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Financial Planning Behaviour Among The Young: Evidence From Malaysian University Students

Brahmana, Rayenda Khresna and Memarista, Gesti (2018) Financial Planning Behaviour Among The Young: Evidence From Malaysian University Students. Global & Local Economic Review, 21 (21). pp. 29-54. ISSN ISSN (online): 1974-5125 dan ISSN (print): 1722-4241

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    Abstract

    This study examines the effect of socio demography, savings motives, and also financial literacy on the financial planning behavior of 457 university students around Malaysia. For robustness check, the model is rerun by introducing savings attitude as the proxy of financial planning behavior. Yet, the conclusion is the same. The findings show that students will have better financial expenditure planning, if they have better motives in savings and well literate in finance. Interestingly, demography profiles did not have significant effects on financial planning. Governments and family will play important role by giving better motivation and financial education to students.

    Item Type: Article
    Additional Information: This paper is accepted in 11 Januay 2018. Furthermore, Global & Local Economic Review, founded in 1999, is a biannual journal indexed by EconLit, American Economic Association. The journal welcomes contributions from economics as well as other social science disciplines. Within this orientation, the journal provides a focus on economics research with an emphasis on both institutional and critical perspectives, the provision and use of empirical evidence, and the effective construction of policies. The Editors also strongly encourage submissions in emerging fields of economics, engaging with real-world problems, and having the chance to make a significant contribution on local and global economic issues.
    Uncontrolled Keywords: financial planning; savings; financial knowledge; socio-demography; university student
    Subjects: H Social Sciences > HG Finance
    Divisions: Faculty of Economic > Finance Management Program
    Depositing User: Admin
    Date Deposited: 19 Jun 2018 18:04
    Last Modified: 27 Jul 2018 17:06
    URI: http://repository.petra.ac.id/id/eprint/17888

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