Ronia Liza Mathew
Research Scholar, School of Management Studies, Cochin University of Science & Technology Kochi – 682022, Kerala, India
DOI : https://doi.org/10.47191/ijmra/v5-i12-02Google Scholar Download Pdf
ABSTRACT:
Financial satisfaction is the subjective measure of financial well-being, and it indicates the level of satisfaction perceived by the individuals with regard to various aspects of their financial situations and investment decisions. Financial behaviour is the fundamental component which enhances investors’ financial satisfaction which is a subjective measure of financial well-being. Investors’ choice criteria for selecting stocks determines investors’ financial behaviour. This study examined the potential effects of investors’ choice criteria on their financial behaviour. Simple Regression analysis was performed using SPSS for analysing the data collected from 200 individual investors. The statistical results indicated that choice criteria and financial behaviour positively influence investors’ financial satisfaction. This study adds to the existing body of literature by providing insight into the influence of choice criteria on financial behaviour among investors in Indian equity market.
REFERENCES
1) Ali, A., Rahman, M. S. A., & Bakar, A. (2015). Financial satisfaction and the influence of financial literacy in Malaysia. Social Indicators Research, 120(1), 137-156.
2) Sahi, S. K. (2013). Demographic and socio‐economic determinants of financial satisfaction: A study of SEC‐A segment of individual investors in India. International Journal of Social Economics.
3) Arifin, A. Z. (2018). Influence factors toward financial satisfaction with financial behaviour as intervening variable on Jakarta area workforce.
4) Chu, Z., Wang, Z., Xiao, J. J., & Zhang, W. (2017). Financial literacy, portfolio choice and financial well-being. Social Indicators Research, 132(2), 799-820.
5) Diener, E. (2009). Subjective well-being. The science of well-being, 11-58.
6) Falahati, L., Sabri, M. F., & Paim, L. H. (2012). Assessment a model of financial satisfaction predictors: Examining the mediate effect of financial behaviour and financial strain. World Applied Sciences Journal, 20(2), 190-197.
7) Godwin, D. D., & Carroll, D. D. (1986). Financial management attitudes and behaviour of husbands and wives. Journal of Consumer Studies & Home Economics, 10(1), 77-96.
8) Grable, J. E., Lytton, R. H., & Kratzer, C. Y. (1998). Determinants of Defined Contribution Plan Employee Participation: A403 (b) Perspective. Consumer Interests Annual, 44, 109-114.
9) Hira, T. K., & Mueller, M. J. (1987) The application of managerial systems to money management practices. Iowa State Journal of Research, 62(2), 219-233.
10) Joo, S. H., & Grable, J. E. (2004). An exploratory framework of the determinants of financial satisfaction. Journal of family and economic Issues, 25(1), 25-50.
11) Mugenda, O. M., Hira, T. K., & Fanslow, A. M. (1990). Assessing the causal relationship among communication, money management practices, satisfaction with financial status, and satisfaction with quality of life. Lifestyles, 11(4), 343-360.
12) O’Neill, B., Xiao, J., Bristow, B., Brennan, P., & Kerbel, C. (2000). Personal finance education: preferred delivery methods and program topics. In NC State University: The Forum for Family & Consumer Issues (Vol. 5, No. 1).
13) Porter, N. M. (1990). Testing a model of financial well-being. Virginia Polytechnic Institute and State University.
14) Roszkowski, M. J. (1999). Risk tolerance in financial decisions. Fundamentals of financial planning, 179-248.
15) Xiao, J. J., Tang, C., & Shim, S. (2009). Acting for happiness: Financial behavior and life satisfaction of college students. Social indicators research, 92(1), 53-68.
16) Zimmerman, S.L. 1995. Understanding family policy: Theories and applications. Thousand Oaks, CA, Sage.
Volume 05 Issue 12 December 2022
There is an Open Access article, distributed under the term of the Creative Commons Attribution – Non Commercial 4.0 International (CC BY-NC 4.0) (https://creativecommons.org/licenses/by-nc/4.0/), which permits remixing, adapting and building upon the work for non-commercial use, provided the original work is properly cited.
Our Services and Policies
Authors should prepare their manuscripts according to the instructions given in the authors' guidelines. Manuscripts which do not conform to the format and style of the Journal may be returned to the authors for revision or rejected.
The Journal reserves the right to make any further formal changes and language corrections necessary in a manuscript accepted for publication so that it conforms to the formatting requirements of the Journal.
International Journal of Multidisciplinary Research and Analysis will publish 12 monthly online issues per year,IJMRA publishes articles as soon as the final copy-edited version is approved. IJMRA publishes articles and review papers of all subjects area.
Open access is a mechanism by which research outputs are distributed online, Hybrid open access journals, contain a mixture of open access articles and closed access articles.
International Journal of Multidisciplinary Research and Analysis initiate a call for research paper for Volume 07 Issue 12 (December 2024).
PUBLICATION DATES:
1) Last Date of Submission : 26 December 2024 .
2) Article published within a week.
3) Submit Article : editor@ijmra.in or Online
Why with us
1 : IJMRA only accepts original and high quality research and technical papers.
2 : Paper will publish immediately in current issue after registration.
3 : Authors can download their full papers at any time with digital certificate.
The Editors reserve the right to reject papers without sending them out for review.
Authors should prepare their manuscripts according to the instructions given in the authors' guidelines. Manuscripts which do not conform to the format and style of the Journal may be returned to the authors for revision or rejected. The Journal reserves the right to make any further formal changes and language corrections necessary in a manuscript accepted for publication so that it conforms to the formatting requirements of the Journal.