Personal finance behaviour: a reasoned action approach

Abstract

PurposeThis study sought to examine the impact of financial knowledge, financial attitude, locus of control and income on financial behaviour.Design/methodology/approachThe study employed the reasoned action approach framework by Fishbein and Ajzen (2010), with formal sector workers in three districts of Ghana as the population. Questionnaires were used to collect data and analysed using partial least squares structural equation model (PLS-SEM).FindingsThe results of the study revealed that perceived financial knowledge, financial attitude and locus of control had a significant positive relationship with financial behaviour intention. The assertion that actual financial knowledge and income influence actual financial behaviour was not supported by the findings. However, income moderated significantly the intention–actual financial behaviour relationship.Practical implicationsThe findings imply that having financial knowledge or earning a higher income in itself does not guarantee the good financial behaviour of people. It is recommended that financial education must focus on developing good financial attitudes and beliefs to enhance the needed behavioural change.Originality/valueTo the best of the researcher's knowledge, there is no study of financial behaviour that adopts the methodology and variables used in this research in Ghana.

A reasoned action approach to understanding anti-corruption intentions among MBA (accounting) students in Ghana

“…The study confirms the other findings [ 4 , 31 ] that the ethical accounting attitude of practitioners is essential in holding anti-corruption intentions. When ethical attitudes are developed, intentions to engage in corrupt practices diminish.…”

“…[ 17 ], ethical attitudes are strong predictors of anticorruption intentions among accounting practitioners. Sam et al [ 4 , 31 ] assert that individuals with positive ethical attitudes are more likely to resist corrupt practices. Onumah et al [ 28 ] further argue that fostering ethical attitudes among accounting professionals is essential for building a robust foundation for anticorruption efforts.…”

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“…Some study mentions that the financial behaviors that occur in students are more emphasized in saving behavior, spending behavior, and how students plan their finances (López-Medina et al, 2022). However, another opinion states that financial behavior is not only influenced by saving behavior, spending behavior, and financial planning but also by cash flow management, credit management, investment, and insurance (Farida et al, 2021;Sam et al, 2022). Meanwhile, other sources stated that financial behavior is influenced by financial literacy and numeracy ability described through sub-indicators, namely parents' educational background, children's experiences knowing money, financial education from the family, financial education from school, and the quality of education in schools.…”

Investigating drivers of qardhul hassan financing acceptance in the time of COVID-19: a Malaysian breadwinner perspective

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