Self-Control Factor Analysis, Financial Anxiety, and Financial Stress on Financial Satisfaction as an Indication Financial Sustainability
Study of Accounting Students Who Own a Business
Abstract
Abstract: The focus of this research is to find out the factors that can increase financial satisfaction.Financial literacy is very important for economic growth. One aspect of financial literacy that can increase economic growth is financial satisfaction . Low levels of financial satisfaction negatively impact a person's current and future financial adequacy. This research was conducted during the COVID-19 pandemic where people experienced financial anxiety, financial stress, financial self-control. This study used these factors as predictors and the test results in this study explain that there is a significant effect association between self-control with financial satisfaction, then financial stress and financial anxiety with financial stress and financial satisfaction. These influencing factors can be aspects of further development to increase sustainable economic growth.
Keywords: Self Control, Financial Anxiety, Financial satisfaction, Financial Stress
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References
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Sultan, A. J., Joireman, J., & Sprott, D. E. (2012). Building consumer self-control: The effect of self-control exercises on impulse buying urges. Marketing Letters, 23(1), 61-72.
Sorooshian, S., & Teck, T. S. (2014). Elements of Total Quality Management. Technology & Management, 249.
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, 30-38.
Siswanti, I., & Halida, A. M. (2020). Financial knowledge, financial attitude, and financial management behavior: Self–control as mediating. The International Journal of Accounting and Business Society, 28(1), 105-132.
Tangney, J. P., Baumeister, R. F., & Boone, A. L. (2004). High self‐control predicts good adjustment, less pathology, better grades, and interpersonal success. Journal of personality, 72(2), 271-324.
Woodyard, A. S., & Robb, C. A. (2016). Consideration of financial satisfaction: What consumers know, feel, and do from a financial perspective. Journal of Financial Therapy, 7(2), 4.
Younas, W., Javed, T., Kalimuthu, K. R., Farooq, M., Khalil-ur-Rehman, F., & Raju, V. (2019). Impact of self-control, financial literacy, and financial behavior on financial well-being. The Journal of Social Sciences Research, 5(1), 211-218.
Lee, Y. G., & Dustin, L. (2021). Explaining Financial Satisfaction in Marriage: The Role of Financial Stress, Financial Knowledge, and Financial Behavior. Marriage & Family Review, 57(5), 397-421.
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, 49, 141-149.
Blumberg, B., Cooper, D., & Schindler, P. (2014). EBOOK: Business Research Methods. McGraw Hill.
Brüggen, E. C., Hogreve, J., Holmlund, M., Kabadayi, S., & Löfgren, M. (2017). Financial well-being: A conceptualization and research agenda. Journal of Business Research, 79, 228-237.
Dare, S. E., van Dijk, W. W., Dijk, E. V., van Dillen, L. F., Gallucci, M., & Simonse, O. (2020). The road to financial satisfaction: testing the paths of knowledge, attitudes, sense of control, and positive financial behaviors. Journal of Financial Therapy, 11(2), 1-30.
Freeman, C., Carlson, J., & Sparry, L. (1993). Aurelian Marital Therapy Strategies with the middle-income couple facing financial stress. The American Journal of Family Therapy, 324-332
Fujita, K., Trope, Y., Liberman, N., & Levin-Sagi, M. (2006). Construal levels and self-control. Journal of personality and social psychology, 90(3), 351.
Gallagher, A. G., McClure, N., McGuigan, J., Crothers, I., & Browning, J. (1999). Virtual reality training in laparoscopic surgery: a preliminary assessment of minimally invasive surgical trainer virtual reality (MIST VR). Endoscopy, 31(04), 310-313.
Gerungan, W. A. (2000). Psikologi Prososial. Bandung: PT. Refika Aditama.
Hira, T. K., & Mugenda, O. M. (1998). Predictors of financial satisfaction: Differences between retirees and non-retirees. Journal of Financial Counseling and Planning, 9(2).
Hayhoe, M. (2000). Vision using routines: A functional account of vision. Visual Cognition, 7(1-3), 43-64.
Heckman, S., Lim, H., & Montalto, C. (2014). Factors related to financial stress among college students. Journal of Financial Therapy, 5(1), 19-39. doi:10.4148/1944-9771.1063
Heckman, S., Lim, H., & Montalto, C. (2014). Factors related to financial stress among college students. Journal of Financial Therapy, 5(1).
Hoque, M. N., Istiaq, A., Clement, R. A., Sultana, M., Crandall, K. A., Siddiki, A. Z., & Hossain, M. A. (2019). Metagenomic deep sequencing reveals the association of microbiome signature with functional biases in bovine mastitis. Scientific reports, 9(1), 1-14.
Howard, G., & Howard, V. J. (2020). Twenty years of progress toward understanding the stroke belt. Stroke, 51(3), 742-750.
Jeong, W. Y., & Sherman, D. H. (2004). Risk tolerance and financial satisfaction. International journal of human ecology, 5(1), 35-43.
Joo, S. H., & Grable, J. E. (2004). An exploratory framework of the determinants of financial satisfaction. Journal of family and Economic Issues, 25(1), 25-50. doi:10.1023/B: JEEI.0000016722.37994.9f
Karasek, R. A., Theorell, T., Schwartz, J. E., Schnall, P. L., Pieper, C. F., & Michela, J. L. (1988). Job characteristics about the prevalence of myocardial infarction in the US Health Examination Survey (HES) and the Health and Nutrition Examination Survey (HANES). American journal of public health, 78(8), 910-918
Kirbiš, I. Š., Vehovec, M., & Galić, Z. (2017). Relationship between financial satisfaction and financial literacy: Exploring gender differences. Društvena istraživanja, 26(2), 165-185. doi:10.5559/di.26.2.02
Khoirunnisaa, J., & Johan, I. R. (2020). The Effects of Financial Literacy and Self-Control towards Financial Behavior among High School Students in Bogor. Journal of Consumer Sciences, 5(2), 73-86.
Leach, L. J., Hayhoe, C. R., & Turner, P. R. (1999). Factors affecting the perceived economic well-being of college students: A gender perspective. Journal of Financial Counseling and Planning, 10(2), 11.
Lind, T., Ahmed, A., Skagerlund, K., Strömbäck, C., Västfjäll, D., & Tinghög, G. (2020). Competence, confidence, and gender: The role of objective and subjective financial knowledge in Household finance. Journal of Family and Economic Issues, 41(4), 626-638.
Miotto, A. P. S., & Parente, J. (2015). Antecedents and consequences of household financial management in Brazilian lower-middle-class. Revista de Administração de Empresas, 55, 50-64
O’Connor, B., Nothern, D., Pipe, K. P., & Shtein, M. (2010). High efficiency, broadband solar cell architectures based on arrays of volumetrically distributed narrowband photovoltaic fibers. Optics express, 18(103), A432-A443
Robb, C. A., & Woodyard, A. S. (2011). Financial knowledge and best practice behavior. Journal of financial counseling and planning, 22(1), 60-70.
Sultan, A. J., Joireman, J., & Sprott, D. E. (2012). Building consumer self-control: The effect of self-control exercises on impulse buying urges. Marketing Letters, 23(1), 61-72.
Sorooshian, S., & Teck, T. S. (2014). Elements of Total Quality Management. Technology & Management, 249.
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, 30-38.
Siswanti, I., & Halida, A. M. (2020). Financial knowledge, financial attitude, and financial management behavior: Self–control as mediating. The International Journal of Accounting and Business Society, 28(1), 105-132.
Tangney, J. P., Baumeister, R. F., & Boone, A. L. (2004). High self‐control predicts good adjustment, less pathology, better grades, and interpersonal success. Journal of personality, 72(2), 271-324.
Woodyard, A. S., & Robb, C. A. (2016). Consideration of financial satisfaction: What consumers know, feel, and do from a financial perspective. Journal of Financial Therapy, 7(2), 4.
Younas, W., Javed, T., Kalimuthu, K. R., Farooq, M., Khalil-ur-Rehman, F., & Raju, V. (2019). Impact of self-control, financial literacy, and financial behavior on financial well-being. The Journal of Social Sciences Research, 5(1), 211-218.
Lee, Y. G., & Dustin, L. (2021). Explaining Financial Satisfaction in Marriage: The Role of Financial Stress, Financial Knowledge, and Financial Behavior. Marriage & Family Review, 57(5), 397-421.
Published
2024-07-29
How to Cite
JUNIANTO, Yopy; RADIANTO, Wirawan Endro Dwi.
Self-Control Factor Analysis, Financial Anxiety, and Financial Stress on Financial Satisfaction as an Indication Financial Sustainability.
Journal of Accounting, Business and Management (JABM), [S.l.], v. 31, n. 1, p. 93-104, july 2024.
ISSN 2622-2167.
Available at: <https://journal.stie-mce.ac.id/index.php/jabminternational/article/view/964>. Date accessed: 04 dec. 2024.
doi: https://doi.org/10.31966/jabminternational.v31i1.964.
Section
Articles
