ORCID Profile
0000-0002-5690-7141
Current Organisations
Edith Cowan University
,
Western Australian College of Advanced Education
,
University of Western Australia
,
James Cook University
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In Research Link Australia (RLA), "Research Topics" refer to ANZSRC FOR and SEO codes. These topics are either sourced from ANZSRC FOR and SEO codes listed in researchers' related grants or generated by a large language model (LLM) based on their publications.
Industrial and Organisational Psychology | Other Education | Financial Economics | Psychology | Learning, Memory, Cognition And Language | Banking, Finance and Investment | Banking, Finance And Investment Not Elsewhere Classified
Education and training not elsewhere classified | Economic issues not elsewhere classified | Behavioural and cognitive sciences | Workforce Transition and Employment | Health Related to Ageing | Superannuation and Insurance Services |
Publisher: Wiley
Date: 09-2001
Publisher: Cambridge University Press (CUP)
Date: 07-06-2013
DOI: 10.1017/S1474747213000061
Abstract: We report analysis of voluntary switching from defined benefit (DB) to defined contribution (DC) plans in an environment best characterised as benign. Using a large Australian fund database we identify socio-demographic correlates and the macroeconomic circumstances associated with DB to DC switching. The age of participants is an important correlate of switching behaviour, suggesting a degree of risk tolerance previously not recognised in the literature. It is also noted, however, that this type of switching behaviour may involve secondary behaviour such that uncertainties of DC investment performance are managed by reference to an asset allocation formula that maps to the previous DB investment strategy.
Publisher: Informa UK Limited
Date: 03-06-2015
Publisher: Wiley
Date: 23-08-2016
DOI: 10.1111/JOCA.12120
Publisher: Wiley
Date: 11-2004
Publisher: No publisher found
Date: 2016
DOI: 10.1037/T54371-000
Publisher: Springer Science and Business Media LLC
Date: 14-09-2013
Publisher: Springer Science and Business Media LLC
Date: 20-03-2014
Publisher: Wiley
Date: 06-2009
Publisher: Center for Open Science
Date: 10-02-2021
Abstract: Research has found that value-behavior relations are usually weak to moderate. But is this really the case? This paper proposes that the relations of personal values to behavior are stronger at higher levels of value importance and weaker at lower levels. In a large, heterogeneous s le, we tested this proposition by estimating quantile correlations between values and self-reported everyday behavior at different locations along the distribution of value importance. We found the proposed pattern both for self-reports of everyday behaviors chosen intentionally to be value-expressive and everyday behaviors subject to strong situational constraints (e.g., spending allocation to clothing and footwear). Our findings suggest that value-behavior relations may be stronger than previously recognized, depending on value importance. People who attribute high importance to a value will not only engage in value-expressive behaviors more frequently, but as we move up the value importance distribution, the relations strengthen. In contrast, people who attribute low importance to a value not only engage in value-expressive behaviors less frequently, but as we move down the value importance distribution, the relations weaken. These findings provide important insight into the nature of values.
Publisher: Oxford University Press (OUP)
Date: 10-08-2015
Publisher: Springer Science and Business Media LLC
Date: 17-10-2013
DOI: 10.3758/S13421-013-0367-9
Abstract: We used a mathematical modeling approach, based on a s le of 2,019 participants, to better understand what the cognitive reflection test (CRT Frederick In Journal of Economic Perspectives, 19, 25-42, 2005) measures. This test, which is typically completed in less than 10 min, contains three problems and aims to measure the ability or disposition to resist reporting the response that first comes to mind. However, since the test contains three mathematically based problems, it is possible that the test only measures mathematical abilities, and not cognitive reflection. We found that the models that included an inhibition parameter (i.e., the probability of inhibiting an intuitive response), as well as a mathematical parameter (i.e., the probability of using an adequate mathematical procedure), fitted the data better than a model that only included a mathematical parameter. We also found that the inhibition parameter in males is best explained by both rational thinking ability and the disposition toward actively open-minded thinking, whereas in females this parameter was better explained by rational thinking only. With these findings, this study contributes to the understanding of the processes involved in solving the CRT, and will be particularly useful for researchers who are considering using this test in their research.
Publisher: SAGE Publications
Date: 28-07-2014
Abstract: We analyse the investment performance of a large s le of in iduals investing in discretionary superannuation products offered by a large Australian financial institution. We do not find gender differences as has previously been reported but we do find evidence of a negative relationship between investor age and performance. Those residing in wealthier postcodes perform better. In terms of investment characteristics, wholesale investors perform better whereas those who are the most active perform worse.
Publisher: Wiley
Date: 06-2004
Publisher: Emerald
Date: 13-07-2012
DOI: 10.1108/13217341211242187
Abstract: Under its “Members Investment Scheme” strategic initiative, the Malaysian Employees Provident Fund (EPF) permits its members to invest part of their retirement savings in approved external funds. Given there is an increasing number of unit trust funds available in the market, it is not an easy task for members to make this investment choice decision. The purpose of this paper is to explore the perceived importance of fund selection criteria within the context of retirement savings in Malaysia. In addition, it also seeks to examine whether there is a relationship between religious affiliation and choice of fund. A questionnaire‐survey was carried out among 440 in idual EPF members. The survey results show that the ranking of mutual fund selection criteria differs between Muslim and non‐Muslim members. Past performance was the most important criterion valued by the non‐Muslim EPF members. In line with conforming to religious belief, the fund's commitment to Islamic principles was the most important criterion considered by Muslim EPF members. Both type of religious group members also considered the overall reputation of the fund as important criterion in selecting a mutual fund. The paper is subject to the normal limitations associated with survey research. The findings of this study can help fund management companies to better promote their funds to the right investors. The paper provides empirical evidence regarding mutual fund selection criteria from the perspectives of in idual investors.
Publisher: Wiley
Date: 24-05-2010
Publisher: Elsevier BV
Date: 02-2018
Publisher: Cambridge University Press (CUP)
Date: 04-2023
DOI: 10.1017/FLW.2023.6
Abstract: The “Fear of Missing Out” or FoMO has become an accepted motivator of behaviours extending from the purchase of limited-edition sneaker brands to social media use and cryptocurrency investment. As a motivator of in idual financial behaviours, such as cryptocurrency and stock investment, it is unclear how FoMO relates to consumer financial literacy and other consumer traits, including risk tolerance and personality. We propose, and assess, a model of reported investment behaviour and investment behaviour intention. We find a larger association between FoMO and crypto ownership, both current and intended, compared with stocks. FoMO has a small association with current stock ownership, relative to the association of financial literacy and risk tolerance. Context matters when measuring FoMO with the more context-specific measures having the largest associations with investment behaviour and investment intentions. Finally, our results suggest financial literacy is an antecedent of FoMO, more so for stocks.
Publisher: Wiley
Date: 08-11-2016
DOI: 10.1111/ACFI.12247
Publisher: Informa UK Limited
Date: 27-05-2015
Publisher: SAGE Publications
Date: 12-11-2010
DOI: 10.2190/AG.71.4.A
Abstract: Consistent with the global trend to shift responsibility for retirement income provision from the public purse to in iduals has been encouragement to save more and to manage investment strategy. Analyzing data from 2,300 respondents to a randomly distributed questionnaire, this article focuses on the motivational importance of social norms. The study finds injunctive social norms (what is commonly approved or disapproved of) exert greater influence than descriptive social norms (what is commonly done) in predicting retirement savings intentions. Modeling employs the theory of planned behavior, and also finds injunctive social norm has predictive primacy over attitude and perceived behavioral control. Discussion advocates a balanced approach to intervention design, and identifies opportunities for the further study of normative message framing.
Publisher: Wiley
Date: 22-08-2022
DOI: 10.1111/ACFI.12835
Abstract: We investigate the relationships between financial literacy, financial judgment, and cognitive ability at older ages. We find people who actively manage their own retirement savings portfolios display greater levels of financial literacy and judgment than those who do not. We identify the different cognitive processes underlying financial judgment and decision‐making tasks versus those underlying learned concepts such as basic financial literacy. Although these decline at different rates the latter may potentially compensate for, and mask declines, in the former. We find an overall low propensity to seek financial advice which has no significant relationship with cognitive functioning. Our findings underscore the importance of monitoring cognitive ability in older ages.
Publisher: Informa UK Limited
Date: 28-03-2019
Publisher: SAGE Publications
Date: 21-07-2022
DOI: 10.1177/03128962211032448
Abstract: Buy-now-pay-later (BNPL) arrangements have rapidly emerged as a short-term debt option, and like other innovative and disruptive Fintech, challenge existing regulation. BNPL arrangements avoided prescribed ‘responsible lending’ legislative obligations, which applied to similar short-term credit products. Instead, BNPL relies on ‘responsible spending’ in providing a potentially cheaper option than alternatives such as credit cards. We describe the interplay of regulation and responsibility with BNPL. A survey investigates whether a key demographic (young adults) have an appetite or skill for responsible use. We analyse the preference for BNPL relative to credit cards and the role of financial literacy and traits including propensity to plan and save. The findings suggest that financial literacy reduces perceived BNPL benefits and that lower financial literacy is associated with more benefits and less risks. JEL Classification: G53, D14, G51, G41, G18
Publisher: Informa UK Limited
Date: 06-2012
Publisher: Springer Science and Business Media LLC
Date: 09-12-2009
Publisher: SAGE Publications
Date: 06-2004
DOI: 10.1177/031289620402900111
Abstract: This paper examines the use and understanding of managed fund ratings in Australia. A survey of in idual retail investors suggests information source and selection criteria constructs are more useful in explaining the role of ratings than an approach based solely on expectations of return and risk. There does not appear to be discrimination in the use of rating providers by investors. Reliance on a particular rating is not significantly related to what investors consider the purpose of the rating to be, or the importance they place on rating inputs. Competing rating providers have more explaining to do.
Publisher: Elsevier BV
Date: 11-2014
Publisher: Wiley
Date: 03-2006
Publisher: SAGE Publications
Date: 02-08-2012
Abstract: This paper examines the retirement savings investment choices of Australian workers over a three-year period, including the global financial crisis (GFC), based on a large s le of members drawn from five superannuation funds. The overwhelming majority of members did not change their investment strategy in response to the GFC. Between October 2006 and March 2009 less than seven per cent of members did so. The likelihood of making a change increased with member balance and contributions levels. During the GFC period women with large balances were more likely to make a change, a result which contrasts with the bulk of prior evidence suggesting males as the more active. The level of change activity did increase during the GFC peaking in October 2008, the month with the largest market downturn, and March 2009, when the market reached its low point. The implications for both members and funds of the observed investment choice behaviour are discussed.
Publisher: Informa UK Limited
Date: 02-11-2018
Publisher: Informa UK Limited
Date: 06-2015
DOI: 10.1111/AJPY.12070
Publisher: Wiley
Date: 12-10-2006
Publisher: SAGE Publications
Date: 08-2015
Abstract: We investigate relationships between retirement self-efficacy, financial literacy and financial judgement across a s le of older trustees of self-managed superannuation funds (SMSFs). Aside from demographic factors, we explore self-rated dementia behaviours, general mental ability, mastery and risk tolerance. An increasing number of older people are controlling significant assets, particularly those who elect to become self-managed superannuation fund trustees. The ageing population, including self-managed superannuation fund trustees, is susceptible to cognitive decline with advancing age. We find that cognitive ability and self-rated behavioural dementia symptoms both relate to financial literacy. Variance in retirement self-efficacy was explained by age, cognitive ability, financial literacy, mastery and self-rated behavioural dementia symptoms. Those reporting dementia symptoms appear more vulnerable to making poor financial judgements. Findings have important implications for financial literacy interventions and the monitoring of on-going cognitive decline.
Publisher: Wiley
Date: 07-11-2013
DOI: 10.1111/ACFI.12053
Publisher: Wiley
Date: 28-08-2018
DOI: 10.1111/ACFI.12397
Publisher: Cambridge University Press (CUP)
Date: 07-2004
DOI: 10.1017/S1474747204001477
Abstract: As members of the Australian workforce approach retirement, they are being presented with increased choice in their superannuation investments. With increased choice has come greater personal responsibility for ensuring adequate retirement savings. This paper explores gender differences in superannuation investment choices through a range of interactions with in idual demographics and in doing so a gender effect can be further refined than previous research has identified. The data for this paper comes from a survey of members of the Superannuation Scheme for Australian Universities (SSAU).
Publisher: No publisher found
Date: 2001
Publisher: Elsevier BV
Date: 12-2010
Publisher: Wiley
Date: 03-2006
Start Date: 07-2020
End Date: 10-2023
Amount: $325,258.00
Funder: Australian Research Council
View Funded ActivityStart Date: 09-2009
End Date: 03-2013
Amount: $110,000.00
Funder: Australian Research Council
View Funded Activity