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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...

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Main Authors: Nelson Lajuni, Imbarine Bujang, Abdul Aziz Karia, Yusman Yacob
Format: Article
Language:English
English
Published: 2018
Subjects:
HG Finance
Online Access:https://eprints.ums.edu.my/id/eprint/21915/1/Religiosity%2C%20Financial%20Knowledge%2C%20and%20Financial%20Behavior%20Influence%20on%20Personal%20Financial%20Distress%20among%20Millennial%20Generation.pdf
https://eprints.ums.edu.my/id/eprint/21915/7/Religiosity%20financial%20knowledge%20and%20financial%20behavior%20influence%20on%20personal%20financial%20distress%20among%20millennial%20generation.pdf
https://eprints.ums.edu.my/id/eprint/21915/
https://doi.org/10.9744/jmk.20.2.92-98
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spelling my.ums.eprints.219152020-04-19T15:26:02Z https://eprints.ums.edu.my/id/eprint/21915/ Religiosity, financial knowledge, and financial behavior influence on personal financial distress among millennial generation Nelson Lajuni Imbarine Bujang Abdul Aziz Karia Yusman Yacob HG Finance 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. 2018 Article PeerReviewed text en https://eprints.ums.edu.my/id/eprint/21915/1/Religiosity%2C%20Financial%20Knowledge%2C%20and%20Financial%20Behavior%20Influence%20on%20Personal%20Financial%20Distress%20among%20Millennial%20Generation.pdf text en https://eprints.ums.edu.my/id/eprint/21915/7/Religiosity%20financial%20knowledge%20and%20financial%20behavior%20influence%20on%20personal%20financial%20distress%20among%20millennial%20generation.pdf Nelson Lajuni and Imbarine Bujang and Abdul Aziz Karia and Yusman Yacob (2018) Religiosity, financial knowledge, and financial behavior influence on personal financial distress among millennial generation. Jurnal Manajemen dan Kewirausahaan, 20 (2). pp. 92-98. ISSN 2338-8234 https://doi.org/10.9744/jmk.20.2.92-98
institution Universiti Malaysia Sabah
building UMS Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Malaysia Sabah
content_source UMS Institutional Repository
url_provider http://eprints.ums.edu.my/
language English
English
topic HG Finance
spellingShingle HG Finance
Nelson Lajuni
Imbarine Bujang
Abdul Aziz Karia
Yusman Yacob
Religiosity, financial knowledge, and financial behavior influence on personal financial distress among millennial generation
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.
format Article
author Nelson Lajuni
Imbarine Bujang
Abdul Aziz Karia
Yusman Yacob
author_facet Nelson Lajuni
Imbarine Bujang
Abdul Aziz Karia
Yusman Yacob
author_sort Nelson Lajuni
title 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_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_sort religiosity, financial knowledge, and financial behavior influence on personal financial distress among millennial generation
publishDate 2018
url https://eprints.ums.edu.my/id/eprint/21915/1/Religiosity%2C%20Financial%20Knowledge%2C%20and%20Financial%20Behavior%20Influence%20on%20Personal%20Financial%20Distress%20among%20Millennial%20Generation.pdf
https://eprints.ums.edu.my/id/eprint/21915/7/Religiosity%20financial%20knowledge%20and%20financial%20behavior%20influence%20on%20personal%20financial%20distress%20among%20millennial%20generation.pdf
https://eprints.ums.edu.my/id/eprint/21915/
https://doi.org/10.9744/jmk.20.2.92-98
_version_ 1760229902800388096
score 13.211869

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