College Students' Money Beliefs and Behaviors: An Asian Perspective

The multidimensionality of money was investigated, using exploratory factor analysis (EFA). The respondents, 290 college students from Korea, Japan, and the United States, were administered a survey, which included socio-demographic questions, and Furnham's (1984) Money Beliefs and Behaviors (M...

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Veröffentlicht in:Early Childhood Education Journal 2004-12, Vol.25 (4), p.469-481
Hauptverfasser: Masuo, Diane M., Lakshmi Malroutu, Y., Hanashiro, Rieko, Kim, Jung Hoon
Format: Artikel
Sprache:eng
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Zusammenfassung:The multidimensionality of money was investigated, using exploratory factor analysis (EFA). The respondents, 290 college students from Korea, Japan, and the United States, were administered a survey, which included socio-demographic questions, and Furnham's (1984) Money Beliefs and Behaviors (MBBS) Scale. Through a series of principal components analyses, a three-factor model with 10 MBBS items was identified. The three factors, Power, Security, and Financial Modesty accounted for 53.6% of the variance. The findings have implications for college students and financial management practitioners. [PUBLICATION ABSTRACT]
ISSN:1082-3301
1058-0476
1573-3475
DOI:10.1007/s10834-004-5491-z