Financial capabilities and financial behavior of overseas Filipino workers in South Korea

Kim, Minjung; Gyoung, Koo Hye; Jang, Juyoung

doi:10.1177/01171968221113342

Cited by 4 publications

(6 citation statements)

References 30 publications

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“…The FSE of consumers tends to be influenced by various psychological factors, such as task orientation (Asebedo, Seay, et al, 2019), attitude towards banks (Losada‐Otálora & Alkire, 2019), positive attitude towards savings and borrowings (Zia‐ur‐Rehman et al, 2021), emotional regulation (Kim, Koo, & Jang, 2022), and risk tolerance (Naveed et al, 2021). According to the findings of the Kim, Koo, and Jang (2022) study, emotion regulation is positively connected with FSE in couples, indicating that individuals who are better at regulating their emotions have higher levels of confidence in their financial ability. In contrast to other findings, Zia‐ur‐Rehman et al (2021) study contends that psychological attitudes toward borrowing and saving have no substantial influence on FSE and FWB.…”

Section: Results Based On Tccm Frameworkmentioning

confidence: 99%

Section: Results Based On Tccm Frameworkmentioning

confidence: 99%

“…The research studies investigating FSE have applied several analytical techniques. The most extensively applied techniques include regression analysis which further comprises hierarchical regression (Kim, Koo, & Jang, 2022; Lin & Huang, 2021); logistic regression (Brooks & Williams, 2022; Furrebøe et al, 2023; Grimes et al, 2022; Noor et al, 2020; Reyers, 2019) and Ordinary Least Squares regression (Asebedo & Seay, 2018; Brady et al, 2021; Montford & Goldsmith, 2016; Salas‐Velasco, 2022) followed by structural equation modeling (Asebedo et al, 2022; Bhatia et al, 2021; Fan, 2023; Hentzen et al, 2022; Kim, Falconier, & Conway, 2023; Lone & Bhat, 2022; Mathew et al, 2022; Oquaye et al, 2022). Besides, ANOVA (Amagir et al, 2020; Hoffmann & Plotkina, 2021; Kim, 2021; Liu & Zhang, 2021; Loke et al, 2015) and factor analysis (Dare et al, 2022; Lin & Huang, 2021; Liu & Zhang, 2021; Naveed et al, 2021; Oquaye et al, 2022) have also been frequently used.…”

Section: Results Based On Tccm Frameworkmentioning

confidence: 99%

“…In this vein, an experimental study can be designed that presents participants with the selected financial problem (Shim et al, 2019). Finally, researchers can use the sample of couples to test the Actor‐Partner Interdependence Model which allows them to determine if an interaction effect exists, whereby the FSE of one person (the actor) affects not only their own but also their partner's FWB (Kim, Falconier, & Conway, 2022).…”

Section: Discussion and Future Research Agendamentioning

confidence: 99%

“…The Journal of Consumer Affairs and the Journal of Financial Counselling and Planning are the prominent outlets, accounting for 25% (16/64) of the studies in the current sample. The studies concerning FSE has published in other eminent journals, such as the International Journal of Bank Marketing (Akhtar & Das, 2019; Lin & Huang, 2021; Losada‐Otálora & Alkire, 2019; Mindra et al, 2017; Naveed et al, 2021), and the Journal of Family and Economic Issues with five studies (Asebedo et al, 2022; Dare et al, 2022; Kim, Koo, & Jang, 2022; Robb, 2017; Vijaykumar, 2022), the International Journal of Consumer Studies with four studies (Fan, 2023; Hentzen et al, 2022; Montford & Goldsmith, 2016; Reyers, 2019), the International Review of Economics Education (Amagir et al, 2020; Grimes et al, 2022), the Investment Management and Financial Innovations (Mulasi et al, 2022; Sang, 2021) and the Journal of Behavioral Finance (Asebedo & Payne, 2019; Asebedo, Seay, et al, 2019) with two studies each. These academic journals publish research articles within the field of personal finance, behavioral economics, and consumer behavior, covering empirical, review, experimental, and conceptual studies.…”

Section: Descriptive Overviewmentioning

confidence: 99%

See 4 more Smart Citations

Financial self‐efficacy of consumers: A review and research agenda

Gulati,

Singh

2024

Int J Consumer Studies

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As an essential psychological construct, financial self‐efficacy (FSE) has garnered considerable attention in the field of consumer finance and demonstrated its influence on financial outcomes. FSE has been regarded as a learned belief rather than an innate quality that can be nurtured over time. Notwithstanding the increasing significance of understanding consumers' FSE, this particular line of literature has not been examined as an independent research domain. Accordingly, this framework‐based review comprehensively represents the current state of literature on FSE by covering 64 articles published between 1999 and 2023, compiled based on the Scientific Procedures and Rationales for Systematic Literature Reviews protocol and the theory–context–characteristics–methodology framework. Based on the review findings, an integrated model of FSE is proposed, summarizing the study frameworks and constructs employed as antecedents, modifiers, and outcomes in investigating consumer's FSE. Further, the review has identified certain areas that were previously overlooked. As a result, a research agenda has been developed, consisting of 22 research questions and four research objectives, which will articulate the direction for future research. Finally, the paper concludes, signifying the contribution and practical implications for researchers, families, practitioners, and society in selecting the most effective measures for improving consumers' FSE.

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Section: Results Based On Tccm Frameworkmentioning

confidence: 99%

Section: Results Based On Tccm Frameworkmentioning

confidence: 99%

Section: Results Based On Tccm Frameworkmentioning

confidence: 99%

Section: Discussion and Future Research Agendamentioning

confidence: 99%

Section: Descriptive Overviewmentioning

confidence: 99%

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Financial self‐efficacy of consumers: A review and research agenda

Gulati,

Singh

2024

Int J Consumer Studies

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Dynamics of personal financial management: a bibliometric and systematic review on financial literacy, financial capability and financial behavior

Shi,

Ali,

Leong

2024

IJBM

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PurposeFinancial literacy, capability and behavior are crucial factors in personal financial management, which in turn plays a significant role in individual and societal financial well-being. The objective of this investigation is to explain critical factors and dimensions of personal financial management systems by employing a hybrid approach that encompasses a bibliometric analysis and a systematic review of the literature.Design/methodology/approachThe research team carefully evaluated a selection of 606 scholarly articles from the Scopus database and studied the evolution of personal financial management behavior over 38 years (1986–2023). This research adopted several graphical representations and network structures to comprehend publishing tendencies, high-impact papers, theoretical frameworks, intellectual constructs as well as the current state of research collaboration.FindingsFour major clusters were identified in the field of personal financial management behavior: the relationship between financial literacy and financial capability, factors influencing financial behavior, the impact of financial behavior on financial well-being and the financial behavior of different demographic groups. In addition, by performing content analysis on papers published within the last five years, new themes in personal financial management behavior were identified.Practical implicationsThis investigation serves to equip financial advisors, policy architects and scholarly investigators with a deeper insight into the intricacies of personal financial management behavior and aids in pinpointing prospective domains for forthcoming research.Originality/valueThis study seeks to address a significant vacuum in the current body of research by providing a thorough bibliometric analysis that specifically examines financial literacy, ability and conduct. To the best of our knowledge, no previous research has conducted such a comprehensive investigation in this field. This research aims to identify important researchers and influential works in the subject by using a mixed-methods approach that combines qualitative and quantitative methodologies, including content analysis. The purpose of doing this is to provide exclusive insights and expertise that can be highly valuable to scholars, practitioners, policymakers and other stakeholders who are interested in furthering the comprehension and encouragement of financial literacy and responsible financial behavior.

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Unveiling individuals’ financial behavior patterns: The Polish-Ukrainian case study in the pre-war period

Polishchuk,

Maiurchenko,

Tereshchenko

et al. 2023

Investment Management and Financial Innovations

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The study investigates the financial behavior of Ukrainians residing in Ukraine and Poland, aiming to identify patterns for the development of customized financial literacy programs. Additionally, it assesses Ukrainians’ preparedness, within their behavioral patterns, for global crises leading to financial shocks. During January-February 2022, a survey method was used to collect data from randomly chosen two groups of representatives of Ukrainians in Poland (N1 = 280) and Ukraine (N2 = 341). Data were proceeded with SPSS. Common patterns were revealed for both Ukraine and Poland, which are based on traditions and personal beliefs: disciplined cash flows controlling of personal budget and forming reserves for different types of crises; concentration on short-term plans and avoiding long-term ones; lack of trust to financial institutions for saving money. Among distinguished patterns are the following: In Poland, Ukrainians are more responsible and attentive to consumer loans, regularly receive and pay bills. In Poland, the investment portfolio of Ukrainians has a more diverse set of instruments. Online financial services are preferable in Poland. The study helps to identify if financially Ukrainians were ready to resist the russian war in Ukraine. Almost 30% of Ukrainians in Ukraine and 25% in Poland had only reserve for the period 1-3 months. In both countries, they claim they are ready to cover sources of covering unforeseen expenses from their reserves (more than 50% of respondents). AcknowledgmentsThe authors would like to express their gratitude to the Kirkland Scholarship Program, the Leaders of Change Foundation, the Polish American Freedom Foundation, the University of Wroclaw and personally to Marek Wróblewski, Professor at the University of Wroclaw, Associate of Ukrainian banks, and to those who helped to disseminate information about the survey, including the Foundation Ukraine, as well as to the respondents and all those who expressed interest in the results.

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Financial capabilities and financial behavior of overseas Filipino workers in South Korea

Cited by 4 publications

References 30 publications

Financial self‐efficacy of consumers: A review and research agenda

Financial self‐efficacy of consumers: A review and research agenda

Dynamics of personal financial management: a bibliometric and systematic review on financial literacy, financial capability and financial behavior

Unveiling individuals’ financial behavior patterns: The Polish-Ukrainian case study in the pre-war period

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