Assessing the Impact of Corporate Governance on Firm Performance: Evidence from Malawi Stock Exchange
Keywords:
Saving Determinants, Saving Behaviour, Demographic Factors, LudhianaAbstract
The major purpose of the study relates to assessing the impact of different demographic factors on the saving determinants and saving behaviour of the individuals of Ludhiana. Therefore, in this study saving determinants and behaviour were considered as the dependent variable and the demographic variables as the independent variable. The data was collected from 100 respondents which comprised individuals representing different heterogeneities of Ludhiana. The tools of factor analysis, independent t-test, and one-way ANOVA were applied to study the impact of five demographic variables on the saving determinants and behaviour of the individuals of Ludhiana. The studies revealed that certain factors of saving behaviour had an insignificant relationship with the demographic factors while virtuous considerations and financial considerations resonated a significant impact with certain demographic factors. The major limitation of the study was that the sample was relatively of smaller size. Had it been of a larger size, the results would have been an accurate one. This paper was the first of its kind to study the saving behaviour of the Individuals of Ludhiana on the basis of their demographic factors.
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