PENGARUH FINANCIAL ATTITUDE DAN FINANCIAL LITERACY TERHADAP RISIKO FINANCIAL DISTRESS

Abstract

This research aimed to prove the effect of financial attitude and financial literacy on the financial distress risks among the undergraduate students of the Accounting Study Program at the Indonesian College of Economics Surabaya (STIESIA Surabaya) Class of 2020/2021. The research was quantitative. Furthermore, the data were primary. The instrument in the data collection technique was a questionnaire. The questionnaires were distributed to respondents. In line with that, 75 respondents of the undergraduate students of the Accounting Study Program at the Indonesian College of Economics Surabaya (STIESIA Surabaya) Class of 2020/2021 fulfilled as the sample. Moreover, the data analysis technique used descriptive analysis, validity and reliability tests, classical assumption test, and multiple linear regression analysis. The result indicated that financial attitude did not negatively affect the financial distress risks. However, financial literacy had negatively affected the financial distress risks. It meant the higher the individual's understanding regarding financial management was, the lower the risk of experiencing financial distress would be.