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Determinants of employees' financial well-being: the moderation effect of working sector


Citation

Sabri, Mohamad Fazli and Falahati, Leila and Masud, Jariah and Paim, Laily (2012) Determinants of employees' financial well-being: the moderation effect of working sector. In: Seminar Kebangsaan MACFEA ke 16 'Kelestarian dan Kualiti Hidup', 10-11 Jul. 2012, Palm Garden Hotel Putrajaya, Malaysia. (pp. 181-192).

Abstract

The purpose of this study is to examine factors affecting financial well-being among public and private employees in Malaysia. The results of this study can be used for better understanding on the relationships between and among determinants of financial well-being by highlighting the relationships among financial literacy, financial behavior, financial management, financial problems, 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 indicate that financial behavior, financial management, financial problems and financial stress are significant predictors of financial well-being among employees in public and private sectors. In contrast, financial literacy contributes to predict financial well-being among public sectors but not among private sectors. Findings from this study have important implication with respect to the need of workplace financial education.


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Additional Metadata

Item Type: Conference or Workshop Item (Paper)
Divisions: Faculty of Human Ecology
Institute of Gerontology
Publisher: Persatuan Ekonomi Pengguna dan Keluarga Malaysia (MACFEA)
Keywords: Financial literacy; Financial behavior; Financial management; Financial problems; Financial stress; Financial well-being
Depositing User: Erni Suraya Abdul Aziz
Date Deposited: 04 Aug 2014 00:52
Last Modified: 13 Jan 2020 01:57
URI: http://psasir.upm.edu.my/id/eprint/31698
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