Validity and reliability of Malay version financial well-being scale among Malaysian employees

Financial well-being is perceived as one of the important parameters in measuring a person’s socio-economic status as well as his or her financial situation. While many measures are developed in the West to assess the financial well-being of an individual, a valid and reliable Malay translated scale...

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Main Authors:	Mohammad Rahim Kamaluddin, Rohany Nasir, Wan Shahrazad Wan Sulaiman, Sarah Waheeda Muhammad Hafidz, Janetter Marcial@Nur Atiqah Abdullah, Rozainee Khairudin, Zainah Ahmad Zamani
Format:	Article
Language:	English
Published:	Penerbit Universiti Kebangsaan Malaysia 2018
Online Access:	http://journalarticle.ukm.my/12834/ http://journalarticle.ukm.my/12834/ http://journalarticle.ukm.my/12834/1/18966-81006-1-PB.pdf

id	ukm-12834
recordtype	eprints
spelling	ukm-128342019-04-25T20:39:22Z http://journalarticle.ukm.my/12834/ Validity and reliability of Malay version financial well-being scale among Malaysian employees Mohammad Rahim Kamaluddin, Rohany Nasir, Wan Shahrazad Wan Sulaiman, Sarah Waheeda Muhammad Hafidz, Janetter Marcial@Nur Atiqah Abdullah, Rozainee Khairudin, Zainah Ahmad Zamani, Financial well-being is perceived as one of the important parameters in measuring a person’s socio-economic status as well as his or her financial situation. While many measures are developed in the West to assess the financial well-being of an individual, a valid and reliable Malay translated scale is still lacking to measure Malaysians’ status of financial well-being. With that in mind, this study aimed to validate Financial Well-being Scale in Malay language (henceforth, FWS-M) among a sample of adult Malaysian employees. The present study commenced with Forward-Backward translations and subsequently subjected to various validation phases: face, content and construct validity. A total of 600 Malaysian employees aged 20 years and above were recruited for the purpose of construct and factorial validations using a random sampling method. The data was analysed using Exploratory Factor Analysis while Cronbach’s Alpha method was employed to identify internal consistency of the scale. The inter-item correlation between items were also ascertained using a Pearson Correlation Coefficient method. The results showed FWS-M is a unidimensional scale with the factor loading ranged between 0.62 and 0.88. Meanwhile, the reliability analysis of this scale revealed a Cronbach’s Alpha coefficient of 0.92, indicating promising internal consistency of the items. The inter-item correlation among items in FWS-M ranged between 0.37 and 0.79. FWS-M is concluded as a valid and reliable unidimensional instrument to assess financial well-being among Malaysians employees. Penerbit Universiti Kebangsaan Malaysia 2018 Article PeerReviewed application/pdf en http://journalarticle.ukm.my/12834/1/18966-81006-1-PB.pdf Mohammad Rahim Kamaluddin, and Rohany Nasir, and Wan Shahrazad Wan Sulaiman, and Sarah Waheeda Muhammad Hafidz, and Janetter Marcial@Nur Atiqah Abdullah, and Rozainee Khairudin, and Zainah Ahmad Zamani, (2018) Validity and reliability of Malay version financial well-being scale among Malaysian employees. AKADEMIKA, 88 (2). pp. 109-120. ISSN 0126-5008 http://ejournal.ukm.my/akademika/issue/view/1064
repository_type	Digital Repository
institution_category	Local University
institution	Universiti Kebangasaan Malaysia
building	UKM Institutional Repository
collection	Online Access
language	English
description	Financial well-being is perceived as one of the important parameters in measuring a person’s socio-economic status as well as his or her financial situation. While many measures are developed in the West to assess the financial well-being of an individual, a valid and reliable Malay translated scale is still lacking to measure Malaysians’ status of financial well-being. With that in mind, this study aimed to validate Financial Well-being Scale in Malay language (henceforth, FWS-M) among a sample of adult Malaysian employees. The present study commenced with Forward-Backward translations and subsequently subjected to various validation phases: face, content and construct validity. A total of 600 Malaysian employees aged 20 years and above were recruited for the purpose of construct and factorial validations using a random sampling method. The data was analysed using Exploratory Factor Analysis while Cronbach’s Alpha method was employed to identify internal consistency of the scale. The inter-item correlation between items were also ascertained using a Pearson Correlation Coefficient method. The results showed FWS-M is a unidimensional scale with the factor loading ranged between 0.62 and 0.88. Meanwhile, the reliability analysis of this scale revealed a Cronbach’s Alpha coefficient of 0.92, indicating promising internal consistency of the items. The inter-item correlation among items in FWS-M ranged between 0.37 and 0.79. FWS-M is concluded as a valid and reliable unidimensional instrument to assess financial well-being among Malaysians employees.
format	Article
author	Mohammad Rahim Kamaluddin, Rohany Nasir, Wan Shahrazad Wan Sulaiman, Sarah Waheeda Muhammad Hafidz, Janetter Marcial@Nur Atiqah Abdullah, Rozainee Khairudin, Zainah Ahmad Zamani,
spellingShingle	Mohammad Rahim Kamaluddin, Rohany Nasir, Wan Shahrazad Wan Sulaiman, Sarah Waheeda Muhammad Hafidz, Janetter Marcial@Nur Atiqah Abdullah, Rozainee Khairudin, Zainah Ahmad Zamani, Validity and reliability of Malay version financial well-being scale among Malaysian employees
author_facet	Mohammad Rahim Kamaluddin, Rohany Nasir, Wan Shahrazad Wan Sulaiman, Sarah Waheeda Muhammad Hafidz, Janetter Marcial@Nur Atiqah Abdullah, Rozainee Khairudin, Zainah Ahmad Zamani,
author_sort	Mohammad Rahim Kamaluddin,
title	Validity and reliability of Malay version financial well-being scale among Malaysian employees
title_short	Validity and reliability of Malay version financial well-being scale among Malaysian employees
title_full	Validity and reliability of Malay version financial well-being scale among Malaysian employees
title_fullStr	Validity and reliability of Malay version financial well-being scale among Malaysian employees
title_full_unstemmed	Validity and reliability of Malay version financial well-being scale among Malaysian employees
title_sort	validity and reliability of malay version financial well-being scale among malaysian employees
publisher	Penerbit Universiti Kebangsaan Malaysia
publishDate	2018
url	http://journalarticle.ukm.my/12834/ http://journalarticle.ukm.my/12834/ http://journalarticle.ukm.my/12834/1/18966-81006-1-PB.pdf
first_indexed	2023-09-18T20:03:29Z
last_indexed	2023-09-18T20:03:29Z
_version_	1777407004148498432

Validity and reliability of Malay version financial well-being scale among Malaysian employees

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