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- W3200970010 abstract "Gender issues receive a considerable attention in financial behavior and financialwell-being studies. The expansion of educational services in Malaysia resulted in thefast growing number of students enrolled in higher education. Education attainmenthas been known as the main factor to achieve higher level of financial well-being inlater life, and evidence is growing showing that male and female college studentshave the different level of financial behavior and consequently, perceived differentlevel of financial well-being. However, not much research done on financial wellbeingand financial behavior of university students in Malaysia.Financial behavior known as an important predictor of financial well-being and it isassociated with several factors such as financial knowledge, financial attitude andfinancial socialization. Understanding the determining factors related to the financialwell-being among male and female college students as the future labor force participates is crucial to further develop appropriate strategies in the educationalsystem to promote better students' financial behavior. From gender perspective,social learning theory, family resource management theory and feminist economictheory could provide a valid basis for explaining and predicting gender differences infinancial well-being among college students.This study sets out to examine the factors predicting financial well-being amongmale and female Malaysian college students. Research instrument has verifiedadequate levels of internal consistency, reliability, and content validity according tothe past researches. Data of the research was collected through a self-administeredquestionnaire at 11 Malaysian universities (five publics and six privates) with a totalnumber of 2,340 respondents. Descriptive analysis, t-test, Path analysis andMediation analysis with Macro SPSS were employed to achieve the objectives of thestudy.Results of the study revealed that female students have higher level of financial wellbeing,effective financial behavior, lower level of financial knowledge, have moreconservative financial attitude and financially socialized at later age compare to malestudents. Moreover, findings indicated that among several predictors, spendthriftattitude has the highest effect on financial well-being among male and femalestudents. Results also indicated that financial socialization has an effect on thefinancial behavior and financial problem among male students but among femalestudents, it has effect on financial behavior only. In addition, results indicated themediation effect of financial behavior and financial problem on the relationshipbetween predictors and financial well-being among male and female students. Among male students the following were factors that predict financial well-being:spendthrift attitude, secondary socialization agents, financial behavior, primarysocialization agents, financial problem, financial socialization, conservative attitudeand financial knowledge. Male students' financial behavior has full mediate effect inthe relationship between financial socialization and financial well-being. Financialproblem and financial behavior have partial mediate effect on the relationshipbetween spendthrift attitude and secondary socialization agents; however, this effectwas greater through financial behavior.On the other hand, among female students ranking by spendthrift attitude, primarysocialization agents, financial problem, financial behavior, secondary socializationagents and conservative attitude were contributing to predict financial well-being.Female students' financial socialization by full mediate effect, it shows that financialbehavior has effect on financial well-being. Financial problem and financial behaviorhave partial mediate effect on the relationship between spendthrift attitude andsecondary socialization agents with financial well-being; however, this effect wasgreater through financial problem. Findings of research highlight the need forfinancial education for male and female students to be directed at assisting changesin financial attitude and financial behavior. Regarding to the strong influence ofsocialization agents, implications for further research and parents' educationpractices were discussed." @default.
- W3200970010 created "2021-09-27" @default.
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- W3200970010 date "2011-04-01" @default.
- W3200970010 modified "2023-09-26" @default.
- W3200970010 title "Gender differences in financial well-being among Malaysian college students" @default.
- W3200970010 hasPublicationYear "2011" @default.
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