DETERMINANTS OF PAYLATER USERS’ FINANCIAL MANAGEMENT BEHAVIOR: THE MEDIATING ROLE OF FINANCIAL SELF-EFFICACY

Authors

  • Adevia Sekar Iqmaya Universitas Panca Bhakti, Indonesia
  • Renny Wulandari Universitas Panca Bhakti, Indonesia
  • Risal Universitas Panca Bhakti, Indonesia

DOI:

https://doi.org/10.24252/assets.v16i1.66729

Keywords:

Accounting Literacy, Financial Literacy, Financial Management Be-havior, Financial Self-Efficacy, Locus of Control

Abstract

Purpose – This study examines the effects of financial literacy, accounting literacy, and locus of control on financial management behavior among PayLater users, with financial self-efficacy as a mediating variable.

Methods – A quantitative approach was employed using online questionnaire data from 130 active PayLater users in Indonesia via purposive sampling, analyzed through SEM-PLS in SmartPLS 4.

Findings – Financial literacy (β = 0.348, p < 0.001) and locus of control (β = 0.196, p = 0.047) significantly influence financial management behavior, whereas accounting literacy does not (p = 0.734). Financial self-efficacy mediated only the locus of control–financial management behavior relationship (p = 0.045), not those involving financial literacy or accounting literacy. The model explains 51.7% of variance in financial management behavior.

Research Implications – PayLater providers and regulators should prioritize practical financial literacy programs and features reinforcing users’ perceived control over credit obligations rather than formal accounting competencies.

Originality – This study integrates financial literacy, accounting literacy, locus of control, and financial self-efficacy in a single model focused on PayLater users in the Indonesian digital credit context.

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Published

2026-06-28

How to Cite

Iqmaya, A. S., Wulandari, R., & Risal. (2026). DETERMINANTS OF PAYLATER USERS’ FINANCIAL MANAGEMENT BEHAVIOR: THE MEDIATING ROLE OF FINANCIAL SELF-EFFICACY. Assets : Jurnal Ekonomi, Manajemen Dan Akuntansi, 16(1), 78–96. https://doi.org/10.24252/assets.v16i1.66729

Issue

Vol. 16 No. 1 (2026): Assets : Jurnal Ekonomi, Manajemen dan Akuntansi

Section

Volume 16 Nomor 1, Juni 2026

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Copyright (c) 2026 Adevia Sekar Iqmaya, Renny Wulandari, Risal

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