Bankruptcy Risk Among Generation Y in Klang Valley


Chong, Li Syan and Mohd Rom, Noor Ashikin and Md Hassan, Nurbani (2020) Bankruptcy Risk Among Generation Y in Klang Valley. International Journal of Advanced Research in Education and Society, 2 (3). pp. 32-40. ISSN 2682-8138

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: Bankruptcies among the young generation have huge impact on the country growth and economy, as they are country future talent in stimulating the economy of the country. The purpose of this paper is to investigate the factors that influencing bankruptcy risk among Generation Y in Klang Valley, Malaysia. The independent variables for this study included spending behaviour, credit card usage and financial commitment. This is a quantitative study using probability sampling method and 209 respondents have given their feedbacks via online form. The findings revealed that that there was relationship between spending behaviour, credit card usage and financial commitment with bankruptcy risk. The factors studied in this paper are highly related to the respondent's personal perception and their own point of view. This research ignores external issues such as economics condition or political issue. The results could be used as a guide for the government, financial institutions and public on the major factors that contribute towards bankruptcy risk among Generation Y. Hence, financial literacy among citizen especially young generation is highly desirable to curb the bankruptcy problem before it becoming a disease.

Item Type: Article
Uncontrolled Keywords: Generation Y, bankruptcy risk, spending behaviour, credit card usage, financial commitment
Subjects: H Social Sciences > HG Finance > HG3691-3769 Credit. Debt. Loans. Including credit institutions, credit instruments, consumer credit, bankruptcy
Divisions: Faculty of Management (FOM)
Depositing User: Ms Rosnani Abd Wahab
Date Deposited: 10 Sep 2021 15:07
Last Modified: 10 Sep 2021 15:07


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