Determinant of Saving Behavior among Staff in International Islamic University College Selangor

DOI

10.2991/iceb-15.2015.35How to use a DOI?

Keywords

saving behavior; financial management practice; financial distress; financial literacy

Abstract

This paper analyses the relationship of saving behavior to financial management practice, financial distress, and financial literacy. This paper utilized questionnaire- based surveys to obtain information about saving behavior. The sample comprised of 150 KUIS staffs in academic and administration department. The study provides an in-depth analysis of respondents’ financial management practice, financial distress, and financial literacy was measured with a 5-point Likert scale. The findings show that all the financial management practice, financial distress, and financial literacy have positive association with the saving behavior. All these 3 independent variables significantly predicted saving behavior. Furthermore, financial management practice is the major determinants of saving behavior due to the strongest relationship with saving behavior. The results also indicate that KUIS need for financial education programs for staff to be directed at facilitating changes in financial management practices, diminish financial distress and improving financial knowledge. We have recommended that workplace financial education programs could improve staffs’ financial constraints by reducing financial distress

Copyright

© 2015, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Nurul Wajhi Ahmad
AU  - Mawar Murni Yunus
AU  - Nuzul Akhtar Baharudin
AU  - Norhanizah Johari
AU  - Norazlina Ripain
PY  - 2015/05
DA  - 2015/05
TI  - Determinant of Saving Behavior among Staff in International Islamic University College Selangor
BT  - Proceedings of the International Conference on Economics and Banking 2015
PB  - Atlantis Press
SP  - 239
EP  - 245
SN  - 2352-5428
UR  - https://doi.org/10.2991/iceb-15.2015.35
DO  - 10.2991/iceb-15.2015.35
ID  - Ahmad2015/05
ER  -