IES Management College And Research Centre

Does Financial Mindfulness Make a Difference? A Nexus of Financial Literacy and Behavioural Biases in Women Entrepreneurs (Record no. 54805)

MARC details
000 -LEADER
fixed length control field 02401nam a22002417a 4500
003 - CONTROL NUMBER IDENTIFIER
control field OSt
005 - DATE AND TIME OF LATEST TRANSACTION
control field 20230927175645.0
008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION
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100 ## - MAIN ENTRY--PERSONAL NAME
Personal name Iram, T.,
9 (RLIN) 38664
245 ## - TITLE STATEMENT
Title Does Financial Mindfulness Make a Difference? A Nexus of Financial Literacy and Behavioural Biases in Women Entrepreneurs
300 ## - PHYSICAL DESCRIPTION
Extent 7-21 p.
520 ## - SUMMARY, ETC.
Summary, etc This article aims to determine the intervening strength of financial mindfulness between financial literacy and behavioural biases in women entrepreneurs. The literature has an enduring discussion regarding the profoundly unique financial behaviour of women. Financial literacy and behavioural biases constitute a recurrent research topic, yet how this nexus exists in the premise of women’s entrepreneurship is not well known. Building on this gap, we examined the impact of financial literacy on women entrepreneurs’ behavioural biases by focusing on financial mindfulness as a potential moderator. A random sample of 346 women entrepreneurs operating in Pakistan was analysed using structural equation modelling through AMOS 21. The results revealed a significant direct impact of financial literacy on reducing anchoring and herding bias; however, financial literacy was found to be unrelated to mental accounting bias. The moderation analysis further revealed interesting indirect impacts, such that financial literacy strongly reduced mental accounting and herding bias for financially mindful women. Nonetheless, financial mindfulness does not negatively catalyse the relationship between financial literacy and anchoring bias. By encompassing the concepts of financial literacy, mindfulness and behavioural biases, we offer a unique theoretical strand with practical implications for women entrepreneurs. We suggest new avenues for the longstanding dilemma related to the factors instigating suboptimal financial decision-making in women entrepreneurs in developing markets.<br/>
653 ## - INDEX TERM--UNCONTROLLED
Uncontrolled term Financial literacy,
Uncontrolled term financial mindfulness,
Uncontrolled term herding bias,
Uncontrolled term anchoring bias,
Uncontrolled term mental accounting
700 ## - ADDED ENTRY--PERSONAL NAME
Personal name Bilal, A. R.,
9 (RLIN) 38665
Personal name Ahmad, Z.,
9 (RLIN) 38666
Personal name Latif, S.
9 (RLIN) 38667
773 0# - HOST ITEM ENTRY
Host Biblionumber 50183
Host Itemnumber 82601
Main entry heading Sage Publication
Place, publisher, and date of publication New Delhi Sage Publication
Other item identifier 55513474
Title IIM KOZHIKODE SOCIETY AND MANAGEMENT REVIEW
942 ## - ADDED ENTRY ELEMENTS (KOHA)
Source of classification or shelving scheme Dewey Decimal Classification
Koha item type Journal Article
Holdings
Withdrawn status Lost status Source of classification or shelving scheme Damaged status Not for loan Home library Current library Date acquired Serial Enumeration / chronology Total Checkouts Full call number Barcode Date last seen Price effective from Public note
    Dewey Decimal Classification     Main Library Main Library 27/09/2023 Vol 12, No 1   JOURNAL/MGT/Vol 12, No 1/55513474JA1 55513474JA1 27/09/2023 27/09/2023 Vol 12, No 1 Janiuary-2023

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