Che Mohd Khalid,, Che Rohayu Darlynie and Sapiri, Hasimah and Misiran, Masnita and Md Yusof, Zahayu (2021) System Dynamics Model for Financial Management among University Students. In: Knowledge Management International Conference (KMICe) 2021, 1 February 2021.

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Abstract

Financial management defined as behaviour and perceptions about how financial is managed. Lack of sufficient knowledge on financial management will produce low savings, no budgeting, and failure to service debts on time and make impulsive buys. Low financial knowledge strongly resulted to higher level of debts. It is an urgency for Malaysians to improve their financial knowledge to improve their spending and investment habits especially among young adults. However, good practice of personal finances among students in Malaysia are still low whereby university students are found to have difficulties in managing their financial source. Therefore, the aim of this study is to assess university students’ financial management skills. This study determines factors that influence the financial situation and examine consequences of financial situation for university students. Data were collected among university students and system dynamics model was developed using Vensim Software. The results revealed factors that associated with financial situation are financial knowledge and financial skills. The model indicated that the impact on increasing the number of people that fails to manage future need caused by financial knowledge factor, will cause a decline in the number of people that are aware about their financial management, and vice versa

Item Type:	Conference or Workshop Item (Paper)
Additional Information:	E-ISSN 2773-5761
Uncontrolled Keywords:	Financial management, financial knowledge, system dynamics
Subjects:	Q Science > QA Mathematics
Divisions:	School of Quantitative Sciences
Depositing User:	Mdm. Sarkina Mat Saad @ Shaari
Date Deposited:	30 Apr 2024 13:13
Last Modified:	30 Apr 2024 13:13
URI:	https://repo.uum.edu.my/id/eprint/30777

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