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Orientation Towards Finances: Testing of ORTOFIN Scale in the Indian Context

Author

Listed:
  • M. M. Sulphey

    (TKM Institute of Management, India)

  • Nisa S.

    (TKM Institute of Management, India)

Abstract

Orientation towards finances is an individual behavioral disposition characterized by personal interests and skills related to managing one’s own finances effectively. Loix et al. (2005) employing rigorous procedures developed and validated a scale to find out the financial orientation, and termed it ‘Orientation Towards Finances’ (ORTOFIN). The scale developed and validated in the European context has been used in a number of countries. However, no study has so far tested its applicability in the Indian context. The present study replicated most of the analyses done in developing the ORTOFIN Scale, in the Indian context. The result of Factor analysis presented clear replications of the original work confirming the universal applicability of the scale. The study also established that there was no significant difference in the variables with respect to marital status. However, significant difference existed between males and females in one variable – Personal Financial Planning.

Suggested Citation

  • M. M. Sulphey & Nisa S., 2014. "Orientation Towards Finances: Testing of ORTOFIN Scale in the Indian Context," Journal of Applied Management and Investments, Department of Business Administration and Corporate Security, International Humanitarian University, vol. 3(4), pages 257-264.
    • Handle: RePEc:ods:journl:v:3:y:2014:i:4:p:257-264
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    Cited by:

    1. Sana Rashid & SMuhammad Bilal & SAbid Hussain & SManzoor Ahmad Shah, 2022. "Impact of Financial Inclusion on Financial Well-Being: Moderating Effect of Orientation towards Finance," Journal of Economic Impact, Science Impact Publishers, vol. 4(2), pages 124-133.
    2. Nasser Saad Al-Kahtani, 2018. "Perception of private telecom employees towards unfair HRM practices: an empirical investigation," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 5(4), pages 957-966, June.
    3. Nasser Saad Al-Kahtani, 2018. "Perception of private telecom employees towards unfair HRM practices: an empirical investigation," Post-Print hal-01859321, HAL.
    4. M. M. Sulphey, 2015. "Construction and Validation of Learning Organization Questionnaire," Journal of Applied Management and Investments, Department of Business Administration and Corporate Security, International Humanitarian University, vol. 4(1), pages 35-44.

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