Determining factors of financial literacy among settlers in Felda Bukit Tangga, Kedah

The purpose of this study is to determine the level of personal financial literacy among the settlers of FELDA Bukit Tangga, Kedah. It also examines the factors that determine the level of personal financial literacy level among the FELDA settlers. A personal financial literacy test was developed a...

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Main Author:	Muhd Hafirzan, Abdul Aziz
Format:	Thesis
Language:	eng eng
Published:	2014
Subjects:	HG Finance
Online Access:	https://etd.uum.edu.my/4361/1/s812329.pdf https://etd.uum.edu.my/4361/2/s812329_abstract.pdf
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id	my-uum-etd.4361
record_format	uketd_dc
institution	Universiti Utara Malaysia
collection	UUM ETD
language	eng eng
advisor	Mazlan, Ahmad Rizal
topic	HG Finance
spellingShingle	HG Finance Muhd Hafirzan, Abdul Aziz Determining factors of financial literacy among settlers in Felda Bukit Tangga, Kedah
description	The purpose of this study is to determine the level of personal financial literacy among the settlers of FELDA Bukit Tangga, Kedah. It also examines the factors that determine the level of personal financial literacy level among the FELDA settlers. A personal financial literacy test was developed and it comprises of 10 questions pertaining to various basic personal finance areas such as time value of money, risk and return, investment and inflation. In addition, a questionnaire consisting of 20 items was developed to examine the determinants of personal financial literacy level. This questionnaire contains several personal finance aspects, namely, parental factor, credit management, savings, investment, retirement planning, education, gender, age, income, and years of working. The average score of the financial literacy test for the FELDA sample is only 45.6%. Generally, the respondents scored badly on questions pertaining to inflation, risk and return, stocks and bonds, diversification and time value of money. The findings of the study revealed that generally the most significant problems faced by the FELDA Bukit Tangga settlers are that their education level is low, low and inconsistent income, limited scope of working experience and relatively low level of financial literacy. In the regression analysis findings, two variables that are found to be significant in determining the financial literacy level is credit management behaviour (CREDIT) and investment behaviour (INVEST). The findings have particularly implicated to the FELDA management and other relevant agencies that they can objectively assess the FELDA settlers’ personal financial level as well as develop specific training programmes for them.
format	Thesis
qualification_name	masters
qualification_level	Master's degree
author	Muhd Hafirzan, Abdul Aziz
author_facet	Muhd Hafirzan, Abdul Aziz
author_sort	Muhd Hafirzan, Abdul Aziz
title	Determining factors of financial literacy among settlers in Felda Bukit Tangga, Kedah
title_short	Determining factors of financial literacy among settlers in Felda Bukit Tangga, Kedah
title_full	Determining factors of financial literacy among settlers in Felda Bukit Tangga, Kedah
title_fullStr	Determining factors of financial literacy among settlers in Felda Bukit Tangga, Kedah
title_full_unstemmed	Determining factors of financial literacy among settlers in Felda Bukit Tangga, Kedah
title_sort	determining factors of financial literacy among settlers in felda bukit tangga, kedah
granting_institution	Universiti Utara Malaysia
granting_department	Othman Yeop Abdullah Graduate School of Business
publishDate	2014
url	https://etd.uum.edu.my/4361/1/s812329.pdf https://etd.uum.edu.my/4361/2/s812329_abstract.pdf
_version_	1747827722383523840
spelling	my-uum-etd.43612022-08-03T01:59:55Z Determining factors of financial literacy among settlers in Felda Bukit Tangga, Kedah 2014 Muhd Hafirzan, Abdul Aziz Mazlan, Ahmad Rizal Othman Yeop Abdullah Graduate School of Business Othman Yeop Abdullah Graduate School of Business HG Finance The purpose of this study is to determine the level of personal financial literacy among the settlers of FELDA Bukit Tangga, Kedah. It also examines the factors that determine the level of personal financial literacy level among the FELDA settlers. A personal financial literacy test was developed and it comprises of 10 questions pertaining to various basic personal finance areas such as time value of money, risk and return, investment and inflation. In addition, a questionnaire consisting of 20 items was developed to examine the determinants of personal financial literacy level. This questionnaire contains several personal finance aspects, namely, parental factor, credit management, savings, investment, retirement planning, education, gender, age, income, and years of working. The average score of the financial literacy test for the FELDA sample is only 45.6%. Generally, the respondents scored badly on questions pertaining to inflation, risk and return, stocks and bonds, diversification and time value of money. The findings of the study revealed that generally the most significant problems faced by the FELDA Bukit Tangga settlers are that their education level is low, low and inconsistent income, limited scope of working experience and relatively low level of financial literacy. In the regression analysis findings, two variables that are found to be significant in determining the financial literacy level is credit management behaviour (CREDIT) and investment behaviour (INVEST). The findings have particularly implicated to the FELDA management and other relevant agencies that they can objectively assess the FELDA settlers’ personal financial level as well as develop specific training programmes for them. 2014 Thesis https://etd.uum.edu.my/4361/ https://etd.uum.edu.my/4361/1/s812329.pdf text eng public https://etd.uum.edu.my/4361/2/s812329_abstract.pdf text eng public masters masters Universiti Utara Malaysia Agarwal, S., Driscoll, J. C., Gabaix, X., and Laibson, D. (2007). “The Age of Reason: Financial Decisions over the Lifecycle,” mimeo, Harvard University. Agarwal, S., John C. Driscoll, Gabaix, X., and Laibson, D. (2009a). “The Age of Reason: Financial Decisions over the Life-Cycle with Implications for Regulation.” Brookings Papers on Economic Activity. Agnew, J. R., and Szykman, L. R. (2005). “Asset Allocation and Information Overload: The Influence of Information Displays,” Journal of Behavioral Finance, 6(2): 57-70. Ahmad Sharifuddin, A. G. (1992). 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Determining factors of financial literacy among settlers in Felda Bukit Tangga, Kedah

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