2026-04-15T03:34:15Z https://meral.edu.mm/oai

oai:meral.edu.mm:recid/1153 2024-08-20T08:29:10Z 1582963436320 1582963436320:1582965701379 user-yueco

DETERMINANTS OF EMPLOYEES SAVING BEHAVIOR (Zay Phyo Naing, 2019) Zay Phyo Naing Individuals are faced with making important financial decisions regarding regular income, savings, investing, and retirement plan etc. Across the globe, developed and emerging economies are experiencing growth in the sophistication of financial markets and banking services. Individuals require a greater degree of financial literacy to understand and explore these sophisticated and emerging financial markets and products. This study aims to identify the saving behavior of Embassy Staffs in Yangon and to explore the influencing factors on embassy staffs’ saving behavior. Therefore, the determinants of saving behaviour among the Embassy Yangoon staffs are used in this study. In this study,150 respondents are selected with simple random method and survey questioners are collected in July 2019. To explore the factors influencing, there are four determinants of saving behaviour which are financial literacy, parental socialization, peer influence and selfcontrol. According to the finding of the study, saving behaviour varies on level of financial knowledge. Financial literacy is found to influence on individual saving behaviour. This could be due to their educational level too. The findings show high level of financial illiteracy among the respondents. Besides, parents play an important role in affecting their children in the conduct of saving. Furthermore, peer influence can have a great impact on saving behaviour of embassy staffs due to their close relationship other than parents. Lastly, no one can affect another easily. In other words, self-control plays an important role for staff to practice saving. Thus, based on this study, financial literacy is most important influencing factors to save money. This study has positive social change implications in that it could lead to improvement in financial well-being of employees as well as the nation’s economy. Therefore, to enhance knowledge of advantages of saving, financial institutions likes banks should do activities for encourage of financial literacy. 2019-12-02 http://hdl.handle.net/20.500.12678/0000001153 https://meral.edu.mm/records/1153