Determinants of public servant income management

The study was conducted to analyse the determinants of public servant income management. Three independent variables were identified namely attitude towards money, financial capability and debt management while the dependent variable was financial wellbeing of public servants. Self-administered ques...

Full description

Saved in:
Bibliographic Details
Main Author: Ahmad Zafwan, Sulaiman
Format: Thesis
Language:eng
eng
Published: 2014
Subjects:
Online Access:https://etd.uum.edu.my/4701/1/s815934.pdf
https://etd.uum.edu.my/4701/7/s815934_abstract.pdf
Tags: Add Tag
No Tags, Be the first to tag this record!
id my-uum-etd.4701
record_format uketd_dc
institution Universiti Utara Malaysia
collection UUM ETD
language eng
eng
advisor Mohd Zain, Md. Lazim
topic HG Finance
spellingShingle HG Finance
Ahmad Zafwan, Sulaiman
Determinants of public servant income management
description The study was conducted to analyse the determinants of public servant income management. Three independent variables were identified namely attitude towards money, financial capability and debt management while the dependent variable was financial wellbeing of public servants. Self-administered questionnaires were distributed to 341 respondents in Putrajaya. Of these, 270 were returned giving a return rate of 79% of the whole targeted respondents. The Pearson’s Correlation and multiple regression tests were used to identify the relation and influence of attitude towards money, financial capability and debt management towards financial wellbeing. The result of the correlation analysis suggested that attitude towards money, financial capability and debt management is correlated to the financial wellbeing of public servants. The multiple regression results indicated that there is a positive influence between attitude towards money and financial capability with financial wellbeing of public servants. However, debt management shows no significant influence on the financial wellbeing of the public servants. Based on the results, some recommendations are proposed and the limitations of the study discussed. These should provide opportunity for further research
format Thesis
qualification_name masters
qualification_level Master's degree
author Ahmad Zafwan, Sulaiman
author_facet Ahmad Zafwan, Sulaiman
author_sort Ahmad Zafwan, Sulaiman
title Determinants of public servant income management
title_short Determinants of public servant income management
title_full Determinants of public servant income management
title_fullStr Determinants of public servant income management
title_full_unstemmed Determinants of public servant income management
title_sort determinants of public servant income management
granting_institution Universiti Utara Malaysia
granting_department Othman Yeop Abdullah Graduate School of Business
publishDate 2014
url https://etd.uum.edu.my/4701/1/s815934.pdf
https://etd.uum.edu.my/4701/7/s815934_abstract.pdf
_version_ 1747827783964295168
spelling my-uum-etd.47012022-04-09T23:17:39Z Determinants of public servant income management 2014 Ahmad Zafwan, Sulaiman Mohd Zain, Md. Lazim Othman Yeop Abdullah Graduate School of Business Othman Yeop Abdullah Graduate School of Business HG Finance The study was conducted to analyse the determinants of public servant income management. Three independent variables were identified namely attitude towards money, financial capability and debt management while the dependent variable was financial wellbeing of public servants. Self-administered questionnaires were distributed to 341 respondents in Putrajaya. Of these, 270 were returned giving a return rate of 79% of the whole targeted respondents. The Pearson’s Correlation and multiple regression tests were used to identify the relation and influence of attitude towards money, financial capability and debt management towards financial wellbeing. The result of the correlation analysis suggested that attitude towards money, financial capability and debt management is correlated to the financial wellbeing of public servants. The multiple regression results indicated that there is a positive influence between attitude towards money and financial capability with financial wellbeing of public servants. However, debt management shows no significant influence on the financial wellbeing of the public servants. Based on the results, some recommendations are proposed and the limitations of the study discussed. These should provide opportunity for further research 2014 Thesis https://etd.uum.edu.my/4701/ https://etd.uum.edu.my/4701/1/s815934.pdf text eng public https://etd.uum.edu.my/4701/7/s815934_abstract.pdf text eng public masters masters Universiti Utara Malaysia Anderloni, L., & Vandone, D. (2008). Household over-indebtedness in the economic literature. Working paper of Dipartimento Di Scienze Economiche Aziendali E Statistiche. Anderloni, L., & Vandone, D. (2010). Risk off over-indebtedness and behavioural factors, Working paper of Dipartimento Di Scienze Economiche Aziendali E Statistiche. Atkinson, A., McKay, S., Kempson, E., & Collard, S. (2006). Levels of financial capability in the UK. Results of a baseline survey. Bristol: University of Bristol. Bailey K.D. (2002). Methods of social Research. New York : Fee Press. Bank Negara Full Report 2013. Baumeister, R. F. (2008). Yielding to temptation: self-control failure, impulsive purchasing, and consumer behavior. Jurnal Pengguna. 28,670-676. Baumeister, R. F., Bratslavsky, E., Muraven, M., & Tice, D. M. (1998). Ego depletion: Is the active self a limited resource? Journal of Personality and Social Psychology, 74(5), 1252-1265. Becker T.A., & Shabani, R., (2010) Outstanding Debt and the Household Portfolio, The Review of Financial Studies / v 23 n 7, Oxford University Press. Bensaid, B., Fadila, G., Roslan, M.N., & Yakub Z.M.Y. (2013). Enduring financial debt: An Islamic perspective. Middle East Journal of Scientific Research, 13(2) pp 162-170. Berita Harian (2013). Kesempitan hidup punca ramai cerai: 'Urus kewangan perlu ditekan' dated 12 August 2013 Retrieved from http://www2.bharian.com.my/articles/Kesempitan hiduppuncaramaicerai__Uruskewanganperluditekan_/Article/. Berita Harian (2013). Bekas KP Imigresen dijatuhi hukuman penjara dated 30 October 2013 Retrieved from http://www.bharian. com.my/articles/BekasKPImigresendijatuhihukuman penjara/Article/. Besley, T. & Persson, T. (2010), State Capacity, Conflict, and Development. Econometrica, 78: 1-34. Borg, W.R. & Gall, M.D. (1979). Applying Educational Research : A Practical Guide. Boston, Mass.: Pearson/Allyn & Bacon. Campbell, D. & Fiske, D. (1959). "Convergent and Discriminant Validation", Psychological. Bulletin, Vol. 56, h. 81-105. Campbell, J. (2006), ―Household Finance, Journal of Finance, 61, pp.1553-1604 Casey, B.J. (2004).Developmental Psychobiology. Washington, D.C.: American Psychiatric Publishing, 176. Cheema, A. & Soman, D. (2006). Malleable mental accounting: The effect of flexibility on the justification of attractive spending and consumption decisions. Journal Of Consumer Psychology, 16(1), 33-44. Christopher, A.N., Marek, P., & Carroll, S.M. (2004). Materialism and attitudes toward money: An exploratory investigation. Individual Differences Research, 2, 109–117. Cohen, J. (1988). Statistical Power Analysis for the Behavioral Science. 2nd Ed. Lawrence Erlbaum Associates Publishers. Cox, A., Hooker, H., Markwick, C., & Reilly, P,. (2009). Financial Wellbeing in the Workplace. Institute for Employment Studies, University of Sussex, United Kingdom. Credit Management and Counselling Agency (AKPK) Media Fact Sheet as of July 2013 Credit Management and Counselling Agency (AKPK) Media Fact Sheet as of May 2014 Creswell, J.W. (2004). Research design: Qualitative & quantitative approaches. Sage Publications, Thousand Oaks, Calif. D’ Alessio, G., & Lezzi, S. (2012). Household over-indebtedness; Definition and measurement with Italian data. Working paper of Economic and Financial Statistics Department, Bank of Italy. Department of the Treasury, President’s Advisory Council on Financial Capability. (2012). Interim report of the President’s advisory council on financial capability. Retrieved from http://www.treasury.gov/resource center/financialeducation/Documents/PACFC%20 Interim% 20Report%20-%20January%2018,%202012.pdf Dixon, M. (2006) Rethinking financial capability: Lessons from economic psychology and behavioural finance. London, UK: ippr. Eccles, J., Templeton, J., Barber, B., & Stone, M. (2003). Adolescence and emerging adulthood: The critical passage ways to adulthood Ellen, P. S. (1994). Do we know what we need to know? Objective and subjective knowledge effects on pro-ecological behaviors. Journal of Business Research, 30, 43–52. Eagly, A.H., & Chaiken S., (1993). The psychology of attitudes. Orlando, FL, US: Harcourt Brace Jovanovich College Publishers. Fazli, M.S., & Mumtazah, O. (2010). Financial literacy:Research, education and policy implication. Family and Consumer Sciences Research Journal, 14, 53-71. Fazli, M.S., Leila, F. (2003). Predictors of Financial Well-Being among Malaysian Employees: Examining the Mediate Effect of Financial Stress. Journal of Emerging Economies and Islamic Research. Vol. 1. FINRA Investor Education Foundation (2009). Financial Capability in the United States: National Survey—Executive Summary. Washington, DC. Retrieved from http://www.finrafoundation.org/web/groups/ foundation/@foundation/documents/foundation/ p120535.pdf. Fogel, J., & Schneider, M. (2011) Credit card use: disposable income and employment status. Young consumers. Vol. 12. Emerald Group Publishing Limited. Furnham. A, (1984). Many Sides of the Coin: the Psychology of Money Usage. Personality and Individual Differences, 5, 501-509. Garman, E.T., Leech, I.E. & Grable, J.E. (1996). The negative impact of employee poor personal financial behaviors on employers . Financial Counselling and Planning, 7, 157-168. Green, S.B, & Salkind, N.J., (2006). Using SPSS for Windows and Macintosh; Analyzing and Understanding Data, Fifth Edition, Upper Saddle River, New Jersey: Pearson/Prentice Hall. Gujarati (2005). Basic Econometrics (Translation by Sumarno Zain). Jakarta. Erlangga. Hair, J.F., & Bush R.P. (2003) Marketing Research Within a Changing Information Environment. Tata McGraw-Hill. Hanley, A., & Wilhelm, M. (1992) Compulsive Buying: An exploration into self-esteem and money attitudes. Journal of Economic Psychology, 13, 5-18. Hanson, A., Forsell, Y., Hochwalder, J., & Hilleras, P. (2008). Impact of changes in life circumstances on subjective well-being in an adult population over a 3-year period. Public Health, 122, 1392–1398. Harian Metro (2011). Nikah Tebus Hutang Karpet dated 3 February 2011 Retrieved from http://www.hmetro.com.my/articles/Nikahtebus hutangkarpet/Article. Henry, G. T. (1990). Practical sampling. Newbury Park, CA: Sage. Kerlinger, F.N. (1973). Foundations of Behavioral Research. 2nd edition. Holt, Rinehart and Winston, Inc., American Problem Series, New York. Kim, J., Garman, E.T., & Sorhaindo, B. (2003). Relationships among credit counselling, financial well-being and health. Consumer Interests Annual, 49, 1-12. Knight, J.A. (1968). For the Love of Money, New York: J. B. Lippincott Co., 12. Krejcie, R.V., & Morgan, D.W., (1970). Determining Sample Size for Research Activities. Educational and Psychological Measurement. The NEA Research Bulletin, Vol. 38, 99. Legge, J., & Heynes, A. (2009) Beyond Reasonable Debt: A Background Report on the Indebtedness of New Zealand Families. Social Policy Journal of New Zealand, Issue 35. Leila, F., & Laily, P,. (2011). A comparative study in Money Attitude among University Students: A Gendered View. Journal of American Science, 7(6) 1144-1148. Lindgren, H.C. (1980). Great Expectations: The Psychology of Money, Los Altos: William Kaufmann, Inc., 58-99. Lown, J.M. & Ju I.S., (1992). A Model of Credit Use and Financial Satisfaction. Journal of Financial Counseling and Planning, 3, 105-125. Lusardi, A. (2011) Americans’ Financial Capability. National Bureau of Economic Research Reports, Harvard Business School. Lusardi, A., & Tufano, P. (2008) Debt Literacy, Financial Experiences and Over indebtedness. National Bureau of Economic Research Reports, Harvard Business School. Malhotra, M. K., Steel, D. C. & Grover, V. (2007). Decision Sciences: Important Strategic and Tactical Manufacturing Issues. Volume 25, Issue 2. Mason, H.K. (2002). Consumer Credit and Spending Trends. Bernstein Research, Sanford C. Bernstein & Co. Moore, D. (2003). Survey of Financial Literacy in Washington State: Knowledge, Behavior, Attitudes, and Experiences. Technical Report n. 03-39, Social and Economic Sciences Research Center, Washington State University. Mottola, G.R. (2014). The Financial Capability of Young Adults - A Generational View. FINRA Foundation Financial Capability Insights. Nuraini, A., Fazli, M.S., Husniyah, A.R., Mohd Amim, O., Mastura, M.A., & Nurul Farhana, Z. (2013). Pengurusan Kewangan Dalam Kalangan Pekerja Muda, Jurnal Pengguna Malaysia, Jilid 21, Universiti Putra Malaysia. Opsahl, R. L., & Dunnette, M. D. (1966). The role of financial incentives in industrial motivation. Psychological Bulletin Vol. 66, 95–116. Polit, D.F., & Beck, C.T. (2004). Nursing Research: Principles and Methods. 7th Ed. Lippincott Williams and Wilkins. Porter, N.M., & Garman E.T. (1993) Testing a Conceptual Model of Financial Well-Being. Financial Counselling and Planning, Vol. 4, 135-165. Raduan C.R (2002) Japanese-Style Management Abroad: The Case of Malaysian Subsidiaries. Kuala Lumpur: Prentice Hall/Pearson Education. Raju, P. S., Lonial, S. C., & Mangold, W. G. (1995). Differential effects of subjective knowledge, objective knowledge, and usage experience on decision making: An exploratory investigation. Journal of Consumer Psychology, 4(2), 153–180 Remund, D.L. (2010). Financial literacy explicated: The case for a clearer definition in an increasingly complex economy. The Journal of Consumer Affairs, 44(2), 276-295. Roberts, J.A. & Jones, E. (2001) Money Attitudes, Credit Card Use, and Compulsive Buying among American College Students. Journal of Consumer Affairs, Volume 35. Rohana, Y., Mahyuddin, A,. & Nuruhilamani, S.B. (2004). Implikasi Pembelajaran Berasaskan Amali Terhadap Pembentukan Kerjaya Jurutera. Universiti Teknologi Mara. Sabitha, M. (2005). Kaedah penyelidikan sains sosial. Prentice Hall Pearson, Petaling Jaya, Malaysia. Salkind, N.J. (2006) Exploring Research. 6th Ed. Pearson Prentice Hall. Sekaran, U. (2000). Research Methods for Business: A Skill Building Approach. New York: John Wiley and Sons. Sekaran, U. (2003). Research Methods for Business, a Skill-Building Approach, 4th Ed., John Wiley and Sons Inc. Sekaran, U., & Bougie, R. (2013) Research Methods for Business: A Skill Building Approach. 6th Ed., John Wiley and Sons Inc Serido, J., Shim, S., & Tang, C. (2013) A developmental model of financial capability: A framework for promoting a successful transition to adulthood. International Journal of Behavioral Development 2013 Vol. 37. Shim, J.K., & Siegel, J.G., (1995). Dictionary of Economics. John Wiley & Sons. Sherraden, M.S., (2010). Financial Capability: What Is It and How It Can Be Created? Center for Social Development. Washington University in St. Louis. Strumpel, B. (1976). Economic means for human needs. Ann Arbor, MI: Institute for Social Research. Tashakkori, A., & Teddlie, C. (1998). Mixed Methodology: Combining Qualitative and Quantitative Approaches. Sage Publications. Thums, S.L., Newman, B.M., & Xiao, J.J.(2008). Credit card debt reduction and development stages of the lifespan. Journal of Personal Finance, 6, 86-107. Utusan (2014). Hutang Anggota TLDM Membimbangkan–Abdul Aziz dated 4 October 2014 Retrieved from http://www.utusan.com.my/berita/nasional/hutang-anggota-tldmmembimbangkan-abdul-aziz-1.11596. Wernimont, P.F. and Fitzpatrick, S. (1972). 'The meaning of money', Journal of Applied Psychology Vol.56 (3), 218-226. Whitsett, C.H., (2012). High debt, low information: A survey of student loan borrowers. NERA Economic Counsulting on Behalf of Young Invicibles. Williams, F.L., Haldeman, V. & Cramer, S. (1996). Effect of financial concerns upon workplace behaviour and productivity. Financial Counselling and Planning, Vol. 7, 147-155. Zafar, U.A., Ishak. I., Sadiq, S., Ibrahim, T., & Hasbalaila, A. (2010). Malaysian consumers’ credit card usage behaviour. Asia Pacific Journal of Marketing and Logistics, Vol 22 No.4, pp 528-544. Zeti, A.A. (2013), Report On Financial Stability And Payment Systems Of 2012 submitted to the Prime Minister on 20th March 2013. Central Bank of Malaysia. Zikmund, W.G. (2003). Business Research Methods. 7th Ed. South-Western Ohio