Mediating effect of self-coping mechanisms on associations between financial practices and financial security of female-headed households

• Main Authors: Ahmad, Siti Yuliandi Ahmad, Sabri, Mohamad Fazli, Abd Rahimc, Husniyah, Osman, Syuhaily
• Format: Article
• Language: English; English
• Published: Malaysian Consumer and Family Economics Association (MACFEA) 2016
• Subjects: HG179 Personal finance
• Online Access: http://irep.iium.edu.my/67430/7/67430%20Mediating%20effect%20of%20self-coping%20mechanisms.pdf; http://irep.iium.edu.my/67430/8/67430%20Mediating%20effect%20of%20self-coping%20mechanisms%20SCOPUS.pdf; http://irep.iium.edu.my/67430/; http://www.majcafe.com/wp-content/uploads/2017/04/10.-mediating-effect-1.pdf
• Institution: Universiti Islam Antarabangsa Malaysia

Coping process involves contingency actions of individual to alter their cognitive and behaviour to cope with stress encountering events in life. Self-coping mechanisms were examined further as mediating effect between financial practices and financial security among female-headed households in Malaysia. A model was then constructed based on Characteristics Theory, Cognitive of Stress and Coping Theory. A multi-stage random sampling was executed and a self-administered survey was executed to collect data from 600 respondents from six single mother associations at every zone in Malaysia. A structural equation modelling using AMOS software was used to examine mediating effect of self-coping mechanisms in a relationship between financial practices and financial security of female-headed households in Malaysia. The findings support that a significant relationship exists between indirect and mediating models. The study revealed that there is a partial mediating effect of self-coping mechanisms between financial practices and financial security. The role of self-coping mechanisms is crucial to grasp a better understanding of how financial practices and financial security are related to improving the living standards of female-headed households. Implications and limitations of the study are dissussed further.