EFFECT OF FINANCIAL LITERACY AND FINANCIAL BEHAVIOR OF FINANCIAL SATISFACTION AT PROFESSIONAL BASKETBALL ATHLETES INDONESIA

  • Margerita Wenny Jessica Finance and Investment Program, Faculty of Business and Economics, Petra Christian University
  • Njo Anastasia Finance and Investment Program, Faculty of Business and Economics, Petra Christian University
  • Dewi Pertiwi Finance and Investment Program, Faculty of Business and Economics, Petra Christian University
DOI: https://doi.org/10.9744/ijfis.2.2.92-99
Keywords: Financial Behavior, Financial Literacy, Financial Satisfaction

Abstract

This study aims to determine the effect of financial literacy and financial Behavior on Indonesian professional basketball athletes. The population in this study is Indonesian professional basketball athletes who are the members of the Indonesian Basketball League (IBL) 2021. The sample in this study is Indonesian professional basketball athletes who have credit cards and investments. Sources of data in this study through the distribution of questionnaires. The data analysis method uses analysis Partial Least Square (PLS). This analysis shows that financial literacy and financial behavior have a significant effect on financial satisfaction.

References

Ackert, L.F., & Deaves, R. (2010). Behavioral Finance: Psychology, Decision-Making, and Markets. Mason, Ohio, US: South-Western Cengage Learning.

Ali, A., Rahman, M.S., & Bakar, A. (2014, February 16). Financial Satisfaction and the Influence of Financial Literacy in Malaysia. Social Indicators Research, 120(1), 137-156.

Arifin, A.Z. (2018). Influence Factors toward Financial Satisfaction with Financial Behavior as An Intervening Variable on the Jakarta Workforce Area. European Research Studies Journal, XXI(1), 90-103.

Chen, H., & Volpe, R. (1998). An Analysis of Personal Literacy among College Students. Financial Services Review (7), 2:107.

CNN Indonesia. (2020, February 17). Michael Jordan, A More Successful Athlete in Retirement. Retrieved from CNN Indonesia: https://www.cnnindonesia.com/olahraga/20200216153415-178-475104/michael-jordan-atlet-yang-Dari-hasil-di-masa-pensiun

The House of Representatives of the Republic of Indonesia. (nd). Law of the Republic of Indonesia. Retrieved from dpr.go.id: https://www.dpr.go.id/dokjdih/document/uu/45.pdf

Falahati, L., Sabri, M.F., & Paim, L.H. (2012). Assessment a Model of Financial Satisfaction Predictors: Examining the Mediate Effect of Financial Behavior and Financial Strain. World Applied Sciences Journal, 190-197.

Farida, M.N., Soesatyo, Y., & Aji, T.S. (2020). Influence of Financial Literacy and Use of Financial Technology on Financial Satisfaction through Financial Behavior. International Journal of Education & Literacy Studies, 9(1), 86-95.

Hasibuan, B.K., H.R., W.A., & Lubis, Y.M. (2018, January). Financial Literacy and Financial Behavior as a Measure of Financial Satisfaction. Advances in Economics, Business and Management Research (AEBMR), 46, 503-506.

Hira, T.K., & Mugenda, O.M. (1998, January). Predictors of Financial Satisfaction: Differences Between Retirees And Non-retirees. Journal of Financial Counseling and Planning, 9(2), 75-84.

Joo, S.-h., & Grable, JE (2004). An Exploratory Framework of the Determinants of Financial satisfaction. Journal of Family and Economic Issues 25, 25-50.

KBBI. (nd). Professional. Retrieved from Big Indonesian Dictionary (KBBI): https://kbbi.web.id/profesional

Krishna, A., Sari, M., & Rofaida, R. (2010). Analysis of Financial Literacy Levels Among Students and Factors Influencing It (Survey of Indonesian Education University Students). Proceedings of The 4th International Conference on Teacher Education, 552-560.

Nusaputra, F., & Basana, S. R. (2021). The Effect of Agency Costs, Ownership Structure, Signaling, Investment Opportunities, Size, Financial Leverage, and Profitability on Dividend Policy of Companies Listed In Indonesian Stock Exchange. International Journal of Financial and Investment Studies, 1(2), 109-120. https://doi.org/10.9744/ijfis.1.2.109-120

Pervasive. (nd). Indonesian Basketball League (IBL). Retrieved from perbasi: https://perbasi.or.id/indonesian-basketball-league-ibl/

Rizon, R., Anastasia, N., & Evelyn. (2021). The Influence of Demography, Social Media, Risk Attitude, and Overconfidence on the Financial Literacy of Users Social Media in Surabaya. International Journal of Financial and Investment Studies (IJFIS), 2(1), 10-19. https://doi.org/10.9744/ijfis.2.1.10-19

Rosyidan. (2016, September 17). Guaranteeing the Future of Athletes (Darius Miles, Newest Ex-NBA Player to Bankrupt). Retrieved from MAINBASKET: https://www.mainbasket.com/r/89/menjamin-masa-dalam-atlet-darius-miles-eks-player-nba-terbaru-yang-bangkrut

Saputra, J., Astuti, D., & Pertiwi, D. (2021). Effect of Financial Literacy, Risk Attitude and Saving Motives to Disposition Bias on Mutual Funds Investors. International Journal of Financial and Investment Studies, 2(1), 27-33. https://doi.org/10.9744/ijfis.2.1.27-33

Sugiyono. (2019). Quantitative Research Methodology. (Setiyawami, Ed.) Bandung: Alfabeta.

Trisnaningsih, S., & Widyasari, F. (2010, January). Family Financial Management and Planning for Housewives in the Siwalankerto Region, Surabaya. Journal of Accounting Strategy, 2.

Wahono, H. K., & Pertiwi, D. (2020). Pengaruh Financial Literacy, Materialism, Compulsive Buying terhadap Propensity to Indebtedness. International Journal of Financial and Investment Studies, 1(1), 1-14. https://doi.org/10.9744/ijfis.1.1.1-14

Van-Praag, B.M., & Ferrer-i-Carbonell, A. (2011). Happiness Economics: A New Road to Measuring and Comparing Happiness. The Attitude of Mainstream Economics Toward Happiness, 6(1), 1-97.

Xiao, JJ (2008). Applying Behavior Theories to Financial Behavior. In JJ Xiao, Handbook of Consumer Finance Research (pp. 69-79). Kingston, RI, US: Springer Science+Business Media, LLC.

Yuwanto, L., & Sutanto, N. (2012). Psychological Description of Adolescent Athletes Based on EPPS Structure Analysis. 3Mindset, 115-122.

Published
2022-02-24
How to Cite
Jessica, M. W., Anastasia, N., & Pertiwi, D. (2022). EFFECT OF FINANCIAL LITERACY AND FINANCIAL BEHAVIOR OF FINANCIAL SATISFACTION AT PROFESSIONAL BASKETBALL ATHLETES INDONESIA. International Journal of Financial and Investment Studies (IJFIS), 2(2), 92-99. https://doi.org/10.9744/ijfis.2.2.92-99
Issue
Vol 2 No 2 (2021): OCTOBER 2021
Section
Articles

Authors who publish in this journal agree to the following terms:

  1. Authors retain unrestricted copyright and full publishing rights. The authors grant the Publisher the right of first publication, with the work simultaneously licensed under the terms and conditions of the Creative Commons Attribution 4.0 International License.
  2. Authors can enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgment of its initial publication in this journal.
  3. Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) before and during the submission process, as it can lead to productive exchanges and earlier and more extraordinary citations of published work.

Most read articles by the same author(s)

Obs.: This plugin requires at least one statistics/report plugin to be enabled. If your statistics plugins provide more than one metric then please also select a main metric on the admin's site settings page and/or on the journal manager's settings pages.