Issue

Vol. 12 No. 1 (2025): June

Date Log

Submitted
22 November 2024
Accepted
21 December 2025
Published
30 June 2025

Copyright (c) 2025 Andi Yuniarti, Prayudhi Fadhillah (Author)

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This work is licensed under a Creative Commons Attribution 4.0 International License.

Psychosocial Determinants of Financial Conduct: A Structural Mediation Analysis of Self-Esteem, Parental Authority, and Materialism

https://doi.org/10.24252/minds.v12i1.52657
Andi Yuniarti
Institut Ilmu Hukum dan Ekonomi Lamaddukelleng, Indonesia
Prayudhi Fadhillah
Institut Ilmu Hukum dan Ekonomi Lamaddukelleng, Indonesia

Corresponding Author(s) : Andi Yuniarti

[email protected]

Jurnal Minds: Manajemen Ide dan Inspirasi, Vol. 12 No. 1 (2025): June

Abstract

This study examines how self-esteem and parental authority shape students’ financial behavior through materialistic attitudes among undergraduates at state universities in Makassar. We advance a novel mechanism by showing that psychological self-evaluation and parental control influence financial behavior primarily through the formation of materialistic preferences, rather than through direct behavioral channels. Using primary data from 200 respondents collected via online and printed questionnaires, we employ structural equation modeling (PLS-SEM) to test both direct and indirect relationships. The results indicate that self-esteem and parental authority significantly increase materialistic attitudes, while materialism exerts a negative effect on financial behavior. Direct effects of self-esteem and parental authority on financial behavior are insignificant, but both variables exert significant negative indirect effects through materialistic attitudes. These findings suggest that interventions aimed at improving student financial behavior should address underlying materialistic orientations shaped by family and psychological factors, rather than solely on financial skills or knowledge.

Keywords

Self Esteem Parental Authority Financial Behavior Materialistic Attitudes
Yuniarti, A., & Fadhillah, P. (2025). Psychosocial Determinants of Financial Conduct: A Structural Mediation Analysis of Self-Esteem, Parental Authority, and Materialism. Jurnal Minds: Manajemen Ide Dan Inspirasi, 12(1), 443–452. https://doi.org/10.24252/minds.v12i1.52657
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Author Biographies

Andi Yuniarti, Institut Ilmu Hukum dan Ekonomi Lamaddukelleng

Management Department

Prayudhi Fadhillah, Institut Ilmu Hukum dan Ekonomi Lamaddukelleng

Management Department

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