Saudi Journal of Business and Management Studies (SJBMS)
Volume-1 | Issue-01 | 26-31
Original Research Article
Measuring the Impact of POWER! Programme
Mohamad Fazli Sabri, Siti Farra Zillah Abdullah
Published : April 29, 2016
Abstract
Despite the vast research in financial literacy and financial education, little is known about the effectiveness of
the education programme that was conducted to increase the financial literacy among Malaysian. The high number of
bankruptcy as the highest bankruptcy case was related to hire purchase loans and personal loans are among the crucial
financial issues in Malaysia. Hence, this study was conducted to investigate the financial literacy, attitude and practices
of those who attended POWER! programme and not attended. Data were obtained through on-line survey (n=677) and
during Minggu Amanah Saham Malaysia. The findings include that after 6 months attended POWER! programme the
participants have a higher financial knowledge. In addition, those who attended POWER! programme had positive
attitude towards financial matters although mix result was observed. On the other hand, the control group have better in
basic financial behaviour. Consequently, interview should be conducted to gain more understanding on the impact of
POWER! programme, a detailed module on specific personal finance need to be developed and further study on financial
attitude and behaviour is needed.