The Cognitive Determinants of Financial Planning for Retirement
Purpose: To determine the cognitive factors that influence the financial knowledge of the individual in preparing for retirement. Design/methodology/approach: This is a conceptual paper and a systematic review is used as the methodology. Findings: The findings of this study suggest that the cognitiv...
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| Format: | Article |
| Language: | English |
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GBMR
2023
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| Online Access: | http://umpir.ump.edu.my/id/eprint/38564/1/The%20Cognitive%20Determinants%20of%20Financial%20Planning%20for%20Retirement.pdf |
| _version_ | 1825815133812686848 |
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| author | Mohd Nur Fadzly, Basar Noraina Mazuin, Sapuan |
| author_facet | Mohd Nur Fadzly, Basar Noraina Mazuin, Sapuan |
| author_sort | Mohd Nur Fadzly, Basar |
| collection | UMP |
| description | Purpose: To determine the cognitive factors that influence the financial knowledge of the individual in preparing for retirement. Design/methodology/approach: This is a conceptual paper and a systematic review is used as the methodology. Findings: The findings of this study suggest that the cognitive dimension can become a component of a larger model in terms of the development of an elderly's financial well-being during retirement. At the end of this conceptual research, a model will be proposed for further research in the future. Research limitations/implications: This study only focus on cognitive factors. Future studies can focus on other factors that relate to financial knowledge such as opportunity dimensions and readiness dimensions. Practical implications: Cognitive factors are important elements to measure the financial knowledge of individuals and their readiness for retirement preparedness. Originality/value: Even though there has been a significant amount of research on saving behaviour among the elderly, no studies have attempted to model and validate how Malaysian seniors save for retirement. |
| first_indexed | 2024-03-06T13:08:54Z |
| format | Article |
| id | UMPir38564 |
| institution | Universiti Malaysia Pahang |
| language | English |
| last_indexed | 2024-03-06T13:08:54Z |
| publishDate | 2023 |
| publisher | GBMR |
| record_format | dspace |
| spelling | UMPir385642023-09-08T07:22:54Z http://umpir.ump.edu.my/id/eprint/38564/ The Cognitive Determinants of Financial Planning for Retirement Mohd Nur Fadzly, Basar Noraina Mazuin, Sapuan HD28 Management. Industrial Management HG Finance Purpose: To determine the cognitive factors that influence the financial knowledge of the individual in preparing for retirement. Design/methodology/approach: This is a conceptual paper and a systematic review is used as the methodology. Findings: The findings of this study suggest that the cognitive dimension can become a component of a larger model in terms of the development of an elderly's financial well-being during retirement. At the end of this conceptual research, a model will be proposed for further research in the future. Research limitations/implications: This study only focus on cognitive factors. Future studies can focus on other factors that relate to financial knowledge such as opportunity dimensions and readiness dimensions. Practical implications: Cognitive factors are important elements to measure the financial knowledge of individuals and their readiness for retirement preparedness. Originality/value: Even though there has been a significant amount of research on saving behaviour among the elderly, no studies have attempted to model and validate how Malaysian seniors save for retirement. GBMR 2023 Article PeerReviewed pdf en http://umpir.ump.edu.my/id/eprint/38564/1/The%20Cognitive%20Determinants%20of%20Financial%20Planning%20for%20Retirement.pdf Mohd Nur Fadzly, Basar and Noraina Mazuin, Sapuan (2023) The Cognitive Determinants of Financial Planning for Retirement. Global Business and Management Research: An International Journal, 15 (2s). pp. 158-168. ISSN 1947-5667. (Published) http://www.gbmrjournal.com/pdf/v15n2s/V15N2s-12.pdf |
| spellingShingle | HD28 Management. Industrial Management HG Finance Mohd Nur Fadzly, Basar Noraina Mazuin, Sapuan The Cognitive Determinants of Financial Planning for Retirement |
| title | The Cognitive Determinants of Financial Planning for Retirement |
| title_full | The Cognitive Determinants of Financial Planning for Retirement |
| title_fullStr | The Cognitive Determinants of Financial Planning for Retirement |
| title_full_unstemmed | The Cognitive Determinants of Financial Planning for Retirement |
| title_short | The Cognitive Determinants of Financial Planning for Retirement |
| title_sort | cognitive determinants of financial planning for retirement |
| topic | HD28 Management. Industrial Management HG Finance |
| url | http://umpir.ump.edu.my/id/eprint/38564/1/The%20Cognitive%20Determinants%20of%20Financial%20Planning%20for%20Retirement.pdf |
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