Repository logo
 
Publication

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

2021-09-07Journal article Open access
Simple item page
dc.contributor.authorHashmi, Fatima
dc.contributor.authorAftab, Hira
dc.contributor.authorMartins, José Moleiro
dc.contributor.authorMata, Mário Nuno
dc.contributor.authorQureshi, Hamza Ahmad
dc.contributor.authorAbreu, António
dc.contributor.authorMata, Pedro Neves
dc.date.accessioned2021-09-20T11:22:59Z
dc.date.available2021-09-20T11:22:59Z
dc.date.issued2021-09-07
dc.description.abstractThe 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 relation ships among dependent and independent variables. The results of PLS path analysis dem onstrate 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.pt_PT
dc.description.versioninfo:eu-repo/semantics/publishedVersionpt_PT
dc.identifier.citationHASHMI, Fatima; [et al] – The role of self-esteem, optimism, deliberative thinking and self-control in shaping the financial behavior and financial well-being of young adults. PLoS One. ISSN 1932-6203. Vol. 16, N.º 9 (2021), pp. 1-22pt_PT
dc.identifier.doi10.1371/journal.pone.0256649pt_PT
dc.identifier.issn1932-6203
dc.identifier.urihttp://hdl.handle.net/10400.21/13750
dc.language.isoengpt_PT
dc.peerreviewedyespt_PT
dc.publisherPublic Library of Sciencept_PT
dc.relation.publisherversionhttps://journals.plos.org/plosone/article?id=10.1371/journal.pone.0256649#sec001pt_PT
dc.subjectSustainable financial behaviorpt_PT
dc.subjectSelf-esteempt_PT
dc.subjectSelf-controlpt_PT
dc.subjectOptimismpt_PT
dc.subjectDeliberative thinkingpt_PT
dc.subjectFinancial behaviorpt_PT
dc.subjectFinancial well-being of young adultspt_PT
dc.subjectPakistanpt_PT
dc.titleThe role of self-esteem, optimism, deliberative thinking and self-control in shaping the financial behavior and financial well-being of young adultspt_PT
dc.typejournal article
dspace.entity.typePublication
oaire.citation.endPage22pt_PT
oaire.citation.issue9
oaire.citation.startPage1pt_PT
oaire.citation.titlePLoS Onept_PT
oaire.citation.volume16
person.familyNameMata
person.familyNameAbreu
person.givenNameMário Nuno
person.givenNameAntónio
person.identifier1403614
person.identifier1829666
person.identifier.ciencia-idFA13-1761-4192
person.identifier.ciencia-idF51F-F42E-3D57
person.identifier.orcid0000-0003-1765-4273
person.identifier.orcid0000-0001-8839-5606
person.identifier.ridD-3964-2014
person.identifier.scopus-author-id57218315486
rcaap.rightsopenAccesspt_PT
rcaap.typearticlept_PT
relation.isAuthorOfPublicationbf484e05-ab4d-4efa-9ccb-ff8a74e0f6a9
relation.isAuthorOfPublication2e303e99-df37-4381-bf3c-0ab7fc69703c
relation.isAuthorOfPublication.latestForDiscovery2e303e99-df37-4381-bf3c-0ab7fc69703c

Files

Original bundle
Now showing 1 - 1 of 1
No Thumbnail Available
Name:
The role_AAbreu.pdf
Size:
968.31 KB
Format:
Adobe Portable Document Format
Download

Collections

ISEL - Eng. Mecan. - Artigos