Validity and reliability of Malay version financial well-being scale among Malaysian employees
Financial well-being is perceived as one of the important parameters in measuring a person’s socio-economic status as well as his or her financial situation. While many measures are developed in the West to assess the financial well-being of an individual, a valid and reliable Malay translated scale...
| Main Authors: | , , , , , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Penerbit Universiti Kebangsaan Malaysia
2018
|
| Online Access: | http://journalarticle.ukm.my/12834/ http://journalarticle.ukm.my/12834/1/18966-81006-1-PB.pdf |
| _version_ | 1848813109035139072 |
|---|---|
| author | Mohammad Rahim Kamaluddin, Rohany Nasir, Wan Shahrazad Wan Sulaiman, Sarah Waheeda Muhammad Hafidz, Janetter Marcial@Nur Atiqah Abdullah, Rozainee Khairudin, Zainah Ahmad Zamani, |
| author_facet | Mohammad Rahim Kamaluddin, Rohany Nasir, Wan Shahrazad Wan Sulaiman, Sarah Waheeda Muhammad Hafidz, Janetter Marcial@Nur Atiqah Abdullah, Rozainee Khairudin, Zainah Ahmad Zamani, |
| author_sort | Mohammad Rahim Kamaluddin, |
| building | UKM Institutional Repository |
| collection | Online Access |
| description | Financial well-being is perceived as one of the important parameters in measuring a person’s socio-economic status as well as his or her financial situation. While many measures are developed in the West to assess the financial well-being of an individual, a valid and reliable Malay translated scale is still lacking to measure Malaysians’ status of financial well-being. With that in mind, this study aimed to validate Financial Well-being Scale in Malay language (henceforth, FWS-M) among a sample of adult Malaysian employees. The present study commenced with Forward-Backward translations and subsequently subjected to various validation phases: face, content and construct validity. A total of 600 Malaysian employees aged 20 years and above were recruited for the purpose of construct and factorial validations using a random sampling method. The data was analysed using Exploratory Factor Analysis while Cronbach’s Alpha method was employed to identify internal consistency of the scale. The inter-item correlation between items were also ascertained using a Pearson Correlation Coefficient method. The results showed FWS-M is a unidimensional scale with the factor loading ranged between 0.62 and 0.88. Meanwhile, the reliability analysis of this scale revealed a Cronbach’s Alpha coefficient of 0.92, indicating promising internal consistency of the items. The inter-item correlation among items in FWS-M ranged between 0.37 and 0.79. FWS-M is concluded as a valid and reliable unidimensional instrument to assess financial well-being among Malaysians employees. |
| first_indexed | 2025-11-15T00:12:57Z |
| format | Article |
| id | oai:generic.eprints.org:12834 |
| institution | Universiti Kebangasaan Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-15T00:12:57Z |
| publishDate | 2018 |
| publisher | Penerbit Universiti Kebangsaan Malaysia |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | oai:generic.eprints.org:128342019-04-25T20:39:22Z http://journalarticle.ukm.my/12834/ Validity and reliability of Malay version financial well-being scale among Malaysian employees Mohammad Rahim Kamaluddin, Rohany Nasir, Wan Shahrazad Wan Sulaiman, Sarah Waheeda Muhammad Hafidz, Janetter Marcial@Nur Atiqah Abdullah, Rozainee Khairudin, Zainah Ahmad Zamani, Financial well-being is perceived as one of the important parameters in measuring a person’s socio-economic status as well as his or her financial situation. While many measures are developed in the West to assess the financial well-being of an individual, a valid and reliable Malay translated scale is still lacking to measure Malaysians’ status of financial well-being. With that in mind, this study aimed to validate Financial Well-being Scale in Malay language (henceforth, FWS-M) among a sample of adult Malaysian employees. The present study commenced with Forward-Backward translations and subsequently subjected to various validation phases: face, content and construct validity. A total of 600 Malaysian employees aged 20 years and above were recruited for the purpose of construct and factorial validations using a random sampling method. The data was analysed using Exploratory Factor Analysis while Cronbach’s Alpha method was employed to identify internal consistency of the scale. The inter-item correlation between items were also ascertained using a Pearson Correlation Coefficient method. The results showed FWS-M is a unidimensional scale with the factor loading ranged between 0.62 and 0.88. Meanwhile, the reliability analysis of this scale revealed a Cronbach’s Alpha coefficient of 0.92, indicating promising internal consistency of the items. The inter-item correlation among items in FWS-M ranged between 0.37 and 0.79. FWS-M is concluded as a valid and reliable unidimensional instrument to assess financial well-being among Malaysians employees. Penerbit Universiti Kebangsaan Malaysia 2018 Article PeerReviewed application/pdf en http://journalarticle.ukm.my/12834/1/18966-81006-1-PB.pdf Mohammad Rahim Kamaluddin, and Rohany Nasir, and Wan Shahrazad Wan Sulaiman, and Sarah Waheeda Muhammad Hafidz, and Janetter Marcial@Nur Atiqah Abdullah, and Rozainee Khairudin, and Zainah Ahmad Zamani, (2018) Validity and reliability of Malay version financial well-being scale among Malaysian employees. AKADEMIKA, 88 (2). pp. 109-120. ISSN 0126-5008 http://ejournal.ukm.my/akademika/issue/view/1064 |
| spellingShingle | Mohammad Rahim Kamaluddin, Rohany Nasir, Wan Shahrazad Wan Sulaiman, Sarah Waheeda Muhammad Hafidz, Janetter Marcial@Nur Atiqah Abdullah, Rozainee Khairudin, Zainah Ahmad Zamani, Validity and reliability of Malay version financial well-being scale among Malaysian employees |
| title | Validity and reliability of Malay version financial well-being scale among Malaysian employees |
| title_full | Validity and reliability of Malay version financial well-being scale among Malaysian employees |
| title_fullStr | Validity and reliability of Malay version financial well-being scale among Malaysian employees |
| title_full_unstemmed | Validity and reliability of Malay version financial well-being scale among Malaysian employees |
| title_short | Validity and reliability of Malay version financial well-being scale among Malaysian employees |
| title_sort | validity and reliability of malay version financial well-being scale among malaysian employees |
| url | http://journalarticle.ukm.my/12834/ http://journalarticle.ukm.my/12834/ http://journalarticle.ukm.my/12834/1/18966-81006-1-PB.pdf |