THE INFLUENCE OF EMERGING ADULTHOOD STATUS AND SENSATION SEEKING ON FINANCIAL BEHAVIOR OF PETRA CHRISTIAN UNIVERSITY STUDENTS

  • Claudia Claudia Finance and Investment Program, Faculty of Business and Economics, Petra Christian University
  • Evelyn Setiawan Finance and Investment Program, Faculty of Business and Economics, Petra Christian University
Keywords: Emerging adulthood status, financial behavior, sensation seeking

Abstract

This study aims to determine the effect of emerging adulthood status and sensation seeking on students’ financial behavior. This type of research is descriptive with primary data sources. This study was conducted by distributing questionnaires to active undergraduate students at Petra Christian University. The 508 collected data were analyzed using SEM-AMOS 24. The results showed that emerging adulthood status had a significant effect on student’s financial behavior while sensation seeking didn’t have significant effect on students’ financial behavior.

References

Ackert, L., & Deaves, R. (2010). Behavioral Finance: Psychology, Decision-Making and Markets. Mason, USA: South-Western Cengage Learning.
Arnett, JJ (2000). Emerging Adulthood: A Theory of Development from the Late Teens Through the Twenties. American Psychologist, 55, 469-480.
Arnett, JJ (1998). Learning to Stand Alone: The Contemporary American Transition to Adulthood in Cultural and Historical Context. Human Development, 41, 295-315.
Bearden, & Haws, N. (2012). Handbook of Marketing Scales: Multi-Item Measures or Marketing and Customer Behavior Research (3th ed.). California: SAGE.
Greene, AL, Wheatley, SM, & Aldava, JF (1992). Stages on Life's Way: Adolescents' Implicit Theories of the Life Course. Journal of Adolescent Research, 7, 364-381.
Kuncoro, M. (2003). Research Methods for Business & Economics. Jakarta: Erlangga.
Kurniawan. J. Y., Malelak, M. I., & Astuti, D. (2020). Pengaruh attitude, subjective norm, past behavior, dan perceived control terhadap budgeting intention mahasiswa di Surabaya. International Journal of Financial and Investment Studies (IJFIS), 1(1), 21-29. https://doi.org/10.9744/ijfis.1.1.21-29
Olshavsky, RW, & Granbois, DH (1979). Consumer Decision Making: Fact or Fiction? The Journal of Consumer Research, 6 (2), 93-100.
Reifman, A., Arnett, JJ, & Colwell, MJ (2007). Emerging Adulthood: Theory, Assessment, and Application. Journal of Youth Development, 2 (1).
Ristekdikti. (2017). List of 100 Non-Polytechnic Higher Education Rankings in Indonesia in 2017. Retrieved from Ristekdikti: http://kelembentuk.ristekdikti.go.id/index.php/2017/08/18/daftar-100-perlai-perguruan-tinggi-non-politeknik-tahun-2017
Sabri, ea (2008). Financial Behavior and Problems among College Students in Malaysia: Research and Education Implication. Consumer Interests Annual, 54, 166-170.
Shim, S., Serido, J., Tang, C., & Card, N. (2015). Socialization Processes and Pathways to Healthy Financial Development for Emerging Young Adults. Journal of Applied Developmental Psychology, 38, 29-38.
Sinha, G., Tan, K., & Zhan, M. (2018). Patterns of Financial Attributes and Behaviors of Emerging Adults in the United States. Children and Youth Service Review, 93, 178-185.
Siswoyo, D. (2007). Science Education. Yogyakarta: UNY Press.
Supriyanto. (2009). Business Research Methods. Jakarta: PT Index.
Worthy, SL, Jonkman, J., & Blinn-Pike, L. (2010). Sensation-Seeking, Risk-Taking, and Problematic Financial Behaviors of College Students. Journal of Family and Economic Issues, 31 (2), 161-170.
Wahono, H. K., & Pertiwi, D. (2020). pengaruh financial literacy, materialism, compulsive buying terhadap propensity to indebtedness. International Journal of Financial and Investment Studies (IJFIS), 1(1), 1-14. https://doi.org/10.9744/ijfis.1.1.1-14
Xiao, J., Tang, C., & Shim, S. (2009). Acting for Happiness: Financial Behavior and Life Satisfaction of College Students. Social Indicators Research (92), 53-58.
Yusuf, S. (2012). Developmental Psychology of Children and Adolescents. Bandung: Youth Rosdakarya.
Zuckerman, M. (2007). Sensation Seeking and Risky Behavior. Washington DC, US: American Psychological Association.
Zuckerman, M. (1979). Sensation-Seeking: Beyond the Optimal Level of Arousal. Hillsdale: Lawrence Erlbaum.
Zuckerman, M., & Kuhlman, DM (2000). Personality and risk-taking: Common biosocial factors. Journal of Personality, 68, 999-1029.
Published
2021-06-07
How to Cite
Claudia, C., & Setiawan, E. (2021). THE INFLUENCE OF EMERGING ADULTHOOD STATUS AND SENSATION SEEKING ON FINANCIAL BEHAVIOR OF PETRA CHRISTIAN UNIVERSITY STUDENTS. International Journal of Financial and Investment Studies (IJFIS), 1(2), 94-100. https://doi.org/10.9744/ijfis.1.2.94-100
Section
Articles

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.