The Role of Financial Capability and Culture in Financial Satisfaction

被引:13
|
作者
Cera, Gentjan [1 ,2 ]
Khan, Khurram Ajaz [1 ]
Belas, Jaroslav [1 ]
Ribeiro, Humberto Nuno Rito [3 ]
机构
[1] Tomas Bata Univ, Mostni 5139, Zlin 76001, Czech Republic
[2] Agr Univ Tirana, Tirana, Albania
[3] Univ Aveiro, Aveiro, Portugal
来源
ECONOMIC PAPERS | 2020年 / 39卷 / 04期
关键词
financial satisfaction; financial capability; financial advice; risk tolerance; culture; LIFE SATISFACTION; LITERACY; BEHAVIOR; EDUCATION; PREDICTORS; KNOWLEDGE; COUNTRIES; VARIANCE; SEEKING; ADVICE;
D O I
10.1111/1759-3441.12299
中图分类号
F [经济];
学科分类号
02 ;
摘要
This paper presents an integrated framework for understanding the determinants of financial satisfaction in the context of two European nations with different cultural environments. The direct, indirect and interactive effects were tested through the path analysis method. It was found that to be financially capable is imperative because it governs the impacts of financial attitude and financial knowledge on financial satisfaction. Moreover, findings show that culture matters in explaining differences between countries. Hence, individualistic societies, compared to collectivistic ones, reflect a stronger relationship between financial attitude and financial satisfaction. Additionally, countries showing a high propensity in avoiding uncertainty reflect a negative association between risk tolerance and financial satisfaction, while those lacking such preference manifest a positive relationship.
引用
收藏
页码:389 / 406
页数:18
相关论文
共 50 条
  • [41] Emerging adults' financial capability: A financial socialization perspective
    Marchant, Caroline
    Harrison, Tina
    [J]. INTERNATIONAL JOURNAL OF CONSUMER STUDIES, 2020, 44 (02) : 99 - 110
  • [42] Financial management practices and life satisfaction: Mediating effect of financial satisfaction
    Atatsi, Eli A.
    Azila-Gbettor, Edem M.
    Akuma-Zanu, Harriet
    Mensah, Christopher
    [J]. COGENT EDUCATION, 2023, 10 (02):
  • [43] Financial Planning for Retirement: The Mediating Role of Culture
    Ghadwan, Ahmad
    Ahmad, Wan Marhaini Wan
    Hanifa, Mohamed Hisham
    [J]. RISKS, 2022, 10 (05)
  • [44] Dynamics of personal financial management: a bibliometric and systematic review on financial literacy, financial capability and financial behavior
    Shi, Wenqian
    Ali, Muhammad
    Leong, Choi-Meng
    [J]. INTERNATIONAL JOURNAL OF BANK MARKETING, 2024,
  • [45] The financial literacy gender gap and the role of culture
    Rink, Ute
    Walle, Yabibal M.
    Klasen, Stephan
    [J]. QUARTERLY REVIEW OF ECONOMICS AND FINANCE, 2021, 80 : 117 - 134
  • [46] The role of financial behavior in mediating the influence of socioeconomic characteristics and neurotic personality traits on financial satisfaction
    Fachrudin, Khaira Amalia
    Pirzada, Kashan
    Iman, Muhammad Faidhil
    [J]. COGENT BUSINESS & MANAGEMENT, 2022, 9 (01):
  • [47] Financial Satisfaction and Homeownership
    Tharp, DerekT
    Seay, Martin
    Stueve, Cherie
    Anderson, Somer
    [J]. JOURNAL OF FAMILY AND ECONOMIC ISSUES, 2020, 41 (02) : 255 - 280
  • [48] Financial Satisfaction and Homeownership
    Derek T. Tharp
    Martin Seay
    Cherie Stueve
    Somer Anderson
    [J]. Journal of Family and Economic Issues, 2020, 41 : 255 - 280
  • [49] Building financial satisfaction
    Vera-Toscano, Esperanza
    Ateca-Amestoy, Victoria
    Serrano-Del-Rosal, Rafael
    [J]. SOCIAL INDICATORS RESEARCH, 2006, 77 (02) : 211 - 243
  • [50] Correlates of financial satisfaction
    Hsieh, CM
    [J]. INTERNATIONAL JOURNAL OF AGING & HUMAN DEVELOPMENT, 2001, 52 (02): : 135 - 153