Exploring factors influencing financial planning after retirement: structural equation modeling approach
The study explores the critical factors that influence financial planning after retirement among Malaysians, an area which has somewhat been largely overlooked by the extant literature. The study has used a quantitative method to survey a sample of 170 Malaysian citizens, from various places in the...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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Science Publications
2013
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| Subjects: | |
| Online Access: | http://irep.iium.edu.my/30149/1/AJAS__Article_PublicationPDF.pdf |
| _version_ | 1796878015584534528 |
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| author | Jalil, Md. Abdul Abdul Razak, Dzuljastri Azam, Ferdous |
| author_facet | Jalil, Md. Abdul Abdul Razak, Dzuljastri Azam, Ferdous |
| author_sort | Jalil, Md. Abdul |
| collection | IIUM |
| description | The study explores the critical factors that influence financial planning after retirement among Malaysians, an area which has somewhat been largely overlooked by the extant literature. The study has used a quantitative method to survey a sample of 170 Malaysian citizens, from various places in the Klang Valley area. Exploratory factor analysis, confirmatory factor analysis and structural equation modeling were used to analyze the data. The results suggest that the paths are interrelated to the casual processes significantly. Furthermore, individual’s income or monthly salary is found to be the most important factor influencing financial planning, followed by attitude and culture. The results are mainly favourable to academics and practitioners in Malaysia by contributing an understanding into critical factors that influence people to make financial plan before their retirement. The study provides implications of the findings in the concluding section. |
| first_indexed | 2024-03-05T23:15:33Z |
| format | Article |
| id | oai:generic.eprints.org:30149 |
| institution | International Islamic University Malaysia |
| language | English |
| last_indexed | 2024-03-05T23:15:33Z |
| publishDate | 2013 |
| publisher | Science Publications |
| record_format | dspace |
| spelling | oai:generic.eprints.org:301492019-05-19T06:36:06Z http://irep.iium.edu.my/30149/ Exploring factors influencing financial planning after retirement: structural equation modeling approach Jalil, Md. Abdul Abdul Razak, Dzuljastri Azam, Ferdous HG179 Personal finance The study explores the critical factors that influence financial planning after retirement among Malaysians, an area which has somewhat been largely overlooked by the extant literature. The study has used a quantitative method to survey a sample of 170 Malaysian citizens, from various places in the Klang Valley area. Exploratory factor analysis, confirmatory factor analysis and structural equation modeling were used to analyze the data. The results suggest that the paths are interrelated to the casual processes significantly. Furthermore, individual’s income or monthly salary is found to be the most important factor influencing financial planning, followed by attitude and culture. The results are mainly favourable to academics and practitioners in Malaysia by contributing an understanding into critical factors that influence people to make financial plan before their retirement. The study provides implications of the findings in the concluding section. Science Publications 2013-04 Article PeerReviewed application/pdf en http://irep.iium.edu.my/30149/1/AJAS__Article_PublicationPDF.pdf Jalil, Md. Abdul and Abdul Razak, Dzuljastri and Azam, Ferdous (2013) Exploring factors influencing financial planning after retirement: structural equation modeling approach. American Journal of Applied Sciences , 10 (3). pp. 270-279. ISSN 1546-9239 E-ISSN 1554-3641 |
| spellingShingle | HG179 Personal finance Jalil, Md. Abdul Abdul Razak, Dzuljastri Azam, Ferdous Exploring factors influencing financial planning after retirement: structural equation modeling approach |
| title | Exploring factors influencing financial planning after retirement: structural equation modeling approach |
| title_full | Exploring factors influencing financial planning after retirement: structural equation modeling approach |
| title_fullStr | Exploring factors influencing financial planning after retirement: structural equation modeling approach |
| title_full_unstemmed | Exploring factors influencing financial planning after retirement: structural equation modeling approach |
| title_short | Exploring factors influencing financial planning after retirement: structural equation modeling approach |
| title_sort | exploring factors influencing financial planning after retirement structural equation modeling approach |
| topic | HG179 Personal finance |
| url | http://irep.iium.edu.my/30149/1/AJAS__Article_PublicationPDF.pdf |
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