Exploring factors influencing financial planning after retirement: structural equation modeling approach

The study explores the critical factors that influence financial planning after retirement among Malaysians, an area which has somewhat been largely overlooked by the extant literature. The study has used a quantitative method to survey a sample of 170 Malaysian citizens, from various places in the...

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Main Authors:	Jalil, Md. Abdul, Abdul Razak, Dzuljastri, Azam, Ferdous
Format:	Article
Language:	English
Published:	Science Publications 2013
Subjects:	HG179 Personal finance
Online Access:	http://irep.iium.edu.my/30149/ http://irep.iium.edu.my/30149/1/AJAS__Article_PublicationPDF.pdf

id	iium-30149
recordtype	eprints
spelling	iium-301492019-05-19T06:36:06Z http://irep.iium.edu.my/30149/ Exploring factors influencing financial planning after retirement: structural equation modeling approach Jalil, Md. Abdul Abdul Razak, Dzuljastri Azam, Ferdous HG179 Personal finance The study explores the critical factors that influence financial planning after retirement among Malaysians, an area which has somewhat been largely overlooked by the extant literature. The study has used a quantitative method to survey a sample of 170 Malaysian citizens, from various places in the Klang Valley area. Exploratory factor analysis, confirmatory factor analysis and structural equation modeling were used to analyze the data. The results suggest that the paths are interrelated to the casual processes significantly. Furthermore, individualâ€™s income or monthly salary is found to be the most important factor influencing financial planning, followed by attitude and culture. The results are mainly favourable to academics and practitioners in Malaysia by contributing an understanding into critical factors that influence people to make financial plan before their retirement. The study provides implications of the findings in the concluding section. Science Publications 2013-04 Article PeerReviewed application/pdf en http://irep.iium.edu.my/30149/1/AJAS__Article_PublicationPDF.pdf Jalil, Md. Abdul and Abdul Razak, Dzuljastri and Azam, Ferdous (2013) Exploring factors influencing financial planning after retirement: structural equation modeling approach. American Journal of Applied Sciences , 10 (3). pp. 270-279. ISSN 1546-9239 E-ISSN 1554-3641
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English
topic	HG179 Personal finance
spellingShingle	HG179 Personal finance Jalil, Md. Abdul Abdul Razak, Dzuljastri Azam, Ferdous Exploring factors influencing financial planning after retirement: structural equation modeling approach
description	The study explores the critical factors that influence financial planning after retirement among Malaysians, an area which has somewhat been largely overlooked by the extant literature. The study has used a quantitative method to survey a sample of 170 Malaysian citizens, from various places in the Klang Valley area. Exploratory factor analysis, confirmatory factor analysis and structural equation modeling were used to analyze the data. The results suggest that the paths are interrelated to the casual processes significantly. Furthermore, individualâ€™s income or monthly salary is found to be the most important factor influencing financial planning, followed by attitude and culture. The results are mainly favourable to academics and practitioners in Malaysia by contributing an understanding into critical factors that influence people to make financial plan before their retirement. The study provides implications of the findings in the concluding section.
format	Article
author	Jalil, Md. Abdul Abdul Razak, Dzuljastri Azam, Ferdous
author_facet	Jalil, Md. Abdul Abdul Razak, Dzuljastri Azam, Ferdous
author_sort	Jalil, Md. Abdul
title	Exploring factors influencing financial planning after retirement: structural equation modeling approach
title_short	Exploring factors influencing financial planning after retirement: structural equation modeling approach
title_full	Exploring factors influencing financial planning after retirement: structural equation modeling approach
title_fullStr	Exploring factors influencing financial planning after retirement: structural equation modeling approach
title_full_unstemmed	Exploring factors influencing financial planning after retirement: structural equation modeling approach
title_sort	exploring factors influencing financial planning after retirement: structural equation modeling approach
publisher	Science Publications
publishDate	2013
url	http://irep.iium.edu.my/30149/ http://irep.iium.edu.my/30149/1/AJAS__Article_PublicationPDF.pdf
first_indexed	2023-09-18T20:44:15Z
last_indexed	2023-09-18T20:44:15Z
_version_	1777409568912965632

Exploring factors influencing financial planning after retirement: structural equation modeling approach

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