Open AccessThe Savings Motives: With Special Reference to Households in Kalutara District, Sri Lanka
Author(s) -
Pivithuru Janak Kumarasinghe,
Sanjeevani Munasinghe
Publication year - 2017
Publication title -
asian journal of business and management
Language(s) - English
Resource type - Journals
ISSN - 2321-2802
DOI - 10.24203/ajbm.v5i2.4005
Subject(s) - bequest , sri lanka , economics , precautionary savings , business , socioeconomics , finance , political science , law , tanzania , market liquidity
The main purpose of this paper is to examine the most significant savings motive among households in Kalutara District. Data was collected through questionnaires by using hundred respondents. The factor analysis is explored to examine, what is the most significant savings motive among pre-determined savings motives of bequest, precautionary and life cycle. It has been identified the most significant savings motive of households in Kalutara district is the precautionary savings motive