Impact of Covid-19 Pandemic on the Financial Behavior

The spread of Covid-19 in Indonesia has caused disruption in all sectors, including the economic sector. One of the economic sectors currently in the spotlight is the declining per capita income, while consumption must continue to run to meet daily life. The study aims to identify the financial beh...

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Main Authors: Ade Gunawan, Murviana Koto, Willy Yusnandar, Jufrizen Jufrizen
Format: Article
Language:English
Published: Universitas KH Abdul Chalim, Prodi Ekonomi Syariah 2022-02-01
Series:Indonesian Interdisciplinary Journal of Sharia Economics
Subjects:
Online Access:https://e-journal.ikhac.ac.id/index.php/iijse/article/view/1849
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author Ade Gunawan
Murviana Koto
Willy Yusnandar
Jufrizen Jufrizen
author_facet Ade Gunawan
Murviana Koto
Willy Yusnandar
Jufrizen Jufrizen
author_sort Ade Gunawan
collection DOAJ
description The spread of Covid-19 in Indonesia has caused disruption in all sectors, including the economic sector. One of the economic sectors currently in the spotlight is the declining per capita income, while consumption must continue to run to meet daily life. The study aims to identify the financial behavior of Muhammadiyah people in Medan before and after the Covid-19 pandemic, especially in the aspects of consumption, cash flow management, saving, investment, and credit management. In addition, it measures whether there are differences in the financial behavior of Muhammadiyah people in Medan before and after the covid-19 pandemic, so that it can be a reference for what form of financial behavior should be. The impact of the Covid-19 pandemic is certainly a force majeure situation that can occur anytime and anywhere. Even though there are still many other force majeure events that can occur. It is a quantitative approach, with a statistically correlated parametric test (t test), if the data is not normal, then the Wilcoxon test is carried out. Based on the results of the study, it was found that there were significant differences between the financial behavior of Muhammadiyah people in Medan before and during the Covid-19 pandemic.
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spelling doaj.art-7b4ee72d580e49cb94f783d58ad919b22024-02-02T06:40:01ZengUniversitas KH Abdul Chalim, Prodi Ekonomi SyariahIndonesian Interdisciplinary Journal of Sharia Economics2621-606X2022-02-015110.31538/iijse.v5i1.1849Impact of Covid-19 Pandemic on the Financial BehaviorAde Gunawan0Murviana Koto1Willy Yusnandar2Jufrizen Jufrizen3Universitas Muhammadiyah Sumatera Utara, Medan, IndonesiaUniversitas Muhammadiyah Sumatera Utara, Medan, IndonesiaUniversitas Muhammadiyah Sumatera Utara, Medan, IndonesiaUniversitas Muhammadiyah Sumatera Utara, Medan, Indonesia The spread of Covid-19 in Indonesia has caused disruption in all sectors, including the economic sector. One of the economic sectors currently in the spotlight is the declining per capita income, while consumption must continue to run to meet daily life. The study aims to identify the financial behavior of Muhammadiyah people in Medan before and after the Covid-19 pandemic, especially in the aspects of consumption, cash flow management, saving, investment, and credit management. In addition, it measures whether there are differences in the financial behavior of Muhammadiyah people in Medan before and after the covid-19 pandemic, so that it can be a reference for what form of financial behavior should be. The impact of the Covid-19 pandemic is certainly a force majeure situation that can occur anytime and anywhere. Even though there are still many other force majeure events that can occur. It is a quantitative approach, with a statistically correlated parametric test (t test), if the data is not normal, then the Wilcoxon test is carried out. Based on the results of the study, it was found that there were significant differences between the financial behavior of Muhammadiyah people in Medan before and during the Covid-19 pandemic. https://e-journal.ikhac.ac.id/index.php/iijse/article/view/1849Financial BehaviorCovid-19 PandemicMuhammadiyahMedan
spellingShingle Ade Gunawan
Murviana Koto
Willy Yusnandar
Jufrizen Jufrizen
Impact of Covid-19 Pandemic on the Financial Behavior
Indonesian Interdisciplinary Journal of Sharia Economics
Financial Behavior
Covid-19 Pandemic
Muhammadiyah
Medan
title Impact of Covid-19 Pandemic on the Financial Behavior
title_full Impact of Covid-19 Pandemic on the Financial Behavior
title_fullStr Impact of Covid-19 Pandemic on the Financial Behavior
title_full_unstemmed Impact of Covid-19 Pandemic on the Financial Behavior
title_short Impact of Covid-19 Pandemic on the Financial Behavior
title_sort impact of covid 19 pandemic on the financial behavior
topic Financial Behavior
Covid-19 Pandemic
Muhammadiyah
Medan
url https://e-journal.ikhac.ac.id/index.php/iijse/article/view/1849
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AT murvianakoto impactofcovid19pandemiconthefinancialbehavior
AT willyyusnandar impactofcovid19pandemiconthefinancialbehavior
AT jufrizenjufrizen impactofcovid19pandemiconthefinancialbehavior