Examining the Role of Financial Intelligence Quotient (FiQ) in Explaining Credit Card Usage Behavior: A Conceptual Framework

Kamil, Nik Sari Syerina Nik; Musa, Rosidah; Sahak, Siti Zaleha

doi:10.1016/j.sbspro.2014.04.066

Cited by 6 publications

(13 citation statements)

References 19 publications

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“…The second hypothesis (financial knowledge towards attitude) is also proven to be significant (t-stat = 8.634; β = 0.487; p = 0.000). Previous studies (Kamil, Musa, and Sahak, 2014;Limbu, 2017;Nugroho, 2017;Wickramasinghe and Gurugamage, 2012) have shown that financial knowledge has a major influence on customer behavior towards credit cards which is also proven by this study. It also reveals that financial knowledge is the most important factor compare to the role of parents.…”

Section: Hypothesis Testing and R-squaresupporting

confidence: 84%

“…Moreover, they say that parental conduct, for example, shopping together and assessing elective money related conditions incredibly influences the view of a kid's buying. Contrary to financial knowledge supporters (Kamil, Musa, and Sahak, 2014;Limbu, 2017;Nugroho, 2017;Wickramasinghe and Gurugamage, 2012), Jorgensen, Rappleyea, Schweichler, Fang, and Moran (2016) mention that having only financial knowldege won't do much on young adults, since they see the world as how they are taught by their parents. It is also supported by the study of Cloutier and Roy (2020) that undergraduate students' behaviour in using credit card is significantly influenced by their parents.…”

Section: Introductionmentioning

confidence: 99%

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Intention to Use Credit Card among College Students in Greater Jakarta

Kumar

Karlina

2020

JAAF

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<p>This study aims to determine the influence of the role of parents, financial knowledge, and customer's attitude towards credit card which are determinants of a person's intention to using a credit card. This study applied quantitative data analysis and used an online survey platform as a medium to distribute questionnaires consisting of 22 item statements. A total of 322 responses were collected with 302 valid responses with purposive sampling technique. Structural equation modelling was applied to test the hypothesis. The results of this study indicate that all hypotheses (parents’ role, financial knowledge, and attitude) toward intention to use credit card are accepted and the model is also very good where the coefficient of determination is close to one. This study provides a better understanding of customer intentions in determining the purchase decision using a credit card in Greater Jakarta area. This study also provides managerial implications for business and recommendations for future research.</p>

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Section: Hypothesis Testing and R-squaresupporting

confidence: 84%

Section: Introductionmentioning

confidence: 99%

Intention to Use Credit Card among College Students in Greater Jakarta

Kumar

Karlina

2020

JAAF

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“…The current global financial crisis has brought attention to the need for increased financial literacy among decision-makers in order to improve their capacity to make sound financial decisions and improve their wellbeing. As a result, financial education or financial intelligence is important in the decision-making process (Kamil et al, 2014 ). In the empirical literature of decision-making, the concept of financial intelligence is relatively new.…”

Section: Review Of Literature and Hypotheses Developmentmentioning

confidence: 99%

Role of Social Capital and Financial Wellbeing in Reaching Successful Entrepreneurial Financial Performance: A Moderated-Mediated Model of Financial Intelligence

Yao

Meng

2022

Front. Psychol.

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Financial wellbeing is an emerging variable in business psychology that is expected to measure overall financial status and future financial trajectories. Financial intelligence and wellbeing have been key determining factors for the financial performance of entrepreneurs. The present study aimed to examine the crucial financial determinants (financial wellbeing and financial intelligence) and social capital factors for the entrepreneurial intentions and their financial performances among the 326 entrepreneurs in China. The study's findings showed that the key financial indicators and social capital are significantly related to entrepreneurial intentions, which considerably predict the entrepreneurial financial performance. The mediating relationships also reported that entrepreneurial intentions and financial intelligence significantly mediate the relationship among social capital, financial wellbeing, and entrepreneurial financial performance. The present study has highlighted the implications for potential entrepreneurs for improving their financial performance through sustainable social capital, financial wellbeing, and financial intelligence. This study will also help the strategists in screening the individuals registering as entrepreneurs based on their financial intelligence quotient. The present study enriches the literature by offering an integrated model on financial wellbeing and entrepreneurial financial performance.

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“…the bank (Dewri, Islam, & Saha, 2016;Jagotra, 2018). The credit cards presented by banks and financial institutions to users like a gift effect consumer behaviors by expeditiously replacing cash, providing convenience in purchasing transactions, and making the life easier (Kamil, Musa, & Sahak, 2014). Due to the absence of credit card in financial markets in Kurdistan Iraq, many people are struggling to collect and pay money for their duties, since the financial crisis affected the Kurdistan and the public banks and financial institutions specifically.…”

Section: Introductionmentioning

confidence: 99%

Consumer Behavior toward the Use of Credit Cards: The Empirical Evidence from Iraq

Ahmed

2020

Shirkah

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Credit card is a payment tool in the modern world and it is being called the plastic money. In Iraq and especially in Kurdistan region, the credit card utilization now is appealing to be more attractive. To address this issue, the present study sheds some light on the impact of credit cards on the consumer behavior and the benefits of credit cards for people of Kurdistan, Iraq. The data were obtained from 40 participants consisting of academicians in the related field, managers of banks, and credit card users by means of questionnaires. A range of variables that agreed to demographic information, such as level of education, gender, and income, were also considered. Drawing on chi-square and modeling analysis, the results portrayed a positive relationship between the costumer information and their behavior in using credit cards. The results of this study further suggest that since people in Kurdistan region of Iraq would like to apply credit cards in all aspects of life, the financial institutions should provide accessible information and valuable services. All in all, from this study it is implied that the “plastic money” makes a revolution in banking industry across the world and nowadays electronic banking becomes familiar to the world.

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Examining the Role of Financial Intelligence Quotient (FiQ) in Explaining Credit Card Usage Behavior: A Conceptual Framework

Cited by 6 publications

References 19 publications

Intention to Use Credit Card among College Students in Greater Jakarta

Intention to Use Credit Card among College Students in Greater Jakarta

Role of Social Capital and Financial Wellbeing in Reaching Successful Entrepreneurial Financial Performance: A Moderated-Mediated Model of Financial Intelligence

Consumer Behavior toward the Use of Credit Cards: The Empirical Evidence from Iraq

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