Impact of Financial Threat on the Change of Investor Behavior: The Moderating Effect of Social Support During Covid-19 in Pakistan
This paper purpose is to investigate the background of financial threat and its relationship to the indi-vidual ́s proclivity to change their financial behavior and health. Study population includes small investors in life insurance policies. Explanatory research design is used to know the causal re...
| Main Authors: | , , , |
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| Format: | Online |
| Language: | eng |
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Universidad Pedagógica y Tecnológica de Colombia
2021
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| Subjects: | |
| Online Access: | https://revistas.uptc.edu.co/index.php/cenes/article/view/13024 |
| _version_ | 1801705967118712832 |
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| author | Mehdi, Hussain Malik, Shaukat Ali, Huma Rasool, Zeeshan |
| author_facet | Mehdi, Hussain Malik, Shaukat Ali, Huma Rasool, Zeeshan |
| author_sort | Mehdi, Hussain |
| collection | OJS |
| description | This paper purpose is to investigate the background of financial threat and its relationship to the indi-vidual ́s proclivity to change their financial behavior and health. Study population includes small investors in life insurance policies. Explanatory research design is used to know the causal relationship between all the variables. Primary data collected through questionnaires applied personally to the respondents were used. Respondents were randomly selected and questionnaires were appropriately applied to make easier data collection. Different Smart PLS3 data techniques were used for data inferences. This study explores that both economic problems and finan-cial anxiety are definitely associated with financial threat, and that financial threat is also significantly related to willingness to change financial behavior and psychological distress. This research reveals likewise that financial threat mediates between both independent and dependent variables. The most novel contribution of this study is the role of social support which significantly moderates the relationship between financial threat and the willingness to change financial behavior. This study is an important input in existing literature about financial threats, it provides excellent practical suggestions for household individual investors and highlights the problems experienced by these small investors. |
| format | Online |
| id | oai:oai.revistas.uptc.edu.co:article-13024 |
| institution | Revista Apuntes del Cenes |
| language | eng |
| publishDate | 2021 |
| publisher | Universidad Pedagógica y Tecnológica de Colombia |
| record_format | ojs |
| spelling | oai:oai.revistas.uptc.edu.co:article-130242023-08-16T16:34:32Z Impact of Financial Threat on the Change of Investor Behavior: The Moderating Effect of Social Support During Covid-19 in Pakistan Impacto de la amenaza financiera en el cambio de comportamiento del inversor: el efecto moderador del apoyo social durante la Covid-19 en Pakistán Mehdi, Hussain Malik, Shaukat Ali, Huma Rasool, Zeeshan economic problems financial anxiety financial threat willingness to change behavior psychological distress social support dificultades económicas ansiedad financiera amenaza financiera voluntad de cambiar el comportamiento angustia psicológica apoyo social This paper purpose is to investigate the background of financial threat and its relationship to the indi-vidual ́s proclivity to change their financial behavior and health. Study population includes small investors in life insurance policies. Explanatory research design is used to know the causal relationship between all the variables. Primary data collected through questionnaires applied personally to the respondents were used. Respondents were randomly selected and questionnaires were appropriately applied to make easier data collection. Different Smart PLS3 data techniques were used for data inferences. This study explores that both economic problems and finan-cial anxiety are definitely associated with financial threat, and that financial threat is also significantly related to willingness to change financial behavior and psychological distress. This research reveals likewise that financial threat mediates between both independent and dependent variables. The most novel contribution of this study is the role of social support which significantly moderates the relationship between financial threat and the willingness to change financial behavior. This study is an important input in existing literature about financial threats, it provides excellent practical suggestions for household individual investors and highlights the problems experienced by these small investors. El objetivo de este artículo es investigar los antecedentes de la amenaza financiera y su relación con la incli-nación del individuo a cambiar su comportamiento financiero y su estado de salud. La población de estudio comprende a pequeños inversionistas que poseen pólizas de seguros de vida. El diseño de investigación explicativa se utiliza para conocer la relación causal entre todas las variables. Se utilizaron datos primarios recopilados a través de cuestionarios aplicados personalmente a los encuestados. Los encuestados fueron seleccionados al azar y los cuestionarios fueron aplicados de manera apropiada para facilitar la recopila-ción de datos. Las diferentes técnicas de datos Smart PLS3 se emplearon para las inferencias de datos. Este estudio explora que tanto las dificultades económicas como la ansiedad financiera están efectivamente asociadas con la amenaza financiera, y que la amenaza financiera también se relaciona significativamente con la voluntad de cambiar el comportamiento financiero y la angustia psicológica. La investigación tam-bién revela que la amenaza financiera media entre variables independientes y dependientes. La contribu-ción más novedosa de este estudio es el papel del apoyo social, que moderó significativamente la relación entre la amenaza financiera y la voluntad de cambiar el comportamiento financiero. Este estudio hace una importante contribución a la literatura existente sobre las amenazas financieras, brinda excelentes sugerencias prácticas para inversionistas individuales domésticos y destaca los problemas que enfrentan estos pequeños inversores. Universidad Pedagógica y Tecnológica de Colombia 2021-07-25 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer reviewed Article application/pdf text/xml https://revistas.uptc.edu.co/index.php/cenes/article/view/13024 10.19053/01203053.v40.n72.2021.13024 Apuntes del Cenes; Vol. 40 No. 72 (2021); 47-70 Apuntes del Cenes; Vol. 40 Núm. 72 (2021); 47-70 2256-5779 0120-3053 eng https://revistas.uptc.edu.co/index.php/cenes/article/view/13024/10953 https://revistas.uptc.edu.co/index.php/cenes/article/view/13024/13284 Copyright (c) 2021 Hussain Mehdi, Shaukat Malik, Huma Ali, Zeeshan Rasool http://creativecommons.org/licenses/by-nc-sa/4.0 |
| spellingShingle | economic problems financial anxiety financial threat willingness to change behavior psychological distress social support dificultades económicas ansiedad financiera amenaza financiera voluntad de cambiar el comportamiento angustia psicológica apoyo social Mehdi, Hussain Malik, Shaukat Ali, Huma Rasool, Zeeshan Impact of Financial Threat on the Change of Investor Behavior: The Moderating Effect of Social Support During Covid-19 in Pakistan |
| title | Impact of Financial Threat on the Change of Investor Behavior: The Moderating Effect of Social Support During Covid-19 in Pakistan |
| title_alt | Impacto de la amenaza financiera en el cambio de comportamiento del inversor: el efecto moderador del apoyo social durante la Covid-19 en Pakistán |
| title_full | Impact of Financial Threat on the Change of Investor Behavior: The Moderating Effect of Social Support During Covid-19 in Pakistan |
| title_fullStr | Impact of Financial Threat on the Change of Investor Behavior: The Moderating Effect of Social Support During Covid-19 in Pakistan |
| title_full_unstemmed | Impact of Financial Threat on the Change of Investor Behavior: The Moderating Effect of Social Support During Covid-19 in Pakistan |
| title_short | Impact of Financial Threat on the Change of Investor Behavior: The Moderating Effect of Social Support During Covid-19 in Pakistan |
| title_sort | impact of financial threat on the change of investor behavior the moderating effect of social support during covid 19 in pakistan |
| topic | economic problems financial anxiety financial threat willingness to change behavior psychological distress social support dificultades económicas ansiedad financiera amenaza financiera voluntad de cambiar el comportamiento angustia psicológica apoyo social |
| topic_facet | economic problems financial anxiety financial threat willingness to change behavior psychological distress social support dificultades económicas ansiedad financiera amenaza financiera voluntad de cambiar el comportamiento angustia psicológica apoyo social |
| url | https://revistas.uptc.edu.co/index.php/cenes/article/view/13024 |
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