Value-Based Financial Risk Prediction Model

The model of financial risk prediction we developed and present in our paper is based on the theoretical assumption that there exists a significant relationship between actual economic situation and values. This assumption confirmed by the research influences the potential risk in financial behaviou...

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Autores principales:	Jiří Pospíšil, Nataša Matulayová, Pavla Macháčková, Pavlína Jurníčková, Ivana Olecká, Helena Pospíšilová
Formato:	article
Lenguaje:	EN
Publicado:	MDPI AG 2021
Materias:	model financial responsibility financial well-being financial knowledge values economic situation Insurance HG8011-9999
Acceso en línea:	https://doaj.org/article/3005af5426c94a60a0ab239fd318a946
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id	oai:doaj.org-article:3005af5426c94a60a0ab239fd318a946
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spelling	oai:doaj.org-article:3005af5426c94a60a0ab239fd318a9462021-11-25T18:56:13ZValue-Based Financial Risk Prediction Model10.3390/risks91102052227-9091https://doaj.org/article/3005af5426c94a60a0ab239fd318a9462021-11-01T00:00:00Zhttps://www.mdpi.com/2227-9091/9/11/205https://doaj.org/toc/2227-9091The model of financial risk prediction we developed and present in our paper is based on the theoretical assumption that there exists a significant relationship between actual economic situation and values. This assumption confirmed by the research influences the potential risk in financial behaviour and it becomes actual especially in the case of changing life conditions. The concept of the model is based on data received from 3768 respondents questioned across the Czech Republic. Measured variables were indexed, and the cluster and factor analyses were used for multivariate analysis. The model is unique in the combination of personal values projected into six generalized value types and developed economic indexes clustered in four types of economic situations. The primary purpose of the model is to identify the anticipated personal financial risk of clients. The model has fundamental applications as a diagnostic or auto-diagnostic tool in social work, counselling, psychotherapy, and other helping professions, or as a research instrument leading to various hypotheses and to the enhancement of theories concerning economic behaviour.Jiří PospíšilNataša MatulayováPavla MacháčkováPavlína JurníčkováIvana OleckáHelena PospíšilováMDPI AGarticlemodelfinancial responsibilityfinancial well-beingfinancial knowledgevalueseconomic situationInsuranceHG8011-9999ENRisks, Vol 9, Iss 205, p 205 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	model financial responsibility financial well-being financial knowledge values economic situation Insurance HG8011-9999
spellingShingle	model financial responsibility financial well-being financial knowledge values economic situation Insurance HG8011-9999 Jiří Pospíšil Nataša Matulayová Pavla Macháčková Pavlína Jurníčková Ivana Olecká Helena Pospíšilová Value-Based Financial Risk Prediction Model
description	The model of financial risk prediction we developed and present in our paper is based on the theoretical assumption that there exists a significant relationship between actual economic situation and values. This assumption confirmed by the research influences the potential risk in financial behaviour and it becomes actual especially in the case of changing life conditions. The concept of the model is based on data received from 3768 respondents questioned across the Czech Republic. Measured variables were indexed, and the cluster and factor analyses were used for multivariate analysis. The model is unique in the combination of personal values projected into six generalized value types and developed economic indexes clustered in four types of economic situations. The primary purpose of the model is to identify the anticipated personal financial risk of clients. The model has fundamental applications as a diagnostic or auto-diagnostic tool in social work, counselling, psychotherapy, and other helping professions, or as a research instrument leading to various hypotheses and to the enhancement of theories concerning economic behaviour.
format	article
author	Jiří Pospíšil Nataša Matulayová Pavla Macháčková Pavlína Jurníčková Ivana Olecká Helena Pospíšilová
author_facet	Jiří Pospíšil Nataša Matulayová Pavla Macháčková Pavlína Jurníčková Ivana Olecká Helena Pospíšilová
author_sort	Jiří Pospíšil
title	Value-Based Financial Risk Prediction Model
title_short	Value-Based Financial Risk Prediction Model
title_full	Value-Based Financial Risk Prediction Model
title_fullStr	Value-Based Financial Risk Prediction Model
title_full_unstemmed	Value-Based Financial Risk Prediction Model
title_sort	value-based financial risk prediction model
publisher	MDPI AG
publishDate	2021
url	https://doaj.org/article/3005af5426c94a60a0ab239fd318a946
work_keys_str_mv	AT jiripospisil valuebasedfinancialriskpredictionmodel AT natasamatulayova valuebasedfinancialriskpredictionmodel AT pavlamachackova valuebasedfinancialriskpredictionmodel AT pavlinajurnickova valuebasedfinancialriskpredictionmodel AT ivanaolecka valuebasedfinancialriskpredictionmodel AT helenapospisilova valuebasedfinancialriskpredictionmodel
_version_	1718410513846632448

Value-Based Financial Risk Prediction Model

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