The role of financial literacy in describing the use of professional financial advisors before and during the COVID-19 pandemic

Journal of Financial Services Marketing - This paper documents the effect of the COVID-19 pandemic on the use of profession financial advisors across a broad sample of financial decision makers...     

An exploratory study of examining students’ expectations of training in a laboratory class: Factor analysis of affective heuristic features

When developing effective training programs, it is important to know students’ expectations of laboratory classes. The authors collected 170 surveys from students in one laboratory class to investigate the underlying dimensions of their expectations of training. Factor analysis identified the following six dimensions of students’ expectations: climate, courtesy, credibility, entertainment, relevance, and structure. These dimensions of training expectations were used to cluster students into two groups: serious and enthusiastic. Thereafter, these two clusters were compared using chi-square tests to determine whether there were statistical differences among them. The findings suggest instructors should consider students expectations to improve students’ learning from laboratory classes.     

The links between job insecurity,financial well‐being and financial stress: A moderated mediation model

This study proposed a nuanced approach to the association between job insecurity and financial stress by examining whether financial well‐being mediates the established association. In addition, we examined whether the association between the job insecurity and financial stress, through financial well‐being, is moderated by income. For this study, we conducted a path analysis using 1,145 survey respondents. Results revealed a significant relationship between the job insecurity and financial stress and a partial mediation effect of financial well‐being. Moreover, the indirect effect of job insecurity on financial stress through financial well‐being was moderated by income. Although people who have higher financial well‐being were more likely to have lower financial stress, this relationship varied by income such that it was stronger for higher income groups than for lower income groups. Our findings provide insights into the way job insecurity and financial well‐being influence financial stress. This study will help the researchers and practitioners develop more effective and adaptive intervention programmes and resources for individuals and families. Implications for practice and directions for future research are discussed.     

Characteristics of random responders in a financial risk-tolerance questionnaire

Journal of Financial Services Marketing - The possibility of random response occurring, which can result in Type II errors, is possible whenever a financial risk-tolerance questionnaire is...