Does demographics influence 'orientation towards finances' (ORTOFIN): A study in the Saudi Arabian context

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Abstract

Orientation towards finance (ORTOFIN) is an individual behavioural disposition characterized by personal interests and skills related to managing one's own finances effectively. ORTOFIN Scale was construed as an individual behavioral disposition that considers the personal financial management behaviour concern (Loix, Pepermans, Mentens, Goedee & Jegers, 2005). The scale which was validated using rigorous procedure, in the European population was standardized in the Asian population by Sulphey & Nisa (2014). The present study was done in the Kingdom of Saudi Arabia. The objective of the study was to find out the relation between ORTOFIN and various demographic factors. The study has found out that only certain demographic factors are related to ORTOFIN.

Original languageEnglish
Pages (from-to)291-299
Number of pages9
JournalInternational Journal of Applied Business and Economic Research
Volume15
Issue number4
StatePublished - 2017

Keywords

  • Behavioural Finance
  • KSA
  • Orientation towards finance
  • ORTOFIN

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