Title: Does COVID-19 pandemic change financial behaviour?

Authors: Fatima Vitriani; Taufik Faturohman; Indra Yudha Mambea

Addresses: School of Business and Management, Institut Teknologi Bandung, Jalan Ganesha No.10, Lebak Siliwangi, Coblong, Bandung, West Java 40132, Indonesia ' School of Business and Management, Institut Teknologi Bandung, Jalan Ganesha No.10, Lebak Siliwangi, Coblong, Bandung, West Java 40132, Indonesia ' School of Business and Management, Institut Teknologi Bandung, Jalan Ganesha No.10, Lebak Siliwangi, Coblong, Bandung, West Java 40132, Indonesia

Abstract: The COVID-19 pandemic has spread at an alarming rate, causing economic paralysis and financial behaviour change as countries imposed strict movement restrictions to halt the spread of the virus. This study aimed to determine the relationship between financial literacy, internal and external locus of control, and financial behaviour before and during the COVID-19 pandemic. The results show that specific financial behaviours change during the pandemic. Furthermore, it was found that financial literacy and internal locus of control influence financial behaviour before the pandemic, while external locus of control also influences financial behaviour during the pandemic.

Keywords: financial behaviour; financial literacy; locus of control; COVID-19.

DOI: 10.1504/IJEPEE.2024.142471

International Journal of Economic Policy in Emerging Economies, 2024 Vol.20 No.3/4, pp.333 - 339

Received: 31 Jul 2021
Accepted: 10 Dec 2021
Published online: 04 Nov 2024 *

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