Mohd Nur Fadzly, Basar and Noraina Mazuin, Sapuan (2023) The Cognitive Determinants of Financial Planning for Retirement. Global Business and Management Research: An International Journal, 15 (2s). pp. 158-168. ISSN 1947-5667. (Published)
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Abstract
Purpose: To determine the cognitive factors that influence the financial knowledge of the individual in preparing for retirement. Design/methodology/approach: This is a conceptual paper and a systematic review is used as the methodology. Findings: The findings of this study suggest that the cognitive dimension can become a component of a larger model in terms of the development of an elderly's financial well-being during retirement. At the end of this conceptual research, a model will be proposed for further research in the future. Research limitations/implications: This study only focus on cognitive factors. Future studies can focus on other factors that relate to financial knowledge such as opportunity dimensions and readiness dimensions. Practical implications: Cognitive factors are important elements to measure the financial knowledge of individuals and their readiness for retirement preparedness. Originality/value: Even though there has been a significant amount of research on saving behaviour among the elderly, no studies have attempted to model and validate how Malaysian seniors save for retirement.
| Item Type: | Article |
|---|---|
| Additional Information: | Indexed by ERA |
| Uncontrolled Keywords: | Financial Planning, Retirement, Financial Knowledge, Financial Self-efficacy, Metacognition |
| Subjects: | H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management H Social Sciences > HG Finance |
| Faculty/Division: | Faculty of Industrial Management |
| Depositing User: | Miss Amelia Binti Hasan |
| Date Deposited: | 06 Sep 2023 03:46 |
| Last Modified: | 08 Sep 2023 07:22 |
| URI: | http://umpir.ump.edu.my/id/eprint/38564 |
| Download Statistic: | View Download Statistics |
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