Browsing by Author "Kleingbiel, Kristi"
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- ItemThe development and empirical evaluation of a saving behaviour structural model(Stellenbosch : Stellenbosch University, 2020-03) Kleingbiel, Kristi; Gorgens-Ekermans, Gina; Stellenbosch University. Faculty of Economic and Management Sciences. Dept. of Industrial Psychology.ENGLISH ABSTRACT : Employee well-being is directly linked to productivity and efficiency. Overall well-being encapsulates a variety of dimensions, amongst other, financial well-being. Saving behaviour is an inherent component of financial well-being. The extent to which South African employees engage in saving behaviour is declining at a rapid rate. This research study aimed to investigate the dynamics of a selected set of variables that could possibly account for variance in saving behaviour, as a means to better understand and conceptualise the psychological processes underlying saving behaviour amongst employees in South Africa. The selected variables include gender, financial delay of gratification, self-control, financial literacy and financial self-efficacy. An ex post facto correlational design with a non-probability convenience sample of 199 South African employees was utilised. The results of the analysis (conducted with PLS) provided sufficient evidence that four of the nine hypothesised paths contained in the model were significant. More specifically, the direct relationship between gender and saving behaviour, as well as the relationship between self-control and delay of gratification were found to be significant, although the relationship from delay of gratification to saving behaviour was not significant. Moreover, although no evidence was found for financial literacy as a direct predictor of saving behaviour, it was found to be a significant predictor of financial self-efficacy, whilst financial self-efficacy emerged as a significant predictor of saving behaviour. Thereby implying that the effect of financial literacy on saving behaviour was not a direct effect, but rather mediated by financial self-efficacy. Therefore, it is suggested that if organisations design and implement interventions aimed to increase the financial literacy of employees, financial self-efficacy should likely increase. Furthermore, an increase in financial self-efficacy will possibly have a positive influence on saving behaviour.