The moderation effect of entrepreneurial resilience on the relationship between financial literacy and sustainable performance

Alshebami, Ali Saleh; Murad, Majid

doi:10.3389/fpsyg.2022.954841

Cited by 13 publications

(15 citation statements)

References 54 publications

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“…Therefore, it could be intuitive to check whether the CFL measured by the two methods can produce different marginal effects for other specific financial behaviors in a particular survey data. Additionally, some emerging research fields other than financial behaviors, such as sustainable performance of enterprise affected by the FL of entrepreneur ( Alshebami and Murad, 2022 ; Seraj et al, 2022a , b ), should further considered the impact of the CFL measured with our improved method.…”

Section: Discussionmentioning

confidence: 99%

The importance of the comparative benchmark for measuring composite financial literacy with survey data

Liu

Han-yun

et al. 2022

Front. Psychol.

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IntroductionUsing survey data to calculate composite financial literacy (CFL), existed studies do not consider the geographical difference of the means of objectively-measured financial literacy and subjectively-perceived financial literacy, i.e., comparative benchmark.MethodsTaking the survey data of National Financial Capability Study (NFCS) for example, we explain why it is more reasonable to use the within-state average rather than the national average of financial literacy as the comparative benchmark to measure CFL. Then we use NFCS 2009, 2012, 2015 and 2018 dataset to comparatively analyze the difference between CFL measured with the two benchmarks.ResultsThe results of statistical analysis show that there is a great difference among the four groups of CFL measured with the two benchmarks, and 10.7% of respondents are categorized as a particular group of CFL incorrectly for all datasets. Additionally, the findings of spatial distribution analysis unveils that 36, 19, 15, and 6 states have respondents miscategorized in the four groups of CFL for 2009, 2012, 2015, and 2018 respectively, in which the highest proportion of the population miscategorized in a state is up to 49.91%. Finally, we find that several groups of CFL measured with the two benchmarks have significantly different effects on stock market participation behavior.DiscussionUsing the national average as a benchmark to determine all the respondents’ relative financial literacy levels for different states is not meaningful, and will lose the practical appeal to tackle the regional inequalities of financial literacy among the households. Therefore, we suggest that the within-state average of financial literacy, not the national average, should be taken as the comparative benchmark for identifying the more precise groups of CFL in survey.

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Section: Discussionmentioning

confidence: 99%

The importance of the comparative benchmark for measuring composite financial literacy with survey data

Liu

Han-yun

et al. 2022

Front. Psychol.

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“…We aimed to examine the process by which parental participation and peer interaction influence adolescent behavioral development, as well as the role of the parent–child educational expectation gap in this process. Based on available research results, and we referred to relevant studies of moderation and mediation effects, 74 this study proposed the following research hypotheses and a moderated mediation model. Shown in Figure 1 .…”

Section: Literature Review and Hypothesesmentioning

confidence: 99%

Evaluation of the Effect of Parental Participation on Chinese Adolescent Behavioral Development Through the Mediating Effect of Peers: A Moderated Mediation Model

Zhao

2024

PRBM

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Background With the rapid changes in the social environment, adolescents are facing increasing academic pressure and challenges to their physical and mental development in the socialization process. The purpose of this study was to investigate the influence mechanisms of parental participation on adolescent behavioral development (learning persistence, expressive language ability and knowledge absorption ability), revealing the mediation role of adolescent positive and negative peer interactions between parental participation and behavioral development, and whether differences in parents and children’s educational expectations moderate this process. Methods This study was measured using the Parental Participation Questionnaire, Peer Interaction Questionnaire, Behavioral Development Scale, and Educational Expectancy Gap from the China Education Panel Survey. A total of 7730 seventh-grade students and their parents were invited to participate, to establish a moderated mediation model, and the significance of the mediation effect was tested using the bias-corrected percentile Bootstrap method. Results (1) High frequent parental participation has a significant positive effect on adolescent behavioral development, including behavioral participation, emotional participation, and educational participation all exerting varying degrees of positive influence, as well as positively influencing adolescents’ peer interactions. (2) Positive and negative peer interactions play the mediation role of 12.3% and 2.5% respectively in the process of parental participation affecting adolescent behavioral development. (3) Comparing “educational expectation gap - equal”, the “educational expectation gap - high” negatively moderates the effect of parental participation on adolescent behavioral development and positive peer interaction (inhibitory effect), the “educational expectation gap - low” positively moderates the effect of parental participation on negative peer interaction (facilitation effect), which meant that the “educational expectation gap - equal” between parents and children is a more desirable state. Conclusion These findings provide empirical support and effective operational suggestions to further promote positive adolescent behavioral development. Particularly for developing countries, it is recognized that positive parental participation and peer interaction, as well as equal educational expectation of parents and children, are protective factors for adolescent development.

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“…Many authors acknowledge that the self-reported nature of this variable does not measure actual success, but rather focuses on how satisfied the entrepreneur is with his or her personal life and business achievements [3,9,11] . This kind of success can be perceived differently by individuals and depends on many factors [4,5,10,15] . Sometimes, this perception of the owner-manager is not even linked to the level of success they have achieved in their business.…”

Section: Entrepreneurial Successmentioning

confidence: 99%

“…There is a strong academic interest in identifying factors that are vital to SMEs success [5,9] . Many studies of perceived entrepreneurial success have been conducted in developed countries but some author point out that there is a need for more research to understand the unique challenges and opportunities faced by entrepreneurs in these contexts [3,10,11] .…”

Section: Introductionmentioning

confidence: 99%

Relationships between well-being, resilience, leadership, and perceived success in SME owners-managers of Ecuador

García-Vidal,

Guzmán-Vilar,

Sánchez-Rodríguez

et al. 2024

Environ. Soc. Psychol.

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This paper aims to provide a comprehensive understanding of entrepreneurial success among owners and managers of Ecuadorian SMEs through the relationship between variables such as business efficiency, psychological resilience and perceived entrepreneurial leadership. We surveyed 385 SME owners and managers in Ecuador and employed hierarchical linear modeling to analyze the data. The findings of this article suggest that entrepreneurial well-being, psychological resilience, and entrepreneurial leadership perceived by owners and managers of Ecuadorian SMEs are positively correlated with entrepreneurial success. There may be a tendency to associate success with economic performance. The practical implications of this study are that owner-managers of SMEs can use the developed measurement scale to evaluate their success and identify areas where they may need support or improvement and develop strategies to foster the best possible business experience. The study also provides insights into factors affecting entrepreneurial success and highlights the importance of promoting a positive entrepreneurial experience. In addition, the study contributes to literature by identifying some limitations and identifying areas for future research.

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The moderation effect of entrepreneurial resilience on the relationship between financial literacy and sustainable performance

Cited by 13 publications

References 54 publications

The importance of the comparative benchmark for measuring composite financial literacy with survey data

The importance of the comparative benchmark for measuring composite financial literacy with survey data

Evaluation of the Effect of Parental Participation on Chinese Adolescent Behavioral Development Through the Mediating Effect of Peers: A Moderated Mediation Model

Relationships between well-being, resilience, leadership, and perceived success in SME owners-managers of Ecuador

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