Growers’ behavioral intentions towards agricultural insurance participation: Big Five personality traits within the TPB framework
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Author(s)Balaraj D. B.Link to ORCID Index: https://orcid.org/0009-0000-3397-8484
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G. Vidya BaiLink to ORCID Index: https://orcid.org/0000-0001-8785-0152
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Daniel FrankLink to ORCID Index: https://orcid.org/0000-0002-2109-2675
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Vigneshwara RaoLink to ORCID Index: https://orcid.org/0009-0003-0216-763X
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AvinashLink to ORCID Index: https://orcid.org/0000-0002-7417-3815
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DOIhttp://dx.doi.org/10.21511/ins.15(2).2024.06
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Article InfoVolume 15 2024, Issue #2, pp. 71-83
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1 Downloads
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Creative Commons Attribution 4.0 International License
This study seeks to establish the influence of the Big Five personality traits, which include Openness, Neuroticism, Conscientiousness, Agreeableness, and Extraversion, on growers’ willingness to embrace crop insurance schemes. Furthermore, it explores the role of Attitude, Subjective Norms, and Perceived Behavioral Control, as proposed in the Theory of Planned Behavior (TPB), on this relationship. Using a structured questionnaire, data were collected from 412 growers of arecanut and pepper. The data were analyzed using Partial Least Squares Structural Equation Modeling (PLS-SEM) via Smart-PLS 3.3. The analysis revealed that Perceived Behavioral Control (β = 0.462**), Subjective Norms (β = 0.260**), and Attitude (β = 0.115**) positively influenced growers’ behavioral intentions. Interestingly, the Big Five personality traits themselves did not have a direct effect on these intentions. Further mediation analysis demonstrated that Attitude and Subjective Norms fully mediated the effects of Extraversion (α = 0.026**, β = 0.069), Neuroticism (α = 0.019**, β = –0.016), and Openness (α = 0.024**, β = 0.069) on Behavioral Intention. However, these variables did not mediate the relationship between Agreeableness (α = 0.011, β = 0.058), Conscientiousness (α = –0.017, β = –0.080), and Behavioral Intention. Additionally, perceived behavioral control mediated the link between personality traits and intention, though this was not the case for Conscientiousness. This study contributes to the application of the TPB by incorporating the Big Five personality traits and exploring their interaction with the TPB dimensions.
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JEL Classification (Paper profile tab)G22, Q14, D91, M31, Q54
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References43
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Tables7
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Figures1
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- Figure 1. Conceptual framework
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- Table 1. Measurement of items Source: Rajeev et al. (2022).
- Table 2. Respondents’ demographic profile
- Table 3. Measurement models (Cronbach’s α, Composite reliability and Average Variance Extracted)
- Table 4. Fornell-Larcker criterion test results
- Table 5. HTMT (Heterotrait-Monotrait) Test Results
- Table 6. Structural path analysis results
- Table 7. Mediation analysis results
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Material production and GDP in Ukraine: theoretical concept and financial assessment
Yuliia Sonko ,
Iryna Lazebna ,
Larysa Lebedeva
doi: http://dx.doi.org/10.21511/imfi.15(2).2018.05
Investment Management and Financial Innovations Volume 15, 2018 Issue #2 pp. 51-59 Views: 1427 Downloads: 175 TO CITE АНОТАЦІЯThe article considers the relevant problems concerning the correlation between the development of priority economic sectors and sustainable economic growth in Ukraine. The assumption is made that development at the macroeconomic level can only be achieved when the positive dynamics of material production sectors is observed. The resource potential of Ukraine allows to distinguish two main sectors: agriculture and industry.
Many scholars have repeatedly considered ways of achieving positive economic dynamics at the level of the national economy. But despite the existing research on the problems of economic growth, its’ financial assessment and modelling, as well as the dominant factors of influence, remain unsolved. The aim of the article is to identify the factors of economic growth and assess their influence on the overall economic dynamics within two main material production sectors of Ukraine: industry and agriculture. In order to achieve this, the influence factor model of economic growth has been composed, where GDP growth was selected as a result indicator. The choice of influencing factors is substantiated by: quantity of goods and services sold, number of employees in the industry, investments, fixed assets value and the consumer price index. The most influential factors that significantly impact the overall economic dynamics have been revealed in the article. -
Investment needs assessment of Ukrainian agricultural enterprises
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The results of agricultural enterprises activity depend directly on the state of their fixed assets. This is one of the biggest vulnerabilities of agricultural enterprises, which makes it impossible for the economy of Ukraine to demonstrate decent results. Investments should be used primarily for the development of material and technical basis of agricultural enterprises, because the fixed assets always depreciate, the term of their use in many enterprises exceeds 15 years and their number is constantly decreasing.
Investment in technical provision of plant growing is necessary and attractive. Firstly, as a basis of plant growing, grain and oilseeds are always in demand at the domestic and foreign markets. Secondly, the volumes of investments are moderate compared to other investments in agriculture. In the beginning, it is sufficient to invest into the branch on average from 1 to 2 thousand US dollars per 1 hectare. The average payback period of investments is 2-4 years.
Thus, in order to stimulate investments, it is vital to form a qualitatively new policy aimed at increasing investment attractiveness of agricultural enterprises.
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The role of personality traits, financial literacy and behavior on investment intentions and family support as a moderating variable
Bambang Widagdo 
,
Kenny Roz
doi: http://dx.doi.org/10.21511/imfi.19(2).2022.12
Investment Management and Financial Innovations Volume 19, 2022 Issue #2 pp. 143-153 Views: 1109 Downloads: 585 TO CITE АНОТАЦІЯInvestment refers to various actions taken by individuals, including the younger generation in Indonesia, to prepare for the future. There are many programs around investment offered by the government in Indonesia for the short to long term. Therefore, this study aims to examine the direct and indirect effects of personality traits, financial literacy, and behavior and family support on investment intentions using a quantitative approach. In addition, this study is also intended to add to the limited empirical evidence regarding investment among students in Indonesia. The model of this research framework is based on collaboration between theory and previous research as a reference in strengthening the justification of the findings. The sample consisted of 341 students spread throughout Indonesia, while the data was collected using a questionnaire distributed online and analyzed using the Smart-PLS. The overall findings of this study indicate that personality, financial literacy, and behavior have a significant effect on investment intentions among students in Indonesia. Furthermore, financial behavior indicates the role of intermediaries, while family support does not strengthen the effect of financial literacy on investment intentions among students in Indonesia. The students who take financial management courses will be more aware of the importance of financial literacy and financial behavior for investment intentions. Recommendations for further research can relate other variables affecting investment intentions that were not examined in this study.
