Financial Well-Being, Financial Literacy, And Environmentally Sustainable Behaviour: A PLS-SEM Approach
Kesejahteraan Kewangan, Literasi Kewangan, dan Tingkah Laku Lestari Alam Sekitar: Pendekatan PLS-SEM
DOI:
https://doi.org/10.33102/sainsinsani.vol9no2.698Keywords:
Financial Well-Being, Financial Literacy, Environmentally Sustainable Behaviour, Sustainable Development Goals, PLS-SEMAbstract
Abstract: Financial well-being is a global concern affecting human development, economic progress, social stability, and overall quality of life. Despite the groundswell of interest, research on this topic is still in its infancy, with significant gaps to be filled. These days, climate change has garnered significant global attention, with a focus on the impact financially well individual on environmentally sustainable behaviour. Using the Theory of Planned Behaviour (TPB), this study is therefore conducted to explore the influence of financial literacy on financial well-being and financial well-being on environmentally sustainable behaviour among Malaysians. The study's hypotheses were tested using the partial least squares structural equation modelling (PLS-SEM) technique, based on data from 271 respondents. The result of the study highlights the importance of financial knowledge, financial attitudes, and financial behaviour in influencing financial well-being and how financial well-being, in turn, impacts environmentally sustainable behaviour. It also sheds light on the mediating role of financial well-being in the relationship between financial literacy and environmentally sustainable behaviour. By extending the TPB-based model, the study broadens the body of research on the association between financial wellness and environmental sustainability. The study aims to assist government and non-governmental organizations in achieving the United Nations' Sustainable Development Goals (SDG) 2030, including no poverty, good health, reduced inequality, responsible consumption and production, and climate action.
Abstrak: Kesejahteraan kewangan ialah kebimbangan global yang menjejaskan pembangunan manusia, kemajuan ekonomi, kestabilan sosial, dan kualiti hidup secara keseluruhan. Walaupun terdapat peningkatan minat dalam bidang ini, namun penyelidikan mengenai topik ini masih di peringkat awal, dengan jurang yang ketara yang perlu diisi. Sejak akhir-akhir ini, perubahan iklim telah mendapat perhatian global yang ketara, dengan tumpuan kepada pengaruh individu yang mempunyai kesejahteraan kewangan terhadap tingkah laku lestari alam sekitar. Dengan menggunakan Teori Tingkah Laku Terancang (TPB), kajian ini dijalankan untuk meneliti pengaruh literasi kewangan terhadap kesejahteraan kewangan dan seterusnya kesejahteraan kewangan terhadap tingkah laku lestari alam sekitar dalam kalangan rakyat Malaysia. Hipotesis kajian telah diuji menggunakan teknik pemodelan persamaan struktur kuasa dua terkecil separa (PLS-SEM), berdasarkan data daripada 271 responden. Hasil kajian menekankan kepentingan pengetahuan kewangan, sikap kewangan, dan tingkah laku kewangan dalam mempengaruhi kesejahteraan kewangan dan bagaimana kesejahteraan kewangan, seterusnya, memberi kesan kepada tingkah laku lestari alam sekitar. Kajian ini juga memberi penerangan tentang peranan pengantara kesejahteraan kewangan dalam hubungan antara literasi kewangan dan tingkah laku lestari alam sekitar. Dengan memperluaskan model berasaskan TPB, kajian ini mengembangkan badan penyelidikan tentang perkaitan antara kesejahteraan kewangan dan kelestarian alam sekitar. Dapatan kajian ini bertujuan membantu kerajaan dan pertubuhan bukan kerajaan dalam mencapai Matlamat Pembangunan Lestari (SDG) Pertubuhan Bangsa-Bangsa Bersatu 2030, termasuk tiada kemiskinan, kesihatan yang baik, pengurangan ketidaksamaan, penggunaan dan pengeluaran yang bertanggungjawab, dan tindakan iklim.
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