The Effect of Digital Asset Diversification on Individual Financial Resilience in the Digital Economy Era

Authors

  • Ervinna Kristyaningsih Universitas Semarang, Semarang, Indonesia
  • Indarto Indarto Universitas Semarang, Semarang, Indonesia
  • Adijati Utaminingsih Universitas Semarang, Semarang, Indonesia

Keywords:

Digital Asset Diversification, Individual Financial Resilience, Digital Economy, Financial Technology, Financial Literacy

Abstract

The rapid expansion of digital technology has fundamentally altered individual financial management. This study examines the effect of digital asset diversification on individual financial resilience in the digital economy era. Employing a quantitative approach with survey methods, this study involved 150 respondents across five major cities in Indonesia. The data were analyzed using multiple linear regression and moderated regression analysis, with financial literacy as the moderating variable. The results reveal that digital asset diversification, which encompasses digital savings, digital investment, digital insurance, and cryptocurrency, exerts a significant positive effect on individual financial resilience. The diversification index demonstrates a strong correlation (r = 0.712) with the financial resilience score. Respondents who diversified across three or more digital asset categories exhibited financial resilience scores 42% higher than those relying on a single instrument. Digital investment registered the highest coefficient (B = 0.341), followed by digital insurance (B = 0.298), digital savings (B = 0.287), and cryptocurrency (B = 0.142). Financial literacy was confirmed as a moderating variable that amplifies the relationship between diversification and financial resilience. Together, the four dimensions explained 50.7% of the variance in individual financial resilience (R² = 0.507). These findings affirm that the strategic orchestration of multiple digital financial instruments strengthens the financial buffer of individuals against economic shocks and supports long-term economic stability.

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Published

2026-10-30

How to Cite

Kristyaningsih, E., Indarto, I., & Utaminingsih, A. (2026). The Effect of Digital Asset Diversification on Individual Financial Resilience in the Digital Economy Era. Greenation International Journal of Economics and Accounting, 4(4), 1344–1353. Retrieved from https://research.e-greenation.org/GIJEA/article/view/959

Issue

Vol. 4 No. 4 (2026): Greenation International Journal of Economics and Accounting (September - October 2026)

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Articles

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Copyright (c) 2026 Ervinna Kristyaningsih, Indarto Indarto, Adijati Utaminingsih

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