The Effect of Financial Literacy, and Financial Technology on Financial Behavior with Peers as a Moderation Variable in Generation Z Student of the Accounting Study Program, University of Muhammadiyah Sidoarjo
Pengaruh Literasi Keuangan, dan Financial Technology terhadap Perilaku Keuangan dengan Teman Sebaya sebagai Variabel Moderasi pada Mahasiswa Generasi Z Prodi Akuntansi Universitas Muhammadiyah Sidoarjo
DOI:
https://doi.org/10.21070/ups.11550Keywords:
Financial literacy, Financial Technology, Financial Behavior, Generation Z StudentsAbstract
—This study analyzes the influence of Financial Literacy and Financial Technology on Financial Behavior, with Peers as a moderating variable among Generation Z Accounting students at the University of Muhammadiyah Sidoarjo. A quantitative causal-associative approach was used with 155 respondents selected from 642 active students (2022–2025) using the Slovin formula and simple random sampling. Data were analyzed using Partial Least Squares–Structural Equation Modeling (PLS-SEM) with SmartPLS 3.0. The results indicate that Financial Literacy and Financial Technology have a positive and significant effect on Financial Behavior. Peers significantly weaken the relationship between Financial Literacy and Financial Behavior but strengthen the relationship between Financial Technology and Financial Behavior. The R-square value of 0.815 shows that the independent variables explain 81.5% of the variance in students’ Financial Behavior. These findings provide useful insights for students, universities, and financial technology providers in promoting wiser and more sustainable financial behavior.
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