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Unveiling the Impact of Psychological Traits on Innovative Financial Decision-making in Small Tourism Businesses

Author

Listed:
  • Navjot Sandhu

    (Birmingham City University)

  • Hatem El-Gohary

    (Qatar University)

Abstract

Understanding factors affecting innovative financial decision-making involves the usage of more than one theory-driven model including those related to psychological behaviour (e.g. theory of planned behaviour). This study validates a conceptual framework extending the traditional financing model (TFM) and behavioural financial decision (BFD) to explain innovative financial decision-making utilising both qualitative and quantitative approaches. Based on a sample of 140 small tourism businesses, employing structured equation modelling, the findings reinforce the importance of the behavioural approach on innovative financial decision-making in small tourism businesses. The findings does not only make a respectable contribution the field, but also offer a practical evidence for the adaptation of the theory of planned behaviour in developing countries.

Suggested Citation

  • Navjot Sandhu & Hatem El-Gohary, 2023. "Unveiling the Impact of Psychological Traits on Innovative Financial Decision-making in Small Tourism Businesses," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 14(3), pages 2284-2317, September.
    • Handle: RePEc:spr:jknowl:v:14:y:2023:i:3:d:10.1007_s13132-022-00987-y
    DOI: 10.1007/s13132-022-00987-y
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