Harnessing Green Product Knowledge: FEBI UIN Salatiga Students Leading the Way in Sustainable Financial Education and Consumption
Abstract
This study investigates the influence of Sustainable Financial Education on Green Consumption Behaviour, focusing on the mediating role of Green Product Knowledge among students at Universitas Islam Negeri Salatiga. A quantitative approach was employed, collecting data from 451 respondents through an online questionnaire. Path analysis revealed that Sustainable Financial Education significantly and positively impacts Green Consumption Behaviour, both directly and indirectly through Green Product Knowledge. The findings underscore the importance of integrating sustainability into financial education to promote environmentally responsible consumption. This research contributes to the academic discourse by highlighting the intersection of financial and environmental education, introducing new variables, and offering practical insights for curriculum development. Despite its contributions, the study is limited by its specific population and reliance on self-reported data, suggesting future research should explore broader populations and longitudinal approaches.
References
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Thøgersen, J. (2011). Green shopping: The role of moral concerns and self-monitoring. Journal of Consumer Behaviour, 10(1), 15-25. https://doi.org/10.1002/cb.342
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Atkinson, A., & Messy, F.-A. (2012). Measuring financial literacy: Results of the OECD/International Network on Financial Education (INFE) pilot study. OECD Working Papers on Finance, Insurance and Private Pensions, No. 15, OECD Publishing. https://doi.org/10.1787/5k9csfs90fr4-en
Bapat, D. (2021). The effect of financial literacy and financial experience on consumer decision-making: A moderated mediation model. Journal of Retailing and Consumer Services, 59, 102364. https://doi.org/10.1016/j.jretconser.2020.102364
Collins, J. M., Lampi, E., & Kubacki, K. (2021). Sustainability and financial capability: Exploring the connections. Journal of Consumer Affairs, 55(3), 877-898. https://doi.org/10.1111/joca.12373
Creswell, J. W., & Creswell, J. D. (2018). Research design: Qualitative, quantitative, and mixed methods approaches (5th ed.). SAGE Publications.
Dangelico, R. M., & Vocalelli, D. (2017). "Green Marketing": An analysis of definitions, strategy steps, and tools through a systematic review of the literature. Journal of Cleaner Production, 165, 1263-1279. https://doi.org/10.1016/j.jclepro.2017.07.184
Gifford, R., & Nilsson, A. (2014). Personal and social factors that influence pro-environmental concern and behaviour: A review. International Journal of Psychology, 49(3), 141-157. https://doi.org/10.1002/ijop.12034
Gleim, M. R., Smith, J. S., Andrews, D., & Cronin, J. J. (2013). Against the green: A multi-method examination of the barriers to green consumption. Journal of Retailing, 89(1), 44-61. https://doi.org/10.1016/j.jretai.2012.10.001
Gleim, M. R., Smith, J. S., Andrews, D., & Cronin, J. J. (2013). Against the green: A multi-method examination of the barriers to green consumption. Journal of Retailing, 89(1), 44-61. https://doi.org/10.1016/j.jretai.2012.10.001
Hair, J. F., Black, W. C., Babin, B. J., & Anderson, R. E. (2019). Multivariate data analysis (8th ed.). Cengage Learning.
Hassan, L. M., Shiu, E., & Shaw, D. (2016). Who says there is an intention-behaviour gap? Assessing the empirical evidence of an intention-behaviour gap in ethical consumption. Journal of Business Ethics, 136(2), 219-236. https://doi.org/10.1007/s10551-014-2440-0
Hassan, L. M., Shiu, E., & Shaw, D. (2020). Who says there is an intention-behaviour gap? Assessing the empirical evidence of an intention-behaviour gap in ethical consumption. Journal of Business Ethics, 164(2), 185-197. https://doi.org/10.1007/s10551-018-4062-2
Hayes, A. F. (2018). Introduction to mediation, moderation, and conditional process analysis: A regression-based approach (2nd ed.). Guilford Press.
Isaac, S., & Michael, W. B. (1981). Handbook in research and evaluation (2nd ed.). EdITS Publishers.
JASP Team. (2021). JASP (Version 0.14.1) [Computer software]. https://jasp-stats.org
Joshi, A., Kale, S., Chandel, S., & Pal, D. K. (2015). Likert scale: Explored and explained. British Journal of Applied Science & Technology, 7(4), 396-403. https://doi.org/10.9734/BJAST/2015/14975
Joshi, Y., & Rahman, Z. (2015). Factors affecting green purchase behaviour and future research directions. International Strategic Management Review, 3(1-2), 128-143. https://doi.org/10.1016/j.ism.2015.04.001
Lin, Y.-C., & Niu, H.-J. (2018). Green consumption: Environmental knowledge, green consumer behaviour, and the theory of planned behaviour. Journal of International Consumer Marketing, 30(4), 290-304. https://doi.org/10.1080/08961530.2018.1466748
Lusardi, A., & Mitchell, O. S. (2014). The Economic Importance of Financial Literacy: Theory and Evidence. Journal of Economic Literature, 52(1), 5-44. https://doi.org/10.1257/jel.52.1.5
Nguyen, T. T., Phan, T. T. H., & Bui, H. M. T. (2022). Green consumption: Closing the intention-behaviour gap. Sustainability, 14(4), 2196. https://doi.org/10.3390/su14042196
Papista, E., & Krystallis, A. (2013). Investigating the types of value and cost of green brands: Proposition of a conceptual framework. Journal of Business Ethics, 115(1), 75-92. https://doi.org/10.1007/s10551-012-1367-6
Peattie, K. (2010). Green consumption: Behaviour and norms. Annual Review of Environment and Resources, 35, 195-228. https://doi.org/10.1146/annurev-environ-032609-094328
Saunders, M., Lewis, P., & Thornhill, A. (2016). Research methods for business students (7th ed.). Pearson Education Limited.
Testa, F., Nucci, B., & Iraldo, F. (2021). Predictors of consumer purchasing intentions for electric vehicles: The role of environmental concern and perceived benefits. Journal of Cleaner Production, 291, 125912. https://doi.org/10.1016/j.jclepro.2021.125912
Thøgersen, J. (2011). Green shopping: The role of moral concerns and self-monitoring. Journal of Consumer Behaviour, 10(1), 15-25. https://doi.org/10.1002/cb.342
White, K., Hardisty, D. J., & Habib, R. (2019). The elusive green consumer. Harvard Business Review, 97(4), 124-133. https://hbr.org/2019/07/the-elusive-green-consumer
Xiao, J. J., & O'Neill, B. (2016). Consumer financial education and financial capability. International Journal of Consumer Studies, 40(1), 1-14. https://doi.org/10.1111/ijcs.12263
Published
2024-12-18
How to Cite
Kurniawan, H., Andrean, D., & Supriyono, Y. (2024). Harnessing Green Product Knowledge: FEBI UIN Salatiga Students Leading the Way in Sustainable Financial Education and Consumption. Annual International Conference on Islamic Economics and Business (AICIEB), 4, 162-170. https://doi.org/https://doi.org/10.18326/aicieb.v4i0.728
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