The dissertation entitled “Relationship of proactive personality, financial planning behavior and life satisfaction” by Lisa Smith was published in 2017. It aims to investigate the correlation between “personality, financial planning behaviors, and retirement life satisfaction” in order to determine the importance of proactivity in these areas (Smith, 2017, p. 1). Hence, the hypothesis is the presence of a clear connection between the above factors, and the differences in this respect determine the well-being of the affected persons in the long run.
The paper heavily relies on the previously studied psychological frameworks intended for confirming the link between one’s character and financial outcomes. The main model under consideration, opposed to a proactive nature of people, is Big Five personality traits, and it is presented as a less beneficial approach to examining the subject (Smith, 2017). On the contrary, the ability to be “self-starting and forward-thinking” determines more significant life satisfaction when aging (Smith, 2017, p. 5). This conclusion is supported by more efficient financial behavior and improved planning skills confirmed by surveying online participants (Smith, 2017). Thus, comparing their results with the mentioned framework underpinned the findings.
The dissertation has a number of strengths allowing for its further use by scholars. They are connected to the possibility of making the assessments of life satisfaction in similar cases more precise and increasing the population’s awareness of the role of their behavior in financial matters. Also, the findings allow modifying interaction patterns in the online environment for promoting a better understanding of financial operations on the Internet. Nevertheless, there are significant limitations, including the lack of diversity in the sample and technical issues disrupting the process. Regardless of these challenges, the study appears to be credible for its implementation on the basis of organizations practicing remote work modes.
Reference
Smith, L. (2017). Relationship of proactive personality, financial planning behavior and life satisfaction [Doctoral dissertation, Georgia State University]. Scholar Works Georgia State University.