The role of self-esteem, optimism, deliberative thinking and self-control in shaping the financial behavior and financial well-being of young adults

Detalhes bibliográficos
Autor(a) principal: Hashmi, Fatima
Data de Publicação: 2021
Outros Autores: Aftab, Hira, Martins, José Moleiro, Mata, Mário Nuno, Qureshi, Hamza Ahmad, Abreu, António, Mata, Pedro Neves
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10362/144594
Resumo: Publisher Copyright: © 2021 Hashmi et al. This is an open access article distributed under the terms of the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.
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spelling The role of self-esteem, optimism, deliberative thinking and self-control in shaping the financial behavior and financial well-being of young adultsGeneralPublisher Copyright: © 2021 Hashmi et al. This is an open access article distributed under the terms of the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.The sustainable financial behavior and financial well-being have been a key concern among the developing societies; thereby encompassing the various psychological factors which play a role in influencing individual's positive financial behavior and financial well-being, this study is conducted. Research focusing on the psychological aspect of human financial behavior and well-being is scarce, focusing more on the cognitive side such as financial literacy and numeracy. The aim of this research study is to find the role played by the non-cognitive factors such as self-esteem, self-control, optimism and deliberative thinking, in forming the financial behavior and financial well-being of the young adults. A sample of 429 university students from public and private sector was collected via an online and field survey using purposive sampling technique. The survey contained measures for demographics, self-esteem, optimism, deliberative thinking, self-control, general financial behavior and financial well-being. SPSS and PLS-SEM tools were used for the exploration of the relationships among dependent and independent variables. The results of PLS path analysis demonstrate that among the non-cognitive factors, self-control and deliberative thinking show a significant association with both financial behavior, and financial security. Self-esteem plays no significant role in forming the financial behavior of the young adults when all the variables are taken together but it exhibits a significant association with financial well-being (financial security and financial anxiety). Optimism on the other hand exhibits no significant association with both financial behavior and financial well-being (financial security and financial anxiety). The results of this study complement the previous studies and also put forth new outcomes. This research is unique as it is the first of its kind conducted in a consumption-oriented economy like Pakistan. In addition to the previous studies which have often established the link of self-esteem with general well-being, this study goes further by analyzing the association between self-esteem and financial well-being and by the identification of the role played by non-cognitive factors like self-esteem, optimism, deliberative thinking and self-control together on the financial behavior and financial well-being of the individuals using PLS-SEM approach.UNINOVA-Instituto de Desenvolvimento de Novas TecnologiasCTS - Centro de Tecnologia e SistemasRUNHashmi, FatimaAftab, HiraMartins, José MoleiroMata, Mário NunoQureshi, Hamza AhmadAbreu, AntónioMata, Pedro Neves2022-10-11T22:20:46Z2021-092021-09-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10362/144594eng1932-6203PURE: 45668260https://doi.org/10.1371/journal.pone.0256649info:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2024-03-11T05:24:17Zoai:run.unl.pt:10362/144594Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T03:51:38.117872Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv The role of self-esteem, optimism, deliberative thinking and self-control in shaping the financial behavior and financial well-being of young adults
title The role of self-esteem, optimism, deliberative thinking and self-control in shaping the financial behavior and financial well-being of young adults
spellingShingle The role of self-esteem, optimism, deliberative thinking and self-control in shaping the financial behavior and financial well-being of young adults
Hashmi, Fatima
General
title_short The role of self-esteem, optimism, deliberative thinking and self-control in shaping the financial behavior and financial well-being of young adults
title_full The role of self-esteem, optimism, deliberative thinking and self-control in shaping the financial behavior and financial well-being of young adults
title_fullStr The role of self-esteem, optimism, deliberative thinking and self-control in shaping the financial behavior and financial well-being of young adults
title_full_unstemmed The role of self-esteem, optimism, deliberative thinking and self-control in shaping the financial behavior and financial well-being of young adults
title_sort The role of self-esteem, optimism, deliberative thinking and self-control in shaping the financial behavior and financial well-being of young adults
author Hashmi, Fatima
author_facet Hashmi, Fatima
Aftab, Hira
Martins, José Moleiro
Mata, Mário Nuno
Qureshi, Hamza Ahmad
Abreu, António
Mata, Pedro Neves
author_role author
author2 Aftab, Hira
Martins, José Moleiro
Mata, Mário Nuno
Qureshi, Hamza Ahmad
Abreu, António
Mata, Pedro Neves
author2_role author
author
author
author
author
author
dc.contributor.none.fl_str_mv UNINOVA-Instituto de Desenvolvimento de Novas Tecnologias
CTS - Centro de Tecnologia e Sistemas
RUN
dc.contributor.author.fl_str_mv Hashmi, Fatima
Aftab, Hira
Martins, José Moleiro
Mata, Mário Nuno
Qureshi, Hamza Ahmad
Abreu, António
Mata, Pedro Neves
dc.subject.por.fl_str_mv General
topic General
description Publisher Copyright: © 2021 Hashmi et al. This is an open access article distributed under the terms of the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.
publishDate 2021
dc.date.none.fl_str_mv 2021-09
2021-09-01T00:00:00Z
2022-10-11T22:20:46Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
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status_str publishedVersion
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url http://hdl.handle.net/10362/144594
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv 1932-6203
PURE: 45668260
https://doi.org/10.1371/journal.pone.0256649
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eu_rights_str_mv openAccess
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instname_str Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
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