Modeling the factors affecting financial health with the help of foundation data theory

Modeling the factors affecting financial health with the help of foundation data theory

Subject Areas : Financial Knowledge of Securities Analysis

سید فخرالدین میرسمیعی ¹ , azar moslemi ² , Ali Laalbar ³ , naser Hajisharifi ⁴

1 - Doctoral student of Accounting Department, Faculty of Humanities, Khomein Branch, Islamic Azad University, Khomein, Iran
2 - Assistant Professor, Department of Accounting, Faculty of Humanities,Khomein Branch, Islamic Azad University, Khomein, Iran (Corresponding Author).
3 - استادیار، گروه حسابداری، واحد اراک، دانشگاه آزاد اسلامی، اراک، ایران
4 - Assistant Professor, Department of Accounting, Faculty of Humanities, Khomein Branch, Islamic Azad University, Khomein, Iran

Received: 2024-02-03 Accepted : 2024-03-12 Published : 2025-03-18

Keywords: health, financial health, foundation data, culture building, self-efficacy,

Abstract :

Considering the importance of people's financial health, the present study modeled the factors affecting financial health with the help of foundation data theory and structural equation method. This research was carried out using foundational data theory and in two qualitative and quantitative phases. The statistical population was formed by professional and academic experts in accounting and finance fields and the sampling method was purposeful, and finally 20 people from the statistical population were interviewed. using the results of semi-structured interviews with experts, and inspired by the theoretical and empirical literature of the subject, codes were identified and categorized into different categories. Based on the results of interviews with experts and according to the resulting indicators and components, a questionnaire was compiled and in the quantitative stage, information was collected using the questionnaire tool. This questionnaire was distributed according to Cochran's formula among 384 employees working in auditing organizations and auditing institutions; Structural equations were used for data analysis and the collected data were analyzed using PLS software. The results showed that the causal factors, i.e. demographic components, personality components and financial socialization, are the most important factors affecting financial health; the core components also include financial knowledge and responsible financial behavior. background factors affecting financial health include self-efficacy and financial factors. The intervening components were also cultural factors and economic components. On the other hand, other results showed that emphasis on education and cultural building are the most important strategies that can be used to influence people's financial health.

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