Research Paper
Year: 2020 | Month: December | Volume: 7 | Issue: 12 | Pages: 288-296
Reasons for Dread (Fear) of Financial Crisis among University Students in Hong Kong
Zeyu Cao
College of Liberal Arts and Social Sciences, City University of Hong Kong, Hong Kong, 999077
ABSTRACT
Hong Kong is an international metropolis known for its developed finance. Many groups and individuals have been fear by the financial crisis since 2008. This is usually due to an understanding of the present situation and the unpredictability of the future. However, in addition to the countermeasures that people may take, fear itself also affects people's development. This article uses factor analysis among university students in Hong Kong to assess the impact of 11 factors (including 6 demographic factors and 5 other factors) from 28 variables about risk perception and attitude. These factors have caused fear of a terrible financial crisis (DFFC). The results showed that among the demographic factors, only sex and age (b = -0.196, BCaCI = -0.334, 0.057, p = .006) had significant predictions for DFSLE. the knowledge of the financial crisis (b = -0.524, BCaCI = -0.207, 0.071, p = .015), the government's ability to control and resolve the financial crisis (b = 0.271, BCaCI = 0.132, 0.410, p = .015) 000) and the government's suspicion of financial crisis countermeasures (b = 0.277, BCaCI = 0.138, 0.416, p = .000), and about the potential tragic nature of the financial crisis (b = 0.720, BCaCI = 0.581, 0.859, p = .000) did predict DFFC. Therefore, this article believes that when dealing with DFFC of university students in Hong Kong, we must pay attention to these five factors. Further research should be conducted on how these factors affect students' DFSLE.
Keywords: Dread (Fear) of Financial Crisis; Factor Analysis; Regression Analysis.
[PDF Full Text]