Paper: arXiv 2405.06570

Authors: Gen Norman Thomas, Siti Mutiara Ramadhanti Nur, Lely Indriaty

Abstract

This study aims to analyze the impact of financial literacy, social capital and financial technology on financial inclusion. The research method used a quantitative research method, in which questionnaires were distributed to 100 active students in the economics faculty at 7 private colleges in Tangerang, Indonesia. Based on the results of data processing using SPSS version 23, it results that financial literacy, social capital and financial technology partially have a positive and significant influence on financial inclusion. The results of this study provide input that financial literacy needs to be increased because it is not yet equivalent to financial inclusion, and reducing the gap between financial literacy and financial inclusion is only 2.74%. Another benefit of this research is to give an understanding to students that students should be independent actors or users of financial technology products and that students should become pioneers in delivering financial knowledge, financial behavior and financial attitudes to the wider community.

Complexity vs Empirical Score

  • Math Complexity: 2.0/10
  • Empirical Rigor: 3.5/10
  • Quadrant: Philosophers — conceptual discussion, limited math and data

Why this score: The paper relies on basic survey methodology (questionnaires analyzed via SPSS) with simple descriptive and inferential statistics rather than quantitative financial modeling. Its sample size of 100 students is quite limited, and the methodology covers standard survey-based regression without novel empirical methods.

Research Flowchart

  flowchart TD
    A["Research Goal:<br>Analyze impacts of Financial Literacy, Social Capital, & FinTech on Financial Inclusion"] --> B["Data Collection:<br>Questionnaires from 100 Economics Students across 7 Private Colleges in Tangerang"]
    B --> C["Quantitative Data Processing:<br>SPSS Version 23 Analysis"]
    C --> D["Key Findings:<br>All 3 factors partially have a positive & significant influence on Financial Inclusion"]
    C --> E["Identified Gap:<br>Only 2.74% gap between Financial Literacy & Inclusion"]
    D & E --> F["Outcomes & Recommendations:<br>Boost literacy, promote FinTech independence, & empower student pioneers"]