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Factors contributing to financial stability of urban and rural families

Personality and behavioural aspects may shape the perception on the financial stability of families. Depending on their residential areas, factors contributing to their financial stability might differ. This study attempted to determine factors that have impacts on the financial stability of urban a...

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Main Authors: Abdul Rahim @ Abdul Wahab, Husniyah, Abdul Samad, M. Fazilah
Format: Article
Language:English
Published: Universiti Putra Malaysia Press 2011
Online Access:http://psasir.upm.edu.my/id/eprint/40610/1/Factors%20Contributing%20to%20Financial%20Stability%20of%20Urban%20and%20.pdf
http://psasir.upm.edu.my/id/eprint/40610/
http://www.pertanika.upm.edu.my/Pertanika%20PAPERS/JSSH%20Vol.%2019%20(1)%20Mar.%202011/%2312%20Pg%2099-112.pdf
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spelling my.upm.eprints.406102015-10-21T06:59:36Z http://psasir.upm.edu.my/id/eprint/40610/ Factors contributing to financial stability of urban and rural families Abdul Rahim @ Abdul Wahab, Husniyah Abdul Samad, M. Fazilah Personality and behavioural aspects may shape the perception on the financial stability of families. Depending on their residential areas, factors contributing to their financial stability might differ. This study attempted to determine factors that have impacts on the financial stability of urban and rural families in Malaysia. Micro-data were obtained through questionnaire form and self-administered by the family financial manager. A ratio of 60 to 40 for the urban and rural areas was used in the quota sampling resulting in responses from 800 family financial managers in Peninsular Malaysia. Meanwhile, the results of binary logistic regression on the separate samples of urban and rural residences revealed significant factors. Financial risk tolerance, future time orientation, self-worth, household income, and cash-flow activities were significantly predictive of perceived financial stability. For urban families, financial risk tolerance, future time orientation and self-worth were less likely to predict financial stability. Household income was positively predicting financial stability of rural families. Budgeting aspect of cash-flow positively influenced financial stability of urban families and record-keeping was positively significant in predicting the financial stability of rural families. Thus, urban and rural families differ in terms of the factors which predict families’ financial stability. Being informed about the factors contributing to financial well-being for the urban and rural families was found to result in better achieving the goals of financial education programme. Universiti Putra Malaysia Press 2011-03 Article PeerReviewed application/pdf en http://psasir.upm.edu.my/id/eprint/40610/1/Factors%20Contributing%20to%20Financial%20Stability%20of%20Urban%20and%20.pdf Abdul Rahim @ Abdul Wahab, Husniyah and Abdul Samad, M. Fazilah (2011) Factors contributing to financial stability of urban and rural families. Pertanika Journal of Social Sciences & Humanities, 19 (1). pp. 99-112. ISSN 0128-7702; ESSN: 2231-8534 http://www.pertanika.upm.edu.my/Pertanika%20PAPERS/JSSH%20Vol.%2019%20(1)%20Mar.%202011/%2312%20Pg%2099-112.pdf
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 Personality and behavioural aspects may shape the perception on the financial stability of families. Depending on their residential areas, factors contributing to their financial stability might differ. This study attempted to determine factors that have impacts on the financial stability of urban and rural families in Malaysia. Micro-data were obtained through questionnaire form and self-administered by the family financial manager. A ratio of 60 to 40 for the urban and rural areas was used in the quota sampling resulting in responses from 800 family financial managers in Peninsular Malaysia. Meanwhile, the results of binary logistic regression on the separate samples of urban and rural residences revealed significant factors. Financial risk tolerance, future time orientation, self-worth, household income, and cash-flow activities were significantly predictive of perceived financial stability. For urban families, financial risk tolerance, future time orientation and self-worth were less likely to predict financial stability. Household income was positively predicting financial stability of rural families. Budgeting aspect of cash-flow positively influenced financial stability of urban families and record-keeping was positively significant in predicting the financial stability of rural families. Thus, urban and rural families differ in terms of the factors which predict families’ financial stability. Being informed about the factors contributing to financial well-being for the urban and rural families was found to result in better achieving the goals of financial education programme.
format Article
author Abdul Rahim @ Abdul Wahab, Husniyah
Abdul Samad, M. Fazilah
spellingShingle Abdul Rahim @ Abdul Wahab, Husniyah
Abdul Samad, M. Fazilah
Factors contributing to financial stability of urban and rural families
author_facet Abdul Rahim @ Abdul Wahab, Husniyah
Abdul Samad, M. Fazilah
author_sort Abdul Rahim @ Abdul Wahab, Husniyah
title Factors contributing to financial stability of urban and rural families
title_short Factors contributing to financial stability of urban and rural families
title_full Factors contributing to financial stability of urban and rural families
title_fullStr Factors contributing to financial stability of urban and rural families
title_full_unstemmed Factors contributing to financial stability of urban and rural families
title_sort factors contributing to financial stability of urban and rural families
publisher Universiti Putra Malaysia Press
publishDate 2011
url http://psasir.upm.edu.my/id/eprint/40610/1/Factors%20Contributing%20to%20Financial%20Stability%20of%20Urban%20and%20.pdf
http://psasir.upm.edu.my/id/eprint/40610/
http://www.pertanika.upm.edu.my/Pertanika%20PAPERS/JSSH%20Vol.%2019%20(1)%20Mar.%202011/%2312%20Pg%2099-112.pdf
_version_ 1643832765522640896
score 13.211869

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