• The Journal of Asian Finance, Economics and Business
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• v.7 no.10
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• pp.73-85
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• 2020

As an effort to achieve sustainable development and increase people's welfare, financial inclusion has become the policy agenda of many countries. Therefore, the effect of financial inclusion on economic growth, poverty, income inequality, and financial stability in several countries in Asia has become the goal and this is the subject of this study. Financial inclusion is measured by 3 dimensions, namely banking penetration, access to banking services, and use of banking services. Poverty ratio below the national poverty line and the Gini coefficient are used as indicators of poverty and income inequality. Financial stability is measured by Bank Z-Score and bank nonperforming loans. The results from the hypothesis test shows that all dimensions of financial stability simultaneously have significant influence on economic growth, poverty, income inequality, and financial stability. On the other hand, the partial impact of financial inclusion dimension on economic growth, poverty alleviation, income inequality, and financial stability in ten countries of Asia has not been optimal. The derived results of this study is required to be interpreted and considered by the Governments of each country in developing strategies for increasing financial inclusion, so that the policy to achieve sustainable development and enhancement of people's welfare can be achieved.

• Journal of Families and Better Life
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• v.31 no.4
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• pp.131-144
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• 2013

Financial transfers between parents and their adult children are a growing trend in Korean society. This study investigates the relation of household assets to intergenerational financial transfers among the middle-aged and focuses on the influences of various types of assets on financial transfers from the middle-aged to their older parents and adult children. The paper presents an analysis of data from the second wave of KReIS on the financial transfers provided by those aged 50-69 years to their parents and children. The results show that around one-fifth of the respondents reported providing financial resource transfers to their parents, and that about one-third of the respondents provided financial transfers to their children. In terms of the other direction of financial transfers, a small percentage of the respondents received financial transfers from their parents; otherwise more than half of the respondents reported receiving financial transfers from their children. The influences of various types of assets are statistically significant on financial transfers to parents, to adult children and from adult children. Specifically the size of financial assets is associated with a likelihood of providing financial resource to both parents and children.

• The Journal of Asian Finance, Economics and Business
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• v.8 no.5
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• pp.11-19
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• 2021

The paper examines the nexus between economic globalization, financial development and institutional reform in India and Sri Lanka during the period 1990-2017. Using the panel ARDL method, the study finds the long-run relationship between financial development, economic globalization, and institutional reforms. From the short-run equation, the study finds the negative and statistically significant impact of economic globalization on financial development in India whereas Sri Lanka has a positive impact of institutional quality on financial development. Then, the study finds no short-run causality between financial development, economic globalization and institutional reforms. However, the study finds bi-direction strong causality between economic globalization and financial development. Further, the study finds uni-directional strong causality from institutional quality to financial development and economic globalization. Moreover, there is an existence of long-run causality between financial development, economic globalization and institutional quality. For the robustness of the results, the study considers the financial market as a proxy for financial development. Then, the study applies the panel ARDL test and find the consistency in the results. The policymakers in India and Sri Lanka should focus on institutional reforms so that it can reap the benefit of economic globalization. In turn, the quality of institutional reforms can thereby lead to financial development.

• Journal of the Korean Home Economics Association
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• v.37 no.8
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• pp.91-102
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• 1999

The purpose of this study was to examine the factors affecting financial management behavior and financial satisfaction of husbands and wives. The data were collected from 212 couples living in Pusan and Kyungnam region by the self-administered questionnaire. The major findings of this study were as follows: (1) the communication frequency of husbands and wives was an important factor affecting financial management behavior and financial satisfaction for them; (2) financial management behavior was an important variable affecting financial satisfaction for husbands and wives; and (3) financial satisfaction of husbands and wives were affected by monthly saying. From these findings, it is suggested that the financial management program focusing on the ways to increase communication among family members and to implement financial management effectively should be developed.

• Journal of the Korean Home Economics Association
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• v.45 no.4
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• pp.17-28
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• 2007

The purpose of the study was to provide informations about the financial status of elderly households using financial ratios. The data was obtained from 2000 national households, consisting of 4,824 of elderly households. Descriptive tatistics were used to analyze the financial ratios and eleven different financial ratios. The results of this study were as follows. The financial status of elderly households need to be analyzed in detail according to age group, income level and asset level. In addition, some financial ratios already developed in previous studies may not applicable which necessitates the development of financial ratios specifically for application to elderly households for finanical counselors. The study results suggest the possibility of inequality among elderly households. The following studies need to focus on the limitation of these studies.

• International Journal of Human Ecology
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• v.5 no.1
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• pp.83-95
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• 2004

The purpose of the study was to examine the determinants of financial well-being of the baby boomers. With data on 1,789 households from the 1998 Survey of Consumer Finances, the study provided a profile of baby boomers using demands, resources, financial attitudes, and financial practices. The descriptive statistics showed that 18% of the baby boomers were financially well off showing that they met the guidelines for two financial ratios: liquidity and solvency ratio. The results of logistic analysis on the measures of financial well-being revealed that financial management practices played an important role in predicting boomer's financial well-being. This suggested a positive approach of financial education to the baby boomers to help them manage their current finance well as well as prepare for their retirement.

• East Asian Economic Review
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• v.19 no.2
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• pp.143-166
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• 2015

This paper investigates the empirical evidence on the relationship between financial accessibility and economic growth to test the conventional hypothesis that improved financial accessibility leads to financial development and economic growth. First, we built a dynamic panel model on the relationship between financial accessibility and economic growth with a set of controlled variables. We then used several financial access indicators from 165 countries, collected from 2004 to 2011, applying the generalized method of moments (GMM) estimators to estimate their relationship. From these estimations, we found that high financial accessibility leads to high income in general. In addition, we found that an increase in financial access indicators had a greater impact on economic growth in low-income countries than it did on economic growth in high-income countries.

• Journal of Family Resource Management and Policy Review
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• v.11 no.3
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• pp.123-144
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• 2007

The major purpose of this study is to find level of financial management behavior and relation factors. In addition, It is also to suggest how to overcome family financial problems on urban housewives' in the time of economic crisis and to provide the fundamental data to improve economic stability. Consequently, in the times of economic crisis, housewives' change-oriented family finance management behavior appeared to be more desirable. Through change-oriented family finance management behavior, housewives needs try to find reasonable solution to improve family cohesion and financial stability. Specially, housewives have to make use of financial information for effective financial management behavior and the financial stability of family members.

• Journal of Contemporary Eastern Asia
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• v.21 no.2
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• pp.47-68
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• 2022

Micro, Small, and Medium Enterprises (East Java, Indonesia) are one of the businesses that drive developing nations' economies with various challenges, particularly in finance and digitalization. The impact of financial literacy and the use of digitalization can affect the recording and reporting of company performance. This is quantitative research, and the population in this research is SMEs in East Java, with 401 SMEs from various businesses for the sample used. This research uses the primary data method of SMEs in East Java with the Structural Equation Model as a data analysis tool. The results showed a significant relationship between financial literacy and financial performance, and digital literacy was based on financial performance. However, digital literacy could not moderate financial literacy with the financial performance of East Java SMEs. Much of the untapped potential in this study was adopted from financial governance and digitalization. It is hoped that the subsequent study will examine other phenomena on the variables used in the post-pandemic.

• International Journal of Computer Science & Network Security
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• v.22 no.2
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• pp.39-46
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• 2022

The article is devoted to clarifying current trends in the digitalization of financial services. To this end, the evolution of this process in the financial sector was studied and six stages of its development were identified. The components of successful implementation of digitalization in the field of financial services and its tasks are outlined. It was found that fintech companies, which work to achieve effective interaction between the financial sector and innovative technologies in the use of mobile applications in order to most fully and quickly meet the needs of customers with financial services, are of great importance for the formation and development of digitalization in financial services. Current trends in the digitalization of financial services in Ukraine based on the use of fintech in general and banking institutions in particular are presented.