Mindset to Money: How Gender Impacts the Relationship between Self-Efficacy and Financial Satisfaction

Abstract

This study analyzes the relationship between Önancial self-e¢ cacy and Önancial satisfaction of individual investors, with a particular emphasis on examining whether this relationship is moderated by gender. The study adopted a quantitative research approach and employed an online survey to gather data from a sample of 216 individual investors. Structural equation modeling (SEM) is employed to examine the direct e§ect of Önancial self-e¢ cacy on Önancial satisfaction and the moderating e§ect of gender on this relationship. The results show that Önancial self-e¢ cacy has a positive and signiÖcant impact on Önancial satisfaction. Furthermore, the Öndings indicate that gender moderates this relationship, with male investors exhibiting a stronger relationship between Önancial self-e¢ cacy and Önancial satisfaction than female investors. These Öndings suggest that Önancial self-e¢ cacy is an important predictor of Önancial satisfaction for both men and women and gender di§erences should be taken into account when examining the relationship between these variables. The study highlights the importance of Önancial self-e¢ cacy in achieving Önancial satisfaction and emphasizes the need for interventions that improve Önancial self-e¢ cacy, particularly for women investors who may experience greater barriers to Önancial success.