2024-03-19T07:51:51Z
https://meral.edu.mm/oai
oai:meral.edu.mm:recid/1153
2021-12-13T01:50:47Z
1582963436320:1582965701379
user-yueco
DETERMINANTS OF EMPLOYEES SAVING BEHAVIOR
Zay PhyoNaing (MBF - 83)
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
http://hdl.handle.net/20.500.12678/0000001153
https://meral.edu.mm/records/1153