Using the Theory of Planned Behaviour to Explore Predictors of Financial Behaviour Among Working Adults in Malaysia

Abstract

The current study sought to explore the predictors of financial behaviour among working adults based on the theory of planned behaviour. This study employed the correlational cross-sectional questionnaire-based research design. In total, 558 samples were obtained through a purposive sampling technique. The measurement model and proposed research model were evaluated using partial least squares structure equation modelling. The findings revealed that financial knowledge is positively associated with the attitudes towards retirement, perceived behavioural control, subjective norms, and financial behaviour of working adults. In addition, the findings demonstrated that retirement attitude, perceived behavioural control, and subjective norms each had a positive relationship with behavioural intention towards planning for retirement. Furthermore, the results showed that behavioural intention and perceived behavioural control are positively associated with the financial behaviour of working adults. The findings could aid financial educators and advisors in delivering the correct blend of financial knowledge to assist working adults in making better financial decisions and practising proper financial behaviour.

A Combined Model to Examine Contributory Factors to Vietnamese Employee’s Adoption of Life Insurance with Pension Scheme

“…This result also confirmed the significance of knowledge in insurance adoption behaviour. She et al (2024) emphasized the significance of financial knowledge in enhancing the participating retirement plan. Financial Knowledge acted as the catalyst for individual financial behaviour.…”

The Triple Pillar Of MSMEs Development: Financial Literacy, Inclusion, And Financial Management

“…The Theory of Planned Behavior was initially proposed by (Ajzen, 1985), who stated that most human behaviour results from a person's intention to perform a particular behaviour and ability to make informed decisions (She et al, 2023). The person's interest influences a person's behaviour in acting in behaviour.…”