Predictors of financial well-being among Malaysian employees: examining the mediate effect of financial stress / Mohamad Fazli Sabri and Leila Falahati.

Sabri, Mohamad Fazli and Falahati, Leila (2013) Predictors of financial well-being among Malaysian employees: examining the mediate effect of financial stress / Mohamad Fazli Sabri and Leila Falahati. Journal of Emerging Economies and Islamic Research, 1 (3). pp. 1-16. ISSN 2289 – 2559

Abstract

Financial well-being and its impact on the quality of life among employees have received considerable attention from researchers, consumer and financial educators, practitioners and policy makers. The purpose of this study is to examine the determinant factors of employees’ financial well-being in Malaysia. The results of this study can be used for better understanding of the relationship between and among determinants of financial well-being by highlighting the relationships among financial literacy, financial behavior, financial capability, financial problem, and financial stress. Samples were selected using multi-stage sampling technique among employees in public and private sectors. A total of 2,000 completed questionnaires were analyzed using path analysis to identify direct and indirect effects on financial well-being. The results identified that financial well-being determinants were financial literacy, financial behavior, financial capability, financial problem; and financial stress had either a direct and indirect effect on financial well-being. The findings indicated that financial stress partially mediate the effect of factors on predicting financial well-being.

Metadata

Item Type: Article
Creators:
Creators
Email / ID Num.
Sabri, Mohamad Fazli
UNSPECIFIED
Falahati, Leila
UNSPECIFIED
Subjects: H Social Sciences > HG Finance
H Social Sciences > HG Finance > Personal finance. Financial literacy
H Social Sciences > HG Finance > Personal finance. Financial literacy > Malaysia
Divisions: Universiti Teknologi MARA, Selangor > Puncak Alam Campus > Faculty of Business and Management
Journal or Publication Title: Journal of Emerging Economies and Islamic Research
UiTM Journal Collections: UiTM Journal > Journal of Emerging Economies and Islamic Research (JEEIR)
ISSN: 2289 – 2559
Volume: 1
Number: 3
Page Range: pp. 1-16
Keywords: Financial literacy, financial behavior, financial capability, financial problem, financial stress, financial well-being
Date: September 2013
URI: https://ir.uitm.edu.my/id/eprint/32770
Edit Item
Edit Item

Download

[thumbnail of 32770.pdf] Text
32770.pdf

Download (927kB)

ID Number

32770

Indexing

Statistic

Statistic details