Financial wellbeing of poor households: role of digital financial inclusion
This study aimed to examine determinants of financial wellbeing and the mediating effects of digital financial inclusion for poor households in Malaysian Borneo. A total of 405 responses were collected from the poor households in Sabah and Sarawak using a self-administered questionnaire. The data we...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Penerbit Universiti Kebangsaan Malaysia
2024
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| Online Access: | http://journalarticle.ukm.my/24771/ http://journalarticle.ukm.my/24771/1/jeko_583-1.pdf |
| _version_ | 1848816183248158720 |
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| author | Lu, Ming-Pey Zunarni Kosim, Nora Azureen Abdul Rahman, |
| author_facet | Lu, Ming-Pey Zunarni Kosim, Nora Azureen Abdul Rahman, |
| author_sort | Lu, Ming-Pey |
| building | UKM Institutional Repository |
| collection | Online Access |
| description | This study aimed to examine determinants of financial wellbeing and the mediating effects of digital financial inclusion for poor households in Malaysian Borneo. A total of 405 responses were collected from the poor households in Sabah and Sarawak using a self-administered questionnaire. The data were analyzed using PLS modeling techniques. The findings demonstrate that financial wellbeing is significantly determined by financial behavior, financial literacy, and digital financial inclusion. However, digital literacy is not associated with financial wellbeing. Digital financial inclusion plays a mediating role in enhancing financial wellbeing. The results of multigroup analysis show that the impacts of these relationships are higher for Sarawak than Sabah. This study enriches the literature on financial wellbeing by examining determinants from broader perspectives and focusing on poor households in Malaysian Borneo, an underexplored area. The multigroup analysis shed light on the differences in the paths to financial wellbeing of poor households in Sabah and Sarawak. Policies and strategies aiming to improve financial wellbeing and accelerate digitalization for poor households should be emphasized. |
| first_indexed | 2025-11-15T01:01:49Z |
| format | Article |
| id | oai:generic.eprints.org:24771 |
| institution | Universiti Kebangasaan Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-15T01:01:49Z |
| publishDate | 2024 |
| publisher | Penerbit Universiti Kebangsaan Malaysia |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | oai:generic.eprints.org:247712025-01-31T04:31:19Z http://journalarticle.ukm.my/24771/ Financial wellbeing of poor households: role of digital financial inclusion Lu, Ming-Pey Zunarni Kosim, Nora Azureen Abdul Rahman, This study aimed to examine determinants of financial wellbeing and the mediating effects of digital financial inclusion for poor households in Malaysian Borneo. A total of 405 responses were collected from the poor households in Sabah and Sarawak using a self-administered questionnaire. The data were analyzed using PLS modeling techniques. The findings demonstrate that financial wellbeing is significantly determined by financial behavior, financial literacy, and digital financial inclusion. However, digital literacy is not associated with financial wellbeing. Digital financial inclusion plays a mediating role in enhancing financial wellbeing. The results of multigroup analysis show that the impacts of these relationships are higher for Sarawak than Sabah. This study enriches the literature on financial wellbeing by examining determinants from broader perspectives and focusing on poor households in Malaysian Borneo, an underexplored area. The multigroup analysis shed light on the differences in the paths to financial wellbeing of poor households in Sabah and Sarawak. Policies and strategies aiming to improve financial wellbeing and accelerate digitalization for poor households should be emphasized. Penerbit Universiti Kebangsaan Malaysia 2024 Article PeerReviewed application/pdf en http://journalarticle.ukm.my/24771/1/jeko_583-1.pdf Lu, Ming-Pey and Zunarni Kosim, and Nora Azureen Abdul Rahman, (2024) Financial wellbeing of poor households: role of digital financial inclusion. Jurnal Ekonomi Malaysia, 58 (3). pp. 1-18. ISSN 0127-1962 https://www.ukm.my/jem/view-articles/ |
| spellingShingle | Lu, Ming-Pey Zunarni Kosim, Nora Azureen Abdul Rahman, Financial wellbeing of poor households: role of digital financial inclusion |
| title | Financial wellbeing of poor households: role of digital financial inclusion |
| title_full | Financial wellbeing of poor households: role of digital financial inclusion |
| title_fullStr | Financial wellbeing of poor households: role of digital financial inclusion |
| title_full_unstemmed | Financial wellbeing of poor households: role of digital financial inclusion |
| title_short | Financial wellbeing of poor households: role of digital financial inclusion |
| title_sort | financial wellbeing of poor households: role of digital financial inclusion |
| url | http://journalarticle.ukm.my/24771/ http://journalarticle.ukm.my/24771/ http://journalarticle.ukm.my/24771/1/jeko_583-1.pdf |