UID:
almahu_9949386344502882
Format:
1 online resource (xx, 203 pages) :
,
illustrations (some color).
ISBN:
9780429623561
,
0429623569
,
9780429054358
,
0429054351
,
9780429623226
,
0429623224
,
9780429623394
,
0429623399
Series Statement:
Routledge advances in management and business studies
Content:
"This book examines four aspects of Malaysian consumers' financial vulnerabilities. First, it discusses the issue of over-indebtedness due to excessive reliance on consumer financing. Second, the book investigates why Malaysians are ill-prepared for their golden years in terms of retirement planning and savings. Third, it delves into the problem of financial fraud victimisation among Malaysian consumers. Fourth, the book analyses the reasons why Malaysians are underinsured despite the distinct benefits of life insurance. Drawing on secondary data from government agencies such as Bank Negara Malaysia, Employees Provident Fund, Royal Malaysian Police and the Department of Statistics Malaysia, each chapter presents statistical trends reflecting the four financial vulnerabilities. In-depth analyses of the literature reveal three broad psychological domains (cognition, motivation and disposition) and specific psychological factors (e.g. over-confidence, self-control, social norms and financial literacy) that significantly influence consumers' financial decisions. The four financial vulnerabilities investigated in this book directly addresses the strategic outcomes of the Malaysian National Strategy for Financial Literacy 2019-2023 (MNSFL), a five-year plan to elevate the financial literacy of Malaysians. Finally, the book presents strategic recommendations that are believed to be useful guidelines for relevant policymakers to promote positive financial behaviours and rational attitudes among consumers. It will be a useful resource for policymakers and researchers interested in economic psychology and behavioural finance"--
Note:
An Overview of Consumer Financial Vulnerabilities in Malaysia -- Consumer Debt : Friend or Foe? Exploring its Causes and Consequences -- Will Malaysians Retire in Contentment or Misery? Financial Behaviour Issues Approaching Old Age -- Falling Prey to Financial Fraud : Investigating the Causes of Victimisation -- The Paradox of Life Insurance Protection : Why Are Consumers Underinsured? -- Summary and Strategic Recommendations.
Additional Edition:
Print version: Nurul Shahnaz Ahmad Mahdzan. Consumer financial vulnerabilities in Malaysia Abingdon, Oxon ; New York, NY : Routledge, 2021. ISBN 9780367148874
Language:
English
Keywords:
Electronic books.
;
Electronic books.
;
Electronic books
URL:
https://www.taylorfrancis.com/books/9780429054358
Bookmarklink
