The Mediating Role of Behavioral Intentions in the Relationship between Spiritual Intelligence, Financial Literacy, and Financial Management among Master of Management Students at USTEDI

Abstract

This study aims to determine the role of behavioral intentions in mediating the influence of spiritual intelligence and financial literacy on financial management of USTEDI Master of Management students.

This study uses a quantitative method, namely a number-based approach and statistical analysis to test the hypothesis. Data were collected through questionnaires and analyzed to determine the effect of spiritual intelligence and financial literacy on financial management, with behavioral intention as a mediating variable. The study population was 200 Master of Management students at USTEDI. In this study, the sample was drawn using non-probability sampling with a saturated sampling method. In this study, the technique used in processing data was a questionnaire with a Likert scale of 1-5. The analysis used in this study was smart PLS 3.

The influence of spiritual intelligence on financial management is not significant with a p value of 0.114 > 0.05. The influence of financial literacy on financial management is significant and positive with a p value of 0.000 > 0.05. The influence of spiritual intelligence on behavioral intentions is significant and positive with a p value of 0.022 > 0.05. The influence of financial literacy on behavioral intentions is not significant with a p value of 0.948 > 0.05. The influence of financial management on behavioral intentions is significant and positive with a p value of 0.000 > 0.05. The role of behavioral intentions in mediating the influence of Spiritual intelligence on financial management is not significant with a p value of 0.122 > 0.05. The role of behavioral intentions in mediating the influence of financial literacy on financial management is significant and positive with a p value of 0.000 > 0.05.

USTEDI can develop character and spirituality development programs for students through activities such as mentoring, soft skills development, and values-based social activities. Students can be given opportunities to reflect on the values and meaning of life through academic activities and campus organizations to enhance their behavior and value.

Keywords:  Spiritual Intelligence, Financial Literacy, Financial Management, Behavioral Intentions