Sex, financial hardship and locus of control: an empirical study of attitudes towards money among Singaporean Chinese

Lim, Vivien K. G.; Teo, Thompson S. H.; Loo, Geok Leng

doi:10.1016/s0191-8869(02)00063-6

Cited by 63 publications

(76 citation statements)

References 33 publications

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“…Research findings also indicate that financial attitude is dependent on several causes such as socialization process and socio-demographic factors such as age and gender. For example, (Hira & Mugenda, 2000;Lim, Teo, & Loo, 2003) have indicated that males and females comprehend money differently due to differences in consumer socialization during childhood. Gender differences in financial management and financial wellbeing is a matter of interest among educators of family economics.…”

Section: Literature Reviewmentioning

confidence: 99%

An Exploratory Study of Personal Financial Wellbeing Determinants: Examining the Moderating Effect of Gender

Falahati¹,

Sabri²

2015

ASS

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Financial educators have placed importance on the study of the determinants of financial wellbeing for some decades now. The subject of the research has comprised factors such as marital status, employment status, education, income and health, which impact on financial wellbeing. However, there is as yet, a lack of research on the perceived influence of differences in financial wellbeing between the genders, particularly within the Asian context. The present research evaluates the moderating effect of gender on the determinants of financial wellbeing among college students in Malaysia. Samples for this study comprised students in Malaysian universities. The multi stage stratified random sampling technique was utilized to select the respondents, while self-administered questionnaires were used to collect the data. Further, a multi-group analysis approach using AMOS was used in studying the influence of gender on financial wellbeing. The findings of the present research show that among college students, gender has a substantial moderating effect on the factors related to financial wellbeing.

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Section: Literature Reviewmentioning

confidence: 99%

An Exploratory Study of Personal Financial Wellbeing Determinants: Examining the Moderating Effect of Gender

Falahati¹,

Sabri²

2015

ASS

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“…Overall, the studies suggest that internals believe in controlling their own fates and therefore take responsibility of their finances; whereas externals rely on other forces than themselves in determining the course of their lives; hence don't take responsibility of their finances (Lim et al, 2003;Perry and Morris, 2005). In particular, it is established that internals manage their money more carefully (Tang, 1995) and save more than others (Sakalaki et al, 2005) since they believe in controlling their own financial state and have a higher sense of responsibility for their success in life.…”

Section: Locus Of Controlmentioning

confidence: 97%

Factors Affecting Financial Consumers’ Private Pension Plan Decisions: A Literature Review and a Conceptual Framework Proposal

Aydın

Akben-Selçuk

2016

bmij

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“…Men tend to use money to make comparisons. In a related study, Lim et al (2003) posit that men are more concerned about 'anxiety' and 'power', while women are more concerned about 'budget, retention, and evaluation' dimensions of MAS.…”

Section: Money Attitudesmentioning

confidence: 99%

Money attitudes, credit card and compulsive buying behaviour: a study on Indian consumers

Khare

2016

IJBCG

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Abstract:In recent years, the credit card market in India has shown positive growth. However, the Indian market with infrastructural constraints, collectivist tendencies, and recent economic developments due to liberalisation is different from Western countries. It was assumed that Indian consumers' attitude about credit card use is likely to differ from their Western counterparts. The purpose of current research was to examine relationship of money attitudes, credit card use, age and gender on compulsive buying behaviour of Indian consumers. It would enable in understanding differences, if any, between developing and developed country markets. Insights about consumers' attitudes towards credit cards and money can help credit card companies educate consumers about over spending and debt. It also attempts to understand applicability of money attitude and compulsive scale on Indian consumers. The results suggest that compulsive buying behaviour is influenced by money attitudes of power and price sensitivity. Extravagance-prudence and age moderate money attitude. Credit card companies can use themes of 'power' and 'price sensitivity' to target consumers. Compulsiveness can lead to social and financial problems; it is important to educate consumers about credit card use and associated risks.

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Sex, financial hardship and locus of control: an empirical study of attitudes towards money among Singaporean Chinese

Cited by 63 publications

References 33 publications

An Exploratory Study of Personal Financial Wellbeing Determinants: Examining the Moderating Effect of Gender

An Exploratory Study of Personal Financial Wellbeing Determinants: Examining the Moderating Effect of Gender

Factors Affecting Financial Consumers’ Private Pension Plan Decisions: A Literature Review and a Conceptual Framework Proposal

Money attitudes, credit card and compulsive buying behaviour: a study on Indian consumers

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