The effect of reaction to indebtedness and future orientation on financial literary among tertiary students in Peninsular Malaysia

Bibliographic Details
Main Author:	Chia, Mei Si
Format:	Thesis
Language:	English
Published:	2024
Subjects:	HG Finance
Online Access:	https://ir.upsi.edu.my/detailsg.php?det=13317
Abstract	Abstract here

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author	Chia, Mei Si
author_facet	Chia, Mei Si
author_sort	Chia, Mei Si
description
format	Thesis
id	upsi-13317
institution	Universiti Pendidikan Sultan Idris
language	English
publishDate	2024
record_format	sWADAH
record_pdf	Restricted
spelling	upsi-133172025-09-24 The effect of reaction to indebtedness and future orientation on financial literary among tertiary students in Peninsular Malaysia 2024 Chia, Mei Si HG Finance <p>The main objective of this study is to examine the direct and indirect effects of parental influence, peer influence, financial awareness through spending behavior, and saving behavior on reaction to indebtedness, and future orientation among tertiary students in Peninsular Malaysia. The underlying theories used in this study were the Theory of Reasoned Action, Self-Awareness Theory, and Consumer Involvement Theory. The snowball sampling technique was used to collect data for this study. All the collected data were analyzed using Statistical Package for the Social Science (SPSS) software version 16 and Smart PLS 3.0. This study utilized Partial Least Squares Structural Equation Modelling (PLS-SEM) to examine the relationship between variables with a sample of 1,800. This study indicated that most respondents reported low financial knowledge but moderate financial awareness. Furthermore, the PLS-SEM bootstrapping results revealed a significant negative relationship between financial awareness and reaction to indebtedness, suggesting that individuals with higher financial awareness have a negative impact on debt management. Meanwhile, a positive indirect relationship existed between financial awareness and reaction to indebtedness through spending and saving behaviors. This suggests that individuals with higher financial awareness and good spending and saving behavior manage debt better. Overall, the findings of this study indicated that the direct and indirect effects of financial awareness, parental influence toward reaction to indebtedness, and future orientation through spending and saving behavior were significant (p < 0.05). Therefore, spending and saving behavior partially mediate the relationship between financial awareness, parental influence toward reaction to indebtedness, and future orientation. In conclusion, it is recommended that personal financial management be included as a mandatory course in all tertiary-level education programs to assist tertiary students in making wise financial decisions.</p> 2024 thesis https://ir.upsi.edu.my/detailsg.php?det=13317 https://ir.upsi.edu.my/detailsg.php?det=13317 text eng - openAccess Doctoral Perpustakaan Tuanku Bainun Fakulti Pengurusan dan Ekonomi <p>Aboagye, J., & Jung, J. Y. (2018). Debt Holding, Financial Behavior, and Financial Satisfaction. Journal of Financial Counseling and Planning, 29(2), 208-218. https://doi.org/10.1891/1052-3073.29.2.208</p><p>Adbi, A., & Singh, J. (2019). The Risk of Collective Behavior at the Base of the Pyramid: Quasi-Experimental Evidence from Microfinance. 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spellingShingle	HG Finance Chia, Mei Si The effect of reaction to indebtedness and future orientation on financial literary among tertiary students in Peninsular Malaysia
thesis_level	PhD
title	The effect of reaction to indebtedness and future orientation on financial literary among tertiary students in Peninsular Malaysia
title_full	The effect of reaction to indebtedness and future orientation on financial literary among tertiary students in Peninsular Malaysia
title_fullStr	The effect of reaction to indebtedness and future orientation on financial literary among tertiary students in Peninsular Malaysia
title_full_unstemmed	The effect of reaction to indebtedness and future orientation on financial literary among tertiary students in Peninsular Malaysia
title_short	The effect of reaction to indebtedness and future orientation on financial literary among tertiary students in Peninsular Malaysia
title_sort	effect of reaction to indebtedness and future orientation on financial literary among tertiary students in peninsular malaysia
topic	HG Finance
url	https://ir.upsi.edu.my/detailsg.php?det=13317
work_keys_str_mv	AT chiameisi theeffectofreactiontoindebtednessandfutureorientationonfinancialliteraryamongtertiarystudentsinpeninsularmalaysia AT chiameisi effectofreactiontoindebtednessandfutureorientationonfinancialliteraryamongtertiarystudentsinpeninsularmalaysia

The effect of reaction to indebtedness and future orientation on financial literary among tertiary students in Peninsular Malaysia

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