Have a personal or library account? Click to login
Identification of key enablers and assesment of the inter-relationship of household financial resilience in southwest Asian nations Cover

Identification of key enablers and assesment of the inter-relationship of household financial resilience in southwest Asian nations

Open Access
|Jun 2025

References

  1. Abbott-Chapman, J., Denholm, C. & Wyld, C. (2008). Social support as a factor inhibiting teenage risk-taking: Views of students, parents and professionals. Journal of Youth Studies, 11(6), 611-627, https://dx.doi.org/10.1080/13676260802191938.
  2. Adekola, J. & Clelland, D. (2020). Two sides of the same coin: Business resilience and community resilience. Journal of Contingencies and Crisis Management, 28(1), 50-60, https://dx.doi.org/10.1111/1468-5973.12275.
  3. Ali, Z., Gongbing, B. & Mehreen, A. (2018). Does supply chain finance improve SMEs performance? The moderating role of trade digitization. Business Process Management Journal, 26(1), 150-167, https://dx.doi.org/10.1108/BPMJ-05-2018-0133.
  4. Bakhshi, P., Agrawal, R., Mendon, S., Birau, R. & Bărbăcioru, I. C. (2023). Framework of SDG leadership among SMEs in South Asian nations-using Interpretive Structural Modelling. Cogent Business & Management, 10(3), 1-25, https://dx.doi.org/10.1080/23311975.2023.2253607.
  5. Agrawal R. & Yadav M. (2024). Enablers for Usage of the Mobile Wallet by MSMEs in Rural India: Using The Interpretive Structural Modelling Approach. Financial Internet Quarterly, 2(2), 26-41, https://doi.org/10.2478/fiqf-2024-0010.
  6. Bakhshi, P., Agrawal, R., Mendon, S., Frank, D., Spulbar, C., Birau, R. & Filip, R.D. (2024). Barriers in adoption of FinTech by street vendors and hawkers in India using interpretive structural modeling. Business: Theory and Practice, 25(1), 231-240, https://dx.doi.org/10.3846/btp.2024.19208.
  7. Belayeth Hussain, A.H.M., Endut, N., Das, S., Chowdhury, M.T.A., Haque, N., Sultana, S. & Ahmed, K.J. (2019). Does financial inclusion increase financial resilience? Evidence from Bangladesh. Development in Practice, 29(6), 798-807, https://dx.doi.org/10.1108/BPMJ-05-2018-0133.
  8. Bialowolski, P., Cwynar, A. & Weziak-Bialowolska, D. (2022). The role of financial literacy for financial resilience in middle-age and older adulthood. International Journal of Bank Marketing, 40(7), 1718-1748, https://doi.org/10.1108/IJBM-10-2021-0453.
  9. Bottazzi, L. & Oggero, N. (2023). Financial Literacy and Financial Resilience: Evidence from Italy. Journal of Financial Literacy and Wellbeing, 1(2), 199-224, https://dx.doi.org/10.1017/flw.2023.10.
  10. Brune, L., Giné, X., Goldberg, J. & Yang, D. (2016). Facilitating savings for agriculture: Field experimental evidence from Malawi. Economic Development and Cultural Change, 64(2), 187-220, https://dx.doi.org/10.1016/j.jdeveco.2024.103444.
  11. Chatter, N. & Makhtari, M. (2023). Resilience in Times of Crisis: Roles and Impacts of Financial Literacy. In: Handbook of Research on Entrepreneurship and Organizational Resilience During Unprecedented Times (pp. 552-585). IGI Global, Pennsylvania, https://dx.doi.org/10.4018/978-1-6684-4605-8.ch025.
  12. Chitimira, H. & Warikandwa, T.V. (2023). Financial inclusion as an enabler of United Nations sustainable development goals in the twenty-first century: An introduction. In Financial inclusion and digital transformation regulatory practices in selected SADC countries: South Africa, Namibia, Botswana and Zimbabwe (pp. 1-22). Springer International Publishing, Cham, https://dx.doi.org/10.1007/978-3-031-23863-5_1.
  13. Clark, A.A., Davies, S., Owen, R. & Williams, K. (2024). Beyond individual responsibility–towards a relational understanding of financial resilience through participatory research and design. Journal of Social Policy (2024), 1-18, https://dx.doi.org/10.1017/S0047279423000685.
  14. Clark, R.L. & Mitchell, O.S. (2022). Americans’ financial resilience during the pandemic. Financial Planning Review, 5(2), 1-15, https://dx.doi.org/10.1002/cfp2.1140.
  15. Cnaan, R.A., Moodithaya, M.S. & Handy, F. (2012). Financial inclusion: lessons from rural South India. Journal of Social Policy, 41(1), 183-205, https://dx.doi.org/10.1017/S0047279411000377.
  16. Coaffee, J. (2013). Towards next-generation urban resilience in planning practice: From securitization to integrated place making. Planning Practice & Research, 28(3), 323-339, https://dx.doi.org/10.1080/02697459.2013.787693.
  17. Cole, S., Giné, X. & Vickery, J. (2017). How does risk management influence production decisions? Evidence from a field experiment. The Review of Financial Studies, 30(6), 1935-1970, https://dx.doi.org/10.1093/rfs/hhw080.
  18. Daud, S.N.M., Osman, Z., Samsudin, S. & Phang, G. (2024). Adapting to the gig economy: Determinants of financial resilience among “Giggers”. Economic Analysis and Policy, 81, 756-771, https://dx.doi.org/10.1016/j.eap.2024.01.002.
  19. Dupas, P., Keats, A. & Robinson, J. (2019). The effect of savings accounts on interpersonal financial relationships: Evidence from a field experiment in rural Kenya. The Economic Journal, 129(617), 273-310, https://dx.doi.org/10.1111/ecoj.12553.
  20. El-Zoghbi, M., Chehade, N., El-Zoghbi, M., McConaghy, P. & Soursourian, M. (2017). The role of financial services in humanitarian crises. World Bank, Washington.
  21. Erdem, D. & Rojahn, J. (2022). The influence of financial literacy on financial resilience. New evidence from Europe during the COVID-19 crisis. Managerial Finance, 48(10), 1453-1471, https://dx.doi.org/10.1108/MF-09-2021-0442.
  22. Hamid, F.S., Loke, Y.J. & Chin, P.N. (2023). Determinants of financial resilience: insights from an emerging economy. Journal of Social and Economic Development, 25(2), 479-499, https://dx.doi.org/10.1007/s40847-023-00239-y.
  23. Hassan, N.M., Kassim, E.S. & Ma’on, S.N. (2018). Factors influencing individual financial resilience in facing economic crisis: Does financial literacy really help. International Journal of Academic Research in Business and Social Sciences, 8(11), 1613-1623.
  24. Jack, W. & Suri, T. (2014). Risk sharing and transactions costs: Evidence from Kenya’s mobile money revolution. American Economic Review, 104(1), 183-223, https://doi.org/10.1007/s40847-023-00239-y.
  25. Kakde, H.S., Lad, K. & Kalani, R. (2024). Fostering Financial Resilience: A Pathway Through Financial Wellness. Educational Administration: Theory and Practice, 30(5), 5777-5783.
  26. Kass-Hanna, J., Lyons, A.C. & Liu, F. (2020). Building financial resilience through financial and digital literacy in South Asia and Sub-Saharan Africa. Emerging Markets Review, 51, 1-28, https://dx.doi.org/10.1016/j.ememar.2021.100846.
  27. Kaur, G., Singh, M. & Gupta, S. (2023). Analysis of key factors influencing individual financial well-being using ISM and MICMAC approach. Quality & Quantity, 57(2), 1533-1559.
  28. Klapper, L. & Lusardi, A. (2020). Financial literacy and financial resilience: Evidence from around the world. Financial Management, 49(3), 589-614, https://dx.doi.org/10.1111/fima.12283.
  29. Liu, T., Fan, M., Li, Y. & Yue, P. (2024). Financial literacy and household financial resilience. Finance Research Letters, 63, 1-9, https://dx.doi.org/10.1016/j.frl.2024.105378.
  30. Lusardi, A. & Mitchell, O.S. (2014). The economic importance of financial literacy: Theory and evidence. American Economic Journal: Journal of Economic Literature, 52(1), 5-44.
  31. Lyons, A.C. & Kass-Hanna, J. (2021). A multidimensional approach to defining and measuring financial literacy in the digital age. In: The Routledge handbook of financial literacy (pp. 61-76). Routledge, London.
  32. Nassuna, A.N., Ntamu, D.N., Kikooma, J., Mayanja, S.S. & Basalirwa, E. (2023). Using financial resilience to grow business amidst adversities. Continuity & Resilience Review, 5(3), 299-319, https://dx.doi.org/10.1108/CRR-06-2023-0011.
  33. Orhan, E. (2016). Building community resilience: Business preparedness lessons in the case of Adapazarı, Turkey. Disasters, 40(1), 45-64, https://dx.doi.org/10.1111/disa.12132.
  34. Pomeroy, R., Arango, C., Lomboy, C.G. & Box, S. (2020). Financial inclusion to build economic resilience in small-scale fisheries. Marine Policy, 118, 1-9, https://dx.doi.org/10.1016/j.marpol.2020.103982.
  35. Rafailov, D. (2023). COVID-19 and corporate finance resilience. Izvestia Journal of the Union of Scientists-Varna. Economic Sciences Series, 12(1), 59-68, https://dx.doi.org/10.1016/j.ijinfomgt.2018.10.009.
  36. Rana, N.P., Barnard, D.J., Baabdullah, A.M., Rees, D. & Roderick, S. (2019). Exploring barriers of m-commerce adoption in SMEs in the UK: Developing a framework using ISM. International Journal of Information Management, 44, 141-153, https://dx.doi.org/10.1108/ITP-07-2020-0460.
  37. Rana, N.P., Dwivedi, Y.K. & Hughes, D.L. (2022). Analysis of challenges for blockchain adoption within the Indian public sector: An interpretive structural modelling approach. Information Technology & People, 35(2), 548-576.
  38. Rohilla, A. (2024). Strengthening Financial Resilience: A Holistic Approach to Combatting Fraud. Indian Journal of Economics and Finance (IJEF), 4(1), 20-31.
  39. Sakyi-Nyarko, C., Ahmad, A.H. & Green, C.J. (2022). The gender-differential effect of financial inclusion on household financial resilience. The Journal of Development Studies, 58(4), 692-712, https://dx.doi.org/10.1080/00220388.2021.2013467.
  40. Salignac, F., Hanoteau, J. & Ramia, I. (2021). Financial resilience: a way forward towards economic development in developing countries. Social Indicators Research, 160, 1-33., https://dx.doi.org/10.1007/s11205-021-02793-6.
  41. Salignac, F., Marjolin, A., Reeve, R. & Muir, K. (2019). Conceptualizing and measuring financial resilience: A multidimensional framework. Social Indicators Research, 145, 17-38, https://dx.doi.org/10.1007/s11205-019-02100-4.
  42. Setiadi, R. & Frederika, R. (2022). Family financial planning for disaster preparedness: A case study of north Sema-rang, Indonesia. International Journal of Disaster Risk Reduction, 82, 1-12, https://dx.doi.org/10.1016/j.ijdrr.2022.103332.
  43. Setyorini, N., Indiworo, R.H.E. & Sutrisno, S. (2021). The Role Financial Literacy and Financial Planning to Increase Financial Resilience: Household Behaviour as Mediating Variable. Media Ekonomi Dan Manajemen, 36(2), 243-255.
  44. Sharma, S. (2022). Enablers to financial literacy: A DEMATEL approach. Procedia Computer Science, 214, 520-527, https://dx.doi.org/10.1016/j.procs.2022.11.207.
  45. Upadhaya, B., Wijethilake, C., Adhikari, P., Jayasinghe, K. & Arun, T. (2020). COVID-19 policy responses: reflections on governmental financial resilience in South Asia. Journal of Public Budgeting, Accounting & Financial Management, 32(5), 825-836, https://dx.doi.org/10.1108/JPBAFM-07-2020-0130.
  46. Yao, R. & Zhang, J. (2023). Employment status and financial resilience during the COVID-19 pandemic. International Journal of Bank Marketing, 41(5), 992-1009, https://dx.doi.org/10.1108/IJBM-08-2022-0371.
  47. Yap, S., Lee, H.S. & Liew, P.X. (2023). The role of financial inclusion in achieving finance-related sustainable development goals (SDGs): a cross-country analysis. Economic Research-Ekonomska Istraživanja, 36(3), 1-23, https://dx.doi.org/10.1080/1331677X.2023.2212028.
  48. Zhou, Y., Yang, M. & Gan, X. (2023). Education and financial literacy: Evidence from compulsory schooling law in China. The Quarterly Review of Economics and Finance, 89, 335-346, https://dx.doi.org/10.1016/j.qref.2022.09.006.
Language: English
Page range: 74 - 88
Submitted on: Jul 2, 2024
Accepted on: Feb 10, 2025
Published on: Jun 26, 2025
Published by: University of Information Technology and Management in Rzeszow
In partnership with: Paradigm Publishing Services
Publication frequency: 4 issues per year

© 2025 Reena Agrawal, Charu Saxena, Pratibha Thakur, published by University of Information Technology and Management in Rzeszow
This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.