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Determinants of Financial Behaviours among Malaysians

Indonesian Capital Market Review

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Title Determinants of Financial Behaviours among Malaysians
 
Creator Zauwiyah Ahmad; Faculty of Business and Law Multimedia University
Maimun Simun; Faculty of Business and Law Multimedia University
Md. Shukor Masuod; Faculty of Business and Law Multimedia University
 
Subject Capital Market
 
Description The  importance  of  inancial  literacy  in  promoting  good  inancial  behaviour  has  been established  in  previous  studies.  Nonetheless,  a  study  that  speciically  analyses  Malaysian or Asian general public is very rare, despite various cases involving bankruptcies, suicides and harassment that result from improper inancial decisions within the region. This study focuses  on  Malaysians'  inancial  literacy  and  inancial  behaviour.  It  is  hypothesized  that inancial behaviour is signiicantly correlated with inancial literacy. It is also expected that Malaysians' inancial behaviour and inancial literacy vary signiicantly among those from different education and income levels. A quantitative approach was adopted for this study, utilizing questionnaire survey as the main research instrument. Results showed signiicant, positive  correlation  between  inancial  literacy  and  inancial  behaviour.  Moreover,  less educated individuals and lower income earners were found to have lower inancial literacy. This  paper  provides  a  discussion  on  educational  programmes  that  could  be  conducted  in order  to  enhance  the  public's  inancial  literacy  and  promotes  good  inancial  practices, especially among these groups of individuals. activate javascript
 
Publisher Management Research Center, Department of Management, Faculty of Economics and Business, U
 
Contributor —
 
Date 2014-08-26
 
Type Peer-reviewed Article
 
Format application/mbox
 
Identifier http://journal.ui.ac.id/index.php/icmr/article/view/3663
 
Source Indonesian Capital Market Review; Vol 2, No 2 (2010): July 2010
 
Language en