The Effect of Financial Literacy, Hedonistic Lifestyle, and Personal Financial Attitudes on Students' Online Loan Decisions
DOI:
https://doi.org/10.66755/belacoss.v2i1.178Keywords:
Financial Literacy, Hedonistic Lifestyle, Personal Financial Attitudes, Students' Online Loan DecisionsAbstract
This study aims to determine the effect of financial literacy, hedonistic lifestyle, and personal financial attitudes on students' online loan decisions. The research subjects are students of the Bogor Agricultural University. Data collection techniques include an online questionnaire in the form of a Google form and a literature study with the criteria of active students, with a sample size of 150 students. Data analysis in this study employed an alternative method, Structural Equation Modeling (SEM) version 3.0. The first stage of this study involved testing the validity and reliability of each variable question. The second stage tested the relationship between financial literacy, hedonistic lifestyle, and personal financial attitudes towards students’ online loan decisions. The study's results demonstrate that financial literacy and a hedonistic lifestyle have a positive and significant impact on students’ online loan decisions, whereas personal financial attitudes do not significantly influence students’ online loan decisions.
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