 Financial Planning for Retirement: The Moderating Role of Government PolicyAhmad Saleh Ghadwan, Wan Marhaini Wan Ahmad and Mohamed Hisham Hanifa SAGE Open, 2023, vol. 13, issue 2, 21582440231181300 Abstract: The objective of this study is to examine the role of financial self-efficacy (FSE), retirement goal clarity (RGC), and government policy (GP) on financial planning for the retirement (FPR) behavior of public university employees based on the CWO model for retirement. Also, to examine the moderating role of GP on the relationship between FSE, RGC, and FPR. Primary data was gathered during the COVID-19 pandemic from mid-July 2020 until the end of January 2021 using a non-probability convenience sampling approach involving 525 respondents. The data were analyzed using the Structural Equation Modelling (SEM) technique. The Confirmatory Tetrad Analysis method (CTA-PLS) is used to determine the formative/reflective type of study variables. The results directly show the significant impact of the FSE, RGC, and GP on FPR. Indirectly, for those with a clear retirement goal, the perceived GP moderates its relationship with FPR. Previous research has examined FSE and RGC in FPR without considering the effect of GP. Keywords: financial planning for retirement; financial self-efficacy; retirement goal clarity; government policy; Saudi Arabia (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:sae:sagope:v:13:y:2023:i:2:p:21582440231181300 DOI: 10.1177/21582440231181300 Access Statistics for this article More articles in SAGE Open |
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