FINANCIAL RISK TOLERANCE AND KNOWLEDGE OF FINANCIAL PLANNING FOR RETIREMENT ON RETIREMENT SAVING BEHAVIOR: A STUDY ON WORKERS IN BANDUNG CITY, INDONESIA

Autor: Dai R.M., Hakim M.A.
Jazyk: English<br />Russian
Rok vydání: 2023
Předmět:
Zdroj: Eurasia: Economics & Business, Vol 74, Iss 8, Pp 117-121 (2023)
Druh dokumentu: article
ISSN: 2522-9710
Popis: This research aims to examine the influence of financial risk tolerance, knowledge of financial planning for retirement on retirement saving behavior at worker at Bandung City, Indonesia. A survey utilizing a quantitative research method and 100 respondents was employed. Data were analyzed using The Structural Equation Model-Partial Least Square (SEM-PLS) to evaluate the inner and outer model, also test the hypotheses. The results showed that Financial Risk Tolerance and Knowledge of Financial Planning for Retirement has simultaneously have a positive effect on Retirement Saving Behavior. The size of the impact value is seen from the original sample value of 54.1%. This research can contribute for development of financial literacy for retirement so companies can have awareness about it.
Databáze: Directory of Open Access Journals