Parikalpana: KIIT Journal of Management

Suman Ghalawat ¹, Sunita Mehla ²

Affiliations
1 Department of Business Management, CCS Haryana Agricultural University, Hisar, Haryana, IN
2 Department of Business Management, CCS Haryana Agricultural University, Hisar, IN

Abstract

Stress is an integral part of life, especially for a college student. It has effects on people's behavior, communications and efficiency. Academic institutions have different work settings compared to non-academics and therefore one would expect the difference in symptoms, causes, and consequences of stress. The present paper has empirically investigated two objectives: first, to investigate the factors that influence individual stress level and second to assess the relative significance of these factors on overall stress management among students. The study is based on a sample of 150 respondents from Hisar district of Haryana state and applied statistical tools of factor analysis and regression analysis to achieve the objective of the study.

Factor analysis gets five factors named as: personal problem, relationship problem, social problem, academic problem and lastly environmental problem. Results of regression analysis reveals that students of colleges are usually facing stress more from relationship and environmental problems.

Keywords

Academic Problem, Factor Analysis, Regression Analysis.

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Sunita Mehla ¹, Suman Ghalawat ²

Affiliations
1 Department of Business Management, CCS Haryana Agricultural University, Hisar, IN
2 Dept of Business Management, CCS Haryana Agricultural University, Hisar, Haryana, IN

Abstract

Behavioral finance considers the impact of individual's attitude on their financial decisions. The present paper empirically assesses the factors that influences the individual behavior regarding everyday financial decisions and further examine the impact of demographic variables on these factors. The study is mainly primary data based with a sample of 250 respondents from Hisar district of Haryana state and applied statistical tools of factor analysis and one way ANOVA to achieve the objective of the study. The factor analysis discloses nine factors which are named as compulsive shopper, financial awareness, financial botheration, financial advice, concern for future, saving schemes, composed decision believes in savings and income. Further, gender, age, marital status and occupation are found to have significant impact on the derived factors.

Keywords

Financial Behavior, Factor Analysis, ANOVA.

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