The relationship between subjective financial knowledge ad financial well-being among emerging adults in Malaysia: mediating effect of financial behaviour
This study aims to examine the relationship between subjective financial knowledge, financial behaviour, and financial well-being in emerging adults in Malaysia. Additionally, this study establishes the role of financial behaviour as a moderator in the indirect association between subjective financi...
| Main Authors: | , , , , |
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| Format: | Article |
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Human Resource Management Academic Research Society
2022
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| Online Access: | http://psasir.upm.edu.my/id/eprint/103700/ |
| _version_ | 1848864084319010816 |
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| author | Ghazali, Mohd Samsuri Syed Alwi, Sharifah Faigah Othman, Ismah Sabri, Mohamad Fazli Abd Aziz, Nurul Nadia |
| author_facet | Ghazali, Mohd Samsuri Syed Alwi, Sharifah Faigah Othman, Ismah Sabri, Mohamad Fazli Abd Aziz, Nurul Nadia |
| author_sort | Ghazali, Mohd Samsuri |
| building | UPM Institutional Repository |
| collection | Online Access |
| description | This study aims to examine the relationship between subjective financial knowledge, financial behaviour, and financial well-being in emerging adults in Malaysia. Additionally, this study establishes the role of financial behaviour as a moderator in the indirect association between subjective financial knowledge and financial well-being. In total, 500 of the 700 questionnaires distributed were returned and usable in this study, resulting in a response rate of 71.4 percent. Between the ages of 19 and 29, respondents from Selangor, Pahang, Perak, Melaka, and Sabah were asked to answer the online questionnaire. On the basis of the data, the hypothetical model was statistically tested using Partial Least Square–Structural Equation
Modelling (PLS-SEM), more precisely Smart Partial Least Square (SmartPLS) version 3.3.2. The findings indicated that subjective financial knowledge significantly improved financial wellbeing. Financial behaviour and financial well-being also have a substantial direct relationship. The findings indicate that financial behaviour has a significant positive indirect effect on the relationship between subjective financial knowledge and financial well-being. The findings of this study could add to the existing body of knowledge and set a new standard for governments and other groups who want to improve the public's financial well-being, especially for young people. |
| first_indexed | 2025-11-15T13:43:11Z |
| format | Article |
| id | upm-103700 |
| institution | Universiti Putra Malaysia |
| institution_category | Local University |
| last_indexed | 2025-11-15T13:43:11Z |
| publishDate | 2022 |
| publisher | Human Resource Management Academic Research Society |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | upm-1037002023-04-27T03:20:52Z http://psasir.upm.edu.my/id/eprint/103700/ The relationship between subjective financial knowledge ad financial well-being among emerging adults in Malaysia: mediating effect of financial behaviour Ghazali, Mohd Samsuri Syed Alwi, Sharifah Faigah Othman, Ismah Sabri, Mohamad Fazli Abd Aziz, Nurul Nadia This study aims to examine the relationship between subjective financial knowledge, financial behaviour, and financial well-being in emerging adults in Malaysia. Additionally, this study establishes the role of financial behaviour as a moderator in the indirect association between subjective financial knowledge and financial well-being. In total, 500 of the 700 questionnaires distributed were returned and usable in this study, resulting in a response rate of 71.4 percent. Between the ages of 19 and 29, respondents from Selangor, Pahang, Perak, Melaka, and Sabah were asked to answer the online questionnaire. On the basis of the data, the hypothetical model was statistically tested using Partial Least Square–Structural Equation Modelling (PLS-SEM), more precisely Smart Partial Least Square (SmartPLS) version 3.3.2. The findings indicated that subjective financial knowledge significantly improved financial wellbeing. Financial behaviour and financial well-being also have a substantial direct relationship. The findings indicate that financial behaviour has a significant positive indirect effect on the relationship between subjective financial knowledge and financial well-being. The findings of this study could add to the existing body of knowledge and set a new standard for governments and other groups who want to improve the public's financial well-being, especially for young people. Human Resource Management Academic Research Society 2022 Article PeerReviewed Ghazali, Mohd Samsuri and Syed Alwi, Sharifah Faigah and Othman, Ismah and Sabri, Mohamad Fazli and Abd Aziz, Nurul Nadia (2022) The relationship between subjective financial knowledge ad financial well-being among emerging adults in Malaysia: mediating effect of financial behaviour. International Journal of Academic Research in Business and Social Sciences, 12 (4). 1263 - 1284. ISSN 2222-6990 https://hrmars.com/index.php/IJARBSS/article/view/12969/The-Relationship-between-Subjective-Financial-Knowledge-and-Financial-Well-Being-among-Emerging-Adults-in-Malaysia-Mediating-Effect-of-Financial-Behaviour 10.6007/IJARBSS/v12-i4/12969 |
| spellingShingle | Ghazali, Mohd Samsuri Syed Alwi, Sharifah Faigah Othman, Ismah Sabri, Mohamad Fazli Abd Aziz, Nurul Nadia The relationship between subjective financial knowledge ad financial well-being among emerging adults in Malaysia: mediating effect of financial behaviour |
| title | The relationship between subjective financial knowledge ad financial well-being among emerging adults in Malaysia: mediating effect of financial behaviour |
| title_full | The relationship between subjective financial knowledge ad financial well-being among emerging adults in Malaysia: mediating effect of financial behaviour |
| title_fullStr | The relationship between subjective financial knowledge ad financial well-being among emerging adults in Malaysia: mediating effect of financial behaviour |
| title_full_unstemmed | The relationship between subjective financial knowledge ad financial well-being among emerging adults in Malaysia: mediating effect of financial behaviour |
| title_short | The relationship between subjective financial knowledge ad financial well-being among emerging adults in Malaysia: mediating effect of financial behaviour |
| title_sort | relationship between subjective financial knowledge ad financial well-being among emerging adults in malaysia: mediating effect of financial behaviour |
| url | http://psasir.upm.edu.my/id/eprint/103700/ http://psasir.upm.edu.my/id/eprint/103700/ http://psasir.upm.edu.my/id/eprint/103700/ |