Impact of negative emotions on financial behavior: An assessment through general strain theory

Kód výsledku v 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>

Výsledek na webu

<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>

Jazyk výsledku

angličtina

Název v původním jazyce

Impact of negative emotions on financial behavior: An assessment through general strain theory

Popis výsledku v původním jazyce

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&apos;s risk tolerance and prudent financial behavior. The second is determining the various categories&apos; variations according to age. Purpose of the article: The study&apos;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&apos;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 &amp; 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.

Název v anglickém jazyce

Impact of negative emotions on financial behavior: An assessment through general strain theory

Popis výsledku anglicky

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&apos;s risk tolerance and prudent financial behavior. The second is determining the various categories&apos; variations according to age. Purpose of the article: The study&apos;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&apos;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 &amp; 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.

Druh

J_SC - Článek v periodiku v databázi SCOPUS

CEP obor

—

OECD FORD obor

50204 - Business and management

Projekt

—

Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2023

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název periodika

Equilibrium. Quarterly Journal of Economics and Economic Policy

ISSN

1689-765X

e-ISSN

2353-3293

Svazek periodika

18

Číslo periodika v rámci svazku

1

Stát vydavatele periodika

PL - Polská republika

Počet stran výsledku

35

Strana od-do

219-254

Kód UT WoS článku

000994211600007

EID výsledku v databázi Scopus

2-s2.0-85153888303