International Research Journal of Business Studies (E-Journal)
Vol 15, No 2 (2022): August - November 2022

Exploring Household Financial Self-Efficacy Amid MCO

Hway-Boon Ong (Multimedia University, Persiaran Multimedia, 63100 Cyberjaya, Selangor, Malaysia)



Article Info

Publish Date
11 Nov 2022

Abstract

The outbreak of the covid-19 pandemic had forced economies to implement movement restrictions that resulted in income shock to households.  This study aims to gauge the impact of income shock due to movement control order (MCO).   This study examined the factors that affect Malaysian household financial self-efficacy due to movement restrictions.  A survey was conducted online from 1 April 2020 to 30 June 2020 to gather responses from households.  Data collected were analyzed using the KMO sampling adequacy test, Bartlett's test, reliability, and factor analysis.  More than 46% of the respondents’ income was significantly decreased or somewhat decreased due to MCO.  Financial tools, lifestyle adaptation, contingency plans, and realization of the impact of MCO had significantly affected household financial efficacy.

Copyrights © 2022






Journal Info

Abbrev

jurnalirjbs

Publisher

Subject

Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Social Sciences

Description

International Research Journal of Business Studies (IRJBS), with registered number ISSN 2089-6271 (Print) and ISSN 2338-4565 (Online), is an open access and peer-reviewed scientific journal published by Prasetiya Mulya Publishing, Universitas Prasetiya Mulya. IRJBS published three times a year ...