RELIGIOSITY, FINANCIAL KNOWLEDGE, AND FINANCIAL BEHAVIOR INFLUENCE ON PERSONAL FINANCIAL DISTRESS AMONG MILLENNIAL GENERATION
This study attempts to examine the personal financial distress among Malaysians millennial generation by scrutinizing religiosity, financial knowledge, and financial behavior as the influencing antecedents. The study adopted social learning theory (SLT) to underpin and explain the conceptual framewo...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
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Petra Christian University
2018-09-01
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| Series: | Jurnal Manajemen dan Wirausaha |
| Subjects: | |
| Online Access: | http://puslit2.petra.ac.id/ejournal/index.php/man/article/view/21102 |
| _version_ | 1818508089944440832 |
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| author | Nelson Lajuni Imbarine Bujang Abd. Aziz Karia Yusman Yacob |
| author_facet | Nelson Lajuni Imbarine Bujang Abd. Aziz Karia Yusman Yacob |
| author_sort | Nelson Lajuni |
| collection | DOAJ |
| description | This study attempts to examine the personal financial distress among Malaysians millennial generation by scrutinizing religiosity, financial knowledge, and financial behavior as the influencing antecedents. The study adopted social learning theory (SLT) to underpin and explain the conceptual framework. The data were collected from millennial generations in Malaysia and analysed using Partial Least Squares Structural Equation Modelling. The findings suggest that all claimed hypotheses were partially supported. Implication and contribution of the study were later discussed to justify the significance of this research. The findings revealed that behavioral traits to have a stronger impact on the incidence of personal financial distress than religiosity or financial knowledge. The results suggested the government should implement policy that could be oriented towards improving the financial habits and mitigating the impact of behavioral characteristics on personal finances |
| first_indexed | 2024-12-10T22:27:00Z |
| format | Article |
| id | doaj.art-3fb82feafc4740f4bf8a209bb2e10659 |
| institution | Directory Open Access Journal |
| issn | 1411-1438 |
| language | English |
| last_indexed | 2024-12-10T22:27:00Z |
| publishDate | 2018-09-01 |
| publisher | Petra Christian University |
| record_format | Article |
| series | Jurnal Manajemen dan Wirausaha |
| spelling | doaj.art-3fb82feafc4740f4bf8a209bb2e106592022-12-22T01:31:08ZengPetra Christian UniversityJurnal Manajemen dan Wirausaha1411-14382018-09-0120292–98RELIGIOSITY, FINANCIAL KNOWLEDGE, AND FINANCIAL BEHAVIOR INFLUENCE ON PERSONAL FINANCIAL DISTRESS AMONG MILLENNIAL GENERATIONNelson Lajuni0Imbarine Bujang1Abd. Aziz Karia2Yusman Yacob3 Faculty of Business, Economics and Accountancy, Universiti Malaysia Sabah, Malaysia Faculty of Business, Economics and Accountancy, Universiti Malaysia Sabah, Malaysia Faculty of Business, Economics and Accountancy, Universiti Malaysia Sabah, Malaysia Faculty of Business, Economics and Accountancy, Universiti Malaysia Sabah, Malaysia This study attempts to examine the personal financial distress among Malaysians millennial generation by scrutinizing religiosity, financial knowledge, and financial behavior as the influencing antecedents. The study adopted social learning theory (SLT) to underpin and explain the conceptual framework. The data were collected from millennial generations in Malaysia and analysed using Partial Least Squares Structural Equation Modelling. The findings suggest that all claimed hypotheses were partially supported. Implication and contribution of the study were later discussed to justify the significance of this research. The findings revealed that behavioral traits to have a stronger impact on the incidence of personal financial distress than religiosity or financial knowledge. The results suggested the government should implement policy that could be oriented towards improving the financial habits and mitigating the impact of behavioral characteristics on personal financeshttp://puslit2.petra.ac.id/ejournal/index.php/man/article/view/21102Social learning theoryreligiosityfinancial knowledgefinancial behaviorfinancial distress |
| spellingShingle | Nelson Lajuni Imbarine Bujang Abd. Aziz Karia Yusman Yacob RELIGIOSITY, FINANCIAL KNOWLEDGE, AND FINANCIAL BEHAVIOR INFLUENCE ON PERSONAL FINANCIAL DISTRESS AMONG MILLENNIAL GENERATION Jurnal Manajemen dan Wirausaha Social learning theory religiosity financial knowledge financial behavior financial distress |
| title | RELIGIOSITY, FINANCIAL KNOWLEDGE, AND FINANCIAL BEHAVIOR INFLUENCE ON PERSONAL FINANCIAL DISTRESS AMONG MILLENNIAL GENERATION |
| title_full | RELIGIOSITY, FINANCIAL KNOWLEDGE, AND FINANCIAL BEHAVIOR INFLUENCE ON PERSONAL FINANCIAL DISTRESS AMONG MILLENNIAL GENERATION |
| title_fullStr | RELIGIOSITY, FINANCIAL KNOWLEDGE, AND FINANCIAL BEHAVIOR INFLUENCE ON PERSONAL FINANCIAL DISTRESS AMONG MILLENNIAL GENERATION |
| title_full_unstemmed | RELIGIOSITY, FINANCIAL KNOWLEDGE, AND FINANCIAL BEHAVIOR INFLUENCE ON PERSONAL FINANCIAL DISTRESS AMONG MILLENNIAL GENERATION |
| title_short | RELIGIOSITY, FINANCIAL KNOWLEDGE, AND FINANCIAL BEHAVIOR INFLUENCE ON PERSONAL FINANCIAL DISTRESS AMONG MILLENNIAL GENERATION |
| title_sort | religiosity financial knowledge and financial behavior influence on personal financial distress among millennial generation |
| topic | Social learning theory religiosity financial knowledge financial behavior financial distress |
| url | http://puslit2.petra.ac.id/ejournal/index.php/man/article/view/21102 |
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