Determinants of estate planning behaviour in Malaysia: An institutional theory perspective

Estate planning is one of the essential financial planning tools for the household and has gained scholarly attention in recent studies. This paper aims to explore the estate planning behaviour of working adults by examining the influence of coercive, normative, and mimetic pressures as well as fina...

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書目詳細資料
發表在:Kasetsart Journal of Social Sciences
主要作者: Basir F.A.M.; Ahmad W.M.W.; Rahman M.
格式: Article
語言:English
出版: Kasetsart University 2024
在線閱讀:https://www.scopus.com/inward/record.uri?eid=2-s2.0-85214989270&doi=10.34044%2fj.kjss.2024.45.4.25&partnerID=40&md5=234db27d2bb1ba92344761f714d2c4a1
實物特徵
總結:Estate planning is one of the essential financial planning tools for the household and has gained scholarly attention in recent studies. This paper aims to explore the estate planning behaviour of working adults by examining the influence of coercive, normative, and mimetic pressures as well as financial education. Data from 500 respondents were collected via an online survey of working adults in Malaysia. The data were analysed using PLS-SEM 4.0 to examine the hypothesized relationships. The findings revealed that the relationships between coercive, and normative pressures, and financial education were positive and significant with estate planning behaviour. In a developing country like Malaysia, the current findings would benefit authorities in understanding estate planning behaviour and assist them in formulating and implementing strategies to promote estate planning. The result of this research extends the existing estate planning knowledge in behavioural perspectives by using the Institutional Theory. In addition, it considers the inclusion of financial education as one of the predictors in demonstrating estate planning behaviour. © 2024 Kasetsart University.
ISSN:24523151
DOI:10.34044/j.kjss.2024.45.4.25