Papers by Nuradibah Mokhtar
Generally, finance has been comprehended as an individual’s future cash flows which require a pro... more Generally, finance has been comprehended as an individual’s future cash flows which require a proper money management. Hence, financial management amongst individual could affect dissatisfaction or satisfaction of an individual’s financial situation which known as financial well-being. Financial characteristics is determined by, and therefore an indicator of the financial well-being. The main objective of this study was to examine the factors related to financial well-being among public employees. The family resource management theory, family stress management theory and ABCD-XYZ Resource Management Model of Crisis/Stress functioned as the basis for the theoretical framework of the study. A conceptual framework was established from the theoretical settings to identify the financial characteristics influences of demand related factors (financial stress,rewards and promotions, facility and safety and interrelationships), resource related factors (internal locus and external locus of c...
Malaysians have been adversely affected by the greatly increased cost of living in the last decad... more Malaysians have been adversely affected by the greatly increased cost of living in the last decade. The majority of them are feeling as if they are not able to cope with the current standard of living relative to the level of income they are generating. Many have been forced to work two jobs and it is not surprising that these challenges have made them desperate and susceptible to financial fraud and falling victims to financial scams. Economic challenges have impacted the way Malaysians save, spend, manage risks and invest in order to preserve their normal daily livelihood. Among the factors for this are the lack of understanding of how best to manage their finances and financial literacy. This research aims to reveal the financial literacy of Malaysians with information regarding financial understanding, knowledge, and skills that respondents possess. It applies a quantitative study method with a self-administered questionnaire to obtain relevant data from a sample of 2000 respond...
In recent decades, the severe change in the world economy indicated by changes of GDP has trigger... more In recent decades, the severe change in the world economy indicated by changes of GDP has triggered insightful effects on an individual’s well-being (Organization for Economic Co-operation and Development (OECD), 2013). Financial well-being play a big role in well-being of on individual (Kalia, 2016). As a matter of fact, Joo (2008) stated that financial well-being is a sub-element of general well-being which makes it among the five crucial elements of well-being (Rath & Harter, 2010b). Consequently, financial wellbeing research is increasingly popular in the 21st century (Rath & Harter, 2010a). Financial educators, coaches and practitioners work together hand-inhand to help people improve their financial lives and alleviate to a better financial well-being state
The rapidly changing world and financial landscape have resulted in the availability of newer and... more The rapidly changing world and financial landscape have resulted in the availability of newer and more attractive financing alternatives, thus attracting the attention of households and resulting in the increasing debt levels in developed and emerging countries alike. This is a worrying trend and nations are scrambling to ensure that their consumers are well-equipped with the knowledge and practice of financial capability to prevent the problem of overreliance on debt and welfare, as well as to enhance financial health sustainability. Therefore, this study aimed to reveal the impact of sociodemographic characteristics on the four domains of financial capability, namely planning ahead, managing money, choosing products, and staying informed. A self-administered questionnaire was distributed to a sample of 2000 respondents across Malaysia, whereby data analysis revealed that gender posed a significant effect on the domains of planning ahead and staying informed. In contrast, income di...
This study examines the relationship between financial stress, work environment, locus of control... more This study examines the relationship between financial stress, work environment, locus of control, financial behavior and financial well-being among public employees in Putrajaya. A survey was carried out to acquire data from 374 public employees using a self-administered online questionnaire, utilizing multistage random sampling. Results showed that financial stress (r= -0.643**, p< 0.01), work environment (r= 0.247**, p< 0.01), locus of control (r= 0.395**, p< 0.01) and financial behavior (r= 0.363**, p< 0.01) have significant relationship with financial well-being. It was discovered that respondents who were experiencing lower financial stress, have positive work environment, locus of control and financial behavior tend to have a better financial well-being. Financial stress (beta = -0.543, p< 0.01), work environment (beta = 0.080, p< 0.01), locus of control (beta = 0.132, p< 0.01) and financial behavior (beta = 0.244, p<0.01) have significant influence on...
Financial well-being is a perception of an individual’s financial situation. Mostly financial wel... more Financial well-being is a perception of an individual’s financial situation. Mostly financial well-being is connected with personal resource management. However, hardly any investigation has been done under financial stress situation while managing resources. This reflects that, resource management and stress management have been investigated separately which bring a gap in both areas. In understanding financial well-being, there is a need to integrate resource management and stress theory. Therefore, a model that covers both resource management and stress theory will be used namely Dollahite’s ABCD - XYZ Resource Management Model of Crisis or Stress. This paper studies some of the common predictor variables of financial well-being in resource management under stress circumstances through ABCD-XYZ Resources Management Model of Crisis or Stress. Hence, this may guide interested parties to integrate both areas in their field.
Journal of Asian Finance, Economics and Business, 2021
Asian Social Science, 2015
Public employee's innovativeness, responsiveness, efficiency and friendliness in services are the... more Public employee's innovativeness, responsiveness, efficiency and friendliness in services are the core prescriptions to enhance the competitiveness of one's country. Financial well-being and employees are two aspects that consequently related with each other that have received substantial deliberation from researchers, employers and financial advisor. Financial well-being can affect both direct and indirectly towards an individual, team and also organization. Changes in employee's financial well-being level whether it becomes high or low will affect their job performance. The purpose of this study is to discuss the level of public employee's financial well-being in Malaysia as well as to examine the determinants of financial well-being. A total of 73 questionnaires have been distributed through e-survey (email based) using convenient sampling technique in order to conduct this pilot test (pre-test). Only 30 public employees have participated in this study. The results identified that majority of public employees is at the moderate level of financial well-being. Even so, appropriate action should be taken through financial education in order to prevent worst case scenario in the future.
People generally see finance as anything that can be associated with the economic situation of th... more People generally see finance as anything that can be associated with the economic situation of the family. Thus, managing finances among individuals may result in satisfaction or dissatisfaction towards their financial situation, which is called financial well-being. Previous research regarding financial well-being has largely focused on factors such as financial stress, financial knowledge and financial behaviour. However, influences by the locus of control and work environment on financial well-being were little explored. Thus, this research studied the factors affecting financial well-being among public employees in Putrajaya, Malaysia. This study is a quantitative study using a set of online structured questionnaire to obtain the necessary data. A total of 207 completed questionnaires, out of 316 responded questionnaires, were analysed using Statistical Package for Social Science (SPSS) version 21. The results indicated that financial stress, work environment, locus of control a...
The Journal of Asian Finance, Economics and Business
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Papers by Nuradibah Mokhtar