Impact of negative emotions on financial behavior: An assessment through general strain theory
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F70883521%3A28120%2F23%3A63561698" target="_blank" >RIV/70883521:28120/23:63561698 - isvavai.cz</a>
Result on the web
<a href="http://economic-research.pl/Journals/index.php/eq/article/view/2279" target="_blank" >http://economic-research.pl/Journals/index.php/eq/article/view/2279</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.24136/eq.2023.007" target="_blank" >10.24136/eq.2023.007</a>
Alternative languages
Result language
angličtina
Original language name
Impact of negative emotions on financial behavior: An assessment through general strain theory
Original language description
Research background: The research has two objectives and employs a serial mediation approach. First, using the general strain theory, it examines the mediating role of negative feelings and impact of economic adversity on people's risk tolerance and prudent financial behavior. The second is determining the various categories' variations according to age. Purpose of the article: The study's main objective is to evaluate financial behaviour of people with lower and medium incomes after the second wave of COVID-19 in India, and to contribute to the body of knowledge on general strain theory. Methods: The study examined the proposed framework and tested the serial mediation model based on the general strain theory used as a survey method for data collection, targeting lower and middle-income individuals in India's most populated state. The study applied PLS-SEM to test the framed hypotheses. Furthermore, the Kruskal Wallis test was applied to identify the difference in the various groups classified based on age. Findings & value added: The results reveal that economic hardship significantly influences improved financial behavior. Risk aversion attitude, loneliness, and depression mediate the relationship between economic hardship and financial behavior. Moreover, the study found quite a few significant differences between the different age groups. The present study will add to the existing literature on financial behavior under the scope of general strain theory and probably be among the few that test general strain theory with financial variables impact on lower and middle-income group individuals from a developing nation in post-COVID-19 period.
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
50204 - Business and management
Result continuities
Project
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Continuities
S - Specificky vyzkum na vysokych skolach
Others
Publication year
2023
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Equilibrium. Quarterly Journal of Economics and Economic Policy
ISSN
1689-765X
e-ISSN
2353-3293
Volume of the periodical
18
Issue of the periodical within the volume
1
Country of publishing house
PL - POLAND
Number of pages
35
Pages from-to
219-254
UT code for WoS article
000994211600007
EID of the result in the Scopus database
2-s2.0-85153888303