Indri Murniawaty

The study explores the moderating role of peer conformity on the relationship between self-concept, economic literacy, and e-money adoption with the consumptive behavior of university students, specifically those receiving the KIP Kuliah scholarship in Indonesia. Data were collected through an online survey of 328 students and analyzed using Moderated Regression Analysis (MRA). The results indicated that the relationship between self-concept and consumptive behavior, as well as e-money adoption and consumptive behavior, was significantly strengthened by peer conformity. However, the effect of economic literacy on consumptive behavior was not moderated by peer conformity. These findings suggest that while self-concept and e-money adoption are influenced by peer conformity, economic literacy operates independently of peer conformity. The importance of fostering economic literacy and a critical self-concept among students to mitigate the effects of peer pressure on consumption was highlighted in this research. The findings reveal that peer conformity strengthens the effect of self-concept and e-money adoption on consumptive behavior, but does not moderate the impact of economic literacy. The research highlights the need for fostering economic literacy and critical self-concept to reduce the influence of peer conformity on student consumption decisions. Further research should expand the scope beyond KIP Kuliah students to include a broader student population.

Type of the article: Research Article

Abstract
Entrepreneurship is a strategic rehabilitative approach within correctional institutions, offering incarcerated individuals viable opportunities for economic independence and social reintegration. The high recidivism rates and severe social stigma faced by women upon release underscore the relevance of identifying effective psychological and social drivers to maximize the success of these initiatives. The study aims to examine the impact of prison entrepreneurship programs (PEP) on the entrepreneurial intentions of female inmates following their release, specifically exploring whether the moderating influences of personal resilience or external social support are the predictors in this process. A quantitative research design was adopted, utilizing primary data collected through a structured survey. The population comprises 225 female inmates who are currently incarcerated but have actively participated in vocational and entrepreneurship-oriented training for a minimum of three months in four selected correctional facilities. Data processing and model estimation were performed using partial least squares structural equation modelling (PLS-SEM). The findings demonstrate that participation in the PEP has a substantial and positive effect on entrepreneurial intention (β = 0.345, p < 0.001), with the overall model explaining 62.2% of the variance in entrepreneurial intention (R² = 0.622). The moderating analysis reveals that resilience does not have a statistically significant moderating effect on the relationship between PEP participation and entrepreneurial intention (p > 0.05). In contrast, social support emerges as a significant positive moderator, strengthening the effect of PEP participation on entrepreneurial intention (β = 0.265, p < 0.001). The study concludes that PEPs are highly effective, but their success hinges more on the assurance of post-release social support networks than on the inmates’ individual psychological resilience.