THE MODELLING OF FINANCIAL PLANNING IN EMERGING MARKET: AN EVIDENCE FROM ESTATE PLANNING

10.6292/AFPF.202212_(10).0002

K. Krishnamoorthy；Hon-Wei Leow；Mui-Yee Cheok；Lee-Chin Tay

Financial Knowledge ； Selfless Attitude ； Social Influence ； Perceived Behavior Control ； Legal Awareness

Advances in Financial Planning and Forecasting

10期（2022 / 12 / 01）

21 - 42

英文

The purpose of this paper is to analyze the factors affecting estate planning behavior in Malaysia. This study is conducted among 260 Malaysian Indians who have written their wills as a tool of estate planning. The respondent's opinions are collected using quantitative self-administered survey questionnaires. Numerous techniques such as diagnostic tests, descriptive analysis, Pearson's correlation analysis, and multiple regression analysis are used to execute the hypothesis. The results show, perceived behavior control and legal awareness are the significant factors that influence Malaysian Indian's intention to estate planning. This shows that theory of planned behavior is relevant in measuring estate planning behavior. However, financial knowledge, selfless attitude, and social influence do not have a significant impact on Malaysian Indian's estate planning behavior. The results of this paper could be applied to Malaysian Indians that interested in doing will for their beloved ones. Furthermore, this paper makes better awareness of the Indian society and expands the existing knowledge of estate planning in Malaysia.

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