文章基本信息

标题：Financial Literacy among Malaysian Military Personnel
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作者：Hafizah Mat Nawi ; Hafez Shahril Hussin
期刊名称：International Journal of Academic Research in Business and Social Sciences
电子版ISSN：2222-6990
出版年度：2021
卷号：11
期号：2
页码：523-545
DOI：10.6007/IJARBSS/v11-i2/8584
语种：English
出版社：Human Resource Management Academic Research Society
摘要：This study was carried out to investigate factors that affect the level of financial literacy among military members and the impacts thereof. The study also aims to find out is there any moderating factor(s) or mediator(s) that affect the relationship between financial literacy and its consequences. This study employed a qualitative method by implementing semi-structured interviews with respondents engaged among 20 members of the Malaysian Armed Forces (MAF) and two experts. A model detailing the antecedents and consequences of financial literacy was developed. The data was analysed using the NVivo software to assign and group the interviewees’ comments and thematic analysis was implemented to analyse the data collected. The findings revealed the following information: strong support for the proposed construct definition of financial literacy, identification of eight driving factors for the variable, financial inclusion as a moderating factor, and three perceived consequences of financial literacy. Furthermore, this study revealed additional items, which could be included in the existing constructs in order to expand the consequences of the focal construct. Generally, the findings stimulated will support the Malaysian government in achieving the aspirations detailed in the National Strategy for Financial Literacy 2019-2023. Specifically, the findings are useful for the Ministry of Defence Malaysia to develop and administer programmes geared towards improving personal financial management among military members, which is attributable to the goal set in the Five-Year Strategic Plan for the Ministry of Defence Malaysia. The findings of this study prepare a platform for future research to validate and expand the theoretical framework as presented in this research. The study is based on the qualitative data from the military members and certified financial planners, which can act as a basis for future research.