The Mediating Role of Rational Buying in the Relationship between Financial Literacy and Financial Well-being
Year: 2016
Type: article
Study design: Observational Study
Abstract: Recently, financial well-being has become a growing topic of interest among personal financial researchers and personal financial planners.The study aims to investigate the demographic and personal financial knowledge determinants of financial well-being among Egyptians.Using data sample of 386 respondents and multiple regression analysis, the results display that gender, age, educational level, income and marital status are demographical determinants of financial well-being.Moreover, the results demonstrate that financial literacy and rational buying are knowledge and behavioural determinants of financial well-being.Furthermore, the results of Baron and Kenny approach to test the mediating role show that rational buying partially mediates the relationship between financial literacy and financial well-being.The results are discussed from the perspective of the theory of planned behaviour and motivation theory.
Author: Amir Shusha
Language: English
Subfield: Finance
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W2273697389