文章基本信息

标题：Financial Well-being in Langkawi Tourism Industry: An Exploratory Study
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作者：Mohd Faizul Hassan ; Nor Asfarul lail Azwan Haris
期刊名称：International Journal of Academic Research in Business and Social Sciences
电子版ISSN：2222-6990
出版年度：2022
卷号：12
期号：5
页码：1174-1186
DOI：10.6007/IJARBSS/v12-i5/13245
语种：English
出版社：Human Resource Management Academic Research Society
摘要：Mainly, this research aims to explore and empirically investigate the financial well-being (FWB) of the Langkawi tourism industry. A total of 157 respondents from the tourism industry were analyzed. Questionnaires were used as the instrument for this research. In this study, financial well-being was measured by using the Malaysian Personal Financial Well-being Scale (MPFWBS) that Garman and Jariah developed (2006), adopted by the (Prawitz et al., 2006) known as InCharge Financial Distress/ Financial Well-being (IFDFW). The measurement consists of twelve questions. This scale embraces 12 questions with ten measurement scales: scale 1 (the lowest score) and scale 10 (the highest score). The indicator describes the financial well-being scale, which is that a higher score on the scale would characterize a better financial well-being condition. The result shows higher mean score designates high financial well-being among the respondents, while lower mean scores indicate less satisfaction. The findings presented that the respondents were more able to manage personal finances. Meanwhile, it also describes those respondents who were less satisfied with today's financial situation. It can be assumed that most of the respondents can manage their finances by their monthly expenses within their income. Most of the respondents were satisfied when they were inquired about managing personal finance as it shows the highest average score (Mean=5.35). This study used primary data, and the findings of this study may aid as an input to the government, especially Langkawi Authority Development (LADA), to formulate appropriate strategies to promote a better and higher level of financial well-being among the tourism industry players.