Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/289107 
Year of Publication: 
2022
Citation: 
[Journal:] Cogent Business & Management [ISSN:] 2331-1975 [Volume:] 9 [Issue:] 1 [Article No.:] 2105565 [Year:] 2022 [Pages:] 1-16
Publisher: 
Taylor & Francis, Abingdon
Abstract: 
Financial distress is not only experienced by people with no income, but also those with a large income. This research aims to examine the effect of individual characteristics and a neurotic personality on personal financial difficulties with financial behaviour as an intervening variable. The study involved 600 Indonesian respondents. The data were analysed using structural equation modelling-the partial least squares method. The results of this study revealed that at an alpha level of 5%, neurotic traits have significant effects on financial behaviour and personal financial distress. The higher the score of a person's neuroticism, the lower their investment consideration, which consequently leads to the tendency of falling into debt and as a result financial distress. Good financial behaviour can mitigate the financial distress faced by an individual with a high neuroticism score.
Subjects: 
debt behaviour
investment behaviour
neurotic personality traits
personal financial distress
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Article

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