Financial fragility and financial optimism linkage during COVID-19: Does financial literacy matter?

Chhatwani, Malvika; Mishra, Sushanta Kumar

doi:10.1016/j.socec.2021.101751

Cited by 30 publications

(32 citation statements)

References 37 publications

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“…Financial optimism is defined by how well households and investors perceive their future financial and economic situation [5]. It is measured by the difference between an individual's life expectancy and their perceived life expectancy [3]. It is also estimated by the individual's future financial expectations [3].…”

Section: Hypothesis Construction: the Financial Optimism Determinants...mentioning

confidence: 99%

“…It is measured by the difference between an individual's life expectancy and their perceived life expectancy [3]. It is also estimated by the individual's future financial expectations [3].…”

Section: Hypothesis Construction: the Financial Optimism Determinants...mentioning

confidence: 99%

“…Financial optimism is measured by an index calculation approach used by several authors [3,5]. The indicator compares predictions for the present and the future in relation to inquiries about personal financial conditions, business and local and national financial situations.…”

Section: Hypothesis Construction: the Financial Optimism Determinants...mentioning

confidence: 99%

“…Optimism is a critical component of economic decision-making [1] in literature. Financial optimism is negatively linked to financial fragility [2][3][4] and good financial literature reduces this negative link. Additionally, highly educated people and older people are more pessimists [1,2,5,6].…”

Section: Introductionmentioning

confidence: 99%

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Does good financial behavior reduce the negative impact of financial fragility on individuals’ financial optimism? The never-ending Lebanese crisis case

Mawad

2023

ijirss

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This study aims to investigate the level of logistical coordination and the state of coordination mechanisms in procurement activities among enterprises involved in supply chains. The research was conducted through a comparative analysis of statistical data obtained from a survey of businesses between July and October 2021. The study proposes a method for identifying general and individual performance indexes for partner companies' interactions by examining joint planning, synchronized documentation, coordinated operational procedures, and resource integration. This method is relevant to both logistics theory and the practical activities of supply chain participants. The research highlights the evolution of metrics used to evaluate the extent of coordination mechanisms employed by businesses in their procurement activities. Based on the selection criteria, an assessment scale is proposed to determine the level of logistical coordination in supply chain companies' procurement activities. The findings offer insights into the development of coordination mechanisms for organizations across various sectors (industrial, trading, freight forwarding), focusing on their scientific significance and impact on the competitiveness of consolidated supply chains. This study contributes to the literature by providing a comprehensive understanding of logistical coordination and coordination mechanisms in procurement activities among supply chain enterprises, as well as offering a practical assessment scale for evaluating logistical coordination levels.

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Section: Hypothesis Construction: the Financial Optimism Determinants...mentioning

confidence: 99%

Section: Hypothesis Construction: the Financial Optimism Determinants...mentioning

confidence: 99%

Section: Hypothesis Construction: the Financial Optimism Determinants...mentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

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Does good financial behavior reduce the negative impact of financial fragility on individuals’ financial optimism? The never-ending Lebanese crisis case

Mawad

2023

ijirss

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“…The post-crisis changes require proper awareness and resolution from market operators, a line of thought that leads to one of the central strands of the thesis, that is, the need for an adequate level of financial literacy (Chhatwani and Mishra 2021;Oshora et al 2021;Saifurrahman and Kassim 2021). Developing a corporate financial culture, as a result of the financial crisis that unfolded in 2008, is an increasingly common goal in developing countries.…”

Section: Introductionmentioning

confidence: 99%

The Impact of Financial Culture on the Operation of Hungarian SMEs before and during COVID-19

Tóth

Kása

Lentner

2022

Risks

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The main aim of this study is to explore the conceptual framework of corporate financial culture and its practical relevance in an emerging Central European market economy, at the level of the Hungarian SME, with a special emphasis on the Hungarian SME sector. In our study, we highlight each dimension of corporate financial culture, focusing on the established corporate financial culture index, and within it, we examine the significance of the financial management elements sub-index and the risk and insurance sub-index separately. In addition, we look for logical, causal, and statistically verifiable relationships between corporate financial literacy and the outcome of corporate financial decisions and corporate risk taking. The relationships were broken down over two years in the analysis. Approximately 2167 responses were included in the 2019 sample and 3281 in the 2021 sample. These representative samples were taken from the Hungarian SME sector and multiple linear regression models were built to find a significant moderation effect of financial literacy between perceived risks and the insurance activity of companies. We conducted our research in two different periods, the unique feature of which is that we conducted a survey before and during the coronavirus crisis, so we could make a comparative analysis. The method used in this research study is a literature review analysis of reference manuscripts, discussing topics related to financial literacy, corporate risk management, and corporate financial management, published in the last 10 years. Our results show that there are positive and significant relationships between company management, corporate risk management, and corporate financial literacy. The results of our study draw the attention of company leaders to the practical significance of financial culture—efficiency, profitability, and stability.

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Consumer financial planning in the post‐Covid‐19 era: The role of emotional and economic vulnerability

Allanjawi,

Yazdanparast,

Alhenawi

2023

J of Consumer Behaviour

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The present research examines the relationship between emotional vulnerability, economic vulnerability, and intentions to improve financial planning for American households in the post‐Covid‐19 era. Using a survey of 504 household financial decision markers, we show that the effects of psychological fears and concerns experienced during the pandemic (i.e., emotional vulnerability) on post‐pandemic household financial planning intentions are mediated by their perceived economic vulnerability. Specifically, for those who experience higher levels of emotional vulnerability, economic vulnerabilities are perceived to be harsher, further motivating them to raise their financial preparedness. Moreover, we identify an individual factor, personality trait of conscientiousness, as a boundary condition affecting this relationship. Specifically, individuals who are more conscientious tend to be more willing to learn from harsh pandemic experiences and are more willing to adapt in the long run.

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Financial fragility and financial optimism linkage during COVID-19: Does financial literacy matter?

Cited by 30 publications

References 37 publications

Does good financial behavior reduce the negative impact of financial fragility on individuals’ financial optimism? The never-ending Lebanese crisis case

Does good financial behavior reduce the negative impact of financial fragility on individuals’ financial optimism? The never-ending Lebanese crisis case

The Impact of Financial Culture on the Operation of Hungarian SMEs before and during COVID-19

Consumer financial planning in the post‐Covid‐19 era: The role of emotional and economic vulnerability

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