| dc.description.abstract | This study aims to examine the effects of Current Money Management
Stress (CMMS), Expected Future Financial Security (EFFS), and Digital
Knowledge (DK) on Financial Stress (FS) and Financial Behavior (FB), as well as
to test the mediating role of FS and the moderating role of DK within the proposed
research model. This research adopts a quantitative approach using survey data
collected from respondents in Indonesia and analyzes the data using Partial Least
Squares Structural Equation Modeling (PLS-SEM).
The findings indicate that CMMS is the most dominant factor in increasing
FS, suggesting that short-term financial management pressure significantly raises
individuals’ levels of financial stress. EFFS has a negative effect on FS, although
its influence is relatively weaker compared to short-term financial pressure. DK
does not have a significant effect on FS. In the context of Financial Behavior,
CMMS negatively affects FB, while EFFS and DK has positive and significant
effects. Interestingly, FS has a positive and significant effect on FB, indicating that
under certain conditions, financial stress may encourage individuals to demonstrate
more active or controlled financial behavior.
Furthermore, FS partially mediates the relationship between CMMS and
FB, but does not mediate the relationship between EFFS and FB. The moderating
role of DK in the relationship between FS and FB is not supported. Overall, the
results highlight the dominant role of short-term financial pressure in shaping
Financial Stress and Financial Behavior, while cognitive factors and future-oriented
perceptions function as supporting elements in financial decision-making. | en_US |
