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The role of financial capability and culture in financial satisfaction

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dc.title The role of financial capability and culture in financial satisfaction en
dc.contributor.author Çera, Gentjan
dc.contributor.author Khan, Khurram Ajaz
dc.contributor.author Belás, Jaroslav
dc.contributor.author Ribeiro, H.N.R.
dc.relation.ispartof Economic Papers
dc.identifier.issn 0812-0439 Scopus Sources, Sherpa/RoMEO, JCR
dc.date.issued 2020
dc.type article
dc.language.iso en
dc.publisher Wiley-Blackwell
dc.identifier.doi 10.1111/1759-3441.12299
dc.relation.uri https://onlinelibrary.wiley.com/doi/full/10.1111/1759-3441.12299?af=R
dc.subject financial satisfaction en
dc.subject financial capability en
dc.subject financial advice en
dc.subject risk tolerance en
dc.subject culture en
dc.description.abstract This paper presents an integrated framework for understanding the determinants of financial satisfaction in the context of two European nations with different cultural environments. The direct, indirect and interactive effects were tested through the path analysis method. It was found that to be financially capable is imperative because it governs the impacts of financial attitude and financial knowledge on financial satisfaction. Moreover, findings show that culture matters in explaining differences between countries. Hence, individualistic societies, compared to collectivistic ones, reflect a stronger relationship between financial attitude and financial satisfaction. Additionally, countries showing a high propensity in avoiding uncertainty reflect a negative association between risk tolerance and financial satisfaction, while those lacking such preference manifest a positive relationship. © 2020 The Economic Society of Australia en
utb.faculty Faculty of Management and Economics
dc.identifier.uri http://hdl.handle.net/10563/1009906
utb.identifier.obdid 43881264
utb.identifier.scopus 2-s2.0-85090477997
utb.identifier.wok 000567397800001
utb.source j-scopus
dc.date.accessioned 2020-09-18T09:37:47Z
dc.date.available 2020-09-18T09:37:47Z
dc.description.sponsorship Internal Grant Agency of FaME TBU [IGA/FaME/2019/002]
utb.contributor.internalauthor Çera, Gentjan
utb.contributor.internalauthor Khan, Khurram Ajaz
utb.contributor.internalauthor Belás, Jaroslav
utb.fulltext.affiliation Gentjan Çera 1,2, Khurram Ajaz Khan 1, Jaroslav Belas 1, Humberto Nuno Rito Ribeiro 3 1 Tomas Bata University Zlin, Czech Republic. 2 Agricultural University of Tirana Tirana, Albania. 3 University of Aveiro Aveiro, Portugal. Correspondence: Gentjan Çera, Tomas Bata University, Mostní 5139, 760 01 Zlín, Czech Republic. Email: cera@utb.cz
utb.fulltext.dates Accepted date: August 8, 2020
utb.fulltext.sponsorship This paper was supported by Internal Grant Agency of FaME TBU No. IGA/FaME/2019/002. Authors are thankful to Nhat Tan Pham, Quyen Phu Thi Phan and to the anonymous reviewers for their constructive comments in improving the paper.
utb.wos.affiliation [Cera, Gentjan; Khan, Khurram Ajaz; Belas, Jaroslav] Tomas Bata Univ, Mostni 5139, Zlin 76001, Czech Republic; [Cera, Gentjan] Agr Univ Tirana, Tirana, Albania; [Ribeiro, Humberto Nuno Rito] Univ Aveiro, Aveiro, Portugal
utb.scopus.affiliation Tomas Bata University, Zlin, Czech Republic; Agricultural University of Tirana, Tirana, Albania; University of Aveiro, Aveiro, Portugal
utb.fulltext.projects IGA/FaME/2019/002
utb.identifier.jel I31
utb.identifier.jel G51
utb.identifier.jel G53
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