文章基本信息

标题：Factors Influencing Individual Financial Resilience in facing Economic Crisis: Does Financial Literacy really help?
本地全文：下载
作者：Naffisah Mohd Hassan ; Erne Suzila Kassim ; Siti Noorsuriani Maon 等
期刊名称：International Journal of Academic Research in Business and Social Sciences
电子版ISSN：2222-6990
出版年度：2018
卷号：8
期号：11
页码：1613-1623
DOI：10.6007/IJARBSS/v8-i11/5284
语种：English
出版社：Human Resource Management Academic Research Society
摘要：Economic crisis is a global phenomenon. When the cycle hits, many people are affected. However, the intensity of the effect may vary from one person to another, depending on the individual financial resilience. This study seeks to empirically examine what factors of financial literacy contribute to individual financial resilience in facing economic changes during economic crisis. A correlational study with cross-sectional research design and a survey as a method of data collection were used. A total of 200 completed questionnaires were obtained and only 197 data was valid for data analysis. The findings indicate while all factors relating to financial literacy investigated were significantly associated with individual resilience, the results of the regression test indicate only preference for numerical information and need for cognition were found to be significantly contribute to the individual financial resilience during economic crisis. Therefore, financial literacy is vital to be absorbed in every individual to build resilience towards economic changes during the economic crisis.