Conference presentation
An exploratory investigation of the role of hope in predicting responsible financial behaviour
2011 University Research Conference Program Book, p.13
USC Research Conference, 2011 (Sunshine Coast, Australia, 18-Jul-2011–22-Jul-2011)
University of the Sunshine Coast
2011
Abstract
During the recent global financial crisis, politicians have urged their constituents to embrace hope. While references to hope have been made, the role hope has in people's fi nancial behaviour is unknown. This exploratory study aimed to investigate the relationship between hope and responsible fi nancial behaviour. Staff and students of the University of the Sunshine Coast, as well as the general population were invited to complete a questionnaire which measured hope and six fi nancial variables. Hope was assessed using the mi Hope Scale. This scale measures seven hope factors (i.e., positive activity, rule based thinking, goal-setting, interpersonal relationships, external control, internal effort, and certainty). The six fi nancial variables of fi nancial literacy, income, future orientation, materialism, and the money attitudes factors of retention-time and power-prestige were measured. These variables have been identifi ed in the literature as predictors of responsible fi nancial behaviour. Structural equation modelling was used to test the hypothesised model on the fi nal sample of 360 cases. Results indicated that the goal-setting mi Hope Scale factor directly predicted responsible fi nancial behaviour. Furthermore, this factor also directly predicted responsible fi nancial behaviour via the income and the retention-time money attitudes factor. The mi Hope Scale factor of rule-based thinking was found to indirectly predict responsible fi nancial behaviour through the variables of materialism and the money attitudes factor of power-prestige. These results provide support that there is a relationship between hope and responsible financial behaviour.
Details
- Title
- An exploratory investigation of the role of hope in predicting responsible financial behaviour
- Authors
- Kay Pozzebon (Author) - University of the Sunshine Coast - Faculty of Arts and Social Sciences
- Publication details
- 2011 University Research Conference Program Book, p.13
- Conference details
- USC Research Conference, 2011 (Sunshine Coast, Australia, 18-Jul-2011–22-Jul-2011)
- Publisher
- University of the Sunshine Coast
- Date published
- 2011
- Organisation Unit
- School of Social Sciences - Legacy; University of the Sunshine Coast, Queensland; School of Health - Psychology; School of Health and Behavioural Sciences - Legacy
- Language
- English
- Record Identifier
- 99449370802621
- Output Type
- Conference presentation
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