Business, Management and Accounting
3 years ago

Financial behavior key to satisfaction, not financial knowledge or risk tolerance.

1 view
Journal of Accounting Research Organization and Economics
Assessing Model of Financial Satisfaction Predictors: the Mediating Effect of Financial Risk Tolerance and Financial Behavior
Yuliani Yuliani, Taufik Taufik, Mukhtaruddin Mukhtaruddin, Nyimas Dewi Murnila Saputri

Paper Summary

The study looked at what factors predict financial satisfaction, focusing on financial knowledge, socio-economic factors, financial risk tolerance, and financial behavior. They surveyed 107 people in Palembang City aged 20-55. Results showed that financial knowledge and socio-economic factors positively influenced financial behavior and satisfaction. Financial risk tolerance did not directly affect satisfaction, but financial behavior partially mediated the relationship between financial knowledge and satisfaction. Socio-economic factors had a perfect mediation with financial satisfaction.

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