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Financial practices and physical health influencing financial health of Malaysian employees

Individuals make financial decisions throughout their working days to be financially well. Physical health and financial health of individual may be interrelated and determined the choice of financial practices that they performed. This study aimed to identify the interrelation between financial pra...

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Main Authors: Abdul Rahim @ Abdul Wahab, Husniyah, Sabri, Mohamad Fazli, S., Norhasmah, Othman, Mohd Amim, S., Norhafifah, Mat Rahim, Fatin Farwizah
Format: Article
Language:English
Published: Malaysian Consumer and Family Economics Association 2017
Online Access:http://psasir.upm.edu.my/id/eprint/14005/1/Financial%20practices%20and%20physical%20health%20influencing%20financial%20health%20of%20Malaysian%20employees.pdf
http://psasir.upm.edu.my/id/eprint/14005/
http://www.majcafe.com/2018/07/30/vol-20-2017-edition-2/
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spelling my.upm.eprints.140052018-09-04T07:57:41Z http://psasir.upm.edu.my/id/eprint/14005/ Financial practices and physical health influencing financial health of Malaysian employees Abdul Rahim @ Abdul Wahab, Husniyah Sabri, Mohamad Fazli S., Norhasmah Othman, Mohd Amim S., Norhafifah Mat Rahim, Fatin Farwizah Individuals make financial decisions throughout their working days to be financially well. Physical health and financial health of individual may be interrelated and determined the choice of financial practices that they performed. This study aimed to identify the interrelation between financial practices, physical health and financial health of employees. Important factors affecting financial health of employees are also identified. Prior to these, the employees’ levels of financial practices, health risks and financial health were determined. Four states selected from four zones in Peninsular Malaysia were sampled via multistage random sampling to obtain a target of 500 respondents. Selected agencies in those states were contacted to appoint liason officers who facilitated the data collection processes. Self-administered questionnaires distributed through them resulted in only 356 usable questionnaires. Findings revealed that among the financial practices, only investment was found to be not significantly correlated with financial health, however the regression results revealed that only savings was found to be influencing financial health. This reflected that other financial practices were not as important as savings to the financial health. Health risks were prevalent from the physical and mental measures of health with PCS and MCS slightly below the border of 50 while financial health was slightly above the midpoint of its scale. Older employees with higher income were revealed to have better financial health as compared to younger and lower income employees. Furthermore, only physical measure of health significantly influenced financial health but not mental health. As majority of these employees were young, the health risks may pose a risk on their job productivity and the impact on the quality of public services. Thus, it is critical for the government to forsee these health risks and financial health situation of their employees to ensure better outcomes for the public and country. Malaysian Consumer and Family Economics Association 2017 Article PeerReviewed text en http://psasir.upm.edu.my/id/eprint/14005/1/Financial%20practices%20and%20physical%20health%20influencing%20financial%20health%20of%20Malaysian%20employees.pdf Abdul Rahim @ Abdul Wahab, Husniyah and Sabri, Mohamad Fazli and S., Norhasmah and Othman, Mohd Amim and S., Norhafifah and Mat Rahim, Fatin Farwizah (2017) Financial practices and physical health influencing financial health of Malaysian employees. Malaysian Journal of Consumer and Family Economics, 20 (spec.2). pp. 1-20. ISSN 1511-2802 http://www.majcafe.com/2018/07/30/vol-20-2017-edition-2/
institution Universiti Putra Malaysia
building UPM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Putra Malaysia
content_source UPM Institutional Repository
url_provider http://psasir.upm.edu.my/
language English
description Individuals make financial decisions throughout their working days to be financially well. Physical health and financial health of individual may be interrelated and determined the choice of financial practices that they performed. This study aimed to identify the interrelation between financial practices, physical health and financial health of employees. Important factors affecting financial health of employees are also identified. Prior to these, the employees’ levels of financial practices, health risks and financial health were determined. Four states selected from four zones in Peninsular Malaysia were sampled via multistage random sampling to obtain a target of 500 respondents. Selected agencies in those states were contacted to appoint liason officers who facilitated the data collection processes. Self-administered questionnaires distributed through them resulted in only 356 usable questionnaires. Findings revealed that among the financial practices, only investment was found to be not significantly correlated with financial health, however the regression results revealed that only savings was found to be influencing financial health. This reflected that other financial practices were not as important as savings to the financial health. Health risks were prevalent from the physical and mental measures of health with PCS and MCS slightly below the border of 50 while financial health was slightly above the midpoint of its scale. Older employees with higher income were revealed to have better financial health as compared to younger and lower income employees. Furthermore, only physical measure of health significantly influenced financial health but not mental health. As majority of these employees were young, the health risks may pose a risk on their job productivity and the impact on the quality of public services. Thus, it is critical for the government to forsee these health risks and financial health situation of their employees to ensure better outcomes for the public and country.
format Article
author Abdul Rahim @ Abdul Wahab, Husniyah
Sabri, Mohamad Fazli
S., Norhasmah
Othman, Mohd Amim
S., Norhafifah
Mat Rahim, Fatin Farwizah
spellingShingle Abdul Rahim @ Abdul Wahab, Husniyah
Sabri, Mohamad Fazli
S., Norhasmah
Othman, Mohd Amim
S., Norhafifah
Mat Rahim, Fatin Farwizah
Financial practices and physical health influencing financial health of Malaysian employees
author_facet Abdul Rahim @ Abdul Wahab, Husniyah
Sabri, Mohamad Fazli
S., Norhasmah
Othman, Mohd Amim
S., Norhafifah
Mat Rahim, Fatin Farwizah
author_sort Abdul Rahim @ Abdul Wahab, Husniyah
title Financial practices and physical health influencing financial health of Malaysian employees
title_short Financial practices and physical health influencing financial health of Malaysian employees
title_full Financial practices and physical health influencing financial health of Malaysian employees
title_fullStr Financial practices and physical health influencing financial health of Malaysian employees
title_full_unstemmed Financial practices and physical health influencing financial health of Malaysian employees
title_sort financial practices and physical health influencing financial health of malaysian employees
publisher Malaysian Consumer and Family Economics Association
publishDate 2017
url http://psasir.upm.edu.my/id/eprint/14005/1/Financial%20practices%20and%20physical%20health%20influencing%20financial%20health%20of%20Malaysian%20employees.pdf
http://psasir.upm.edu.my/id/eprint/14005/
http://www.majcafe.com/2018/07/30/vol-20-2017-edition-2/
_version_ 1643825501999988736
score 13.211869

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