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Financial literacy, behavior and vulnerability among Malaysian households: does gender matter?


Citation

Sabri, Mohamad Fazli and Cheng, Eugene Xi Aw and Abdul Rahim @ Abdul Wahab, Husniyah and Burhan, Nik Ahmad Sufian and Othman, Mohd Amim and Simanjuntak, Megawati (2021) Financial literacy, behavior and vulnerability among Malaysian households: does gender matter? International Journal of Economics and Management, 15 (2). 241 - 256. ISSN 2393-9125

Abstract

This study aims to identify the factors determining financial vulnerability among Malaysia households. A questionnaire-based survey was conducted using multi-stage sampling technique. In total, 578 useable responses were collected and data were analyzed using partial least square structural equation modeling. The empirical results revealed that i) financial literacy positively influenced financial behavior, ii) financial behavior negatively influenced financial vulnerability, iii) financial behavior mediates the relationship between financial literacy and financial vulnerability, iv) gender moderates the relationship between financial behavior and financial vulnerability. This study enriches the theoretical foundations of financial vulnerability through the exploration of mediation and moderation mechanism. Implications and future research suggestions are discussed.


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Additional Metadata

Item Type: Article
Divisions: Faculty of Human Ecology
Publisher: Universiti Putra Malaysia
Keywords: Financial literacy; Financial behavior; Financial vulnerability; Gender; Malaysia; PLS-MGA
Depositing User: Ms. Nuraida Ibrahim
Date Deposited: 12 Sep 2022 02:11
Last Modified: 12 Sep 2022 02:11
URI: http://psasir.upm.edu.my/id/eprint/97338
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