<abstract xmlns="http://www.w3.org/1999/xhtml">

<p>This paper investigates direct and indirect impacts of an individual’s digital engagement on their financial satisfaction considering a significant role of an individual’s financial capability and financial advice. The study is administered on the individual level, surveyed the working youth in northern India. PLS-SEM were employed using SMART-PLS version 3 for a confirmatory analysis and structural model assessment. Digital engagement has been established as a vital factor substantially influencing the individual’s financial advice, financial capability and financial satisfaction both directly and indirectly. The outcome of the study strongly favours the role and importance of digital engagement in the individual’s financial satisfaction. What is more, this paper contributes to the current knowledge by clarifying digital engagement as a possible predictor of financial capability, financial advice and financial satisfaction in the context of a low-income, developing country and applies it as a variable with the selected financial constructs. The originality and novelty of the study may be found useful to design effective policies.</p>
</abstract>

This paper investigates direct and indirect impacts of an individual’s digital engagement on their financial satisfaction considering a significant role of an individual’s financial capability and financial advice. The study is administered on the individual level, surveyed the working youth in northern India. PLS-SEM were employed using SMART-PLS version 3 for a confirmatory analysis and structural model assessment. Digital engagement has been established as a vital factor substantially influencing the individual’s financial advice, financial capability and financial satisfaction both directly and indirectly. The outcome of the study strongly favours the role and importance of digital engagement in the individual’s financial satisfaction. What is more, this paper contributes to the current knowledge by clarifying digital engagement as a possible predictor of financial capability, financial advice and financial satisfaction in the context of a low-income, developing country and applies it as a variable with the selected financial constructs. The originality and novelty of the study may be found useful to design effective policies.

Digital Engagement as a Predictor of Financial Capability, Financial Advice, and Financial Satisfaction

Studies in Business and Economics

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

This paper investigates direct and indirect impacts of an individual’s digital engagement on their financial satisfaction considering a significant role of an...

Digital Engagement as a Predictor of Financial Capability, Financial Advice, and Financial Satisfaction

Published Online: Sep 27, 2021

Page range: 127 - 141

DOI: https://doi.org/10.2478/sbe-2021-0029

Keywords
Digital engagement, financial capability, financial advice, financial satisfaction, developing country, India

© 2021 Khan Khurram Ajaz et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Digital Engagement as a Predictor of Financial Capability, Financial Advice, and Financial Satisfaction

Published Online: Sep 27, 2021

Page range: 127 - 141

DOI: https://doi.org/10.2478/sbe-2021-0029

KeywordsDigital engagement, financial capability, financial advice, financial satisfaction, developing country, India

© 2021 Khan Khurram Ajaz et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Keywords
Digital engagement, financial capability, financial advice, financial satisfaction, developing country, India