期刊名称：International Journal of Business and Management Studies
电子版ISSN：1309-8047
出版年度：2018
卷号：10
期号：2
页码：183-193
出版社：Social Sciences Research Society
摘要：While personal financial planning is of significant importance in ensuring
financial satisfaction in the future, an extensive search of four large online
academic databases, namely EBSCOhost, Emerald, Google Scholar and Sabinet
Reference revealed no evidence of a validated attitudes-towards-personalfinancial-planning
scale within the South African context. To address this gap in
the literature, the purpose of this study was to validate attitudes towards personal
financial planning as a five-factor structure within the South African context. A
single cross-sectional descriptive research design was followed in this study. The
study used a survey self-administered questionnaire to collect the necessary data
from a convenience sample of 385 black Generation Y students enrolled at two
Gauteng-based public South African university campuses. The techniques used to
analyse the data included Pearson’s product-moment correlation analysis,
multicollinearity analysis, reliability measures and confirmatory factor analysis
using the maximum likelihood method. The findings of the analysis validate that
the proposed measurement model of attitudes towards personal financial planning
is a five-factor structure that comprises the financial planning process, credit
planning, insurance planning, investment planning and estate planning. The
measurement model showed internal-consistency reliability, composite reliability,
construct, convergent, discriminant and nomological validity. Moreover, the
measurement model displayed no evidence of multicollinearity between the
factors. In addition, the model fit indices were indicative of good model fit.
