The transformative role of firm information transparency in triggering retail investor’s perceived financial well-being
Purpose: Based on transformative service research (TSR), the study explores the mechanisms by which a firm’s information transparency influences a retail investor’s perceived financial wellbeing. It proposes a model exploring the mediating roles of the investor's financial risk tolerance and se...
محفوظ في:
| المؤلف الرئيسي: | |
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| مؤلفون آخرون: | , |
| التنسيق: | article |
| منشور في: |
2021
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| الوصول للمادة أونلاين: | http://hdl.handle.net/10725/12720 https://doi.org/10.1108/IJBM-02-2021-0068 http://libraries.lau.edu.lb/research/laur/terms-of-use/articles.php https://www.emerald.com/insight/content/doi/10.1108/IJBM-02-2021-0068/full/html |
| الوسوم: |
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| _version_ | 1864513490125848576 |
|---|---|
| author | Naveed, Muhammad |
| author2 | Farah, Maya F. Hasni, Muhammad Junaid Shahid |
| author2_role | author author |
| author_facet | Naveed, Muhammad Farah, Maya F. Hasni, Muhammad Junaid Shahid |
| author_role | author |
| dc.creator.none.fl_str_mv | Naveed, Muhammad Farah, Maya F. Hasni, Muhammad Junaid Shahid |
| dc.date.none.fl_str_mv | 2021-04-20T12:39:00Z 2021-04-20T12:39:00Z 2021-04-20 |
| dc.identifier.none.fl_str_mv | 0265-2323 http://hdl.handle.net/10725/12720 https://doi.org/10.1108/IJBM-02-2021-0068 Farah, M.F., Naveed, M., Hasni, M. J. S. The transformative role of firm information transparency in triggering retail investors’ perceived financial well-being. International Journal of Bank Marketing, 39(7), 1091-1113. http://libraries.lau.edu.lb/research/laur/terms-of-use/articles.php https://www.emerald.com/insight/content/doi/10.1108/IJBM-02-2021-0068/full/html |
| dc.language.none.fl_str_mv | en |
| dc.relation.none.fl_str_mv | International Journal of Bank Marketing |
| dc.rights.*.fl_str_mv | info:eu-repo/semantics/openAccess |
| dc.title.none.fl_str_mv | The transformative role of firm information transparency in triggering retail investor’s perceived financial well-being |
| dc.type.none.fl_str_mv | Article info:eu-repo/semantics/publishedVersion info:eu-repo/semantics/article |
| description | Purpose: Based on transformative service research (TSR), the study explores the mechanisms by which a firm’s information transparency influences a retail investor’s perceived financial wellbeing. It proposes a model exploring the mediating roles of the investor's financial risk tolerance and self-efficacy in the relationship between a firm’s information transparency and the consumer’s perceived financial well-being. Design/Methodology/Approach: A survey was conducted by including a sample of 310 retail investors from Pakistan Stock Exchange (PSX) to test the proposed hypotheses. Data analysis was based on a series of multiple regressions, moderation and serial mediation analyses. Findings: The findings show that a firm’s information transparency harnesses investors’ perceived financial well-being. Information transparency also positively affects investors’ risk tolerance toward the firm and their financial self-efficacy while dealing with financial challenges. Limitations/Implications: The findings call for a deeper understanding of financial services’ interventions, and their underlying mechanisms to improve consumer financial well-being. On a methodological level, future studies could apply a mixed-method approach and SEM to explore new avenues for predicting investors’ financial well-being. Practical Implications: Besides validating TSR, the study have several implications for listed firms to adopt more transparent information reporting practices to improve investors’ perceived financial well-being. Accordingly, regulators should take initiatives to compel firms to comply with higher standards of information transparency. Originality/Value: The proposed model explores a concrete mechanism that helps listed firms to strengthen investors’ perceived financial well-being via information transparency. |
| eu_rights_str_mv | openAccess |
| format | article |
| id | LAURepo_119560f33b1d4b3dd5a8e4f65c05b3aa |
| identifier_str_mv | 0265-2323 Farah, M.F., Naveed, M., Hasni, M. J. S. The transformative role of firm information transparency in triggering retail investors’ perceived financial well-being. International Journal of Bank Marketing, 39(7), 1091-1113. |
| language_invalid_str_mv | en |
| network_acronym_str | LAURepo |
| network_name_str | Lebanese American University repository |
| oai_identifier_str | oai:laur.lau.edu.lb:10725/12720 |
| publishDate | 2021 |
| repository.mail.fl_str_mv | |
| repository.name.fl_str_mv | |
| repository_id_str | |
| spelling | The transformative role of firm information transparency in triggering retail investor’s perceived financial well-beingNaveed, MuhammadFarah, Maya F.Hasni, Muhammad Junaid ShahidPurpose: Based on transformative service research (TSR), the study explores the mechanisms by which a firm’s information transparency influences a retail investor’s perceived financial wellbeing. It proposes a model exploring the mediating roles of the investor's financial risk tolerance and self-efficacy in the relationship between a firm’s information transparency and the consumer’s perceived financial well-being. Design/Methodology/Approach: A survey was conducted by including a sample of 310 retail investors from Pakistan Stock Exchange (PSX) to test the proposed hypotheses. Data analysis was based on a series of multiple regressions, moderation and serial mediation analyses. Findings: The findings show that a firm’s information transparency harnesses investors’ perceived financial well-being. Information transparency also positively affects investors’ risk tolerance toward the firm and their financial self-efficacy while dealing with financial challenges. Limitations/Implications: The findings call for a deeper understanding of financial services’ interventions, and their underlying mechanisms to improve consumer financial well-being. On a methodological level, future studies could apply a mixed-method approach and SEM to explore new avenues for predicting investors’ financial well-being. Practical Implications: Besides validating TSR, the study have several implications for listed firms to adopt more transparent information reporting practices to improve investors’ perceived financial well-being. Accordingly, regulators should take initiatives to compel firms to comply with higher standards of information transparency. Originality/Value: The proposed model explores a concrete mechanism that helps listed firms to strengthen investors’ perceived financial well-being via information transparency.Published2021-04-20T12:39:00Z2021-04-20T12:39:00Z2021-04-20Articleinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/article0265-2323http://hdl.handle.net/10725/12720https://doi.org/10.1108/IJBM-02-2021-0068Farah, M.F., Naveed, M., Hasni, M. J. S. The transformative role of firm information transparency in triggering retail investors’ perceived financial well-being. International Journal of Bank Marketing, 39(7), 1091-1113.http://libraries.lau.edu.lb/research/laur/terms-of-use/articles.phphttps://www.emerald.com/insight/content/doi/10.1108/IJBM-02-2021-0068/full/htmlenInternational Journal of Bank Marketinginfo:eu-repo/semantics/openAccessoai:laur.lau.edu.lb:10725/127202022-01-18T14:27:23Z |
| spellingShingle | The transformative role of firm information transparency in triggering retail investor’s perceived financial well-being Naveed, Muhammad |
| status_str | publishedVersion |
| title | The transformative role of firm information transparency in triggering retail investor’s perceived financial well-being |
| title_full | The transformative role of firm information transparency in triggering retail investor’s perceived financial well-being |
| title_fullStr | The transformative role of firm information transparency in triggering retail investor’s perceived financial well-being |
| title_full_unstemmed | The transformative role of firm information transparency in triggering retail investor’s perceived financial well-being |
| title_short | The transformative role of firm information transparency in triggering retail investor’s perceived financial well-being |
| title_sort | The transformative role of firm information transparency in triggering retail investor’s perceived financial well-being |
| url | http://hdl.handle.net/10725/12720 https://doi.org/10.1108/IJBM-02-2021-0068 http://libraries.lau.edu.lb/research/laur/terms-of-use/articles.php https://www.emerald.com/insight/content/doi/10.1108/IJBM-02-2021-0068/full/html |