Unveiling the Impact of Psychological Traits on Innovative Financial Decision-making in Small Tourism Businesses

<p>Understanding factors affecting innovative financial decision-making involves the usage of more than one theory-driven model including those related to psychological behaviour (e.g. theory of planned behaviour). This study validates a conceptual framework extending the traditional financing...

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Main Author: Navjot Sandhu (14152026) (author)
Other Authors: Hatem El-Gohary (14158941) (author)
Published: 2022
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Summary:<p>Understanding factors affecting innovative financial decision-making involves the usage of more than one theory-driven model including those related to psychological behaviour (e.g. theory of planned behaviour). This study validates a conceptual framework extending the traditional financing model (TFM) and behavioural financial decision (BFD) to explain innovative financial decision-making utilising both qualitative and quantitative approaches. Based on a sample of 140 small tourism businesses, employing structured equation modelling, the findings reinforce the importance of the behavioural approach on innovative financial decision-making in small tourism businesses. The findings does not only make a respectable contribution the field, but also offer a practical evidence for the adaptation of the theory of planned behaviour in developing countries.</p><h2>Other Information</h2> <p> Published in: Journal of the Knowledge Economy<br> License: <a href="https://creativecommons.org/licenses/by/4.0" target="_blank">https://creativecommons.org/licenses/by/4.0</a><br>See article on publisher's website: <a href="http://dx.doi.org/10.1007/s13132-022-00987-y" target="_blank">http://dx.doi.org/10.1007/s13132-022-00987-y</a></p>