Dipendra Singh
, Albert A. Barreda
, Yoshimasa Kageyama
, Nripendra Singh
Dipendra Singh 1
Albert A. Barreda 2
Yoshimasa Kageyama 3
Nripendra Singh 4
- Associate Professor Rosen College of Hospitality Management University of Central Florida Florida, FL, USA. 1
- Assistant Professor Hospitality Leadership Missouri State University Springfield, MO, USA 2
- Assistant Professor Hospitality Leadership Missouri State University Springfield, MO, USA. 3
- Professor of Marketing College of Business Administration and Information Sciences Clarion University of Pennsylvania Clarion, PA, USA. 4
on Google Scholar
on PubMed
A comprehensive financial literacy questionnaire surveyed prospective psychological constructs as antecedents (financial literacy, economic perception, financial self-confidence, financial behavior, and personal financial performance) of applying financial self-efficacy in a large sample of working students in the hospitality and tourism industry. It is expected that financial literacy and economic perception are key antecedents of financial self-efficacy, which in turns may influence financial behaviors and personal financial performance in shaping a working student’s future skills for designing effective financial plans. For this purpose, the structural equations model was empirically tested. Moreover, the mediating indirect effects of financial self-efficacy in the relationships between financial literacy and economic environment on financial behavior and financial performance were tested through a two-phase methodological analysis. This study contributes to the literature by investigating the effects of financial self-efficacy, financial literacy and economic perception on personal financial behavior. The significance of the contribution is to propose and examine empirically a theory-based model of financial self-efficacy and financial behavior-performance in a service context among Generation Yers.
Generation Y, Financial behavior, Financial self-efficacy, Financial literacy, Financial performance, Economic perception, Hospitality.