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Indian Journal of Marketing

ISSN: 0973-8703 Frequency: Monthly Peer Review: Double-blind Published since: 1968 Language: English
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Original Article

Open Access Original Article

The Influence of Financial Quantitative Literacy and Subjective Numeracy on Impulsive Consumption with Materialism as the Mediator Variable

Laurentius Saptono1Budi Eko Soetjipto2Wahjoedi3Hari Wahyono4

1 Postgraduate Program Student, State University of Malang, Malang 65145

2 Professor, Graduate Program of State University of Malang, Malang 65145

3 Professor, Graduate Program of State University of Malang, Malang 65145

4 Associate Professor, Graduate Program of State University of Malang, Malang 65145

Volume 49
Issue 10
Pages 23–41
Year 2019
Received: Jan. 20, 2019 Accepted: July 30, 2019 Published: Oct. 31, 2019
Abstract

Marketers always optimize their marketing strategies so that the consumers are affected to make purchase decisions. Consumers are all the time exposed to visually appealing and well-displayed products as well as captivating promotions. This intrigues them to buy the products impulsively. The present research aimed to investigate the factors of impulsive consumption, namely materialism, financial quantitative literacy, and subjective numeracy. The research was conducted on 179 senior high school economics teachers in Special Region of Yogyakarta, Indonesia. Stratified random sampling was employed and the data were gathered from July 2017 to January 2018 and were analyzed using WarpPLS 5.0. The results showed that the influence of materialism was positive and significant on impulsive consumption ; the influence of financial quantitative literacy was negative and significant on impulsive consumption; materialism partly mediated negative influences, which was significant for impulsive consumption; the influence of subjective numeracy was negative and not significant on impulsive consumption; materialism fully mediated the negative influences; and influence of subjective numeracy was significant on impulsive consumption.

Keywords Impulsive Consumption Materialism Financial Quantitative Literacy Subjective Numeracy
How to Cite

Laurentius Saptono, Budi Eko Soetjipto, Wahjoedi, Hari Wahyono (2019). The Influence of Financial Quantitative Literacy and Subjective Numeracy on Impulsive Consumption with Materialism as the Mediator Variable. Indian Journal of Marketing, 49(10), 23–41. https://doi.org/10.17010/ijom/2019/v49/i10/147563

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