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

Exploring Household Financial Self-Efficacy Amid MCO

Ong , Hway-Boon (Unknown)



Article Info

Publish Date
24 Sep 2024

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 analysed 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 plan and realisation of the impact of MCO had significantly affected household financial efficacy.

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Journal Info

Abbrev

jurnalirjbs

Publisher

Subject

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

Description

International Research Journal of Business Studies (IRJBS) comprises three constructs. The word “International” refers to our mission to provide readers with relevant fields of study and to involve authors in giving their contributions on an international scale. ”Research Journal” refers to ...