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http://dspace.bu.ac.th/jspui/handle/123456789/3628
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Title: | Study of Factors that Influence Financial Wellness in Bangkok’s Population, Thailand |
Authors: | Arun Pawa |
Keywords: | Financial Wellness Financial Health Personality and Attitudes Toward Finance Financial Knowledge and Skills Personal Finance |
Issue Date: | 2019 |
Publisher: | Bangkok University |
Abstract: | This research studies the factors that influence financial wellness in Bangkok’s
population, Thailand through a quantitative approach with the use of questionnaire as
survey tool. Factors of personality and attitude, knowledge and skills and
demographic and lifestyle related to the concept of financial wellness were studied.
This pertains to factors of family’s attitude towards money, interest in finance,
aversion to investment risk, seeing (consultation) with financial advisor, importance
of keeping up to date with finance, saving habits, importance of provident fund,
feeling financially overwhelmed and financial satisfaction concepts as part of
personality and attitude towards finance factors. As part factors of knowledge and
skills, factors such as household income, household debt, student loan, total net worth,
health insurance, ability to read financial statements, home rental and mortgage debt,
dining outside of home, using savings when money is tight and credit card loan were
also discussed. Moreover, demographic and lifestyle factors were also studied. Subsequently, statistical analyses were undertaken through the use factor
analysis and the Elbow Rule as a cut-off point for variance explained. From the
analysis, the research found that factors that influence financial wellness in Bangkok’s
population, Thailand can be grouped and named into six different factors as listed
below. Factor one: “Factor of knowledge, interest and high competency in finance”
Factor two: “Factor of familiarity with finance and financial protection”
Factor three: “Factor of financial satisfaction and financial stability”
Factor four: “Factor of financial risk aversion and financial risk avoidance”
Factor five: “Factor of awareness of important financial issues”
Factor six: “Factor of financial incompetence and lack of liquidity” |
Description: | Independent Study (M.B.A)--Graduate School, Bangkok University, 2018 |
Subjects: | Finance Financial risk management Financial risk Financial security |
Advisor(s): | Sumas Wongsunopparat |
URI: | http://dspace.bu.ac.th/jspui/handle/123456789/3628 |
Appears in Collections: | Independent Studies - Master Independent Studies
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