The Role of Financial Capability and Culture in Financial Satisfaction
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F70883521%3A28120%2F20%3A63525218" target="_blank" >RIV/70883521:28120/20:63525218 - isvavai.cz</a>
Result on the web
<a href="https://onlinelibrary.wiley.com/doi/epdf/10.1111/1759-3441.12299" target="_blank" >https://onlinelibrary.wiley.com/doi/epdf/10.1111/1759-3441.12299</a>
DOI - Digital Object Identifier
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Alternative languages
Result language
angličtina
Original language name
The Role of Financial Capability and Culture in Financial Satisfaction
Original language description
This paper presents an integrated framework for understanding the determinants of financial satisfaction in the context of two European nations with different cultural environments. The direct, indirect and interactive effects were tested through the path analysis method. It was found that to be financially capable is imperative because it governs the impacts of financial attitude and financial knowledge on financial satisfaction. Moreover, findings show that culture matters in explaining differences between countries. Hence, individualistic societies, compared to collectivistic ones, reflect a stronger relationship between financial attitude and financial satisfaction. Additionally, countries showing a high propensity in avoiding uncertainty reflect a negative association between risk tolerance and financial satisfaction, while those lacking such preference manifest a positive relationship.
Czech name
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Czech description
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Classification
Type
J<sub>SC</sub> - Article in a specialist periodical, which is included in the SCOPUS database
CEP classification
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OECD FORD branch
50202 - Applied Economics, Econometrics
Result continuities
Project
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Continuities
V - Vyzkumna aktivita podporovana z jinych verejnych zdroju
Others
Publication year
2020
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Economic Papers
ISSN
1759-3441
e-ISSN
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Volume of the periodical
39
Issue of the periodical within the volume
4
Country of publishing house
AU - AUSTRALIA
Number of pages
18
Pages from-to
1-18
UT code for WoS article
000567397800001
EID of the result in the Scopus database
2-s2.0-85090477997