Framework for developing reverse mortgage market in Malaysia

Malaysia is expected to become an ageing nation by the year 2020 when the population of the elderly people aged 60 years and above will hit the 10 percent globally recognised benchmark of ageing nation. Despite the fact that the elderly population are recognised as asset-rich, they are however co...

Full description

Saved in:

Bibliographic Details
Main Author:	Mohammed, Mohammed Ishaq
Format:	Thesis
Language:	English English English
Published:	2018
Subjects:	HG Finance
Online Access:	http://eprints.uthm.edu.my/215/1/24p%20MOHAMMED%20ISHAQ%20MOHAMMED.pdf http://eprints.uthm.edu.my/215/2/MOHAMMED%20ISHAQ%20MOHAMMED%20COPYRIGHT%20DECLARATION.pdf http://eprints.uthm.edu.my/215/3/MOHAMMED%20ISHAQ%20MOHAMMED%20WATERMARK.pdf
Tags:	Add Tag No Tags, Be the first to tag this record!

id	my-uthm-ep.215
record_format	uketd_dc
spelling	my-uthm-ep.2152021-07-13T01:13:42Z Framework for developing reverse mortgage market in Malaysia 2018-08 Mohammed, Mohammed Ishaq HG Finance Malaysia is expected to become an ageing nation by the year 2020 when the population of the elderly people aged 60 years and above will hit the 10 percent globally recognised benchmark of ageing nation. Despite the fact that the elderly population are recognised as asset-rich, they are however considered to be cash-poor, thus becoming vulnerable to the risk of financial insecurity. In an attempt to trigger discussion into the possibility of providing elderly compliant financial product that can be used to address old-age financial needs, this research aimed at developing a framework for reverse mortgage market development in Malaysia. The research used convergent-parallel mixed-method research design in a qual-QUAN context to administer interviews and survey questionnaires to bank professionals and household heads in Johor state respectively. Using a critical case sampling strategy, a total of 9 bank professionals were purposefully selected from eight commercial banks and Bank Negara Malaysia to participate in the interview. In the quantitative strand, a multi-stage purposeful random sampling strategy was used to administer questionnaires to a total of 600 household heads/representatives in Batu Pahat District. A total of 223 questionnaires were finally used in the analysis. The qualitative data was coded, categorised and then later analysed using Computer-Aided Qualitative Data Analysis Software (CAQDAS) Nvivo version 10. The quantitative data was analysed using Statistical Package for Social Science (SPSS) and Partial Least Squares Structural Equation Modelling Software, SmartPLS 3.2.6. The findings revealed that various economic, socio-demographic, institutional/political and behavioural factors would exert varying degree of influence in the development of reverse mortgage market in Malaysia. Similarly, the findings suggest that although individuals showed high willingness to use reverse mortgage in the future, the financial institutions may be sceptical to provide the product unless there is strong commitment from the government. 2018-08 Thesis http://eprints.uthm.edu.my/215/ http://eprints.uthm.edu.my/215/1/24p%20MOHAMMED%20ISHAQ%20MOHAMMED.pdf text en public http://eprints.uthm.edu.my/215/2/MOHAMMED%20ISHAQ%20MOHAMMED%20COPYRIGHT%20DECLARATION.pdf text en staffonly http://eprints.uthm.edu.my/215/3/MOHAMMED%20ISHAQ%20MOHAMMED%20WATERMARK.pdf text en validuser phd doctoral Universiti Tun Hussein Onn Malaysia Fakulti Pengurusan Teknologi dan Perniagaan
institution	Universiti Tun Hussein Onn Malaysia
collection	UTHM Institutional Repository
language	English English English
topic	HG Finance
spellingShingle	HG Finance Mohammed, Mohammed Ishaq Framework for developing reverse mortgage market in Malaysia
description	Malaysia is expected to become an ageing nation by the year 2020 when the population of the elderly people aged 60 years and above will hit the 10 percent globally recognised benchmark of ageing nation. Despite the fact that the elderly population are recognised as asset-rich, they are however considered to be cash-poor, thus becoming vulnerable to the risk of financial insecurity. In an attempt to trigger discussion into the possibility of providing elderly compliant financial product that can be used to address old-age financial needs, this research aimed at developing a framework for reverse mortgage market development in Malaysia. The research used convergent-parallel mixed-method research design in a qual-QUAN context to administer interviews and survey questionnaires to bank professionals and household heads in Johor state respectively. Using a critical case sampling strategy, a total of 9 bank professionals were purposefully selected from eight commercial banks and Bank Negara Malaysia to participate in the interview. In the quantitative strand, a multi-stage purposeful random sampling strategy was used to administer questionnaires to a total of 600 household heads/representatives in Batu Pahat District. A total of 223 questionnaires were finally used in the analysis. The qualitative data was coded, categorised and then later analysed using Computer-Aided Qualitative Data Analysis Software (CAQDAS) Nvivo version 10. The quantitative data was analysed using Statistical Package for Social Science (SPSS) and Partial Least Squares Structural Equation Modelling Software, SmartPLS 3.2.6. The findings revealed that various economic, socio-demographic, institutional/political and behavioural factors would exert varying degree of influence in the development of reverse mortgage market in Malaysia. Similarly, the findings suggest that although individuals showed high willingness to use reverse mortgage in the future, the financial institutions may be sceptical to provide the product unless there is strong commitment from the government.
format	Thesis
qualification_name	Doctor of Philosophy (PhD.)
qualification_level	Doctorate
author	Mohammed, Mohammed Ishaq
author_facet	Mohammed, Mohammed Ishaq
author_sort	Mohammed, Mohammed Ishaq
title	Framework for developing reverse mortgage market in Malaysia
title_short	Framework for developing reverse mortgage market in Malaysia
title_full	Framework for developing reverse mortgage market in Malaysia
title_fullStr	Framework for developing reverse mortgage market in Malaysia
title_full_unstemmed	Framework for developing reverse mortgage market in Malaysia
title_sort	framework for developing reverse mortgage market in malaysia
granting_institution	Universiti Tun Hussein Onn Malaysia
granting_department	Fakulti Pengurusan Teknologi dan Perniagaan
publishDate	2018
url	http://eprints.uthm.edu.my/215/1/24p%20MOHAMMED%20ISHAQ%20MOHAMMED.pdf http://eprints.uthm.edu.my/215/2/MOHAMMED%20ISHAQ%20MOHAMMED%20COPYRIGHT%20DECLARATION.pdf http://eprints.uthm.edu.my/215/3/MOHAMMED%20ISHAQ%20MOHAMMED%20WATERMARK.pdf
_version_	1747830556006023168

Framework for developing reverse mortgage market in Malaysia

Similar Items