Role of Financial Literacy in Indonesian International Exchange Students’ Financial Management
Mediated by Financial Technology Adaptation
DOI:
https://doi.org/10.56750/cesjv9i3.1885Keywords:
Financial Literacy, Financial Management, Financial Technology Adaptation, International Exchange Program, StudentsAbstract
The low level of financial literacy in Indonesia has the potential to affect students’ ability to manage their finances, particularly among participants of international student exchange programs who are exposed to different financial systems and payment technologies. This study aims to analyze the effect of financial literacy on financial management and to examine the mediating role of financial technology adaptation. The research employed a quantitative approach using a survey method involving Indonesian students who had participated in international student exchange programs. The sampling technique used was purposive sampling. Data were collected through questionnaires and analyzed using regression analysis and path analysis with the PROCESS Macro by Hayes in SPSS. The results indicate that financial technology adaptation significantly mediates the effect of financial literacy on financial management, as evidenced by an indirect effect value of 0.285 and a 95% bootstrap confidence interval ranging from 0.066 to 0.580, which does not include zero. These findings suggest that financial technology adaptation serves as a partial mediator, meaning that the effect of financial literacy on financial management occurs both directly and indirectly through financial technology adaptation.
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