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Please use this identifier to cite or link to this item: http://dspace.bu.ac.th/jspui/handle/123456789/3628

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: 2-Jan-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
Advisor(s): Sumas Wongsunopparat
URI: http://dspace.bu.ac.th/jspui/handle/123456789/3628
Appears in Collections:Independent Studies - Master

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