Understanding the path toward family economic well-being of coconut growers
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 n...
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| Format: | Article |
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Human Resource Management Academic Research Society
2021
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| _version_ | 1825937366128263168 |
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| author | Wijekoon, Rusitha Sabri, Mohamad Fazli Ahmad, Nobaya Abd Rahim, Husniyah |
| author_facet | Wijekoon, Rusitha Sabri, Mohamad Fazli Ahmad, Nobaya Abd Rahim, Husniyah |
| author_sort | Wijekoon, Rusitha |
| collection | UPM |
| description | 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. |
| first_indexed | 2024-03-06T10:58:26Z |
| format | Article |
| id | upm.eprints-93480 |
| institution | Universiti Putra Malaysia |
| last_indexed | 2024-03-06T10:58:26Z |
| publishDate | 2021 |
| publisher | Human Resource Management Academic Research Society |
| record_format | dspace |
| spelling | upm.eprints-934802023-01-12T07:45:50Z http://psasir.upm.edu.my/id/eprint/93480/ Understanding the path toward family economic well-being of coconut growers Wijekoon, Rusitha Sabri, Mohamad Fazli Ahmad, Nobaya Abd Rahim, Husniyah 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. Human Resource Management Academic Research Society 2021-12-20 Article PeerReviewed 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 https://hrmars.com/index.php/IJARBSS/article/view/11740/Understanding-the-Path-Toward-Family-Economic-Well-Being-of-Coconut-Growers 10.6007/IJARBSS/v11-i19/11740 |
| spellingShingle | Wijekoon, Rusitha Sabri, Mohamad Fazli Ahmad, Nobaya Abd Rahim, Husniyah Understanding the path toward family economic well-being of coconut growers |
| title | Understanding the path toward family economic well-being of coconut growers |
| title_full | Understanding the path toward family economic well-being of coconut growers |
| title_fullStr | Understanding the path toward family economic well-being of coconut growers |
| title_full_unstemmed | Understanding the path toward family economic well-being of coconut growers |
| title_short | Understanding the path toward family economic well-being of coconut growers |
| title_sort | understanding the path toward family economic well being of coconut growers |
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