|
UPSI Digital Repository (UDRep)
|
|
| ||||||||||||||||||||||
| Abstract : Universiti Pendidikan Sultan Idris |
| The involvement of women in the employment sector has helped boost the Malaysian economy. Therefore, it is imperative for our economy to consider the fact that where and how women work to spend or invest their funds. In this case, for the proper use of funds, working women need to be financially literate. This study to determine the relationship between the factors towards financial literacy among working women and to investigate the risk of financial literacy among working women. Sample data were gathered using selfadministered questionnaire among working women in government university in Kedah and later analyzed using statistical software namely, Statistical Package for Social Science (SPSS) version 25.0 and Analysis of Moment Structure (AMOS) version 25.0. Confirmatory Factor Analysis (CFA) together with Structural Equation Modeling (SEM) approach was used both to access the model fit and identify the significant direct influence financial literacy among working women. As a result, five factors that influence financial management have been highlighted which are financial attitude, financial knowledge, financial education, financial behavior and financial literacy. The result indicates that only financial attitudes significant towards financial literacy among working women as supported by the previous study. However, other factors are also important in assessing the level of financial literacy of an individual because each of these factors plays a role in ensuring an individual's financial management and avoid yourself from financial risk |
| References |
Adriana B. V. A & Valenzuela J. R. (2017). Financial literacy: Gaps found between Mexican public and private, middle, and high-school student. In Handbook of Research on Driving STEM Learning With Educational Technologies. Agarwalla, S.K., Barua, S.K., Jacob, J. & Varma, J.R. (2013).Financial literacy among working young in urban India. Researchgate.Net, (January 2013). Retrieved from https://www.researchgate.net/publication/315310706_Financial_Literacy_Among_Working_Young_in_Urban_India Altman D.G. & Bland J.M. (2002). Commentary on quantifying agreement between two methods of measurement. Clinical Chemistry, 48, 801-802 Carlo, B. S. (2013). Financial literacy and financial behavior among young adults: Evidence and implications. Numeracy, 6, 5. Ibrahim, D., Harun, R., & Isa, Z.M. (2009). A study on financial literacy of Malaysian degree students. Cross- Cultural Communication ISSN 1712-8358,5(4),51-59. Jorgensen, B. L. (2007. ). Financial literacy of college students: Parental and peer influences. Virginia Polytechnic Institute and State University. Joseph A. & Rosemary R. (2003). Calculating, interpreting, and reporting cronbach’s alpha reliability coefficient for likert-type scales. Researchgate.Net, (January 2003). Retrieved from https://www.researchgate.net/publication/31591315_Calculating_Interpreting_And_Reporting_Cro nbach's_Alpha_Reliability_Coefficient_For_Likert-Type_Scales Lusardi, A. & Olivia S. Mitchell (2007). Baby boomer retirement security: The role of planning, financial literacy, and housing wealth. SSRN Electronic Journal, 54 (1), 205–224. Lusardi, A. & Olivia S. Mitchell. (2014). Financial literacy JEP 2014. Mercadante, K. (2019). How high income can lead to high debt. Retrieved from https://outofyourrut.com/highincome- can-lead-high-debt/ Stages, C. (2014). Working women’s financial capability: An analysis across family status and career stages. Researchgate.Net, (May 2014). Retrieved from https://www.researchgate.net/publication/277011259_Working_Women's_Financial_Capability_An_Analysis_Across_Family_Status_and_Career_Stages Tavakol, M., & Dennick, R. (2011). Making sense of cronbach’s alpha. International Journal of Medical Education, 2, 53-55. Xu, L., & Zia, B. (2012). Financial literacy around the world: An overview of the evidence with practical suggestions for the way forward. Researchgate.Net, (June 2012). Retrieved from https://www.researchgate.net/publication/238043164_Financial_Literacy_Around_the_World_An_ Overview_of_the_Evidence_with_Practical_Suggestions_for_the_Way_Forwar
|
| This material may be protected under Copyright Act which governs the making of photocopies or reproductions of copyrighted materials. You may use the digitized material for private study, scholarship, or research. |