Open AccessDetermining Drivers of Financial Management Behavior Among Working Adults In Malaysia
Author(s) -
Afiza Azura Mohamad Arshad,
Azlin Shafinaz Mohamad Arshad,
Zahariah Mohd Zin,
Arief Wibisono Lubis,
Putri Hajla Mohamed Haniffa
Publication year - 2021
Publication title -
advances in business research international journal
Language(s) - English
Resource type - Journals
eISSN - 2462-1838
pISSN - 2462-1455
DOI - 10.24191/abrij.v7i2.15007
Subject(s) - financial management , finance , business , locus of control , private sector , control (management) , government (linguistics) , theory of planned behavior , psychology , economics , economic growth , management , linguistics , philosophy , psychotherapist
Financial management behavior encompasses of four main fields such as saving, expenditure, borrowing and investment. The purpose of this paper is to determine the driver that influences financial management behavior among Malaysian working adults. A survey questionnaire was distributed to 300 Malaysian working adults in three sectors which are the government sector, private sector and self-employed using convenience sampling. A total of 273 responses were collected and deemed usable. The findings of the study found that financial knowledge and financial attitude have a significant and positive relationship to financial management behaviour among Malaysian working adults while the locus of control has a negative relationship with financial management behavior among Malaysian working adults. Recommendations are put forth at the end of the study.