Financial Knowledge as Youth Preneur Success Factor

  • Achmad Kautsar Universitas Negeri Surabaya, Indonesia
  • Nadia Asandimitra Universitas Negeri Surabaya, Indonesia
Keywords: Financial knowledge, financial literacy, financial attitude, and young entrepreneurial success.


Indonesia currently has developed entrepreneurship both conceptually and practically and has developed very rapidly. Knowledge that must be possessed by an entrepreneur is financial knowledge. Adequate financial knowledge is needed to provide entrepreneurial skills to make sound financial decisions. Other variables of financial behavior that are important to be measured along with financial knowledge on the success of young entrepreneurial business are the level of financial behavior and financial literacy. This research was designed as explanatory research to explain the subject of the influence of financial knowledge, financial literacy, and financial attitude towards young entrepreneurial success. The research was conducted in the city of Surabaya. The population of this study is young entrepreneurs who have micro businesses. The sampling technique is done in a way cluster sampling. The analytical method used in this study is to use multiple linear regressions with validity test, reliability test, classic assumption test, and hypothesis testing.


Download data is not yet available.


Ajzen, I. (1991). The theory of planned behavior. Organizational. Organizational Behavior and Human Decision Processes, 50(2), 179–211.
Amanah, E., Iradianty, A. & Rahardian, D. (2016). Pengaruh Financial Knowledge , Financial Attitude Dan External Locus of Control Terhadap Personal Financial Management Behavior Pada Mahasiswa S1 Universitas Telkom the Influence of Financial Knowledge, Financial Attitude and External Locus of Control on. E-Proceeding of Management, 3(2), 1228–1235.
Aminatuzzahra. (2014). Persepsi Pengaruh Pengetahuan Keuangan, Sikap Keuangan, Sosial Demografi Terhadap Perilaku Keuanagn dalam Pengambilan Keputusan Investasi Individu (Studi Kasus Pada Mahasiswa Magister Manajemen Universitas Diponegoro). Jurnal Bisnis Strategi, 23(2), 70–96.
ASIC. (2003). Financial literacy in schools: ASIC discussion paper.
Bhushan, P. & Medury, Y. (2013). Financial Literacy and its Determinants. International Journal of Engineering, Business and Enterprise Applications(IJEBEA), 4(2), 155–160.
Chen, H. & Volpe, R. (1998). An Analysis of Personal Financial Literacy Among College Students. Financial Services Review, 7(2), 107–128.
Dwiastanti, A. (2015). Financial Literacy as the Foundation for Individual Financial Behavior. Journal of Education and Practice, 6(33), 99–105.
Furnham, A. (1984). Value Systems and Anomie in Three Cultures. International Journal of Psychology, 19(1–4), 565–579.
Ghozali, I. (2006). Aplikasi analisis multivariate dengan program SPSS. Semarang: Universitas Diponegoro.
Glaser, M. & Walther, T. (2012). Run, Walk, or Buy? Financial Literacy, Dual-Process Theory, and Investment Behavior. Ssrn.
Hanna, S. R. & Chang, J. C. (1992). Hazard Response Modeling Uncertainty (A Quantitative Method), Volume II Evaluation of Commonly Used Hazardous Gas Dispersion Models (American Petroleum Institute, Washington). Publication API . Number 4547
Herdjiono, I. & Damanik, L. A. (2016). Pengaruh Financial Attitude, Financial Knowledge, Parental Income Terhadap Financial Management. Jurnal Manajemen Teori Dan Terapan Universitas Musamus, 9(3), 226–241.
Hilgert, M. A., Hogarth, J. M. & Beverly, S. G. (2003). Household financial man agement: The connection between knowledge and behavior. Federal Reserve Bulletin, 89(309–322), 2003.
Kennedy, E. (2013). Literacy Policy in Ireland. European Journal of Education, 48(4), 511–527.
Kholilah, N. & Iramani, R. (2013). Study of Financial Management Behavior in Surabaya Society. Journal of Business and Banking, 3(1), 69–80.
Lusardi, A., Mitchell, O. S. & Curto, V. (2010). Financial literacy among the young. The Journal of Consumer Affairs, 44(2), 358–380.
Mandell, L. & Klein, L. S. (2007). Motivation and financial literacy. Financial Review Services, 16, 105–116.
Orton, L. (2007). Financial Literacy : Lessons from International Experience. Canadian Policy Research Networks Inc., (September), 1–54.
Oseifuah, E. K. (2010). Financial literacy and youth entrepreurship in South Africa. African Journal of Economic and Management Studies, 1(2), 164–182.
Perry, V. G. & Morris, aM. D. (2005). Who is in control? The role of self-perception, knowledge, and income in explaining consumer financial behavior. The Journal of Consumer Affairs, 39(2), 299-313.
Rajna, A., Sharifah Ezat, W., Al Junid, S. & Moshiri, H. (2011). Attitude Management and Practice among the Medical Practitioners in Public and Private Medical Services in Malaysia. International Journal of Business and Management, 6(8).
Remund, D. L. (2010). Financial Literacy Explicated: The Case for a Clearer Definition in an Increasingly Complex Economy. Journal of Consumer Affairs, 44(2), 276–295.
Robb, C. A. & Woodyard, A. S. (2011). Financial Knowledge and Best Practice Behavior. Journal of Financial Counseling and Planning, 22(1), 60–70.
Van Rooij, M., Kool, C. & Prast, H. (2007). Risk- return preferences in the retirement domain: Are people able to choose? Journal of Public Economics, 91, 701–722.
Research Paper