Financial Literacy and the Moderating Effects of Personality Traits on Financial Planning in Malaysia

Unlike previous financial literacy – financial planning research, we test the moderation effect of personality traits using Big-5 traits on the relationship. We collect 409 respondents and test the hypothesis using Structural Equation Model. This research offers several appealing features for an ana...

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Main Authors:	Stellia, Djapri, Brahmana, Rayenda Khresna, Puah, Chin Hong
Format:	Thesis
Language:	English
Published:	2019
Subjects:	B Philosophy (General) BF Psychology HG Finance
Online Access:	http://ir.unimas.my/id/eprint/25575/5/Stellia%20Djapri.pdf
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id	my-unimas-ir.25575
record_format	uketd_dc
spelling	my-unimas-ir.255752024-02-19T06:08:15Z Financial Literacy and the Moderating Effects of Personality Traits on Financial Planning in Malaysia 2019-07-04 Stellia, Djapri Brahmana, Rayenda Khresna Puah, Chin Hong B Philosophy (General) BF Psychology HG Finance Unlike previous financial literacy – financial planning research, we test the moderation effect of personality traits using Big-5 traits on the relationship. We collect 409 respondents and test the hypothesis using Structural Equation Model. This research offers several appealing features for an analysis of financial literacy and financial planning. Psychological factors are added as the moderating variable on that association. This study explores the relationship between psychological factors and financial planning from an empirical perspectives. Specifically, by conducting survey in Malaysia, this research analyzes the influence of psychological factors on financial planning at the individual level focusing on the demographic profiles and financial literacy level. Personality traits are classified according to the ‘Big Five’ taxonomy: openness to experience, conscientiousness, extraversion, agreeableness and neuroticism. Conscientiousness, extraversion and neuroticism exert relatively large influences on financial planning in terms of the levels of financial literacy held by each individual. In contrast, openness to experience and agreeableness appear to be unimportant in influencing financial planning. The findings also suggest that personality traits have different moderating effects with financial literacy. For example, only neuroticism trait is found to have small moderating effect with financial literacy towards financial planning, where the other four traits have no moderating effect at all. Universiti Malaysia Sarawak, (UNIMAS) 2019-07 Thesis http://ir.unimas.my/id/eprint/25575/ http://ir.unimas.my/id/eprint/25575/5/Stellia%20Djapri.pdf text en validuser phd doctoral UNIMAS FEB
institution	Universiti Malaysia Sarawak
collection	UNIMAS Institutional Repository
language	English
topic	B Philosophy (General) BF Psychology HG Finance
spellingShingle	B Philosophy (General) BF Psychology HG Finance Stellia, Djapri Brahmana, Rayenda Khresna Puah, Chin Hong Financial Literacy and the Moderating Effects of Personality Traits on Financial Planning in Malaysia
description	Unlike previous financial literacy – financial planning research, we test the moderation effect of personality traits using Big-5 traits on the relationship. We collect 409 respondents and test the hypothesis using Structural Equation Model. This research offers several appealing features for an analysis of financial literacy and financial planning. Psychological factors are added as the moderating variable on that association. This study explores the relationship between psychological factors and financial planning from an empirical perspectives. Specifically, by conducting survey in Malaysia, this research analyzes the influence of psychological factors on financial planning at the individual level focusing on the demographic profiles and financial literacy level. Personality traits are classified according to the ‘Big Five’ taxonomy: openness to experience, conscientiousness, extraversion, agreeableness and neuroticism. Conscientiousness, extraversion and neuroticism exert relatively large influences on financial planning in terms of the levels of financial literacy held by each individual. In contrast, openness to experience and agreeableness appear to be unimportant in influencing financial planning. The findings also suggest that personality traits have different moderating effects with financial literacy. For example, only neuroticism trait is found to have small moderating effect with financial literacy towards financial planning, where the other four traits have no moderating effect at all.
format	Thesis
qualification_name	Doctor of Philosophy (PhD.)
qualification_level	Doctorate
author	Stellia, Djapri Brahmana, Rayenda Khresna Puah, Chin Hong
author_facet	Stellia, Djapri Brahmana, Rayenda Khresna Puah, Chin Hong
author_sort	Stellia, Djapri
title	Financial Literacy and the Moderating Effects of Personality Traits on Financial Planning in Malaysia
title_short	Financial Literacy and the Moderating Effects of Personality Traits on Financial Planning in Malaysia
title_full	Financial Literacy and the Moderating Effects of Personality Traits on Financial Planning in Malaysia
title_fullStr	Financial Literacy and the Moderating Effects of Personality Traits on Financial Planning in Malaysia
title_full_unstemmed	Financial Literacy and the Moderating Effects of Personality Traits on Financial Planning in Malaysia
title_sort	financial literacy and the moderating effects of personality traits on financial planning in malaysia
granting_institution	UNIMAS
granting_department	FEB
publishDate	2019
url	http://ir.unimas.my/id/eprint/25575/5/Stellia%20Djapri.pdf
_version_	1794023000177115136

Financial Literacy and the Moderating Effects of Personality Traits on Financial Planning in Malaysia

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