The purpose of this paper is to present insights into the development, testing, and use of the Spender‐Saver Perception Scale—a scale that measures a person's perception of their romantic partner's ...financial behavior on a continuum from spender to saver.
Purpose: The aim of this study is to identifying the financial knowledge's role in the achievement of financial satisfaction through financial well-being.
Theoretical framework: The financial ...service sector in Iraq has been undergoing major transformation due to technological developments and innovations in terms of operating efficiency, This requires increasing financial knowledge of customers to use financial technology.
Design/Methodology/Approach: The Employees working in public sector and workers working in private sectors were taken as the study sample, for identifying the differences among them at the level of dimensions and research variables, A total of (360) valid questionnaires were collected for statistical analysis after the survey was distributed electronically. Three hypotheses were examined in the study using a statistical program (SMART PLS) to determine whether there was a correlation and influence among the variables of the study.
Findings: The results study proves that the workers' financial satisfaction in private sector is better than the financial satisfaction of workers in public sector due to employees’ feeling of salary threat as a result of the political unrest.
Research, practical and social implications: The study Due to the political unrest in Iraq, government departments must consider employee satisfaction by providing financial compensation and by maintaining their pay without being compromised.
Originality/Value: The value of the study recommends the needs to increase the awareness and knowledge Financial and conduct future studies could concentrate on concrete, feasible strategies that management might use to enhance workers' financial well-being in line with the recommendations of this study.
Purpose: The purpose of this research is to examine the information processing strategies' influence on the financial satisfaction of investors. This research also investigates the mediating ...influence of financial opportunities. Design/Methodology/Approach: The proposed model's relationship is examined using mixed methodology. Qualitative data is gathered by using in-depth interviews. While quantitative data is collected through questionnaires. Findings: This study's results explain that financial opportunities significantly mediate the relationship. Further, information processing strategies have a significant influence on financial opportunities. This unique study contributed to the literature and developed a financial opportunity scale. Implications/Originality/Value: This study suggested that understanding and knowledge of financial opportunities would help to increase the financial decisions of investors. This research also highlights implications and limitations to investors and practitioners.
Business growth is often portrayed as an important outcome for small-business owners. Few empirical studies have however examined whether there is a positive relationship between business size and ...different dimensions of small-business owners’ subjective well-being. In a large cross-sectional sample (n = 1089) of small-business owners from Sweden, we investigate the relationship between business size and the two main components of subjective well-being, life satisfaction and emotional well-being. By means of structural equation modelling, we determine the importance of business size for subjective well-being by focusing on potential advantages (financial satisfaction) and disadvantages (time pressure) related to business size. The results show that there is no overall relationship between business size and life satisfaction, but a weak negative relationship between business size and emotional well-being. However, in a subsequent mediation analyses we find that these findings largely can be explained by the fact that financial satisfaction and time pressure relate to subjective well-being in opposite directions and thus cancel each other out. The results of the mediation analysis also reveal differences across the two components of subjective well-being. We here find that financial satisfaction is more important for small-business owners’ life satisfaction while time pressure is more important for their emotional well-being.
Subjective Financial Well‐being (FWB) research has gained considerable interest from both academics and practitioners recently. This research area focuses on the consumer’s self‐assessment of his/her ...disposition, belief, attitude, and behavior concerning money management, spending, savings, and investment. The authors used a systematic literature review (SLR) process, which is a step‐by‐step process‐driven methodology, to find 128 articles published between 1978 and 2020 in marketing and related consumer studies fields. By critically examining the published studies, the paper proposes an organizing framework to identify important research gaps and suggest future research directions. The existing studies highlight (a) macro‐level factors determining the consumer’s FWB, (b) bank information transparency and ethical selling, (c) consumer co‐production behavior, (d) consumer financial literacy and how it relates to FWB, (e) financial inclusion, (f) materialism, personality, spending self‐control, and FWB, (g) multicountry research, and (h) the outcomes or consequences of FWB. Further research directions emphasize the need for research on (a) young consumers and their FWB and (b) role of marketers in maintaining FWB of consumers. The organizing framework offers actionable insights for banks, other financial institutions (FIs), businesses, third‐party organizations (i.e., financial literacy service providers), and public policy makers to increase the subjective FWB of consumers.
This article explores the economics of religion with a specific focus on divergent effects of religiosity on people's financial satisfaction. There is ever-growing literature on the sociology of ...religion-life satisfaction nexus but there is still dearth of research on how religiosity may affect citizens' outlook toward their economic affluence and finances. We argue that religiosity has to be understood under two major vantage points, through which it can affect financial satisfaction. Specifically, we maintain that social, community-related religiosity and individual, devoutness-related religiosity have distinctly pivotal and empirically quadratic effects on people's financial satisfaction. This finding is illuminating to understand how social dynamics may shape people's stance and outlook toward their subjective financial well-being and how this may have repercussions at the individual and societal levels. We test our arguments in light of the global World Values Survey data via a multilevel estimation framework.
While previous studies have found that personality is one of the strongest predictors of life satisfaction, the associations between personality and financial satisfaction have not been assessed ...using large, nationally representative datasets. This study investigates relationships between personality (Big Five personality traits and dispositional positive/negative affect) and financial satisfaction using data from the 2012 wave of the Health and Retirement Study (HRS). Results from a three-block ordinal logistic regression model (n = 3984) indicate that personality traits are important predictors of financial satisfaction. When incorporating Big Five personality traits into a leading model of financial satisfaction, extraversion was positively associated with financial satisfaction, while neuroticism and agreeableness were negatively associated with financial satisfaction. However, when positive affect and negative affect were added to the model including Big Five traits, only agreeableness and negative affect were found to be negatively associated with financial satisfaction, while positive affect was positively associated with financial satisfaction. Additionally, this study examined the convergent validity, test-retest reliability, and presence of common method bias among the Big Five and dispositional affect measures used within the HRS, finding that the measures are reasonable for use in personality research.
•Personality is an important predictor of financial satisfaction.•Extraversion is positively associated with financial satisfaction.•Neuroticism and agreeableness negatively associated with financial satisfaction.•Positive and negative affect are stronger predictors than Big Five traits.•Positive affect (+) and negative affect (−) predict financial satisfaction.
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