Factors predicting financial well-being of government employees in selected states in Malaysia

Financial well-being is an important aspect of overall well-being as it determines how financially stable or satisfied a working individual is in their current situation. There are many factors that can predict the likelihood of a high level of financial well-being and several of the factors based o...

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Main Author:	Fazan Ahmad, Noor Diyana
Format:	Thesis
Language:	English
Published:	2014
Subjects:	Financial literacy Saving and investment - Malaysia
Online Access:	http://psasir.upm.edu.my/id/eprint/60398/1/FEM%202014%2043IR.pdf
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id	my-upm-ir.60398
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spelling	my-upm-ir.603982018-04-26T04:04:40Z Factors predicting financial well-being of government employees in selected states in Malaysia 2014-07 Fazan Ahmad, Noor Diyana Financial well-being is an important aspect of overall well-being as it determines how financially stable or satisfied a working individual is in their current situation. There are many factors that can predict the likelihood of a high level of financial well-being and several of the factors based on past research were focused in this study. These factors consist of the resources available currently and how it will be implemented to predict either a high or low level of financial well-being. Thus, the aim of this study is to determine the strongest predictor of government employees‟ financial well-being. Among the factors are socio-economic factors such as income level, gender, age, education level and strata as well as financial problems, locus of control and dimensions of financial management practices which includes cash-flow, savings, credit management and risk management. To determine the sampling areas, the multi-stage random sampling method is used and the states selected were Pahang, Kelantan, Johor, Melaka and Negeri Sembilan. Each state was categorized into urban and rural areas. Lists of government departments were obtained for each urban and rural area of the selected states departments in the second stage of sampling. Before the distribution of the questionnaires, permissions were obtained from the selected departments and a total of 472 usable questionnaires were collected. Statistical Package for Social Sciences (SPSS) was used to analyse the data for this research and the tests used were Pearson Correlation, t-Test analysis, Chi-Square Analysis and Logistic Regression analysis. Results from this study showed that the most significant factor in predicting the likelihood of high level of financial wellbeing was credit management. Following this, the other significant predictors of financial well-being were income, locus of control, education and financial problems. Therefore, several steps should be taken by the government, educators, relevant agencies and government employees to ensure a higher level of financial well-being. Steps that should be taken such as providing opportunities for government employees to increase their income and encourage good financial management practice. Financial management practices especially in terms of credit management from an early age through education should be encouraged, to ensure a high level of financial well-being among government employees in Malaysia. Financial literacy Saving and investment - Malaysia Malaysia - Officials and employees - Finance, Personal 2014-07 Thesis http://psasir.upm.edu.my/id/eprint/60398/ http://psasir.upm.edu.my/id/eprint/60398/1/FEM%202014%2043IR.pdf text en public masters Universiti Putra Malaysia Financial literacy Saving and investment - Malaysia Malaysia - Officials and employees - Finance, Personal
institution	Universiti Putra Malaysia
collection	PSAS Institutional Repository
language	English
topic	Financial literacy Saving and investment - Malaysia Financial literacy
spellingShingle	Financial literacy Saving and investment - Malaysia Financial literacy Fazan Ahmad, Noor Diyana Factors predicting financial well-being of government employees in selected states in Malaysia
description	Financial well-being is an important aspect of overall well-being as it determines how financially stable or satisfied a working individual is in their current situation. There are many factors that can predict the likelihood of a high level of financial well-being and several of the factors based on past research were focused in this study. These factors consist of the resources available currently and how it will be implemented to predict either a high or low level of financial well-being. Thus, the aim of this study is to determine the strongest predictor of government employees‟ financial well-being. Among the factors are socio-economic factors such as income level, gender, age, education level and strata as well as financial problems, locus of control and dimensions of financial management practices which includes cash-flow, savings, credit management and risk management. To determine the sampling areas, the multi-stage random sampling method is used and the states selected were Pahang, Kelantan, Johor, Melaka and Negeri Sembilan. Each state was categorized into urban and rural areas. Lists of government departments were obtained for each urban and rural area of the selected states departments in the second stage of sampling. Before the distribution of the questionnaires, permissions were obtained from the selected departments and a total of 472 usable questionnaires were collected. Statistical Package for Social Sciences (SPSS) was used to analyse the data for this research and the tests used were Pearson Correlation, t-Test analysis, Chi-Square Analysis and Logistic Regression analysis. Results from this study showed that the most significant factor in predicting the likelihood of high level of financial wellbeing was credit management. Following this, the other significant predictors of financial well-being were income, locus of control, education and financial problems. Therefore, several steps should be taken by the government, educators, relevant agencies and government employees to ensure a higher level of financial well-being. Steps that should be taken such as providing opportunities for government employees to increase their income and encourage good financial management practice. Financial management practices especially in terms of credit management from an early age through education should be encouraged, to ensure a high level of financial well-being among government employees in Malaysia.
format	Thesis
qualification_level	Master's degree
author	Fazan Ahmad, Noor Diyana
author_facet	Fazan Ahmad, Noor Diyana
author_sort	Fazan Ahmad, Noor Diyana
title	Factors predicting financial well-being of government employees in selected states in Malaysia
title_short	Factors predicting financial well-being of government employees in selected states in Malaysia
title_full	Factors predicting financial well-being of government employees in selected states in Malaysia
title_fullStr	Factors predicting financial well-being of government employees in selected states in Malaysia
title_full_unstemmed	Factors predicting financial well-being of government employees in selected states in Malaysia
title_sort	factors predicting financial well-being of government employees in selected states in malaysia
granting_institution	Universiti Putra Malaysia
publishDate	2014
url	http://psasir.upm.edu.my/id/eprint/60398/1/FEM%202014%2043IR.pdf
_version_	1747812267490017280

Factors predicting financial well-being of government employees in selected states in Malaysia

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