Examining financial attitude, personality traits and mediating factor of financial literacy towards level of indebtedness

This study attempted to examine the relationship between financial attitudes, personality traits and mediating factors of financial literacy with the level of indebtedness. The survey involved 600 respondents who visited Credit Counselling and Debt Management Agency (AKPK) Kuala Lumpur Branch to res...

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Main Author:	Zaidi, Mohammad
Format:	Thesis
Language:	eng eng
Published:	2022
Subjects:	HG Finance
Online Access:	https://etd.uum.edu.my/10649/1/permission%20to%20deposit-grant%20the%20permission-s902797.pdf https://etd.uum.edu.my/10649/2/s902797_01.pdf
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id	my-uum-etd.10649
record_format	uketd_dc
spelling	my-uum-etd.106492023-10-09T00:45:57Z Examining financial attitude, personality traits and mediating factor of financial literacy towards level of indebtedness 2022 Zaidi, Mohammad Mustafa Kamil, Bidayatul Akmal Mazlan, Ahmad Rizal School of Business Management School of Business Management HG Finance This study attempted to examine the relationship between financial attitudes, personality traits and mediating factors of financial literacy with the level of indebtedness. The survey involved 600 respondents who visited Credit Counselling and Debt Management Agency (AKPK) Kuala Lumpur Branch to restructure their existing loans with various financial institutions. 600 self-administered questionnaires were distributed, from which only 480 were used for further analysis. The data were analysed through Structural Equation Modelling (SEM) using the AMOS (Analysis of Moment Structures) software. This study found that financial attitude was significantly and negatively correlated with the level of indebtedness. This finding indicated that with a positive financial attitude, the level of indebtedness could be reduced. Besides that, financial literacy mediated the relationship between financial attitude and indebtedness; however, the mediating effect was small. The latent constructs for personality traits in this study, which consisted of formative constructs of agreeableness, extraversion, conscientiousness, neuroticism, and openness to experience, were found to have significant correlations with the level of indebtedness; however, the relationships were weak. Neuroticism had the weakest relationship with the level of indebtedness. This indicated that neuroticism was associated with a low level of indebtedness as compared to other traits. Additionally, financial literacy was also found to mediate the relationship between personality traits and the level of indebtedness. The main contribution of the study was in determining the influence of psychological factors besides financial literacy towards the level of indebtedness. The study's limitation was that it involved respondents who were presumably having financial problems who came to AKPK to restructure or reschedule their existing loans with banks and financial institutions. For future research, the same model can be applied to other populations in different geographical areas. 2022 Thesis https://etd.uum.edu.my/10649/ https://etd.uum.edu.my/10649/1/permission%20to%20deposit-grant%20the%20permission-s902797.pdf text eng staffonly https://etd.uum.edu.my/10649/2/s902797_01.pdf text eng public other doctoral Universiti Utara Malaysia
institution	Universiti Utara Malaysia
collection	UUM ETD
language	eng eng
advisor	Mustafa Kamil, Bidayatul Akmal Mazlan, Ahmad Rizal
topic	HG Finance
spellingShingle	HG Finance Zaidi, Mohammad Examining financial attitude, personality traits and mediating factor of financial literacy towards level of indebtedness
description	This study attempted to examine the relationship between financial attitudes, personality traits and mediating factors of financial literacy with the level of indebtedness. The survey involved 600 respondents who visited Credit Counselling and Debt Management Agency (AKPK) Kuala Lumpur Branch to restructure their existing loans with various financial institutions. 600 self-administered questionnaires were distributed, from which only 480 were used for further analysis. The data were analysed through Structural Equation Modelling (SEM) using the AMOS (Analysis of Moment Structures) software. This study found that financial attitude was significantly and negatively correlated with the level of indebtedness. This finding indicated that with a positive financial attitude, the level of indebtedness could be reduced. Besides that, financial literacy mediated the relationship between financial attitude and indebtedness; however, the mediating effect was small. The latent constructs for personality traits in this study, which consisted of formative constructs of agreeableness, extraversion, conscientiousness, neuroticism, and openness to experience, were found to have significant correlations with the level of indebtedness; however, the relationships were weak. Neuroticism had the weakest relationship with the level of indebtedness. This indicated that neuroticism was associated with a low level of indebtedness as compared to other traits. Additionally, financial literacy was also found to mediate the relationship between personality traits and the level of indebtedness. The main contribution of the study was in determining the influence of psychological factors besides financial literacy towards the level of indebtedness. The study's limitation was that it involved respondents who were presumably having financial problems who came to AKPK to restructure or reschedule their existing loans with banks and financial institutions. For future research, the same model can be applied to other populations in different geographical areas.
format	Thesis
qualification_name	other
qualification_level	Doctorate
author	Zaidi, Mohammad
author_facet	Zaidi, Mohammad
author_sort	Zaidi, Mohammad
title	Examining financial attitude, personality traits and mediating factor of financial literacy towards level of indebtedness
title_short	Examining financial attitude, personality traits and mediating factor of financial literacy towards level of indebtedness
title_full	Examining financial attitude, personality traits and mediating factor of financial literacy towards level of indebtedness
title_fullStr	Examining financial attitude, personality traits and mediating factor of financial literacy towards level of indebtedness
title_full_unstemmed	Examining financial attitude, personality traits and mediating factor of financial literacy towards level of indebtedness
title_sort	examining financial attitude, personality traits and mediating factor of financial literacy towards level of indebtedness
granting_institution	Universiti Utara Malaysia
granting_department	School of Business Management
publishDate	2022
url	https://etd.uum.edu.my/10649/1/permission%20to%20deposit-grant%20the%20permission-s902797.pdf https://etd.uum.edu.my/10649/2/s902797_01.pdf
_version_	1783729393773838336

Examining financial attitude, personality traits and mediating factor of financial literacy towards level of indebtedness

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