Factors influencing saving behaviour: A study on Petronas Chemicals Marketing (Labuan) LTD employees / Muhammad Abdullah

Awareness in retirement is still an indistinct matter among people in Malaysia and many retirement products being introduced by financial institutions and yet the initiatives to put aside for retirement are step sided by many. Since the majority think that companies and government retirement plan sh...

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Main Author:	Abdullah, Muhammad
Format:	Student Project
Language:	English
Published:	UITM Sarawak,Kampus Samarahan 2016
Subjects:	Business education Marketing
Online Access:	http://ir.uitm.edu.my/id/eprint/25391/ http://ir.uitm.edu.my/id/eprint/25391/1/PPb_MUHAMMAD%20ABDULLAH%20BM%20Q%2016_5.PDF

id	uitm-25391
recordtype	eprints
spelling	uitm-253912019-09-11T07:12:57Z http://ir.uitm.edu.my/id/eprint/25391/ Factors influencing saving behaviour: A study on Petronas Chemicals Marketing (Labuan) LTD employees / Muhammad Abdullah Abdullah, Muhammad Business education Marketing Awareness in retirement is still an indistinct matter among people in Malaysia and many retirement products being introduced by financial institutions and yet the initiatives to put aside for retirement are step sided by many. Since the majority think that companies and government retirement plan should be sufficient to cover for golden years costs. Yet, many studies have revealed that money saved in companies and government pension plan may not be enough for future expenditure. In the prior study, several researchers studied saving behaviour among the young adults such as university students rather than workforce. Even though there is not many studies focus on the financial behaviour of workforce, most of the studies were just focused on particular factors. For that reason, this study is aims to look into whether peer influence (PI),financial literacy (FL) and self-control (SC) have major influence on the saving behaviour (SB) of employees in private sector. Primary data are collected using self-administered questionnaire. The samples comprised 100 private sector employees in Petronas Chemicals Marketing (Labuan)Ltd. Meanwhile, Squared Multiple Correlations and Multiple Regression Analysis are employed to identify whether the three factors have relationship with the saving behaviour of private sector employees. The findings illustrate that all the peer influence,financial literacy and self-control have positive relationship with saving behaviour despite the fact that financial literacy has the utmost impact on saving behaviour among the three independent variables. This signifies that financial understanding is playing essential roles in ensuring private sector employees to begin saving behaviour. UITM Sarawak,Kampus Samarahan 2016 Student Project NonPeerReviewed text en http://ir.uitm.edu.my/id/eprint/25391/1/PPb_MUHAMMAD%20ABDULLAH%20BM%20Q%2016_5.PDF Abdullah, Muhammad (2016) Factors influencing saving behaviour: A study on Petronas Chemicals Marketing (Labuan) LTD employees / Muhammad Abdullah. [Student Project] (Unpublished)
repository_type	Digital Repository
institution_category	Local University
institution	Universiti Teknologi MARA
building	UiTM Institutional Repository
collection	Online Access
language	English
topic	Business education Marketing
spellingShingle	Business education Marketing Abdullah, Muhammad Factors influencing saving behaviour: A study on Petronas Chemicals Marketing (Labuan) LTD employees / Muhammad Abdullah
description	Awareness in retirement is still an indistinct matter among people in Malaysia and many retirement products being introduced by financial institutions and yet the initiatives to put aside for retirement are step sided by many. Since the majority think that companies and government retirement plan should be sufficient to cover for golden years costs. Yet, many studies have revealed that money saved in companies and government pension plan may not be enough for future expenditure. In the prior study, several researchers studied saving behaviour among the young adults such as university students rather than workforce. Even though there is not many studies focus on the financial behaviour of workforce, most of the studies were just focused on particular factors. For that reason, this study is aims to look into whether peer influence (PI),financial literacy (FL) and self-control (SC) have major influence on the saving behaviour (SB) of employees in private sector. Primary data are collected using self-administered questionnaire. The samples comprised 100 private sector employees in Petronas Chemicals Marketing (Labuan)Ltd. Meanwhile, Squared Multiple Correlations and Multiple Regression Analysis are employed to identify whether the three factors have relationship with the saving behaviour of private sector employees. The findings illustrate that all the peer influence,financial literacy and self-control have positive relationship with saving behaviour despite the fact that financial literacy has the utmost impact on saving behaviour among the three independent variables. This signifies that financial understanding is playing essential roles in ensuring private sector employees to begin saving behaviour.
format	Student Project
author	Abdullah, Muhammad
author_facet	Abdullah, Muhammad
author_sort	Abdullah, Muhammad
title	Factors influencing saving behaviour: A study on Petronas Chemicals Marketing (Labuan) LTD employees / Muhammad Abdullah
title_short	Factors influencing saving behaviour: A study on Petronas Chemicals Marketing (Labuan) LTD employees / Muhammad Abdullah
title_full	Factors influencing saving behaviour: A study on Petronas Chemicals Marketing (Labuan) LTD employees / Muhammad Abdullah
title_fullStr	Factors influencing saving behaviour: A study on Petronas Chemicals Marketing (Labuan) LTD employees / Muhammad Abdullah
title_full_unstemmed	Factors influencing saving behaviour: A study on Petronas Chemicals Marketing (Labuan) LTD employees / Muhammad Abdullah
title_sort	factors influencing saving behaviour: a study on petronas chemicals marketing (labuan) ltd employees / muhammad abdullah
publisher	UITM Sarawak,Kampus Samarahan
publishDate	2016
url	http://ir.uitm.edu.my/id/eprint/25391/ http://ir.uitm.edu.my/id/eprint/25391/1/PPb_MUHAMMAD%20ABDULLAH%20BM%20Q%2016_5.PDF
first_indexed	2023-09-18T23:14:38Z
last_indexed	2023-09-18T23:14:38Z
_version_	1777419030448046080

Factors influencing saving behaviour: A study on Petronas Chemicals Marketing (Labuan) LTD employees / Muhammad Abdullah

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