Financial Well-Being Model for Bank Employees: the Role of Financial Behavior as a Mediator
The aim of this study is to investigate the factors influencing the financial well-being of Bank Jatim employees in Indonesia. These factors encompass financial knowledge, financial socialization, internal locus of control, lifestyle, and current financial stress. Additionally, the study delves into...
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| Format: | Article |
| Language: | English |
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Pusat Penelitian dan Pengabdian Masyarakat Sekolah Tinggi Ilmu Ekonomi (PPPM STIE)
2023-11-01
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| Series: | Journal of Economics, Business & Accountancy |
| Subjects: | |
| Online Access: | https://journal.perbanas.ac.id/index.php/jebav/article/view/3948 |
| _version_ | 1797301263945170944 |
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| author | Hendro Setiawan Rr Iramani |
| author_facet | Hendro Setiawan Rr Iramani |
| author_sort | Hendro Setiawan |
| collection | DOAJ |
| description | The aim of this study is to investigate the factors influencing the financial well-being of Bank Jatim employees in Indonesia. These factors encompass financial knowledge, financial socialization, internal locus of control, lifestyle, and current financial stress. Additionally, the study delves into the role of financial behavior as a mediator in this model of financial well-being. The respondents in this study are permanent employees of Bank Jatim, Indonesia, selected through purposive sampling. The findings reveal that financial knowledge, financial socialization, and current financial stress directly impact financial well-being. Internal locus of control affects financial well-being both directly and indirectly, mediated by financial behavior. However, financial behavior doesn't serve as a mediator for the influence of lifestyle on the financial well-being of bank employees. Furthermore, the results do not provide sufficient evidence for financial behavior mediating the effects of other determinant variables. For the company, this implies that enhancing the financial well-being of bank employees should involve efforts to augment their financial knowledge, promote financial socialization, and encourage a composed approach to managing their financial situations. As for bank employees, achieving financial well-being necessitates maintaining an internal locus of control and exhibiting prudent financial management behaviors.
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| first_indexed | 2024-03-07T23:20:01Z |
| format | Article |
| id | doaj.art-7b47d3e40f794bd39b7e76384a816e49 |
| institution | Directory Open Access Journal |
| issn | 2087-3735 2088-785X |
| language | English |
| last_indexed | 2024-03-07T23:20:01Z |
| publishDate | 2023-11-01 |
| publisher | Pusat Penelitian dan Pengabdian Masyarakat Sekolah Tinggi Ilmu Ekonomi (PPPM STIE) |
| record_format | Article |
| series | Journal of Economics, Business & Accountancy |
| spelling | doaj.art-7b47d3e40f794bd39b7e76384a816e492024-02-21T07:49:09ZengPusat Penelitian dan Pengabdian Masyarakat Sekolah Tinggi Ilmu Ekonomi (PPPM STIE)Journal of Economics, Business & Accountancy2087-37352088-785X2023-11-0126220521910.14414/jebav.v26i2.3948Financial Well-Being Model for Bank Employees: the Role of Financial Behavior as a MediatorHendro Setiawan0Rr Iramani1Universitas Hayam Wuruk Perbanas, Surabaya, East Java, IndonesiaUniversitas Hayam Wuruk Perbanas, Surabaya, East Java, IndonesiaThe aim of this study is to investigate the factors influencing the financial well-being of Bank Jatim employees in Indonesia. These factors encompass financial knowledge, financial socialization, internal locus of control, lifestyle, and current financial stress. Additionally, the study delves into the role of financial behavior as a mediator in this model of financial well-being. The respondents in this study are permanent employees of Bank Jatim, Indonesia, selected through purposive sampling. The findings reveal that financial knowledge, financial socialization, and current financial stress directly impact financial well-being. Internal locus of control affects financial well-being both directly and indirectly, mediated by financial behavior. However, financial behavior doesn't serve as a mediator for the influence of lifestyle on the financial well-being of bank employees. Furthermore, the results do not provide sufficient evidence for financial behavior mediating the effects of other determinant variables. For the company, this implies that enhancing the financial well-being of bank employees should involve efforts to augment their financial knowledge, promote financial socialization, and encourage a composed approach to managing their financial situations. As for bank employees, achieving financial well-being necessitates maintaining an internal locus of control and exhibiting prudent financial management behaviors. https://journal.perbanas.ac.id/index.php/jebav/article/view/3948financial well-beingfinancial knowledgefinancial socializationlifestylefinancial stressfinancial behavior |
| spellingShingle | Hendro Setiawan Rr Iramani Financial Well-Being Model for Bank Employees: the Role of Financial Behavior as a Mediator Journal of Economics, Business & Accountancy financial well-being financial knowledge financial socialization lifestyle financial stress financial behavior |
| title | Financial Well-Being Model for Bank Employees: the Role of Financial Behavior as a Mediator |
| title_full | Financial Well-Being Model for Bank Employees: the Role of Financial Behavior as a Mediator |
| title_fullStr | Financial Well-Being Model for Bank Employees: the Role of Financial Behavior as a Mediator |
| title_full_unstemmed | Financial Well-Being Model for Bank Employees: the Role of Financial Behavior as a Mediator |
| title_short | Financial Well-Being Model for Bank Employees: the Role of Financial Behavior as a Mediator |
| title_sort | financial well being model for bank employees the role of financial behavior as a mediator |
| topic | financial well-being financial knowledge financial socialization lifestyle financial stress financial behavior |
| url | https://journal.perbanas.ac.id/index.php/jebav/article/view/3948 |
| work_keys_str_mv | AT hendrosetiawan financialwellbeingmodelforbankemployeestheroleoffinancialbehaviorasamediator AT rriramani financialwellbeingmodelforbankemployeestheroleoffinancialbehaviorasamediator |