The impact of cognitive factors on individuals’ financial decisions / Marhanum Che Mohd Salleh … [et al.]

Che Mohd Salleh, Marhanum and Chowdhurya, Mohammad Abdul Matin and Mohd Nasarudina, Ahmad Fawwaz and Ratnasarib, Ririn Tri (2020) The impact of cognitive factors on individuals’ financial decisions / Marhanum Che Mohd Salleh … [et al.]. Management & Accounting Review (MAR), 19 (3): 4. pp. 69-88. ISSN 2550-1895

Official URL: https://mar.uitm.edu.my/

Abstract

The objective of this paper is to examine the effect of cognitive factors which are financial knowledge, herding behaviour and financial planning towards individuals’ financial decisions. A total of 173 survey data were collected from university staff consisting of administrative and academic members. This research adopted a quantitative methodology for data collection as well as data analysis. Multiple regression analysis was used to examine the effect of cognitive factors towards the dependent variable which is financial decision. Results indicate that only two cognitive variables which are financial knowledge and financial planning have a significant effect toward financial decisions. Herding behaviour was found to insignificantly effect the individual financial decision process. Results of this research would be of significance to proof that other than external factors, internal factors which are cognitive elements are crucial in influencing individual financial decisions.

Metadata

Item Type: Article
Creators:
Creators
Email / ID Num.
Che Mohd Salleh, Marhanum
UNSPECIFIED
Chowdhurya, Mohammad Abdul Matin
UNSPECIFIED
Mohd Nasarudina, Ahmad Fawwaz
UNSPECIFIED
Ratnasarib, Ririn Tri
UNSPECIFIED
Subjects: H Social Sciences > HF Commerce > Personnel management. Employment management
Divisions: Universiti Teknologi MARA, Shah Alam > Accounting Research Institute (ARI)
Journal or Publication Title: Management & Accounting Review (MAR)
UiTM Journal Collections: UiTM Journal > Management & Accounting Review (MAR)
ISSN: 2550-1895
Volume: 19
Number: 3
Page Range: pp. 69-88
Keywords: Financial planning, Herding behaviour, Financial knowledge
Date: December 2020
URI: https://ir.uitm.edu.my/id/eprint/42270
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42270

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