Multigeneration Perspective on Financial Literacy in Indonesia: A Conceptual Model

Annisa Ika Kurnia; Romadhani Ardi

doi:10.1145/3468013.3468328

Multigeneration Perspective on Financial Literacy in Indonesia: A Conceptual Model

Annisa Ika Kurnia
, Romadhani Ardi

Department of Industrial Engineering

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › peer-review

Abstract

Indonesia's economic growth is increasing along with financial literacy index and number of financial crimes such as fraud and abuse of authority in financial management. Investment as one of the components of financial management leads to another interesting fact, namely, demographic shifting of investors recorded by capital market trading institutions in Indonesia with more than 40% of single investors coming from the millennial generation with range of age 21-30 years. This is an indication of a shift in perception of intergenerational financial management, so it is necessary to do deeper research based on this phenomenon with relevant model. Theory of planned behavior that focuses on individual motivation and abilities and socialization theory that explains the process of acquiring skills, knowledge, and attitudes that are relevant to consumers, can explain the perceptions of intergenerational views in financial literacy. Generation X and Y have different stereotype and motivation, it leads to certain behavior of financial intention. This study aims to provide a conceptual model to understand behavioral intention of Gen X and Gen Y towards financial literacy.

Original language	English
Title of host publication	Proceedings of the 4th Asia Pacific Conference on Research in Industrial and Systems Engineering
Subtitle of host publication	Building Business Resilience to Face the Challenge in Pandemic Era, APCORISE 2021
Publisher	Association for Computing Machinery
Pages	174-180
Number of pages	7
ISBN (Electronic)	9781450390385
DOIs	https://doi.org/10.1145/3468013.3468328
Publication status	Published - 25 May 2021
Event	4th Asia Pacific Conference on Research in Industrial and Systems Engineering: Building Business Resilience to Face the Challenge in Pandemic Era, APCORISE 2021 - Depok, Indonesia Duration: 25 May 2021 → …

Publication series

Name	ACM International Conference Proceeding Series

Conference

Conference	4th Asia Pacific Conference on Research in Industrial and Systems Engineering: Building Business Resilience to Face the Challenge in Pandemic Era, APCORISE 2021
Country/Territory	Indonesia
City	Depok
Period	25/05/21 → …

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 8 Decent Work and Economic Growth
SDG 10 Reduced Inequalities

Keywords

Conceptual Modeling
Financial literacy
Multigeneration
Theory of Consumer Socialization
Theory of Planned Behavior

Access to Document

10.1145/3468013.3468328

Cite this

Kurnia, A. I., & Ardi, R. (2021). Multigeneration Perspective on Financial Literacy in Indonesia: A Conceptual Model. In Proceedings of the 4th Asia Pacific Conference on Research in Industrial and Systems Engineering: Building Business Resilience to Face the Challenge in Pandemic Era, APCORISE 2021 (pp. 174-180). (ACM International Conference Proceeding Series). Association for Computing Machinery. https://doi.org/10.1145/3468013.3468328

Kurnia, Annisa Ika ; Ardi, Romadhani. / Multigeneration Perspective on Financial Literacy in Indonesia : A Conceptual Model. Proceedings of the 4th Asia Pacific Conference on Research in Industrial and Systems Engineering: Building Business Resilience to Face the Challenge in Pandemic Era, APCORISE 2021. Association for Computing Machinery, 2021. pp. 174-180 (ACM International Conference Proceeding Series).

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title = "Multigeneration Perspective on Financial Literacy in Indonesia: A Conceptual Model",

abstract = "Indonesia's economic growth is increasing along with financial literacy index and number of financial crimes such as fraud and abuse of authority in financial management. Investment as one of the components of financial management leads to another interesting fact, namely, demographic shifting of investors recorded by capital market trading institutions in Indonesia with more than 40\% of single investors coming from the millennial generation with range of age 21-30 years. This is an indication of a shift in perception of intergenerational financial management, so it is necessary to do deeper research based on this phenomenon with relevant model. Theory of planned behavior that focuses on individual motivation and abilities and socialization theory that explains the process of acquiring skills, knowledge, and attitudes that are relevant to consumers, can explain the perceptions of intergenerational views in financial literacy. Generation X and Y have different stereotype and motivation, it leads to certain behavior of financial intention. This study aims to provide a conceptual model to understand behavioral intention of Gen X and Gen Y towards financial literacy.",

keywords = "Conceptual Modeling, Financial literacy, Multigeneration, Theory of Consumer Socialization, Theory of Planned Behavior",

author = "Kurnia, \{Annisa Ika\} and Romadhani Ardi",

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year = "2021",

month = may,

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doi = "10.1145/3468013.3468328",

language = "English",

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Kurnia, AI & Ardi, R 2021, Multigeneration Perspective on Financial Literacy in Indonesia: A Conceptual Model. in Proceedings of the 4th Asia Pacific Conference on Research in Industrial and Systems Engineering: Building Business Resilience to Face the Challenge in Pandemic Era, APCORISE 2021. ACM International Conference Proceeding Series, Association for Computing Machinery, pp. 174-180, 4th Asia Pacific Conference on Research in Industrial and Systems Engineering: Building Business Resilience to Face the Challenge in Pandemic Era, APCORISE 2021, Depok, Indonesia, 25/05/21. https://doi.org/10.1145/3468013.3468328

Multigeneration Perspective on Financial Literacy in Indonesia: A Conceptual Model. / Kurnia, Annisa Ika; Ardi, Romadhani.
Proceedings of the 4th Asia Pacific Conference on Research in Industrial and Systems Engineering: Building Business Resilience to Face the Challenge in Pandemic Era, APCORISE 2021. Association for Computing Machinery, 2021. p. 174-180 (ACM International Conference Proceeding Series).

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › peer-review

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AU - Kurnia, Annisa Ika

AU - Ardi, Romadhani

PY - 2021/5/25

Y1 - 2021/5/25

N2 - Indonesia's economic growth is increasing along with financial literacy index and number of financial crimes such as fraud and abuse of authority in financial management. Investment as one of the components of financial management leads to another interesting fact, namely, demographic shifting of investors recorded by capital market trading institutions in Indonesia with more than 40% of single investors coming from the millennial generation with range of age 21-30 years. This is an indication of a shift in perception of intergenerational financial management, so it is necessary to do deeper research based on this phenomenon with relevant model. Theory of planned behavior that focuses on individual motivation and abilities and socialization theory that explains the process of acquiring skills, knowledge, and attitudes that are relevant to consumers, can explain the perceptions of intergenerational views in financial literacy. Generation X and Y have different stereotype and motivation, it leads to certain behavior of financial intention. This study aims to provide a conceptual model to understand behavioral intention of Gen X and Gen Y towards financial literacy.

AB - Indonesia's economic growth is increasing along with financial literacy index and number of financial crimes such as fraud and abuse of authority in financial management. Investment as one of the components of financial management leads to another interesting fact, namely, demographic shifting of investors recorded by capital market trading institutions in Indonesia with more than 40% of single investors coming from the millennial generation with range of age 21-30 years. This is an indication of a shift in perception of intergenerational financial management, so it is necessary to do deeper research based on this phenomenon with relevant model. Theory of planned behavior that focuses on individual motivation and abilities and socialization theory that explains the process of acquiring skills, knowledge, and attitudes that are relevant to consumers, can explain the perceptions of intergenerational views in financial literacy. Generation X and Y have different stereotype and motivation, it leads to certain behavior of financial intention. This study aims to provide a conceptual model to understand behavioral intention of Gen X and Gen Y towards financial literacy.

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KW - Financial literacy

KW - Multigeneration

KW - Theory of Consumer Socialization

KW - Theory of Planned Behavior

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Kurnia AI, Ardi R. Multigeneration Perspective on Financial Literacy in Indonesia: A Conceptual Model. In Proceedings of the 4th Asia Pacific Conference on Research in Industrial and Systems Engineering: Building Business Resilience to Face the Challenge in Pandemic Era, APCORISE 2021. Association for Computing Machinery. 2021. p. 174-180. (ACM International Conference Proceeding Series). doi: 10.1145/3468013.3468328

Multigeneration Perspective on Financial Literacy in Indonesia: A Conceptual Model

Abstract

Publication series

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UN SDGs

Keywords

Access to Document

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