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Measuring the impact of POWER! programme


Citation

Sabri, Mohamad Fazli and Abdullah, Siti Farra Zillah (2016) Measuring the impact of POWER! programme. Saudi Journal of Business and Management Studies, 1 (1). pp. 26-31. ISSN 2415-6663; ESSN: 2415-6671

Abstract / Synopsis

Despite the vast research in financial literacy and financial education, little is known about the effectiveness of the education programme that was conducted to increase the financial literacy among Malaysian. The high number of bankruptcy as the highest bankruptcy case was related to hire purchase loans and personal loans are among the crucial financial issues in Malaysia. Hence, this study was conducted to investigate the financial literacy, attitude and practices of those who attended POWER! programme and not attended. Data were obtained through on-line survey (n=677) and during Minggu Amanah Saham Malaysia. The findings include that after 6 months attended POWER! programme the participants have a higher financial knowledge. In addition, those who attended POWER! programme had positive attitude towards financial matters although mix result was observed. On the other hand, the control group have better in basic financial behaviour. Consequently, interview should be conducted to gain more understanding on the impact of POWER! programme, a detailed module on specific personal finance need to be developed and further study on financial attitude and behaviour is needed.


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Additional Metadata

Item Type: Article
Divisions: Faculty of Human Ecology
Institute of Gerontology
Publisher: Scholars Middle East Publishers
Keywords: Financial literacy; Financial education; POWER! programme
Depositing User: Nurul Ainie Mokhtar
Date Deposited: 23 Apr 2018 13:11
Last Modified: 23 Apr 2018 13:11
URI: http://psasir.upm.edu.my/id/eprint/54764
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