Investigating the business performance on the financial well-being of the Government retirees

Population ageing; where there is growth in the percentage of older persons in the population; is becoming a worldwide phenomenon due to better healthcare and lower birth rates. The phenomenon of population ageing brings with it both challenges and opportunities. The challenges of an ageing populati...

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Autores principales:	Embong Abdul Mutalib, Afzainizam Norzamziah, Norhashim Mariati, Ahmadi Amirsaman
Formato:	article
Lenguaje:	EN FR
Publicado:	EDP Sciences 2021
Materias:	Social Sciences H
Acceso en línea:	https://doaj.org/article/9b5a0ffe9cb944f6b6a61719e16b7211
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spelling	oai:doaj.org-article:9b5a0ffe9cb944f6b6a61719e16b72112021-12-02T17:15:22ZInvestigating the business performance on the financial well-being of the Government retirees2261-242410.1051/shsconf/202112403006https://doaj.org/article/9b5a0ffe9cb944f6b6a61719e16b72112021-01-01T00:00:00Zhttps://www.shs-conferences.org/articles/shsconf/pdf/2021/35/shsconf_icmesh2020_03006.pdfhttps://doaj.org/toc/2261-2424Population ageing; where there is growth in the percentage of older persons in the population; is becoming a worldwide phenomenon due to better healthcare and lower birth rates. The phenomenon of population ageing brings with it both challenges and opportunities. The challenges of an ageing population include social, health and economic support of the elderly. Malaysia is recognizing the need to address this issue of financially supporting an ageing population. The purpose of the paper was to investigate the impact of business on the financial well-being (FWB) of the ageing, specifically the government retirees. A questionnaire-based survey was conducted among retirees who were in business throughout Malaysia that employed a cross sectional design. Forty-one respondents were successfully interviewed. Statistical procedures for the analyses included descriptive analysis and a profile analysis using scatterplot on the perceived business performance vs financial well-being. The survey revealed that the majority of the respondents operated business in the services, trade or retail industries which were set up and fully owned by themselves. Resource wise, the majority had very low financial capital, human capital and social capital. The study provides some empirical evidence that the retirees in business may be categorized into opportunity driven and necessity driven groups. The paper concludes that there is a need to find alternative income generation methods for the necessity driven group. Making paid work accessible to the elderly must be urgently put on the national agenda.Embong Abdul MutalibAfzainizam NorzamziahNorhashim MariatiAhmadi AmirsamanEDP SciencesarticleSocial SciencesHENFRSHS Web of Conferences, Vol 124, p 03006 (2021)
institution	DOAJ
collection	DOAJ
language	EN FR
topic	Social Sciences H
spellingShingle	Social Sciences H Embong Abdul Mutalib Afzainizam Norzamziah Norhashim Mariati Ahmadi Amirsaman Investigating the business performance on the financial well-being of the Government retirees
description	Population ageing; where there is growth in the percentage of older persons in the population; is becoming a worldwide phenomenon due to better healthcare and lower birth rates. The phenomenon of population ageing brings with it both challenges and opportunities. The challenges of an ageing population include social, health and economic support of the elderly. Malaysia is recognizing the need to address this issue of financially supporting an ageing population. The purpose of the paper was to investigate the impact of business on the financial well-being (FWB) of the ageing, specifically the government retirees. A questionnaire-based survey was conducted among retirees who were in business throughout Malaysia that employed a cross sectional design. Forty-one respondents were successfully interviewed. Statistical procedures for the analyses included descriptive analysis and a profile analysis using scatterplot on the perceived business performance vs financial well-being. The survey revealed that the majority of the respondents operated business in the services, trade or retail industries which were set up and fully owned by themselves. Resource wise, the majority had very low financial capital, human capital and social capital. The study provides some empirical evidence that the retirees in business may be categorized into opportunity driven and necessity driven groups. The paper concludes that there is a need to find alternative income generation methods for the necessity driven group. Making paid work accessible to the elderly must be urgently put on the national agenda.
format	article
author	Embong Abdul Mutalib Afzainizam Norzamziah Norhashim Mariati Ahmadi Amirsaman
author_facet	Embong Abdul Mutalib Afzainizam Norzamziah Norhashim Mariati Ahmadi Amirsaman
author_sort	Embong Abdul Mutalib
title	Investigating the business performance on the financial well-being of the Government retirees
title_short	Investigating the business performance on the financial well-being of the Government retirees
title_full	Investigating the business performance on the financial well-being of the Government retirees
title_fullStr	Investigating the business performance on the financial well-being of the Government retirees
title_full_unstemmed	Investigating the business performance on the financial well-being of the Government retirees
title_sort	investigating the business performance on the financial well-being of the government retirees
publisher	EDP Sciences
publishDate	2021
url	https://doaj.org/article/9b5a0ffe9cb944f6b6a61719e16b7211
work_keys_str_mv	AT embongabdulmutalib investigatingthebusinessperformanceonthefinancialwellbeingofthegovernmentretirees AT afzainizamnorzamziah investigatingthebusinessperformanceonthefinancialwellbeingofthegovernmentretirees AT norhashimmariati investigatingthebusinessperformanceonthefinancialwellbeingofthegovernmentretirees AT ahmadiamirsaman investigatingthebusinessperformanceonthefinancialwellbeingofthegovernmentretirees
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Investigating the business performance on the financial well-being of the Government retirees

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