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This study investigates the influence of social comparison orientation (SCO) on financial management behavior (FMB) in a collectivist culture, specifically in Bangladesh. It finds that SCO positively affects FMB, with financial self-efficacy mediating this relationship and financial socialization moderating it. The research highlights the importance of enhancing financial self-efficacy and promoting financial socialization to improve financial behaviors in developing countries.
- Author
- k63.2415115001
- Language
- EN