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  1. Yangon University of Economics
  1. Yangon University of Economics
  2. Master of Banking and Finance (MBF/EMBF)

Factors Influencing Financial Behavior of Employees at AYA Bank (Moe Thandar Hein, 2024)

https://meral.edu.mm/records/10550
https://meral.edu.mm/records/10550
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11ad4975-52af-4a11-a68d-80dde0cba1fe
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Title
Title Factors Influencing Financial Behavior of Employees at AYA Bank (Moe Thandar Hein, 2024)
Language en
Publication date 2024-10-01
Authors
Moe Thandar Hein
Description
The objective of the study is to examine factor influencing financial behavior of
employees at AYA Bank and to analyze the effect of financial behavior on financial well
being of employees at AYA Bank. In order to accomplish the objective of the study, both
primary data and secondary data were used. The primary data were collected from 296
employees of 1,130 in AYA Bank Yangon branches with simple random sampling. The
secondary data are collected from previous research paper, internet websites, published
journals and relevant text books. The study used a descriptive and quantitative research
method. Both primary and secondary data were applied in this study. According to the
analysis, the influencing factors of financial behavior are financial literacy, financial
attitude, financial knowledge and self-control. Overall mean scores high in financial
attitude, literacy, and knowledge, self-control scores are slightly lower. These factors
together support their financial stability. Employees perception is to prioritize tracking
expenses and saving for emergencies, with moderate adherence to budgeting, indicating
room for improvement in financial behavior. Employees feel secure in their finances and
confident in handling emergencies, though comfort with daily living expenses shows
potential for improvement. As the regression analysis financial literacy and financial
knowledge had the most significant impact on financial behavior. Financial attitude and
self-control had small effects on financial behavior. And as the multiple regression analysis
financial behavior has significant positive effect on the financial well-being of employee at
AYA Bank. This study suggests that enhancing employees’ financial literacy and financial
knowledge through structured training can significantly improve their financial behavior
and well-being. AYA Bank should consider implementing personalized financial planning
workshops that cost, debt management, saving and investment skills. Regular evaluations
of employees’ financial behaviors should allow AYA Bank financial wellness programs,
by ensuring they effectively support employees in achieving long-term financial stability.
Thesis/dissertations
Yangon University of Economics
Prof. Dr. Aye Thanda Soe
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