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Original Research

FINANCIAL BEHAVIOR AND SUBJECTIVE WELLBEING IN THE PERSPECTIVE OF SANTRI ENTREPRENEURS

FADIA ZEN 1, DANARDANA MURWANI 2, IMAM MUKHLIS 3, and AGUNG WINARNO 4.

Vol 18, No 09 ( 2023 )   |  DOI: 10.5281/zenodo.8366135   |   Author Affiliation: Faculty of Economics and Business, Universitas Negeri Malang, Malang, Indonesia 1,2,3,4.   |   Licensing: CC 4.0   |   Pg no: 211-226   |   Published on: 06-09-2023

Abstract

This study aims to analyze the relationship between financial behavior and subjective well-being from the perspective of student entrepreneurs. This research uses qualitative methods with a multisite case study approach. The study participants consisted of a group of student entrepreneurs operating in several different locations. The research data were obtained through in-depth interviews, participatory observation, and analysis of related documents. The results of data analysis show that financial behavior has a significant influence on the subjective well-being of student entrepreneurs. Factors such as effective financial management, wise decision making, and a positive attitude towards risk have a positive impact on their subjective well-being. In addition, contextual factors such as social, cultural, and religious environment also influence the relationship between financial behavior and subjective well-being. The findings of this study provide important insights for the development of financial education and student entrepreneurship coaching, as well as contribute to a better understanding of the factors that influence subjective well-being in the context of student entrepreneurship.


Keywords

Financial Behavior, Subjective Wellbeing, Santri Entrepreneur.