Determinants of the inheritance behaviors among FELDA communities in Malaysia: A study using the PLS-SEM approach
This study aims to identify the impact of inheritance literacy, inheritance socialization, inheritance stress, and peer influence on the inheritance behaviors among FELDA communities in Malaysia. Inheritance literacy pertains to individuals’ comprehension of wealth transfer and estate planning, whil...
Published in: | Journal of Infrastructure, Policy and Development |
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Language: | English |
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EnPress Publisher, LLC
2024
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2-s2.0-85199537805 Ganti N.; Kamarudin M.K.; Norzilan N.I.M.; Muhamad N.H.N.; Samat-Darawi A.B.; Ab Rahim N.M.Z.; Abdullah A.H.; Zainan N.I.N.; Rahman N.H.A.-A.; Muhammad M.Z.; Bakar A.A. Determinants of the inheritance behaviors among FELDA communities in Malaysia: A study using the PLS-SEM approach 2024 Journal of Infrastructure, Policy and Development 8 6 10.24294/jipd.v8i6.3983 https://www.scopus.com/inward/record.uri?eid=2-s2.0-85199537805&doi=10.24294%2fjipd.v8i6.3983&partnerID=40&md5=c1931ce739b61c92f8591beaa16c8092 This study aims to identify the impact of inheritance literacy, inheritance socialization, inheritance stress, and peer influence on the inheritance behaviors among FELDA communities in Malaysia. Inheritance literacy pertains to individuals’ comprehension of wealth transfer and estate planning, while peer influencer evaluates friends’ impact on inheritance attitudes; inheritance socialization explores family interactions’ role in shaping inheritance attitudes, and inheritance stress measures emotional strain in inheritance matters, with inheritance behaviors encompassing asset management and wealth transfer decisions for future generations by individuals and families. Understanding inheritance behaviors is crucial, as it helps individuals depict their inheritance knowledge and attitudes toward FELDA inheritance better, fostering a more favorable inheritance attitude. Through self-administered survey questionnaires, data related to FELDA communities are obtained using convenience sampling from 413 respondents. This study applies Partial Least Squares Structural Equation Modeling (PLS-SEM) technique to test the research hypotheses. The present study’s outcome confirms that two determinants, which are inheritance literacy and inheritance socialization significantly influence the inheritance behavior of FELDA communities. However, inheritance stress and peer influence determinants have statistically insignificant influence inheritance behavior. This study’s theoretical framework enriches the discussions on wealth management and financial behavior by refining and expanding upon existing financial behavior theories to incorporate inheritance-specific behaviors. The present study is exclusive in its effort to ascertain the relative importance of both inheritance behavior and the FELDA communities. This paper will assist the government, inheritance service providers, and policymakers in offering innovative economic schemes and designing policies that may enhance the inheritance behavior wellbeing of FELDA communities. This article also provides a roadmap to guide future research in this area. © 2024 by author(s). EnPress Publisher, LLC 25727923 English Article All Open Access; Gold Open Access |
author |
Ganti N.; Kamarudin M.K.; Norzilan N.I.M.; Muhamad N.H.N.; Samat-Darawi A.B.; Ab Rahim N.M.Z.; Abdullah A.H.; Zainan N.I.N.; Rahman N.H.A.-A.; Muhammad M.Z.; Bakar A.A. |
spellingShingle |
Ganti N.; Kamarudin M.K.; Norzilan N.I.M.; Muhamad N.H.N.; Samat-Darawi A.B.; Ab Rahim N.M.Z.; Abdullah A.H.; Zainan N.I.N.; Rahman N.H.A.-A.; Muhammad M.Z.; Bakar A.A. Determinants of the inheritance behaviors among FELDA communities in Malaysia: A study using the PLS-SEM approach |
author_facet |
Ganti N.; Kamarudin M.K.; Norzilan N.I.M.; Muhamad N.H.N.; Samat-Darawi A.B.; Ab Rahim N.M.Z.; Abdullah A.H.; Zainan N.I.N.; Rahman N.H.A.-A.; Muhammad M.Z.; Bakar A.A. |
author_sort |
Ganti N.; Kamarudin M.K.; Norzilan N.I.M.; Muhamad N.H.N.; Samat-Darawi A.B.; Ab Rahim N.M.Z.; Abdullah A.H.; Zainan N.I.N.; Rahman N.H.A.-A.; Muhammad M.Z.; Bakar A.A. |
title |
Determinants of the inheritance behaviors among FELDA communities in Malaysia: A study using the PLS-SEM approach |
title_short |
Determinants of the inheritance behaviors among FELDA communities in Malaysia: A study using the PLS-SEM approach |
title_full |
Determinants of the inheritance behaviors among FELDA communities in Malaysia: A study using the PLS-SEM approach |
title_fullStr |
Determinants of the inheritance behaviors among FELDA communities in Malaysia: A study using the PLS-SEM approach |
title_full_unstemmed |
Determinants of the inheritance behaviors among FELDA communities in Malaysia: A study using the PLS-SEM approach |
title_sort |
Determinants of the inheritance behaviors among FELDA communities in Malaysia: A study using the PLS-SEM approach |
publishDate |
2024 |
container_title |
Journal of Infrastructure, Policy and Development |
container_volume |
8 |
container_issue |
6 |
doi_str_mv |
10.24294/jipd.v8i6.3983 |
url |
https://www.scopus.com/inward/record.uri?eid=2-s2.0-85199537805&doi=10.24294%2fjipd.v8i6.3983&partnerID=40&md5=c1931ce739b61c92f8591beaa16c8092 |
description |
This study aims to identify the impact of inheritance literacy, inheritance socialization, inheritance stress, and peer influence on the inheritance behaviors among FELDA communities in Malaysia. Inheritance literacy pertains to individuals’ comprehension of wealth transfer and estate planning, while peer influencer evaluates friends’ impact on inheritance attitudes; inheritance socialization explores family interactions’ role in shaping inheritance attitudes, and inheritance stress measures emotional strain in inheritance matters, with inheritance behaviors encompassing asset management and wealth transfer decisions for future generations by individuals and families. Understanding inheritance behaviors is crucial, as it helps individuals depict their inheritance knowledge and attitudes toward FELDA inheritance better, fostering a more favorable inheritance attitude. Through self-administered survey questionnaires, data related to FELDA communities are obtained using convenience sampling from 413 respondents. This study applies Partial Least Squares Structural Equation Modeling (PLS-SEM) technique to test the research hypotheses. The present study’s outcome confirms that two determinants, which are inheritance literacy and inheritance socialization significantly influence the inheritance behavior of FELDA communities. However, inheritance stress and peer influence determinants have statistically insignificant influence inheritance behavior. This study’s theoretical framework enriches the discussions on wealth management and financial behavior by refining and expanding upon existing financial behavior theories to incorporate inheritance-specific behaviors. The present study is exclusive in its effort to ascertain the relative importance of both inheritance behavior and the FELDA communities. This paper will assist the government, inheritance service providers, and policymakers in offering innovative economic schemes and designing policies that may enhance the inheritance behavior wellbeing of FELDA communities. This article also provides a roadmap to guide future research in this area. © 2024 by author(s). |
publisher |
EnPress Publisher, LLC |
issn |
25727923 |
language |
English |
format |
Article |
accesstype |
All Open Access; Gold Open Access |
record_format |
scopus |
collection |
Scopus |
_version_ |
1809678474773790720 |