IDEAS home Printed from https://ideas.repec.org/a/spr/jsecdv/v25y2023i2d10.1007_s40847-023-00239-y.html
   My bibliography  Save this article

Determinants of financial resilience: insights from an emerging economy

Author

Listed:
  • Fazelina Sahul Hamid

    (University of the West of England)

  • Yiing Jia Loke

    (Universiti Sains Malaysia)

  • Phaik Nie Chin

    (Universiti Sains Malaysia)

Abstract

The Organisation for Economic Co-operation and Development Financial Literacy Survey of 2018 response is used to study the impact of financial knowledge, financial inclusion, and socio-demographic characteristics on financial resilience. The measurement of financial resilience considers elements related to keeping control of money, taking care of expenditures, having a financial cushion, handling financial shortfall or stress, and having financial planning. Using a sample of 3395 individuals across Malaysia, we find that greater financial knowledge is associated with the probability of being financially resilient. Greater financial inclusion in terms of having more bank accounts and holding more financial products is linked to the probability of being financially resilient. We also find that financial resilience varies across certain socio-demographic characteristics. Implications of the findings are discussed.

Suggested Citation

  • Fazelina Sahul Hamid & Yiing Jia Loke & Phaik Nie Chin, 2023. "Determinants of financial resilience: insights from an emerging economy," Journal of Social and Economic Development, Springer;Institute for Social and Economic Change, vol. 25(2), pages 479-499, December.
    • Handle: RePEc:spr:jsecdv:v:25:y:2023:i:2:d:10.1007_s40847-023-00239-y
    DOI: 10.1007/s40847-023-00239-y
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1007/s40847-023-00239-y
    File Function: Abstract
    Download Restriction: Access to the full text of the articles in this series is restricted.
    File URL: https://libkey.io/10.1007/s40847-023-00239-y?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:jsecdv:v:25:y:2023:i:2:d:10.1007_s40847-023-00239-y. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.