Psychological Determinants of Household Financial Sustainability: The Perspective of Employees in Manufacturing Sector of Malaysia

Syed Inaam Ullah Shah, Amina Bashir, Muhammad Ishaq Biland ()
Additional contact information
Syed Inaam Ullah Shah, Amina Bashir, Muhammad Ishaq Biland: Universiti Utara Malaysia, Malaysia

Journal of Finance and Economics Research, 2020, vol. 5, issue 2, 126-136

Abstract: Financial sustainability is a hot topic these days. Previous studies have explored the effects of socioeconomic characteristics on financial sustainability. However, this stream of research has paid little attention to psychological factors that may be related to financial sustainability of household. Therefore, the aim of the present study is to fill the research gap by examining the effects of financial attitudes, financial behavior and financial self-efficacy on financial sustainability. To meet the study objectives, data were collected from 284 employees working in Malaysian manufacturing sector. The collected data was then analyzed using the PLS-SEM approach. The results of this study show that financial attitudes, financial behavior and financial self-efficacy have a significant impact on the financial sustainability of employees affiliated with manufacturing sector of Malaysia.

Keywords: Financial attitudes; financial behaviors; financial self-efficacy; financial sustainability; household; psychological factors. (search for similar items in EconPapers)
Date: 2020
References: Add references at CitEc
Citations:

Downloads: (external link)
http://geistscience.com/JFER/Issue2-20/Article5/JFER2005205.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:gei:jnlfer:v:5:y:2020:i:2:p:126-136

Access Statistics for this article

Journal of Finance and Economics Research is currently edited by Imtiaz ARIF and Syed Ali Raza

More articles in Journal of Finance and Economics Research from Geist Science, Iqra University, Faculty of Business Administration
Bibliographic data for series maintained by Imtiaz ARIF ().