Small Savings Scheme of the Post Office and Savings Habit of People: The Role of Financial Consultant

Q2 Business, Management and Accounting

Business Perspectives and Research Pub Date : 2023-04-29 DOI:10.1177/22785337221148595

Giridhari Mohanta

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Abstract

The small savings scheme plays a vital role in mobilizing savings for the economy, and the post office provides a variety of products to people to promote a savings habit. The current research attempts to analyze the moderation effect of financial consultants in relationship between the small savings scheme of the post office, financial literacy and behavior, and the savings habit of people. The study exhibits a significant positive impact of predictors and moderation variables on savings habits. In this regard, a two-phase structural equation modeling (SEM) has been employed to validate the hypothesized measurement model using confirmatory factor analysis (CFA), and in the next phase, the structural model verifies the hypothesized association between exogenous and endogenous variables to draw rational inferences. And a positive effect of predictors and interaction variables is observed. Finally, the study concluded with an important suggestion for the investment manager and other intermediaries: integrate the financial engineering process by giving due importance to investor needs.

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邮局小额储蓄计划与人们的储蓄习惯——财务顾问的作用

小额储蓄计划在为经济动员储蓄方面起着至关重要的作用，邮局为人们提供各种产品，以促进储蓄习惯。本研究试图分析理财顾问在邮局小额储蓄计划、理财素养和理财行为、人们储蓄习惯三者之间的调节作用。研究发现，预测变量和调节变量对储蓄习惯有显著的正向影响。为此，本文采用两阶段结构方程模型(SEM)，利用验证性因子分析(CFA)对假设的计量模型进行验证，在下一阶段，结构模型验证外生变量和内生变量之间的假设关联，从而得出合理的推论。预测因子和交互变量的正向影响。最后，研究对投资经理和其他中介机构提出了重要建议:通过重视投资者的需求来整合金融工程流程。

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

Business Perspectives and Research Business, Management and Accounting-Business and International Management

CiteScore

5.00

自引率

0.00%

发文量

期刊介绍： Business Perspectives and Research (BPR) aims to publish conceptual, empirical and applied research. The empirical research published in BPR focuses on testing, extending and building management theory. The goal is to expand and enhance the understanding of business and management through empirical investigation and theoretical analysis. BPR is also a platform for insightful and theoretically strong conceptual and review papers which would contribute to the body of knowledge. BPR seeks to advance the understanding of for-profit and not-for-profit organizations through empirical and conceptual work. It also publishes critical review of newly released books under Book Review section. The aim is to popularize and encourage discussion on ideas expressed in newly released books connected to management and allied disciplines. BPR also periodically publishes management cases grounded in theory, and communications in the form of research notes or comments from researchers and practitioners on published papers for critiquing and/or extending thinking on the area under consideration. The overarching aim of Business Perspectives and Research is to encourage original/innovative thinking through a scientific approach.