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

Sandhu, Navjot and El-Gohary, Hatem (2022) Unveiling the Impact of Psychological Traits on Innovative Financial Decision-Making in Small Tourism Businesses. Journal of Knowledge Economy. ISSN 1868-7865

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Abstract

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.

Item Type: Article
Identification Number: https://doi.org/10.1007/s13132-022-00987-y
Dates:
DateEvent
3 February 2022Accepted
27 February 2022Published Online
Uncontrolled Keywords: Innovative Financial Decision-Making, Entrepreneurs, Financing Preferences, Personal Finance, SMEs, India, Tourism Firms, Theory of Planned Behaviour, Family Firms
Subjects: CAH04 - psychology > CAH04-01 - psychology > CAH04-01-05 - others in psychology
CAH17 - business and management > CAH17-01 - business and management > CAH17-01-06 - tourism, transport and travel
CAH17 - business and management > CAH17-01 - business and management > CAH17-01-07 - finance
CAH17 - business and management > CAH17-01 - business and management > CAH17-01-09 - others in business and management
Divisions: Faculty of Business, Law and Social Sciences > Birmingham City Business School > Department of Accounting, Finance and Economics
Depositing User: Navjot Sandhu
Date Deposited: 03 Feb 2022 10:43
Last Modified: 28 Feb 2022 16:02
URI: http://www.open-access.bcu.ac.uk/id/eprint/12747

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