Murad Ali|Imran Ali|Saeed Badghish|Yasir Ali Soomro
Determinants of Financial Empowerment Among Women in Saudi Arabia
King Abdulaziz University|Northumbria University|King Abdulaziz University|King Abdulaziz University
increasing womens financial empowerment important experience lack control economic resources compared men although plenty research evidence available determinants financial empowerment among women developed countries less known context traditionally maledominated society like saudi arabia current study proposes conceptual model examines role financial literacy financial socialization development financial selfefficacy financial coping behaviors financial empowerment among saudi women using social cognitive theory sct data collected baseline survey sample 1368 women respondents belong different segments society ranging female university students women household women working different sectors saudi arabia employed partial least squares pls path modeling techniques using smartpls test hypotheses proposed study study found significantly positive association financial literacy financial coping behavior financial wellbeing financial socialization also significantly related financial selfefficacy financial empowerment also found positive role financial selfefficacy financial coping behaviors development financial empowerment practical implication study includes provision financial literacy educationtraining saudi women increasing financial socialization improve financial wellbeing