Hypothesis testing (H1–H3)
| Relationships | Path coefficient (β) with p-values | Confidence intervals | ||
|---|---|---|---|---|
| 2.5% | 97.5% | F2 | ||
| Direct effects | ||||
| Social comparison orientation → Financial management behavior (H1) | 0.15* | 0.01 | 0.29 | 0.02 |
| Social comparison orientation → self-efficacy | 0.39** | 0.28 | 0.49 | 0.18 |
| Financial self-efficacy → financial management behavior | 0.32** | 0.21 | 0.44 | 0.13 |
| Specific indirect effect (mediation) (H2) | ||||
| Social comparison orientation → financial self-efficacy → financial management behavior | 0.13** | 0.08 | 0.19 | – |
| Conditional direct effect (Moderating effect) (H3) | – | |||
| Social comparison orientation → Financial management behavior conditional on Financial socialization at –1 SD | 0.10NS | −0.08 | 0.25 | – |
| Social comparison orientation → financial management behavior conditional on financial socialization at mean | 0.15* | 0.01 | 0.29 | – |
| Social comparison orientation → Financial management behavior conditional on Financial socialization at +1 SD | 0.21* | 0.02 | 0.39 | – |
| Relationships | Path coefficient ( | Confidence | ||
|---|---|---|---|---|
| 2.5% | 97.5% | F2 | ||
| Social comparison orientation → Financial management behavior ( | 0.15 | 0.01 | 0.29 | 0.02 |
| Social comparison orientation → self-efficacy | 0.39 | 0.28 | 0.49 | 0.18 |
| Financial self-efficacy → financial management behavior | 0.32 | 0.21 | 0.44 | 0.13 |
| Social comparison orientation → financial self-efficacy → financial management behavior | 0.13 | 0.08 | 0.19 | – |
| – | ||||
| Social comparison orientation → Financial management behavior conditional on Financial socialization at –1 SD | 0.10NS | −0.08 | 0.25 | – |
| Social comparison orientation → financial management behavior conditional on financial socialization at mean | 0.15 | 0.01 | 0.29 | – |
| Social comparison orientation → Financial management behavior conditional on Financial socialization at +1 SD | 0.21 | 0.02 | 0.39 | – |
*p-value < 0.05; **p-value < 0.001