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Full Length Research
Paper
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Toward a framework of
determinants of financial management and financial problems
among university students
Leila Falahati1 and Laily H. Paim2*
1Department of Women Studies, Science and Research Branch,
Islamic Azad University, Tehran, Iran
2Department of Resource Management and Consumer Studies,
Faculty of Human Ecology, University Putra Malaysia.
*Corresponding author. E-mail:
laily@putra.upm.edu.my .
Accepted
20 July, 2011 |
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Abstract |
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This study
examines the effect of financial socialization, financial
knowledge, financial attitude, and socialization agents on
predicting financial management among college students. The
sample comprised 2,430 students in six public and five private
universities across Malaysia, which were randomly selected for
the study. A self-administered questionnaire was used as the
data collection method. The results indicate that in order of
rank, spendthrift attitude, financial socialization, secondary
socialization agents, and financial knowledge predict financial
management. In addition, the results indicate that, in order,
spendthrift attitude, secondary socialization agents,
conservative attitude and financial management predict financial
problems among college students.
Key words:
Financial management, financial problems, financial attitude,
financial knowledge, financial socialization, effect of
socialization agents, university students.
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