Self-coping mechanism as a mediator between financial strains and financial security of single mothers in Malaysia
The main objective of this study was to examine the psychological aspect of self-coping mechanisms in influencing the relationship between financial strains and financial security of single mothers. A multistage random sampling was used to gather the data of 600 single mothers from six single mother...
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Malaysian Consumer and Family Economics Association
2018
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Online Access: | http://psasir.upm.edu.my/id/eprint/73856/1/Self-coping%20mechanism%20as%20a%20mediator%20between%20financial%20strains%20and%20financial%20security%20of%20single%20mothers%20in%20Malaysia.pdf http://psasir.upm.edu.my/id/eprint/73856/ |
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my.upm.eprints.738562020-05-06T19:13:45Z http://psasir.upm.edu.my/id/eprint/73856/ Self-coping mechanism as a mediator between financial strains and financial security of single mothers in Malaysia Ahmad, Siti Yuliandi Sabri, Mohamad Fazli Abdul Rahim @ Abdul Wahab, Husniyah Osman, Syuhaily The main objective of this study was to examine the psychological aspect of self-coping mechanisms in influencing the relationship between financial strains and financial security of single mothers. A multistage random sampling was used to gather the data of 600 single mothers from six single mother associations registered under the Ministry of Women, Family and Community Development in Malaysia. The data were statistically analysed using descriptive analysis of Pearson Product Moment Correlation and Structural Equation Modelling. There were positive significant relationships found between self-coping mechanisms, financial strains, and financial security. The structural equation of financial security model showed a relatively good fit to the data obtained in the study. The self-coping mechanisms were distinguished as a mediator in the relationships between financial strains and financial security. The self-coping mechanisms illustrated a moderate relationship (r = 0.427) in the financial security model. In testing the mediation effect, the indirect mediation existed in the relationships between financial strains and financial security. The findings of this have implied that single mother required coping strategies such as social support program or financial education. This study seems to support the importance of behavioural finance in line with notable empirical findings and the theoretical reasoning in understanding financial security of single mothers. Thus, government and non-profit organisation play crucial role to provide social support programme and financial education programme for single mothers. Malaysian Consumer and Family Economics Association 2018 Article PeerReviewed text en http://psasir.upm.edu.my/id/eprint/73856/1/Self-coping%20mechanism%20as%20a%20mediator%20between%20financial%20strains%20and%20financial%20security%20of%20single%20mothers%20in%20Malaysia.pdf Ahmad, Siti Yuliandi and Sabri, Mohamad Fazli and Abdul Rahim @ Abdul Wahab, Husniyah and Osman, Syuhaily (2018) Self-coping mechanism as a mediator between financial strains and financial security of single mothers in Malaysia. Malaysian Journal of Consumer and Family Economics, 21. 103 - 123. ISSN 1511-2802 |
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The main objective of this study was to examine the psychological aspect of self-coping mechanisms in influencing the relationship between financial strains and financial security of single mothers. A multistage random sampling was used to gather the data of 600 single mothers from six single mother associations registered under the Ministry of Women, Family and Community Development in Malaysia. The data were statistically analysed using descriptive analysis of Pearson Product Moment Correlation and Structural Equation Modelling. There were positive significant relationships found between self-coping mechanisms, financial strains, and financial security. The structural equation of financial security model showed a relatively good fit to the data obtained in the study. The self-coping mechanisms were distinguished as a mediator in the relationships between financial strains and financial security. The self-coping mechanisms illustrated a moderate relationship (r = 0.427) in the financial security model. In testing the mediation effect, the indirect mediation existed in the relationships between financial strains and financial security. The findings of this have implied that single mother required coping strategies such as social support program or financial education. This study seems to support the importance of behavioural finance in line with notable empirical findings and the theoretical reasoning in understanding financial security of single mothers. Thus, government and non-profit organisation play crucial role to provide social support programme and financial education programme for single mothers. |
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Article |
author |
Ahmad, Siti Yuliandi Sabri, Mohamad Fazli Abdul Rahim @ Abdul Wahab, Husniyah Osman, Syuhaily |
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Ahmad, Siti Yuliandi Sabri, Mohamad Fazli Abdul Rahim @ Abdul Wahab, Husniyah Osman, Syuhaily Self-coping mechanism as a mediator between financial strains and financial security of single mothers in Malaysia |
author_facet |
Ahmad, Siti Yuliandi Sabri, Mohamad Fazli Abdul Rahim @ Abdul Wahab, Husniyah Osman, Syuhaily |
author_sort |
Ahmad, Siti Yuliandi |
title |
Self-coping mechanism as a mediator between financial strains and financial security of single mothers in Malaysia |
title_short |
Self-coping mechanism as a mediator between financial strains and financial security of single mothers in Malaysia |
title_full |
Self-coping mechanism as a mediator between financial strains and financial security of single mothers in Malaysia |
title_fullStr |
Self-coping mechanism as a mediator between financial strains and financial security of single mothers in Malaysia |
title_full_unstemmed |
Self-coping mechanism as a mediator between financial strains and financial security of single mothers in Malaysia |
title_sort |
self-coping mechanism as a mediator between financial strains and financial security of single mothers in malaysia |
publisher |
Malaysian Consumer and Family Economics Association |
publishDate |
2018 |
url |
http://psasir.upm.edu.my/id/eprint/73856/1/Self-coping%20mechanism%20as%20a%20mediator%20between%20financial%20strains%20and%20financial%20security%20of%20single%20mothers%20in%20Malaysia.pdf http://psasir.upm.edu.my/id/eprint/73856/ |
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1669008834264301568 |
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13.159267 |