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Examining the behavioural intention to save in a voluntary retirement fund in Malaysia

This study utilised the Decomposed Theory of Planned Behaviour (DTPB) to examine the intention to save in voluntary retirement funds in Malaysia. Three hundred and thirty-four (n=334) usable samples were obtained via a purposive multistage cluster sampling technique. The data was analysed to assess...

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Main Authors: Yusof, Radduan, Sabri, Mohamad Fazli, Abd. Rahim @ Abd. Wahab, Husniyah, Md Jusoh, Zuroni
Format: Article
Language:English
Published: Malaysian Consumer and Family Economics Association 2018
Online Access:http://psasir.upm.edu.my/id/eprint/72655/1/Examining%20the%20behavioural%20intention%20to%20save%20in%20a%20voluntary%20retirement%20fund%20in%20Malaysia.pdf
http://psasir.upm.edu.my/id/eprint/72655/
http://www.majcafe.com/2019/06/27/vol-21-2018/
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spelling my.upm.eprints.726552020-11-23T06:59:46Z http://psasir.upm.edu.my/id/eprint/72655/ Examining the behavioural intention to save in a voluntary retirement fund in Malaysia Yusof, Radduan Sabri, Mohamad Fazli Abd. Rahim @ Abd. Wahab, Husniyah Md Jusoh, Zuroni This study utilised the Decomposed Theory of Planned Behaviour (DTPB) to examine the intention to save in voluntary retirement funds in Malaysia. Three hundred and thirty-four (n=334) usable samples were obtained via a purposive multistage cluster sampling technique. The data was analysed to assess the determinants predicted by the DTPB through structural equation modelling using the PLS-SEM. The results revealed that attitude, subjective norms, and perceived behavioural controls have significant effects on a person‟s intention to save in a voluntary retirement fund, albeit to a varying degree. The path analysis indicated perceived behavioural controls as the strongest predictor, followed by attitude and subjective norms. These three constructs explain 58% of the variance in the intention to save in a voluntary fund. When the model in this study further analysed the antecedents of attitude, it found that the relative advantages positively influenced attitude, compatibility had a negative influence, and complexity had no significant value. With regards to subjective norms, both external and internal norms significantly influenced the construct. Finally, both self-efficacy and facilitating conditions had significant effects towards perceived behavioural controls. Predicting a person‟s intention to save in a voluntary retirement fund is an important issue and the findings of this study would have practical implications on policy makers and commercial marketers alike, as it would help to encourage retirement savings through voluntary funds to prevent financial insufficiency in the golden age. Malaysian Consumer and Family Economics Association 2018 Article PeerReviewed text en http://psasir.upm.edu.my/id/eprint/72655/1/Examining%20the%20behavioural%20intention%20to%20save%20in%20a%20voluntary%20retirement%20fund%20in%20Malaysia.pdf Yusof, Radduan and Sabri, Mohamad Fazli and Abd. Rahim @ Abd. Wahab, Husniyah and Md Jusoh, Zuroni (2018) Examining the behavioural intention to save in a voluntary retirement fund in Malaysia. Malaysian Journal of Consumer and Family Economics, 21. 78 - 102. ISSN 1511-2802 http://www.majcafe.com/2019/06/27/vol-21-2018/
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 This study utilised the Decomposed Theory of Planned Behaviour (DTPB) to examine the intention to save in voluntary retirement funds in Malaysia. Three hundred and thirty-four (n=334) usable samples were obtained via a purposive multistage cluster sampling technique. The data was analysed to assess the determinants predicted by the DTPB through structural equation modelling using the PLS-SEM. The results revealed that attitude, subjective norms, and perceived behavioural controls have significant effects on a person‟s intention to save in a voluntary retirement fund, albeit to a varying degree. The path analysis indicated perceived behavioural controls as the strongest predictor, followed by attitude and subjective norms. These three constructs explain 58% of the variance in the intention to save in a voluntary fund. When the model in this study further analysed the antecedents of attitude, it found that the relative advantages positively influenced attitude, compatibility had a negative influence, and complexity had no significant value. With regards to subjective norms, both external and internal norms significantly influenced the construct. Finally, both self-efficacy and facilitating conditions had significant effects towards perceived behavioural controls. Predicting a person‟s intention to save in a voluntary retirement fund is an important issue and the findings of this study would have practical implications on policy makers and commercial marketers alike, as it would help to encourage retirement savings through voluntary funds to prevent financial insufficiency in the golden age.
format Article
author Yusof, Radduan
Sabri, Mohamad Fazli
Abd. Rahim @ Abd. Wahab, Husniyah
Md Jusoh, Zuroni
spellingShingle Yusof, Radduan
Sabri, Mohamad Fazli
Abd. Rahim @ Abd. Wahab, Husniyah
Md Jusoh, Zuroni
Examining the behavioural intention to save in a voluntary retirement fund in Malaysia
author_facet Yusof, Radduan
Sabri, Mohamad Fazli
Abd. Rahim @ Abd. Wahab, Husniyah
Md Jusoh, Zuroni
author_sort Yusof, Radduan
title Examining the behavioural intention to save in a voluntary retirement fund in Malaysia
title_short Examining the behavioural intention to save in a voluntary retirement fund in Malaysia
title_full Examining the behavioural intention to save in a voluntary retirement fund in Malaysia
title_fullStr Examining the behavioural intention to save in a voluntary retirement fund in Malaysia
title_full_unstemmed Examining the behavioural intention to save in a voluntary retirement fund in Malaysia
title_sort examining the behavioural intention to save in a voluntary retirement fund in malaysia
publisher Malaysian Consumer and Family Economics Association
publishDate 2018
url http://psasir.upm.edu.my/id/eprint/72655/1/Examining%20the%20behavioural%20intention%20to%20save%20in%20a%20voluntary%20retirement%20fund%20in%20Malaysia.pdf
http://psasir.upm.edu.my/id/eprint/72655/
http://www.majcafe.com/2019/06/27/vol-21-2018/
_version_ 1684654746179207168
score 13.211869

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