Cover Image

Students and money management behavior of a Malaysian public university

This study aims to investigate whether financial literacy, parental socialization, peer influence and self-control have a significant impact on money management among students of a Malaysian public university. In most settings, the studies on the determinants of personal saving behavior among univ...

Full description

Saved in:
Bibliographic Details
Main Authors: Zulfaris, Mohd Danial, Mustafa, Hasri, Mahussin, Norlida, Alam, Md. Kausar, Mat Daud, Zaidi
Format: Article
Published: Korea Distribution Science Association 2020
Online Access:http://psasir.upm.edu.my/id/eprint/85953/
https://www.jafeb.org/journal/viewFullTextArchive.do?&journalSeq=J000171
Tags: Add Tag
No Tags, Be the first to tag this record!
id my.upm.eprints.85953
record_format eprints
spelling my.upm.eprints.859532023-11-30T02:30:11Z http://psasir.upm.edu.my/id/eprint/85953/ Students and money management behavior of a Malaysian public university Zulfaris, Mohd Danial Mustafa, Hasri Mahussin, Norlida Alam, Md. Kausar Mat Daud, Zaidi This study aims to investigate whether financial literacy, parental socialization, peer influence and self-control have a significant impact on money management among students of a Malaysian public university. In most settings, the studies on the determinants of personal saving behavior among university students focus on personality factors, attitudes toward money and possessions, and financial knowledge as predictors of money management behavior. Primary data are collected using a self-administered questionnaire with the samples comprised 186 students. The findings show that all the financial literacy and parent socialization have a positive relationship with money management; meanwhile, peer influences and self-control have a negative relationship with money management. This is because the majority of students admit they cannot control their self in managing their money. In this study, parent socialization has a significant relationship with money management which signifies that parents are playing essential roles in ensuring their children to establish money management. In practical, this study can contribute to the parents in providing their children to foster sound money management. Besides, Perbadanan Tabung Pendidikan Tinggi Nasional (National Higher Education Fund Corporation) PTPTN should monitor the loan, and management process and arrange motivational program so that students can more focus on the educational expense. Korea Distribution Science Association 2020 Article PeerReviewed Zulfaris, Mohd Danial and Mustafa, Hasri and Mahussin, Norlida and Alam, Md. Kausar and Mat Daud, Zaidi (2020) Students and money management behavior of a Malaysian public university. Journal of Asian Finance, Economics and Business, 7 (3). 245 - 251. ISSN 2288-4637; ESSN: 2288-4645 https://www.jafeb.org/journal/viewFullTextArchive.do?&journalSeq=J000171 10.13106/jafeb.2020.vol7.no3.245
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/
description This study aims to investigate whether financial literacy, parental socialization, peer influence and self-control have a significant impact on money management among students of a Malaysian public university. In most settings, the studies on the determinants of personal saving behavior among university students focus on personality factors, attitudes toward money and possessions, and financial knowledge as predictors of money management behavior. Primary data are collected using a self-administered questionnaire with the samples comprised 186 students. The findings show that all the financial literacy and parent socialization have a positive relationship with money management; meanwhile, peer influences and self-control have a negative relationship with money management. This is because the majority of students admit they cannot control their self in managing their money. In this study, parent socialization has a significant relationship with money management which signifies that parents are playing essential roles in ensuring their children to establish money management. In practical, this study can contribute to the parents in providing their children to foster sound money management. Besides, Perbadanan Tabung Pendidikan Tinggi Nasional (National Higher Education Fund Corporation) PTPTN should monitor the loan, and management process and arrange motivational program so that students can more focus on the educational expense.
format Article
author Zulfaris, Mohd Danial
Mustafa, Hasri
Mahussin, Norlida
Alam, Md. Kausar
Mat Daud, Zaidi
spellingShingle Zulfaris, Mohd Danial
Mustafa, Hasri
Mahussin, Norlida
Alam, Md. Kausar
Mat Daud, Zaidi
Students and money management behavior of a Malaysian public university
author_facet Zulfaris, Mohd Danial
Mustafa, Hasri
Mahussin, Norlida
Alam, Md. Kausar
Mat Daud, Zaidi
author_sort Zulfaris, Mohd Danial
title Students and money management behavior of a Malaysian public university
title_short Students and money management behavior of a Malaysian public university
title_full Students and money management behavior of a Malaysian public university
title_fullStr Students and money management behavior of a Malaysian public university
title_full_unstemmed Students and money management behavior of a Malaysian public university
title_sort students and money management behavior of a malaysian public university
publisher Korea Distribution Science Association
publishDate 2020
url http://psasir.upm.edu.my/id/eprint/85953/
https://www.jafeb.org/journal/viewFullTextArchive.do?&journalSeq=J000171
_version_ 1784514912172638208
score 13.211869

Similar Items