The Psychology of COVID-19 Economic Impact Payment Use

Asebedo, Sarah; Quadria, Taufiq Hasan; Gray, Blake; Liu, Yi

doi:10.1007/s10834-021-09804-1

Cited by 4 publications

(10 citation statements)

References 65 publications

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“…Thus, these include financial behavior (Farrell et al, 2016; Kim, Falconier, & Conway, 2023; Oquaye et al, 2022); FWB (Mathew et al, 2022; Montalto et al, 2019; Netemeyer et al, 2018; Sang, 2021); financial satisfaction (Asebedo & Payne, 2019; Xiao et al, 2014); financial help‐seeking behavior (Lim et al, 2014); subjective well‐being (Robb, 2017; Stone et al, 2010); savings behavior (Asebedo et al, 2022; Asebedo & Seay, 2018; Magendans et al, 2017). It is widely recognized that consumers who possess a higher degree of FSE are better equipped to withstand financial setbacks, overcome challenges, and possess the capacity to make informed decisions such as cutting expenses, increasing savings and investments, and managing debt prudently (Asebedo et al, 2022). The confidence translates into the positive and desirable actions and choices made by consumers in relation to their financial standing and behavior (Oquaye et al, 2022; Xiao et al, 2014).…”

Section: Results Based On Tccm Frameworkmentioning

confidence: 99%

“…Similar to that, higher education levels are often associated with higher FSE. Individuals gain the information and skills necessary to efficiently manage their finances through education, which boosts their confidence in financial concerns (Asebedo et al, 2022) wise, financial literacy had a favorable influence on financial account ownership behavior. However, no mediation effect of FSE was observed in this relationship (Noor et al, 2020).…”

Section: (D) Education and Trainingmentioning

confidence: 99%

“…This section discusses the methodology and several analytical techniques utilized in 64 empirical investigations succinctly outlined in (Brooks & Williams, 2022;Furrebøe et al, 2023;Grimes et al, 2022;Noor et al, 2020;Reyers, 2019) and Ordinary Least Squares regression (Asebedo & Seay, 2018;Brady et al, 2021;Montford & Goldsmith, 2016;Salas-Velasco, 2022) followed by structural equation modeling (Asebedo et al, 2022;Bhatia et al, 2021;Fan, 2023;Hentzen et al, 2022;Kim, Falconier, & Conway, 2023;Lone & Bhat, 2022;Mathew et al, 2022;Oquaye et al, 2022).…”

Section: Research Approaches Employedmentioning

confidence: 99%

“…The Journal of Consumer Affairs and the Journal of Financial Counselling and Planning are the prominent outlets, accounting for 25% (16/64) of the studies in the current sample. The studies concerning FSE has published in other eminent journals, such as the International Journal of Bank Marketing (Akhtar & Das, 2019; Lin & Huang, 2021; Losada‐Otálora & Alkire, 2019; Mindra et al, 2017; Naveed et al, 2021), and the Journal of Family and Economic Issues with five studies (Asebedo et al, 2022; Dare et al, 2022; Kim, Koo, & Jang, 2022; Robb, 2017; Vijaykumar, 2022), the International Journal of Consumer Studies with four studies (Fan, 2023; Hentzen et al, 2022; Montford & Goldsmith, 2016; Reyers, 2019), the International Review of Economics Education (Amagir et al, 2020; Grimes et al, 2022), the Investment Management and Financial Innovations (Mulasi et al, 2022; Sang, 2021) and the Journal of Behavioral Finance (Asebedo & Payne, 2019; Asebedo, Seay, et al, 2019) with two studies each. These academic journals publish research articles within the field of personal finance, behavioral economics, and consumer behavior, covering empirical, review, experimental, and conceptual studies.…”

Section: Descriptive Overviewmentioning

confidence: 99%

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Financial self‐efficacy of consumers: A review and research agenda

Gulati,

Singh

2024

Int J Consumer Studies

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As an essential psychological construct, financial self‐efficacy (FSE) has garnered considerable attention in the field of consumer finance and demonstrated its influence on financial outcomes. FSE has been regarded as a learned belief rather than an innate quality that can be nurtured over time. Notwithstanding the increasing significance of understanding consumers' FSE, this particular line of literature has not been examined as an independent research domain. Accordingly, this framework‐based review comprehensively represents the current state of literature on FSE by covering 64 articles published between 1999 and 2023, compiled based on the Scientific Procedures and Rationales for Systematic Literature Reviews protocol and the theory–context–characteristics–methodology framework. Based on the review findings, an integrated model of FSE is proposed, summarizing the study frameworks and constructs employed as antecedents, modifiers, and outcomes in investigating consumer's FSE. Further, the review has identified certain areas that were previously overlooked. As a result, a research agenda has been developed, consisting of 22 research questions and four research objectives, which will articulate the direction for future research. Finally, the paper concludes, signifying the contribution and practical implications for researchers, families, practitioners, and society in selecting the most effective measures for improving consumers' FSE.

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Section: Results Based On Tccm Frameworkmentioning

confidence: 99%

Section: (D) Education and Trainingmentioning

confidence: 99%

Section: Research Approaches Employedmentioning

confidence: 99%

Section: Descriptive Overviewmentioning

confidence: 99%

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Financial self‐efficacy of consumers: A review and research agenda

Gulati,

Singh

2024

Int J Consumer Studies

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“…Despite a substantial body of research examining the relationship between Big Five personality traits, financial risk-taking attitudes, and investment decision-making (Asebedo et al, 2022;Bucciol & Zarri, 2017;Goldfayn-Frank, 2018;Guillemette & Liu, 2022;Korankye et al, 2023;Liu et al, in press), significant gaps persist in our comprehension of this relationship. First, the predominant models used in previous research, probit or logit models, have not accounted for measurement error.…”

Section: Introductionmentioning

confidence: 99%

Personality, financial risk‐taking attitude, and older individuals' stock investment decisions

Liu,

Del Asebedo,

Pearson

2023

Fin Plan Rev

Self Cite

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This study investigates the relationship between personality traits and older individuals' stock investment decisions using structural equation modeling. The results suggest that greater openness and extraversion are associated with a higher propensity to participate in stock investments and hold a larger proportion of stock investments relative to their other financial assets. Additionally, the findings suggest that those with greater conscientiousness and agreeableness are less likely to hold stock investments and tend to hold smaller proportions of stock investments relative to other financial assets. Last, the results indicate that those with greater openness and extraversion are more willing to take financial risks, whereas those with greater conscientiousness and agreeableness display less willingness to take financial risks.

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