ambon [Mental Accounting and Demography Factor: The Phenomenon of Credit Cards Usage of the Employee Of Ambon Branch of Bank Danamon]. Jurnal Soso-Q, 5(1), 57–67. https://doi.org/10.30598/sosoq.v5i1.112
Srivastava, M., Sharma, G. D., & Srivastava, A. K. (2019). Human brain and financial behavior: a neurofinance perspective. International Journal of Ethics and Systems, 35(4), 485–503. https://doi.org/10.1108/IJOES-02-2019-0036
Sugiyanto, T., Radianto, W. E. D., Efrata, T. C., & Dewi, L. (2019). Financial Literacy, Financial Attitude, and Financial Behavior of Young Pioneering Business Entrepreneurs. In 2019 International Conference on Organizational Innovation (ICOI 19) (pp. 353–358). Atlantis Press. https://doi.org/10.2991/icoi-19.2019.60
Thaler, R. (1985). Mental accounting and consumer choice. Marketing Science, 4(3), 199–214. https://doi.org/https://doi.org/10.1287/mksc.4.3.199
Thaler, R. H. (1999). Mental accounting matters. Journal of Behavioral Decision Making, 12(3), 183–206. https://doi.org/https://doi.org/10.1002/(SICI)1099-0771(199909)12:33.0.CO;2-F
Van Rooij, M. C. J., Lusardi, A., & Alessie, R. J. M. (2012). Financial literacy, retirement planning and household wealth. The Economic Journal, 122(560), 449–478. https://doi.org/10.1111/j.1468-0297.2012.02501.x
Yong, C.-C., Yew, S.-Y., & Wee, C.-K. (2018). Financial knowledge, attitude and Behavior of young working adults in Malaysia. Institutions and Economies, 10(4), 21–48.