Sylviana Maya Damayanti, Pramudya Wicaksana


People with a high level of financial literacy tend to have better financial management skills to realize their financial well-being through effective financial decisions including investing according to their risk profile. The banking industry is an industry that has the highest inclusive level selected because it can represent financial literacy conditions. On the other hand, the gap between financial inclusion and financial literacy leads to a large number of investment (illegal) cases and complaints to regulators. The purpose of this research is to find out the level of financial literacy and type of risk profile, factors that affect it with bank employees in Bandung as research objects. The sampling technique used is a non-probability sampling technique that is purposive sampling with a total of 408 respondents. Data collection is through online questionnaires. There are three sections questionnaire, demographic factors, financial literacy, and risk profile. The data processing techniques used are descriptive statistical analysis and multiple regressions. The results showed that bank employees in Bandung had financial literacy indexes categorized as “medium” or “sufficient” (66.7%) with a risk profile index of “moderate” type (60%). Demographic factors that affect financial literacy are age, education level, and organizational position. While the factor that affects the risk profile is age and gender. Research has also revealed a strong correlation between financial literacy and risk profile.


Financial Literacy; Risk Profile; Bank; Employee

Full Text:



Aren, S. and Zengin, A. N. 2016. Influence of Financial Literacy and Risk Perception on Choice of Investment, Procedia - Social and Behavioral Sciences, 235(February), pp. 656–663. DOI: 10.1016/j.sbspro. 2016.11.047.

Atkinson, A., Monticone, C. and Mess, F. A. 2016. OECD/ INFE International Survey of Adult Financial Literacy Competencies, OECD. Paris.

Bellante, D. and Green, C. A. 2004. Relative Risk Aversion Among The Elderly. Review of Financial Economics, 13(3), pp. 269–281. DOI: 10.1016/j.rfe. 2003.09.010.

Carpena, F., Jeremy Shapiro, Shawn Cole, and Bilal Zia. 2011. Unpacking the Causal Chain of Financial Literacy. The World Bank Development Research Group.

Chen, H. and Volpe, R. P. 1998. An Analysis of Personal Financial Literacy Among College Students, Financial Services Review, 7(2), pp. 107–128. DOI: 10.1016/S1057-0810(99)80006-7.

Dewi, V. I. and Barlian, I. 2020. The Relationship Between Financial Literacy and Risk Profile Among Youth, Frontiers Journal of Accounting and Business Research, 02(01), pp. 27–31.

Huston, S. J. 2010. Measuring Financial Literacy, Journal of Consumer Affairs, 44(2), pp. 296–316. DOI: 10.1111/j.1745-6606.2010.01170.x.

Kurihara, Y. 2013. Does Financial Skill Promote Economic Growth?. International Journal of Humani- ties and Social Science, 3(8), pp. 92–97.

Lusardi, Annamaria, Olivia S. Mitchell, and Vilssa Curto. 2010. Financial Literacy among the Young. Journal of Consumer Affairs. Vol. 44, Issue 2, Pages 358-380.

Lusardi, A. and Mitchell, O. S. 2011. Financial Literacy And Retirement Planning In The United States. NBER Working Paper Series. 17108. Cambridge.

Matuska, K. M. and Christiansen, C. H. 2008. A Proposed Model of Lifestyle Balance, Journal of Occupational Science, 15(1), pp. 9–19. DOI: 10.1080/14427591. 2008.9686602.

OJK 2019. Berinvestasi Juga Perlu Waspada, Otoritas Jasa Keuangan, Republik Indonesia.

OJK 2019. Siaran Pers Survei Otoritas Jasa Keuangan 2019: Indeks Literasi dan Inklusi Keuangan Meningkat, Sp 58/Dhms/Ojk/Xi/2019.

Palameta, B., Cam Nguyen, Taylor Shek-wai Hui, and David Gyarmati. 2016. The Link between Financial Confidence and Financial Outcomes among Working-Aged Canadians for the Financial Consumer Agency of Canada. The Social Research and Demonstration Corporation (SRDC), (May), pp. 1–63.

Remund, D. L. 2010. Financial Literacy Explicated: The Case for A Clearer Definition in An Increasingly complex economy, Journal of Consumer Affairs, 44(2), pp. 276–295. DOI: 10.1111/j.1745-6606. 2010.01169.x.

Rooij, Maarten V., R. Alessie, and Annamaria Lusardi. 2011. Financial Literacy, Retirement Planning, and Household Wealth. SSRN Electronic Journal. DOI: 10.2139/ssrn.1920287.

Saputra, H. I. and Anastasia, N. 2013. Jenis Investasi Berdasarkan Profil Risiko, Finesta, 1.

Tallo, R., Linawati, N. and Memarista, G. 2015. Analisa Hubungan Faktor Demografi, Profil Risiko, dan Keputusan Investor dalam Alokasi Aset, Finesta: Journal of Finance, 3(2), pp. 73–78.

Tustin, N. 2010. The Role of Patient Satisfaction in Online Health Information Seeking, Journal of Health Communication, 15(1), pp. 3–17. DOI: 10.1080/ 10810730903465491.

Willis, L. E. 2008. Legal Scholarship Repository Against Financial Literacy Education, Faculty Scholarship, pp. 1–57.

Windayani, F. S. and Krisnawati, A. 2019. Analisis Pengaruh Faktor Demografi Terhadap Literasi Keuangan dan Keputusan Investasi di Pasar Modal (Studi Kasus pada Investor yang Terdaftar di Galeri Investasi Bursa Efek Indonesia Telkom University pada tahun 2014-2018), E-Proceeding



  • There are currently no refbacks.