Pengaruh Literasi Keuangan dan Literasi Digital terhadap Perilaku Keuangan dengan Self-Efficacy sebagai Variabel Mediasi pada Masyarakat Kabupaten Sumbawa

Niken Meylianisapitri; Arya Zulfikar Akbar

doi:10.55681/sentri.v5i4.6109

Authors

Niken Meylianisapitri Universitas Teknologi Sumbawa
Arya Zulfikar Akbar Universitas Teknologi Sumbawa

DOI:

https://doi.org/10.55681/sentri.v5i4.6109

Keywords:

Financial Literacy, Digital Literacy, Self-Efficacy, Financial Behavior.

Abstract

The phenomenon of technological disruption in the financial sector post-pandemic has transformed the economic landscape of society, including in Sumbawa Regency. The ability to adapt, reflected in financial literacy and digital literacy, has become an absolute prerequisite for shaping healthy financial behavior. This study aims to comprehensively analyze the influence of financial literacy and digital literacy on financial behavior, positioning self-efficacy as a mediating variable that bridges the gap between knowledge and action. The independent variables in this research are financial literacy and digital literacy. Financial behavior serves as the dependent variable, and self-efficacy acts as the mediating variable. This study used 150 samples taken from the productive-age population in Sumbawa Regency using purposive sampling technique. The data obtained were analyzed using the Structural Equation Modeling (SEM) method based on Partial Least Square (PLS). The results of the study stated that each variable of financial literacy, digital literacy, and self-efficacy had a significant positive effect on financial behavior. Financial literacy and digital literacy also have a significant positive effect on self-efficacy. The self-efficacy variable as a parameter states that it partially mediates the effect of financial literacy on financial behavior, while the relationship between digital literacy and financial behavior is fully mediated by self-efficacy. The implications of this study emphasize the need for a holistic approach that not only transfers technical knowledge but also builds the self-confidence (self-efficacy) of the Sumbawa community in facing the digital economic ecosystem. A key theoretical contribution of this study is the explicit identification of the nature of self-efficacy mediation: it functions as a partial mediator between financial literacy and financial behavior, and as a full mediator between digital literacy and financial behavior, confirming that digital skills alone cannot drive healthy financial behavior without the psychological confidence provided by self-efficacy.

Downloads

Download data is not yet available.

References

Abdallah, A. H., Asad, M., & Al-Maroof, R. S. (2024). Digital financial literacy and financial well-being: The mediating role of financial behavior. International Journal of Bank Marketing, 42(3), 455-478.

ADB. (2021). Digital Finance for Inclusion and Growth in Southeast Asia. Manila: Asian Development Bank.

Ajzen, I. (1991). The theory of planned behavior. Organizational Behavior and Human Decision Processes, 50(2), 179-211. https://doi.org/10.1016/0749-5978(91)90020-T

Anah, S., Wulandari, R., & Santoso, B. (2023). Peran self-efficacy dalam memediasi pengaruh literasi digital terhadap keputusan investasi generasi milenial. Jurnal Ilmiah Manajemen, 11(2), 210-225.

Azzahra, A. T., & Faridatussalam, S. R. (2025). Pengaruh literasi keuangan, literasi digital, inklusi keuangan, kepercayaan layanan keuangan, dan gaya hidup terhadap perilaku keuangan generasi Z di Surakarta. Inovasi Pembangunan – Jurnal Kelitbangan, 13(1), 1-15.

Bai, L., Shaukat, M. S., & Ahmed, M. (2023). Financial literacy, financial self-efficacy and financial well-being: the role of financial behavior. International Journal of Social Economics.

Bandura, A. (1986). Social foundations of thought and action: A social cognitive theory. Prentice-Hall.

BPS Kabupaten Sumbawa. (2024). Kabupaten Sumbawa Dalam Angka 2024. Sumbawa: Badan Pusat Statistik.

Cahyono, T. D., & Rizqi, R. M. (2024). The impact of digital marketing, financial literacy, and digital literacy on purchasing intent for online products. Indonesian Business Review, 7(2), 83-93.

Chhillar, S., Chauhan, Y., & Saini, R. (2025). Digital financial literacy and its impact on investment behavior among young adults. Journal of Financial Services Marketing, 30(2), 165-179.

Chin, W. W. (1998). The partial least squares approach to structural equation modeling. Modern methods for business research, 295(2), 295-336.

Choung, Y., Chatterjee, S., & Pak, T. Y. (2023). Digital financial literacy and financial well-being. Finance Research Letters, 58, Article 104438.

Dewi, M., Buchdadi, A. D., Mahfirah, T. F., & Wastuti, W. (2025). Financial literacy as a mediating variable between financial behavior and financial inclusion: Evidence from generation Z in Indonesia. International Journal on Advanced Science, Education, and Religion (IJoASER), 8(2), 107-118.

Farrell, L., Fry, T. R. L., & Risse, L. (2016). The significance of financial self-efficacy in explaining women's personal finance behaviour. Journal of Economic Psychology, 54, 85-99. https://doi.org/10.1016/j.joep.2015.07.001

Fornell, C., & Larcker, D. F. (1981). Evaluating structural equation models with unobservable variables and measurement error. Journal of marketing research, 18(1), 39-50.

Grohmann, A., Klühs, T., & Menkhoff, L. (2018). Does financial literacy improve financial inclusion? Cross-country evidence. World Development, 102, 209-230.

Gunawan, A., Pulungan, D. R., & Koto, M. (2023). Pengaruh Literasi Keuangan Dan Self Efficacy Terhadap Perilaku Pengelolaan Keuangan. Jurnal Ilmiah Manajemen dan Bisnis, 24(1).

Hair, J. F., Hult, G. T. M., Ringle, C. M., & Sarstedt, M. (2021). A primer on partial least squares structural equation modeling (PLS-SEM). Sage publications.

Hasan, M., Le, T., & Hoque, A. (2021). Digital financial literacy and financial inclusion. Australian Economic Papers, 60(2), 212-231.

Kusumawardhani, R., Prihatin, W., Damanik, J. M., & Mubarokah, S. (2024). Impact of digital financial literacy on the shopping and saving behaviors of Indonesian millennials. Jurnal Ekonomi dan Bisnis, 28(2), 155-168.

Loh, C. P., et al. (2022). The missing link: How self-efficacy bridges digital financial literacy to financial health. Journal of Behavioral and Experimental Finance.

Lone, U. M., & Bhat, S. A. (2024). Impact of financial literacy on financial well-being: A mediational role of financial self-efficacy. Journal of Financial Services Marketing, 29(1), 122-137.

Lusardi, A., Michaud, P. C., & Mitchell, O. S. (2023). Optimal Financial Knowledge and Wealth Inequality. Journal of Political Economy.

Nunnally, J. C., & Bernstein, I. H. (1994). Psychometric Theory. McGraw-Hill.

Nuryani, H. S., & Israfiani, R. (2021). Pengaruh literasi keuangan dan modal sosial terhadap inklusi keuangan masyarakat usia produktif di Sumbawa. Jurnal Manajemen dan Bisnis, 4(2), 12-22.

OECD. (2020). OECD/INFE Survey of Adult Financial Literacy. Paris: OECD Publishing.

OJK. (2024). Survei Nasional Literasi dan Inklusi Keuangan (SNLIK) Tahun 2024. Jakarta: Otoritas Jasa Keuangan.

Pranitasari, D., Suriawinata, I. S., & Andyarini, K. T. (2025). Literasi digital dan keuangan pelaku UMKM perempuan untuk keberlanjutan usaha. BERDAYA: Jurnal Pendidikan dan Pengabdian Kepada Masyarakat, 7(3), 471-480.

Pratama, A. W., & Ratnawati, K. (2024). Pengaruh financial knowledge, financial experience, dan financial self-efficacy terhadap financial behavior. Jurnal Manajemen dan Riset Keuangan, 3(1), 37-44.

Rahayu, S. M., Worokinasih, S., Damayanti, C. R., Normawati, R. A., Rachmatika, A. G., & Aprilian, Y. A. (2024). The road to financial resilient: Testing digital financial literacy and saving behavior. Finance: Theory and Practice, 28(3), 218-230.

Ramalho, T. B., & Forte, D. (2018). Financial literacy in Brazil – Do knowledge and self-confidence relate with behavior? RAUSP Management Journal, 54(1), 77-95. https://doi.org/10.1108/RAUSP-04-2018-0008

Ramizah, A., & Rahayu, R. (2025). Pengaruh digital financial literacy, impulsivity, self-efficacy terhadap financial wellbeing dengan financial behavior sebagai mediasi. Management Studies and Entrepreneurship Journal (MSEJ), 6(3), 7631-7645.

Simbolon, L. R. B., Suriyanti, L. H., & Samsiah, S. (2025). Pengaruh literasi keuangan digital, literasi keuangan, dan sosialisasi keuangan terhadap perilaku keuangan. Multiplier: Jurnal Magister Manajemen, 6(1), 45-58.

Situmorang, E. (2024). Effect of digital literacy and financial literacy on financial behavior of Gen Z entrepreneurs. Journal of Education and Technology, 2(1), 55-67.

Surya, N., & Evelyn, E. (2023). Pengaruh literasi keuangan dan financial self-efficacy terhadap risky credit behaviour dalam penggunaan paylater. Jurnal Manajemen dan Keuangan, 12(1), 37-60.

Susnaningsih, M., Fachrurrozi, F., & Sari, N. (2024). Rapid development in the digital financial landscape: Direct and indirect relationship between DFL and FWB. International Journal of Business and Economics, 15(2), 201-215.

Sutanto, A., & Hardiningsih, P. (2021). Financial Literacy, Self-Efficacy, and Financial Behavior: A Case Study in Central Java. Economics & Business Solutions Journal.

Tiffani, I. (2023). Pengaruh literasi keuangan dan literasi digital terhadap preferensi bank digital. Mbia, 22(1), 152-167.

Tuwu, D. (2022). Efikasi Diri dan Literasi Keuangan terhadap Kesejahteraan Finansial Keluarga pada Masa Pandemi. Jurnal Ekonomi dan Bisnis.

Wahyuni, M. T., Sucahyati, D., & Suryaningrum, D. H. (2025). Pengaruh literasi keuangan, teknologi keuangan dan efikasi keuangan terhadap inklusi keuangan pada era digital dengan perilaku keuangan sebagai variabel mediasi. El-Mal: Jurnal Kajian Ekonomi & Bisnis Islam, 6(1), 48-70.

Wibowo, H. P. C., & Syah, M. F. J. (2025). Pengaruh literasi keuangan dan teknologi keuangan melalui financial self-efficacy terhadap inklusi keuangan mahasiswa. Jurnal Samudra Ekonomi dan Bisnis, 16(3), 538-548.

World Bank. (2022). The Global Findex Database 2021: Financial Inclusion, Digital Payments, and Resilience in the Age of COVID-19. Washington, DC: World Bank.