Financial Literacy Among Hong Kong’s Chinese Adolescents

2018 ◽  
Vol 52 (4) ◽  
pp. 548-573 ◽  
Author(s):  
Alex Yue Feng Zhu ◽  
Kee Lee Chou
Keyword(s):  
Hong Kong ◽  
Parental Stress ◽  
Financial Literacy ◽  
Family Income ◽  
Critical Role ◽  
Chinese Adolescents ◽  
Financial Behavior ◽  
Entry Points ◽  
The Government ◽  
Role Of Parents

Against today’s global backdrop where financial responsibility has been transferred from the government to individuals, financial literacy, as a key component of financial capacity, could be an effective strategy to escape from lifecourse poverty. Compared with young adults, research demonstrates that financial literacy among adolescents is of greater importance. The present study fills the theoretical gap to measure the financial literacy of Hong Kong Chinese adolescents by validated Financial Fitness for Life (FFFL) Test, and explore its development by fitting data collected in Hong Kong into a model of socialization and a model of general poverty and comparing their ability to explain the link between family income and the financial literacy of adolescents. The results of the model of socialization show that parental financial behavior can explain the link between family income and the financial literacy of adolescents. The results of the model of general poverty are associated with better influential power, showing that the same link can be mediated by both parental stress and positive parenting behavior. The findings of this study specify the critical role of parents, offer specific entry points for interventions by policymakers and educators, and provide parents with pathways to positively influence the development of financial literacy among adolescents.

Financial literacy training programs and financial behaviour: Why people do not become “financially literate”?

2020 ◽  
pp. 80-93
Author(s):  
D. V. Kislitsyn
Keyword(s):  
Financial Literacy ◽  
Financial Behavior ◽  
Literacy Programs ◽  
Financial Decisions ◽  
Financial Decision ◽  
Improvement Programs ◽  
The Government ◽  
Low Efficiency ◽  
Economic Understanding

The paper takes a critical view on the prevalent approaches to developing financial literacy programs. It has been shown that meta-analytical and review studies indicate low efficiency of financial literacy improvement programs: their effect on financial behavior is either statistically insignificant or statistically significant, but practically negligible. Among potential reasons of financial literacy programs low efficiency the role of behavioral factors in financial decision making and the impossibility of determining “financially literate” behavior from the perspective of an outside observer are considered. It is concluded that the currently dominant criteria for assessing financially competent behavior can be characterized either as procedural, within which not the consequences of financial decisions are considered, but how consciously they are taken, or as normative, within which the government differentiates the consumers attitudes into wrong and right. Both groups of criteria are based on a non-economic understanding of rationality.

Pengaruh Literasi Keuangan, Financial Technology, dan Gaya Hidup terhadap Perilaku Keuangan Guru Taman Kanak-Kanak

2021 ◽  
Vol 4 (2) ◽  
pp. 290-307
Author(s):  
M Iqbal Zarkasyi
Keyword(s):  
Financial Literacy ◽  
Sampling Technique ◽  
Total Sample ◽  
Teaching Profession ◽  
Point Of View ◽  
Financial Behavior ◽  
Public And Private ◽  
Teacher Qualification ◽  
The Government ◽  
Financial Technology

The current teaching profession is very promising in terms of income, especially for those who have obtained a professional diploma. The government provides additional income or allowances for public and private teachers through a teacher qualification certification program. The government is trying to improve the professionalism of teachers, but in reality, there are not a few teachers who view from the wrong point of view that the professional allowance is a teacher's right and a government obligation. The purpose of this study was to determine the effect of financial literacy, financial technology, and lifestyle on financial behavior in kindergarten teachers in the Sukolilo District, Surabaya City. Determination of the sample using the slovin method with purposive sampling technique resulted in a total sample of 74 respondents. The data analysis technique used is Partial square (PLS). The results of this study indicate that financial literacy has a positive and significant effect on financial behavior, financial technology is not significant to financial behavior, and lifestyle has a positive and significant effect on financial behavior.

scholarly journals An integrated model of financial well-being: The role of financial behavior

Accounting ◽  
2021 ◽  
pp. 691-700 ◽  
Author(s):  
Rr. Iramani ◽  
Lutfi Lutfi
Keyword(s):  
Marital Status ◽  
Financial Literacy ◽  
Structural Equation ◽  
Online Survey ◽  
Well Being ◽  
Equation Model ◽  
Financial Knowledge ◽  
Financial Behavior ◽  
Financial Status ◽  
The Government

One of the main goals of every individual or household is to achieve financial well-being. Previous research has shown that various factors influence financial well-being. This research aims to develop an integrated family financial welfare model by examining various factors that affect it. This study uses data of 1,158 households taken using an online survey. The data is analyzed using a structural equation model. The results show that financial experience, financial knowledge, financial status, and marital status directly affect financial well-being. Financial behavior significantly mediates the influence of financial behavior, financial knowledge, and locus of control on financial well-being. Furthermore, marital status strengthens the effect of financial knowledge on financial well-being, but it does not strengthen the effect of financial experience on financial well-being. This study suggests that the Government and financial authorities need to improve further the effectiveness of financial literacy and financial inclusion programs and campaign for a more frugal life among households to avoid financial difficulties.

scholarly journals Financial Behavior of Working Women in Investment Decision-Making

2019 ◽  
Vol 11 (2(I)) ◽  
pp. 10-20 ◽  
Author(s):  
Nadia Asandimitra ◽  
Tony Seno Aji ◽  
Achmad Kautsar
Keyword(s):  
Financial Literacy ◽  
Financial Planning ◽  
Investment Decision ◽  
Working Women ◽  
Financial Behavior ◽  
Investment Plan ◽  
Government Sector ◽  
Investment Decision Making ◽  
The Government ◽  
Descriptive Method

The purpose of this study is to measure the level of financial literacy of working women, to describe assets allocation, as well as the time and profit in investment. This research paper is a qualitative study using the descriptive method. Noting the purpose, it is suitable if the qualitative approach was implemented. The respondents are working women with most of them have been married, 16-22 years old on average, have a bachelor degree, and work in the government sector with the majority of the income is more than 4.000.000 rupiahs. Those respondents’ characteristics will influence their choice in doing investment because it is associated with the tolerance of risks. The first form of behavior and preference of investment done by working women is that majority of them have thought about investment plan and most of the respondents think that everyone can get profitable investment if they do financial planning and saving/investment. The second form of behavior is that the majority of respondents are more interested in property investment. The third form of behavior motivating working women in doing investment is themselves, like retirement planning and family security reason. Based on the study, it shows that working women have high financial literacy which is indicated by their discipline in doing the investment of their excess money, thus they have control over their finances and believe to get investment profit they should do financial planning.

THE IMPLEMENTATION OF EMS IN CONSTRUCTION FIRMS: CASE STUDY IN HONG KONG

2001 ◽  
Vol 03 (02) ◽  
pp. 177-194 ◽  
Author(s):  
RAYMOND Y. C. TSE
Keyword(s):  
Hong Kong ◽  
Construction Industry ◽  
Critical Role ◽  
Environmental Management System ◽  
Market Demand ◽  
Construction Firms ◽  
Iso 14000 ◽  
Construction Activity ◽  
The Government

It has been increasingly recognised that construction activity imposes external costs to the environment. This paper aims to review the benefits and major problems in the implementation of ISO 14000 EMS in the Hong Kong construction industry. This study surveyed major construction firms in Hong Kong to uncover the hindrance factors contributing to the low adoption of ISO 14000. Based on the findings, this paper identifies and ranks the perceived order which hinders the construction firms' adoption of ISO 14000. The case study in Hong Kong serves as a reference point for understanding the problems in the implementation of ISO 14000 in other countries. Specifically, this study found that the four major obstacles to ISO 14000 implementation are: lack of government pressure; lack of client requirement/supports; expensive implementation cost; and sub-contracting systems, which create difficulties in managing the EMS. Since the government is a very dominant client, the extent to which the Government wishes to restrict its choice of tenderer to those firms that have an environmental management system in place, will demonstrate its commitment to environmentally responsible operations. The public sector clients play a critical role in driving the construction industry to improve its operations through contractual requirements. Education of the end-users is also important to create market demand for environmentally friendly construction. To an extent, professional institutions and other industry bodies can help to instill a greater sense of accountability among industry participants by stipulating acceptable standards of behaviour and establishing a supportive regulatory framework.

STRATEGI PEMBERDAYAAN BURUH MIGRAN PEREMPUAN INDONESIA DI HONGKONG

2009 ◽  
Vol 8 (2) ◽  
pp. 59-72
Author(s):  
Tyas Retno Wulan ◽  
Lala M. Kolopaking ◽  
Ekawati Sri Wahyuni ◽  
Irwan Abdullah
Keyword(s):  
Hong Kong ◽  
Migrant Workers ◽  
Financial Management ◽  
Practical Knowledge ◽  
Social Remittances ◽  
Central Java ◽  
The Social ◽  
Ethical Work ◽  
The Government ◽  
Female Migrant

Social remittances (ideas, system practice, and social capital flow from the receiving country to the home country) of Indonesian female migrant workers (BMP) in Hong Kong appeared better and more complete than other BMP in other countries like Malaysia, Saudi Arabia, or Singapore.  Based on that research, we are encouraged to do extensive research in order to identify factors  that push  BMP’s social remittances development  in Hong Kong, to identify kinds of social remmitances they receive  and to understand on how far their social remittances become a medium to empower them and their society.  This study is done in qualitative method that uses an in-depth interview technique and FGD.  Subjects of study are BMP, the government (Ministry of Manpower and Transmigration and BNP2TKI), NGOs, migrant workers’ organization and researchers of BMP. The study done in Cianjur (West Java), Wonosobo and Banyumas (Central Java) and Hong Kong indicates that during their migration process, female migrant workers not only have economical remittance that can be used for productive activities, but also social remittances.  The social remittances are in the form practical knowledge such as language skill and nursery; knowledge on health, financial management; ethical work; the mindset changing and networking. The study  indicate that female migrant workers are extraordinary women more than just an ex-helper.  Their migration has put them into a position as an agent of development in society.Key words: Indonesians  female migrant workers, social remmitances, empowerment

Flood alleviation in a heavily urbanized area – Kai Tak Nullah, Hong Kong

2012 ◽  
Vol 7 (4) ◽  
Author(s):  
Alan K. L. Chan ◽  
Colin K. C. Wong ◽  
Robin H. N. Lee ◽  
Mike W. H. Cho
Keyword(s):  
Hong Kong ◽  
Public Engagement ◽  
Urban Areas ◽  
Hydraulic Modelling ◽  
The Public ◽  
Design Considerations ◽  
Urbanized Area ◽  
Development Area ◽  
The Government ◽  
Exercise Design

The existing Kai Tak Nullah flows from Po Kong Village Road along Choi Hung Road and Tung Tau Estate into Kai Tak Development Area before discharging into the Victoria Harbour. Historically its upstream has been subject to flooding under storm conditions and this has had serious repercussions for the adjacent urban areas. A study has been commissioned by the Drainage Services Department of the Government of the Hong Kong Special Administrative Region (HKSAR), China to investigate the flood mechanisms and to provide flood alleviation measures by improving the capacity of the Kai Tak Nullah. In addition to flood alleviation, there is a strong public aspiration to rehabilitate the Kai Tak Nullah by a comparatively natural river design. Since the Kai Tak Nullah is located within a heavily urbanized area, traffic and environmental impacts are also highly concerned. The final flood alleviation scheme has thus had to strike a balance among the aforesaid factors with assistance from the hydraulic modelling utilizing InfoWorks Collection Systems (CS) software. This paper presents the public engagement exercise, design considerations, methodologies, and recommendations regarding the reconstruction and rehabilitation of the Kai Tak Nullah.

The nexus between the increasing involvement of youth in betting games and unemployment: the Nigerian perspective

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Gbemi Oladipo Olaore ◽  
Bimbo Onaolapo Adejare ◽  
Ekpenyong Ekpenyong Udofia
Keyword(s):  
Structural Equation ◽  
Family Income ◽  
Equation Model ◽  
Content Type ◽  
Global Industry ◽  
Youth Involvement ◽  
Technology Advancement ◽  
Confirmatory Factor ◽  
The Government ◽  
Practical Implications

Purpose Betting games have become a global industry worth billions of dollars providing employment to millions and contributing to the gross domestic product (GDP) of several countries. While there are debates and controversies surrounding betting games discourse, a growing body of literature shows that it has been exacerbated by growing unemployment rates. This paper aims to examine the nexus between the increasing involvement of youth in betting games and unemployment from the Nigerian perspective. Design/methodology/approach The study adopts simple random and stratified sampling techniques to select participants for the study. Three hypotheses were tested for this study and confirmatory factor analysis (CFA) and structural equation model (SEM) was used to test the hypotheses. Findings The three hypotheses tested in this study were coined from previous literature. The study established a direct link between technology advancement, promises of winning big coupled with bonuses while unemployment was not significant to youth involvement in betting games. The study also showed that playing betting games provides another source of income to the youth, who are already engaged in one form of work or another. Finally, youth involvement in betting games has created awareness regarding different sports in the world, while contributing to Nigeria’s economy. Practical implications As betting games centre as a business in Nigeria has contributed substantially and positively to unemployment in Nigeria; the Government of Nigeria are encouraged to streamline and regulate the activities of the sector such that they can contribute significantly to the country GDP and provide employment opportunities to the youths. Originality/value The research shows that the reason why betting games have a massive turnaround of youths in Nigeria is not majorly because of unemployment but as another means to a substantial financial individual/family income. Thus, Nigerian youths see betting games as an avenue to make more money. The study is the first of its kind to examine the nexus between betting games, technology and unemployment hence, its contribution to knowledge.

scholarly journals Public Personnel Management Process Capability Assessment

2019 ◽  
Vol 49 (1) ◽  
pp. 111-140 ◽  
Author(s):  
Ebru Gökalp ◽  
Onur Demirörs ◽  
P. Erhan Eren
Keyword(s):  
Personnel Management ◽  
Critical Role ◽  
Process Capability ◽  
Software Process Improvement ◽  
Management Process ◽  
Process Definition ◽  
Multiple Case ◽  
Generate Process ◽  
The Government ◽  
Definition Of

Personnel management plays a critical role in the success of public organizations. Our literature review shows that there is a lack of systematic guidance on how to improve Public Personnel Management Process (PPMP) quality. Software Process Improvement and Capability Determination (SPICE) is a process assessment framework that is successfully used by software organizations during the past two decades. The framework can also be used as a baseline to generate process capability models for different specific domains/sectors. We have utilized this approach for the government domain and we developed the process definition of PPMP. To observe the benefits and usability of the model, we have performed a multiple case study, including the assessments of three organizations’ PPMP capability levels and the development of action plans for PPMP improvement. The findings show that the proposed approach is applicable for identifying the PPMP capability levels and is capable of providing a roadmap for moving to the next level.

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