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Understanding the path toward family economic well-being of coconut growers


Wijekoon, Rusitha and Sabri, Mohamad Fazli and Ahmad, Nobaya and Abd Rahim, Husniyah (2021) Understanding the path toward family economic well-being of coconut growers. International Journal of Academic Research in Business and Social Sciences, 11 (19). 327 - 348. ISSN 2222-6990


Many countries are establishing national programs to increase their citizens’ family economic well-being. However, the concept of family economic well-being is still in its infancy, with only a few models established for developing countries. Thus, to create and implement effective policies, it is necessary to comprehend the concept family economic well-being from a multidisciplinary and multi-dimensional perspective, especially for a developing country like Sri Lanka. In the current study, path analysis was performed to examine the drivers that affect family economic well-being of coconut growers in Sri Lanka. Data from 400 respondents were analyzed empirically to validate the hypothesized relationships using the PLS-SEM approach. The findings provide support for the relationships between money attitude, technology adoption, financial behavior, financial knowledge, and family economic well-being which explained 91.2% of variance in family economic well-being. Understanding the paths that lead to better individual economic well-being has the potential to aid in successful policymaking, and curriculum design to assist individuals’ efforts to achieve greater family economic wellbeing.

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Additional Metadata

Item Type: Article
Divisions: Faculty of Human Ecology
Institute for Social Science Studies
DOI Number: https://doi.org/10.6007/IJARBSS/v11-i19/11740
Publisher: Human Resource Management Academic Research Society
Keywords: Financial knowledge; Financial behavior; Money attitudes; Technology adoption; Sri Lanka
Depositing User: Mohamad Jefri Mohamed Fauzi
Date Deposited: 12 Jan 2023 07:45
Last Modified: 12 Jan 2023 07:45
Altmetrics: http://www.altmetric.com/details.php?domain=psasir.upm.edu.my&doi=10.6007/IJARBSS/v11-i19/11740
URI: http://psasir.upm.edu.my/id/eprint/93480
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