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The Effect of Financial Literacy and Financial Socialization on Financial Management Behavior of Investors in Greater Bekasi

  • Muhamad Syahwildan1*
  • Nugraha2
  • Nono Supriatna3
  • Toni Heryana4
1,2,3,4 Indonesia University of Education image/svg+xml
* Corresponding Author: Muhamad Syahwildan

Abstract

Financial intelligence refers to an individual's ability to effectively manage and utilize financial resources, which is considered an important indicator of success in personal financial management. Proper financial management enables individuals to maximize the value of their financial resources and protect themselves from potential financial difficulties. This study aims to examine the effects of financial literacy and financial socialization on the financial management behavior of investors in the Greater Bekasi area following the COVID-19 pandemic. A quantitative research approach was employed, with data collected through questionnaires distributed to 100 investors residing in the Greater Bekasi area. The data were analyzed using the Partial Least Squares Structural Equation Modeling (PLS-SEM) approach with SmartPLS software. The analysis involved the assessment of the measurement model (outer model) and the structural model (inner model) to evaluate the validity, reliability, and hypothesized relationships among variables. The results indicate that financial literacy has a positive and significant effect on financial management behavior (p-value = 0.000), suggesting that higher levels of financial knowledge contribute to better financial decision-making and management practices. Financial socialization also demonstrates a positive influence on financial management behavior; however, the effect is not statistically significant at the 5% significance level (p-value = 0.093). These findings highlight the important role of financial literacy in shaping investors’ financial management behavior in the post-pandemic period.

Keywords

Investor Behavior Financial Management Financial Literacy Financial Socialization Post-Pandemic Recovery

How to Cite

Citation Format
Syahwildan, M., Nugraha, N., Supriatna, N., & Heryana, T. (2026). The Effect of Financial Literacy and Financial Socialization on Financial Management Behavior of Investors in Greater Bekasi. International Journal of Management Science and Information Technology, 6(1), 1005-1013. https://doi.org/10.35870/ijmsit.v6i1.7216

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Author Biographies

Muhamad Syahwildan, Indonesia University of Education

Management Study Program, Faculty of Economics and Business Education, Universitas Pendidikan Indonesia, Bandung City, West Java Province, Indonesia

Nugraha, Indonesia University of Education

Management Study Program, Faculty of Economics and Business Education, Universitas Pendidikan Indonesia, Bandung City, West Java Province, Indonesia

Nono Supriatna, Indonesia University of Education

Management Study Program, Faculty of Economics and Business Education, Universitas Pendidikan Indonesia, Bandung City, West Java Province, Indonesia

Toni Heryana, Indonesia University of Education

Management Study Program, Faculty of Economics and Business Education, Universitas Pendidikan Indonesia, Bandung City, West Java Province, Indonesia

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Copyright (c) 2026 Muhamad Syahwildan, Nugraha, Nono Supriatna, Toni Heryana

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