The Influence Of Financial Literacy On Financial Inclusion: Social Capital As Mediating Variable

Goenadi, Gracia F. and Murhadi, Werner Ria and Ernawati, Endang (2022) The Influence Of Financial Literacy On Financial Inclusion: Social Capital As Mediating Variable. Media Ekonomi dan Manajemen, 37 (2). pp. 195-209. ISSN 0854-1442 (Print); 2503-4464 (Online)

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Abstract

This study aims to examine how financial literacy affects financial inclusion through social capital mediation. This study uses 150 respondents who have experience, in the investment field in the Indonesian capital market. The independent variable in this study is financial literacy, using four dimensions: skill, behavior, knowledge, and attitude. The mediating variable is social capital using four dimensions (i.e., trust, bonding & bridging, and collective action). At the same time, the dependent variable in this study is financial inclusion, which has four dimensions (i.e., access, quality, usage, and welfare). The result of this research is that social capital has a significant positive effect on financial literacy and financial inclusion, but in this study, social capital has a partial mediating effect. The higher a person's financial literacy, the higher the social capital that person has. The higher a person's financial literacy, the higher the financial inclusion that person has. Our study result states that the higher a person’s financial literacy, the higher the person’s social capital. Besides, the higher a person’s financial literacy, the higher the financial inclusion.

Item Type:	Article
Uncontrolled Keywords:	Behavioral Finance; Financial Literacy; Financial Inclusions; Social Capital
Subjects:	H Social Sciences > HG Finance
Divisions:	Faculty of Business and Economic > Department of Management
Depositing User:	Werner R. Murhadi 31124
Date Deposited:	07 Jul 2022 02:51
Last Modified:	08 Jul 2022 01:45
URI:	http://repository.ubaya.ac.id/id/eprint/42076

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