TY - JOUR
T1 - Market volatility and financial satisfaction: The role of financial self-efficacy
AU - Asebedo, Sarah
AU - Payne, Patrick
PY - 2019
Y1 - 2019
N2 - Advance online publication March 2018, journal publication 2019: doi:10.1080/15427560.2018.1434655This study investigates the role of financial self-efficacy (FSE) in moderating the relationship between market volatility and financial satisfaction within a sample of 3,405 adults 50 years old and over from the Health and Retirement Study. Results revealed that market volatility had no statistically significant effect with financial satisfaction for those with moderate or high FSE, but market volatility did have a negative effect for those with low FSE. Results suggest that FSE is an important predictor of financial satisfaction amidst market volatility and should be considered when establishing an appropriate asset allocation for client portfolios.
AB - Advance online publication March 2018, journal publication 2019: doi:10.1080/15427560.2018.1434655This study investigates the role of financial self-efficacy (FSE) in moderating the relationship between market volatility and financial satisfaction within a sample of 3,405 adults 50 years old and over from the Health and Retirement Study. Results revealed that market volatility had no statistically significant effect with financial satisfaction for those with moderate or high FSE, but market volatility did have a negative effect for those with low FSE. Results suggest that FSE is an important predictor of financial satisfaction amidst market volatility and should be considered when establishing an appropriate asset allocation for client portfolios.
U2 - 10.1080/15427560.2018.1434655
DO - 10.1080/15427560.2018.1434655
M3 - Article
SP - 42
EP - 52
JO - Journal of Behavioral Finance
JF - Journal of Behavioral Finance
ER -