FINANCIAL MANAGEMENT BEHAVIOR: HUBUNGAN ANTARA SELF-EFFICACY, SELF-CONTROL, DAN COMPULSIVE BUYING

Authors

  • Mukhibatul Hikmah Departemen of Business Administration Faculty of Administrative Science Brawijaya University
  • Saparila Worokinasih Brawijaya University
  • Cacik Rut Damayanti Brawijaya University

Keywords:

Financial Management Behavior, Self-efficacy, Self-control, Compulsive Buying

Abstract

The ability to manage finances potentially affect a person's financial condition and psychological condition in the future. This study aims to determine the impact of self-efficacy and self-control on financial management behavior and its impact on compulsive buying behavior. The study was conducted by collecting and analyzing related journals for the research objectives. Based on literature studies conducted, self-efficacy and self-control affect financial management behavior and compulsive buying. The studies also show that self-efficacy influences self-control, increasing the level of self-efficacy in a person can prevent her/him in compulsive actions such as compulsive buying.

References

Achtziger, A., Hubert, M., Kenning, P., Raab, G., & Reisch, L. (2015). Debt Out of Control: The Links Between Self-Control, Compulsive Buying, and Real Debts. Journal of Economic Psychology. https://doi.org/10.1016/j.joep.2015.04.003

Akhadiyah, R. F. (2017). PERILAKU PEMBELIAN KOMPULSIF PRODUK FASHION ( SurveiPadaKonsumen Fashion Malang Town Square Di Kota Malang ). 48(1), 19–27.

Asebedo, S. D., Seay, M. C., Archuleta, K., & Brase, G. (2019). The Psychological Predictors of Older Preretirees’ Financial Self-Efficacy. Journal of Behavioral Finance, 20(2), 127–138. https://doi.org/10.1080/15427560.2018.1492580

Bamforth, J., & Geursen, G. (2017). Categorising the money management behaviour of young consumers. Young Consumers, 18, 0. https://doi.org/10.1108/YC-01-2017-00658

Bamforth, J., Jebarajakirthy, C., & Geursen, G. (2018). Understanding undergraduates’ money management behaviour: a study beyond financial literacy. International Journal of Bank Marketing, 36. https://doi.org/10.1108/IJBM-05-2017-0104

Biljanovska, N., & Palligkinis, S. (2013). Control Thyself: Self-Control Failure and Household Wealth. SSRN Electronic Journal. https://doi.org/10.2139/ssrn.2341701

Chen, X., Li, B., Xie, J., Li, Y., & Guodong, Z. (2018). The Big Five, Self-efficacy, and Self-control in Boxers. https://doi.org/10.1101/361295

Choi, J., Laibson, D., & Madrian, B. (2005). $100 Bills on the Sidewalk: Suboptimal Investment in 401(k) Plans.

Dittmar, H. (2005). A New Look at ?Compulsive Buying?: Self?Discrepancies and Materialistic Values as Predictors of Compulsive Buying Tendency. Journal of Social and Clinical Psychology - J SOC CLIN PSYCHOL, 24, 832–859. https://doi.org/10.1521/jscp.2005.24.6.832

Donnelly, G., Iyer, R., & Howell, R. (2012). The Big Five personality traits, material values, and financial well-being of self-described money managers. Journal of Economic Psychology, 33, 1129–1142. https://doi.org/10.1016/j.joep.2012.08.001

Dwiastanti, A. (2015). Financial Literacy as the Foundation for Individual Financial Behavior. Journal of Education and Practice, 6(33), 99–105. Retrieved from http://www.eric.ed.gov/contentdelivery/servlet/ERICServlet?accno=EJ1083664

Farrell, L., Fry, T., & Risse, L. (2015). The significance of financial self-efficacy in explaining women’s personal finance behaviour. Journal of Economic Psychology. https://doi.org/10.1016/j.joep.2015.07.001

Felicia, F., Elvinawaty, R., & Hartini, S. (n.d.). Kecenderungan Pembelian Kompulsif: Peran Perfeksionisme dan Gaya Hidup Hedonistik. Psikologia: Jurnal Pemikiran Dan Penelitian Psikologi, 9(3).

Helen, D. (2019). Preventing compulsive shopping among young South-Africans and Germans. Young Consumers, 20(1), 29–43. https://doi.org/10.1108/YC-08-2018-0842

Herawati, N., Candiasa, I., Yadnyana, I., & Suharsono, N. (2018). Factors That Influence Financial Behavior Among Accounting Students in Bali. International Journal of Business Administration, 9, 30. https://doi.org/10.5430/ijba.v9n3p30

Herdjiono, I., & Damanik, L. A. (2016). Pengaruh Financial Attitude, Financial Knowledge, Parental Income Terhadap Financial Management. Jurnal Manajemen Teori Dan Terapan Universitas Musamus, 9(3), 226–241.

Horváth, C., Büttner, O., Belei, N., & Adigüzel, F. (2015). Balancing the Balance: Self-Control Mechanisms and Compulsive Buying. Journal of Economic Psychology, 49. https://doi.org/10.1016/j.joep.2015.05.004

Kaur, S. (2018). Compulsive Buying Behaviour in relation to Self Control and Generalized Self Efficacy among Young Professionals. Journal Homepage: International Journal of Research in Social Sciences, 8(3), 2249–2496.

Lajuni, N., Bujang, I., Karia, A. A., & Yacob, Y. (2018). Religiosity, Financial Knowledge, And Financial Behavior Influence On Personal Financial Distress Among Millennial Generation. Jurnal Manajemen Dan Kewirausahaan, 20(2), 92–98.

Lee, S.-H., & Workman, J. (2015). Compulsive buying and branding phenomena. Journal of Open Innovation: Technology, Market, and Complexity, 1. https://doi.org/10.1186/s40852-015-0004-x

Maskhuroh, S., & Renanita, T. (2018). Pembelian Kompulsif Ditinjau dari Kontrol Diri Guru Sekolah Dasar. Jurnal Ilmu Perilaku, 2, 15. https://doi.org/10.25077/jip.2.1.15-24.2018

Moon, M., Rasool, H., & Attiq, S. (2015). Personality and Irregular Buying Behavior: Adaptation and Validation of Core Self Evaluation Personality Trait Model in Consumer Impulsive and Compulsive Buying Behavior. Journal of Marketing and Consumer Research, 15, 121–131.

Omar, N. A. (2014). Compulsive buying and credit card misuse among credit card holders: The roles of self-esteem, materialism, impulsive buying and budget constraint. Intangible Capital, 10, 446.

Ozmete, E., & Hira, T. (2011). Conceptual analysis of behavioral theories/models: Application to financial behavior. European Journal of Social Sciences, 18, 386–404.

Palan, K. M., Morrow, P. C., Trapp, A., & Blackburn, V. (2011). Compulsive Buying Behavior in College Students: The Mediating Role of Credit Card Misuse. Journal of Marketing Theory and Practice, 19(1), 81–96. https://doi.org/10.2753/MTP1069-6679190105

Pandey, S. (2016). The Effect of Deals and Moods on Compulsive Buying: A Study on Young Indian Consumers. Global Business Review, 17. https://doi.org/10.1177/0972150915619821

Pham, T., Yap, K., & Dowling, N. (2012). The impact of financial management practices and financial attitudes on the relationship between materialism and compulsive buying. Journal of Economic Psychology, 33, 565–573. https://doi.org/10.1016/j.joep.2011.12.007

Putri, N. M. D. R., & Rahyuda, H. (2017). Pengaruh Tingkat Financial Literacy dan Faktor Sosiodemografi terhadap Perilaku Keputusan Investasi Individu. E-Jurnal Ekonomi Dan Bisnis Universitas Udayana, 6(9), 3407–3434.

Singh, R., & Nayak, J. (2016). Effect of family environment on adolescent compulsive buying: mediating role of self-esteem. Asia Pacific Journal of Marketing and Logistics, 28, 396–419. https://doi.org/10.1108/APJML-05-2015-0082

Strömbäck, C., Lind, T., Skagerlund, K., Västfjäll, D., & Tinghög, G. (2017). Does self-control predict financial behavior and financial well-being? Journal of Behavioral and Experimental Finance, 14. https://doi.org/10.1016/j.jbef.2017.04.002

Weinstein, A., Maraz, A., Griffiths, M., Lejoyeux, M., & Demetrovics, Z. (2016). Compulsive Buying—Features and Characteristics of Addiction. https://doi.org/10.1016/B978-0-12-800634-4.00098-6

Downloads

Published

2020-07-23

Issue

2020: SPECIAL ISSUE (EKOSISTEM START UP)

Section

Articles

License

The copyright of the received article shall be assigned to the journal as the publisher of the journal. The intended copyright includes the right to publish the article in various forms (including reprints). The journal maintains the publishing rights to the published articles.

Creative Commons License
This work is licensed under a 
Creative Commons Attribution-NonCommercial 4.0 International License