Financial Outcomes of the Locus of Control: PLS-SEM Evidence from Croatia

IF 0.7 Q3 ECONOMICS
Ana Kundid Novokmet, Marija Vuković
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引用次数: 0

Abstract

Raising importance of personality traits within the financial decision-making literature inspired us to conduct a research with locus of control in the main role for achieving financial benefits in personal finance. PLS-SEM analysis was adopted using the data set of 130 Croatian citizens who took part in a questionnaire survey. We confirmed that external locus of control is detrimental to self-control, which afterwards reflects in personal finance management. To be more precise, people with less developed self-control are more prone towards compulsive buying, materialism and indebtedness. Personality traits such as locus of control are usually stable among adults. Thus, mainly self-control can be exercised and improved. That is the key message of this article for external people and various providers of financial literacy programs – change is possible and manageable principally via practicing self-control. Nevertheless, the subsequent studies could offer a more detailed insight into the interplays between locus of control, financial literacy, self-control and financial outcomes.
控制权的财务结果:克罗地亚的 PLS-SEM 证据
在财务决策文献中,人格特质的重要性日益凸显,这促使我们开展了一项研究,探讨在实现个人财务利益方面起主要作用的控制力。我们利用参加问卷调查的 130 名克罗地亚公民的数据集进行了 PLS-SEM 分析。我们证实,外部控制感不利于自我控制,这随后反映在个人财务管理中。更确切地说,自我控制能力较差的人更容易出现强迫性购买、物质主义和负债。成人的人格特质(如控制感)通常是稳定的。因此,自控力主要是可以锻炼和提高的。这就是本文向外界人士和各种金融知识课程提供者传达的关键信息--主要通过练习自我控制,改变是可能的,也是可控的。不过,后续的研究可以更详细地揭示控制源、财务知识、自我控制和财务结果之间的相互作用。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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来源期刊
CiteScore
1.30
自引率
16.70%
发文量
20
审稿时长
30 weeks
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