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Proceedings of 10th Asia - Pacific Business and Humanities Conference 22 - 23 February 2016, Hotel Istana, Kuala Lumpur, Malaysia ISBN: 978-1-925488-00-5 Dynamics of Locus of Control, Financial Behaviour and Financial Position: An Empirical Study Girish K. Nair and Lewlyn L R Rodrigues Qatar has witnessed significant economic growth since 2008 with GDP increasing by about 10 percent annually on an average, and it is consistently listed among the richest nations in the world since then. A study on the financial behaviour of the Qatari nationals would reveal their role in this achievement. This research tests the hypothesis that the locus of control, income, financial knowledge, financial behaviour and financial position of the citizens are causally related. The research methodology is typical to the empirical studies using Structural Equation Modelling. The evidence collected from randomly chosen 204 respondents supported five out of seven hypotheses which indicated that internal locus of control, financial knowledge, financial behaviour and financial position were causally related. For policy implementation it is imperative that household of a country should be educated in terms of financial knowledge so as to control the financial behaviour which affects the financial position. Key Words: Financial behaviour, Financial knowledge, Financial position, Locus of control, Financial management. Field of Research: Finance, Quantitative Finance, Personal finance. JEL Codes: G1, F3 and E6 _________________________________________ Girish K. Nair, Program Leader, International Hospitality Management, Stenden University, Qatar, Email: [email protected]; [email protected] Lewlyn L R Rodrigues, Professor & Head, Department of Humanities & Management, Manipal Institute of Technology, India, Email: [email protected]
