PurposeThe purpose of this study is to examine the relationship between dispositional mindfulness and financial well-being (FWB) and the mediating role of materialism on this relationship.Design/methodology/approachA conceptual framework is provided to support the research hypotheses. A survey with 311 working professionals from India allowed the hypothesized relationship to be tested through regression-based models.FindingsThe findings reveal that the three dimensions of FWB – financial anxiety, current money management stress and perceived financial security – are predicted by mindfulness and materialism even after controlling for several demographic variables. Materialism mediates the relationship between mindfulness and FWB.Research limitations/implicationsThe findings are subject to the usual cautions associated with self-reported cross-sectional data. Future research may incorporate mindfulness interventions to establish causal relationships.Practical implicationsThe study provides theoretical guidance to the policymakers and the financial institutions, including banks, which may focus on malleable factors beyond merely income to enhance FWB. Mindfulness is not only a trait but also could be cultivated by various physical and online-based mindfulness practices. Banks may integrate tools promoting mindfulness within their interactive web framework in order to stimulate customers' control over their daily spending through enhancing mindful awareness of present financial actions and their impact on the financial future. Thus, organizations may institutionalize such programs within their framework to help their employees cultivate greater FWB. Mindfulness promotes less anxiety related to financial decisions, which may develop customers' value as well as business opportunities for banks.Originality/valueUnlike other FWB dispositional antecedents, which become relatively stable at the formative stage, mindfulness levels can be enhanced in different age-groups. To our knowledge, this is the first study to empirically establish that mindfulness exerts its beneficial effects on FWB directly, and, through reducing materialistic motives.
IntroductionOnline impulse buying behavior is an unplanned urge to buy a product or service in an online setting and it has several negative consequences for customers, such as guilt and financial distress, and e-commerce firms, such as higher returns and customer complaints. Evidently, it is important to examine the various psychological processes which may assist in a better understanding, therefore addressing the high prevalence of online impulse buying. This study builds upon self-regulation theory to explore how mindfulness influences online impulse buying, and examines problematic internet use as a mediator in the relationship between mindfulness and online impulse buying. Further, this study investigates how emotional intelligence as a moderator plays the role of a suppressant on the adverse impact of problematic Internet use which fuels online impulse buying.MethodA total of 598 individuals working with various servicebased industries responded to the questionnaire. Multiple regression and moderated mediation analysis was used using SPSS and AMOS for analyzing the data.ResultProblematic internet use mediates the relationship between mindfulness and online impulse buying behavior. Emotional intelligence negatively moderates the relationship between problematic internet use and online impulse buying behavior.DiscussionThis study findings outlined the inverse relationship of mindfulness & online impulse buying, along with the mediating effect of problematic internet use between mindfulness and online impulse buying. Further, this study showed how emotional intelligence played an important role as a moderator by suppressing the adverse impact of problematic Internet use and preventing online impulse buying. The study offers implications to online marketers in regulating the unplanned purchase process—while minimizing uninhibited buying behavior that leads to regret, and the subsequent intention to return products. Further, social and theoretical implications are discussed.
With the growing concern about excessive Internet use and accompanying adverse psychosocial outcomes, unveiling the underlying mechanisms related to problematic Internet use has become an important topic to study. The present study examines the relationship between dispositional mindfulness and psychosocial well-being through problematic Internet use. An attempt has also been made to investigate whether negative affect and self-control are useful in explaining the relationship between dispositional mindfulness and problematic Internet use or not. The data was derived from a questionnaire survey of 246 postgraduate management students from a leading business school (approximately 48% females) and structural equation modelling technique was used for data analysis. The results suggest that higher mindfulness is associated with lower problematic Internet use, and the relationship is partially mediated by negative affect and self-control. Problematic Internet use partially mediate the relationship between mindfulness and depression/loneliness (indicators of psychosocial well-being). The study outcomes may prove helpful in empirical understanding of previously unidentified mediating mechanisms through which mindfulness may impact problematic Internet use, which further influences psychosocial well-being. Limitations and future directions, as well as potential implications, are also discussed.
‘For after all, the best thing one can do when it is raining is, let it rain.’ (Longfellow, 1906) Mental health conditions, including depression, anxiety, and stress, affect a sizable proportion of university students. Yet, little is known regarding the incidence of mental health issues among Indian university students. These mental health issues are generally caused by a range of factors, including academic demands, interpersonal connections (Steptoe, 2007), future prospects, competitive exams, peer pressure, and professional considerations (Beiter et al., 2015). One of the most important mental health problems impacting a large population across India and the world is depression, leading to physical diseases, suicidal thoughts, and suicide, among other negative outcomes (Gururaj et al., 2016). According to the NCRB Report, 2021, the two age groups most susceptible to suicide were between 18 and 30 and 30 and 44. Suicide rates in both age categories were 34.5% and 31.7%, respectively. Family issues (3,233 victims), romantic relationships (1,495 victims), and illness (1,408 victims) were the three leading factors in suicides below 18 years of age, while the victims that were either students or unemployed made up 8.0% (13,089 victims) and 8.4% (13,714 victims) of all suicides, respectively. The objectives of this study were to understand and add to the body of knowledge on the role of mindfulness concerning depression, anxiety, and stress amongst university students; the role of mindfulness concerning avoidant behaviours amongst university students; and the mediating role of acceptance in the relationship between mindfulness and depression, anxiety, and stress amongst university students. The results of the study revealed that depression, experiential avoidance, and mindfulness are all strongly and negatively connected. The study discovered a strong correlation between experiential avoidance and depression, anxiety, and stress (psychological distress). Mindfulness had a considerable impact on the mediator, experiential avoidance, which was postulated.
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