The Effect Of Digital Financial Literacy, E-Wallet Adoption, And Locus Of Control On Community Financial Management In Pontianak City With Risk Taking As A Moderating Variable

Kristina Hesti Hesti; Dedi Hariyanto; Heni Safitri

doi:10.55681/economina.v5i8.3524

Authors

Kristina Hesti Hesti Universitas Muhammadiyah Pontianak,Pontianak, Indonesia
Dedi Hariyanto Universitas Muhammadiyah Pontianak, Pontianak, Indonesia
Heni Safitri Universitas Muhammadiyah Pontianak, Pontianak, Indonesia

DOI:

https://doi.org/10.55681/economina.v5i8.3524

Keywords:

Digital Financial Literacy, E-Wallet Adoption, Locus of Control, Financial Management, Risk Taking

Abstract

This study aims to analyze the effect of Digital Financial Literacy, E-Wallet Adoption, and Locus of Control on Community Financial Management in Pontianak City with Risk Taking as a moderating variable. This study uses a quantitative approach with an associative method. The research sample consists of 150 respondents selected using a purposive sampling technique, namely residents of Pontianak City who are at least 17 years old, have an e-wallet account, and have conducted transactions within the last six months. The data were analyzed using Moderated Regression Analysis (MRA) with the assistance of IBM SPSS. The results of the study in equation I produce the regression model Y = 0.984 + 0.035X₁ + 0.267X₂ + 0.463X₃ + e, which shows that E-Wallet Adoption and Locus of Control have a significant effect on Financial Management, while Digital Financial Literacy does not have a significant effect. Furthermore, in equation II, the regression model Y = 0.687 − 0.230X₁ + 0.099X₂ + 0.428X₃ + 0.350Z + 0.062X₁Z + 0.020X₂Z − 0.041X₃Z + e is obtained, which shows that Digital Financial Literacy, Locus of Control, and Risk Taking have a significant effect on Financial Management, while E-Wallet Adoption does not have a significant effect. Risk Taking is proven to moderate the effect of Digital Financial Literacy on Financial Management, but does not moderate the effect of E-Wallet Adoption or Locus of Control. In addition, the moderation model simultaneously has a significant effect on Financial Management with the coefficient of determination increasing from 69.7% in equation I to 99.0% in equation II.

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