Psychological Process, Social and Environmental Influence on Retirement Planning: Malaysian Energy Industry Perspective

Allen, S. G., Clark, R. L., Maki, J., & Morrill, M. S. (2016). Golden years or financial fears? How plans change after retirement seminars. Journal of Retirement, 3(3), 96-115.10.3905/jor.2016.3.3.096Search in Google Scholar

Amirul, M. M., & Hasniyanti, H. H. (2017). Factors Affecting Retirement Planning Of Gen-Y Workers In Klang Valley Private Sectors, Malaysia International Journal Of Advanced Research And Publications, 1(4).Search in Google Scholar

Anderson, J. C., & Gerbing, D. W. (1988). Structural equation modeling in practice: A review and recommended two-step approach. Psychological bulletin, 103(3), 411.10.1037/0033-2909.103.3.411Search in Google Scholar

Anibueze, A. U. (2013). Effects of Gender Pre-Retirement Preparation and Adjustment In Retirement: A Case Study Of Enugu State, Nigeria. Journal Of Humanities And Social Science (IOSR-JHSS), 17((Nov. - Dec. 2013), PP 01-10).10.9790/0837-1720110Search in Google Scholar

Asean Up. (2018). Top 30 companies from Malaysia’s KLCI, https://aseanup.com/top-30-companies-from-malaysia-klci/.Search in Google Scholar

Aziam, M., Siti, K. Y., Ainiza, S., Rohayah, A., & Nor, L. H. (2017). Factors Influencing Retirement Planning Behaviour OF Lecturers in Polytechnics. Advanced Journal of Technical and Vocational Education, 1(4), 09-13. doi:10.26666/rmp.ajtve.2017.4.310.26666/rmp.ajtve.2017.4.3Search in Google Scholar

Beehr, T. A. (1986). The process of retirement: A review and recommendations for future investigation. Personnel Psychology, 39(1), 31-55.10.1111/j.1744-6570.1986.tb00573.xSearch in Google Scholar

Bernama. (2016, October 18). Younger employees should be taught financial retirement planning. Retrieved from http://english.astroawani.com/lifestyle/younger-employees-should-be-taught-financial-retirement-planning-119757Search in Google Scholar

Bidewell, J., Griffin, B., & Hesketh, B. (2006). Timing of retirement: Including a delay discounting perspective in retirement models. Journal of Vocational Behavior, 68(2), 368-387.10.1016/j.jvb.2005.06.002Search in Google Scholar

Chin, W. W. (1998). Commentary: Issues and opinion on structural equation modeling. In: JSTOR.Search in Google Scholar

Chin, W. W., Peterson, R. A., & Brown, S. P. (2008). Structural equation modeling in marketing: Some practical reminders. Journal of Marketing theory and Practice, 16(4), 287-298.10.2753/MTP1069-6679160402Search in Google Scholar

Chua, S. C., & Oh, T. H. (2010). Review on Malaysia’s national energy developments: key policies, agencies, programmes and international involvements. Renewable and Sustainable Energy Reviews, 14(9), 2916-2925.10.1016/j.rser.2010.07.031Search in Google Scholar

Ciutiene, R., & Railaite, R. (2015). Age management as a means of reducing the challenges of workforce aging. Inzinerine Ekonomika-Engineering Economics, 26(4), 391-397.10.5755/j01.ee.26.4.7081Search in Google Scholar

Delafrooz, N., & Paim, L. H. (2011). Determinants of financial wellness among Malaysia workers. African Journal of Business Management, 5(24), 10092.10.5897/AJBM10.1267Search in Google Scholar

Department of Statistic Malaysia. (2016). Population Projection (Revised), Malaysia, 2010-2040. Retrieved from https://www.dosm.gov.my/v1/index.php?r=column/cthemeByCat&cat=118&bul_id=Y3kwU2tSNVFDOWp1YmtZYnhUeVBEdz09&menu_id=L0pheU43NWJwRWVSZklWdzQ4TlhUUT09Search in Google Scholar

Department of Statistic Malaysia. (2017). Current Population Estimates, Malaysia, 2016-2017. Retrieved from https://www.dosm.gov.my/v1/index.php?r=column/cthemeByCat&cat=155&bul_id=a1d1UTFZazd5ajJiRWFHNDduOXFFQT09&menu_id=L0pheU43NWJwRWVSZklWdzQ4TlhUUT09Search in Google Scholar

Fabrigar, L. R., Porter, R. D., & Norris, M. E. (2010). Some things you should know about structural equation modeling but never thought to ask. Journal of Consumer Psychology, 20(2), 221-225.10.1016/j.jcps.2010.03.003Search in Google Scholar

Fadila, D. E. S., & Alam, R. R. (2016). Factors affecting adjustment to retirement among retirees’ elderly persons. Journal of Nursing Education and Practice, 6(8), 112.10.5430/jnep.v6n8p112Search in Google Scholar

Faezah, N., & Talib, M. (2014). The Behavior of Public Servant Toward Retirement Planning. (Masters thesis). Universiti Utara Malaysia.Search in Google Scholar

Feldman, D. C. (1994). The decision to retire early: A review and conceptualization. Academy of management review, 19(2), 285-311.10.5465/amr.1994.9410210751Search in Google Scholar

Figueira, D. A. M., Haddad, M. d. C. L., Gvozd, R., & Pissinati, P. d. S. C. (2017). Retirement decision-making influenced by family and work relationships. Revista Brasileira de Geriatria e Gerontologia, 20(2), 206-213.10.1590/1981-22562017020.160127Search in Google Scholar

Garson, G. (2016). Partial Least Squares: Regression and structural equation models. Statistical Associates Blue Book Series. In: Statistical Associates Publishing: Asheboro, USA.Search in Google Scholar

Gavin, J., & Gauvin, F. (2001). Portrait of an Industry: The First Industry-Wide Work Satisfaction Study of Fitness Professionals. Retrieved August 11, 2011, from http://www.ideafit.com/fitness-library/portrait-industry-firstindustry-wide-work-satisfaction-study-fitness-professionals. IDEA Health & Fitness Source, 19(7), 29-29.Search in Google Scholar

Geisser, S. (1975). The predictive sample reuse method with applications. Journal of the American statistical Association, 70(350), 320-328.10.1080/01621459.1975.10479865Search in Google Scholar

Hair, J., Black, W., Babin, B., & Anderson, R. (2010). Multivariate data analysis, a global perspective. New Jersey. Pearson. Ed, 7, 816.Search in Google Scholar

Hair, J., Hult, G. T. M., Ringle, C., & Sarstedt, M. (2014). A Primer on Partial Least Squares Structural Equation Modeling (PLS-SEM).Search in Google Scholar

Hair, J., Ringle, C., & Sarstedt, M. (2013). Partial least squares structural equation modeling: Rigorous applications, better results and higher acceptance.10.1016/j.lrp.2013.01.001Search in Google Scholar

Hair, J., Ringle, C. M., & Sarstedt, M. (2011). PLS-SEM: Indeed a silver bullet. Journal of Marketing theory and Practice, 19(2), 139-152.10.2753/MTP1069-6679190202Search in Google Scholar

Hair, J., Sarstedt, M., Hopkins, L., & G. Kuppelwieser, V. (2014). Partial least squares structural equation modeling (PLS-SEM) An emerging tool in business research. European Business Review, 26(2), 106-121.10.1108/EBR-10-2013-0128Search in Google Scholar

Hair Jr, J. F., Hult, G. T. M., Ringle, C., & Sarstedt, M. (2016). A primer on partial least squares structural equation modeling (PLS-SEM): Sage Publications.Search in Google Scholar

Hassan, K. H., Rahim, R. A., Ahmad, F., Zainuddin, T. N. A. T., Merican, R. R., & Bahari, S. K. (2016). Retirement Planning Behaviour of Working Individuals and Legal Proposition for New Pension System in Malaysia. Journal of Politics and Law, 9(4). doi:10.5539/jpl.v9n4p4310.5539/jpl.v9n4p43Search in Google Scholar

Helman, R., & Paladino, V. (2004). Will Americans Ever Become Savers? The 14th Retirement Confidence Survey, 2004. (Issue Brief No. 268). Washington D.C.: Employee Benefit Research Institute. Retrieved November 7, 2005, from http://www.ebri.org/pdf/briefspdf/0404ib.pdft.Search in Google Scholar

Henseler, J., Ringle, C. M., & Sarstedt, M. (2015). A new criterion for assessing discriminant validity in variance-based structural equation modeling. Journal of the academy of marketing science, 43(1), 115-135.10.1007/s11747-014-0403-8Search in Google Scholar

Herath, T., & Rao, H. R. (2009). Encouraging information security behaviors in organizations: Role of penalties, pressures and perceived effectiveness. Decision Support Systems, 47(2), 154-165.10.1016/j.dss.2009.02.005Search in Google Scholar

Jamal, A. A. A., Ramlan, W. K., Karim, M. A., & Osman, Z. (2015). The effects of social influence and financial literacy on savings behavior: A study on students of higher learning institutions in Kota Kinabalu, Sabah. International Journal of Business and Social Science, 6(11), 110-119.Search in Google Scholar

Joo, S.-h., & Grable, J. E. (2005). Employee education and the likelihood of having a retirement savings program.Search in Google Scholar

Kim, J. E., & Moen, P. (2001a). Is retirement good or bad for subjective well-being? Current directions in psychological science, 10(3), 83-86.10.1111/1467-8721.00121Search in Google Scholar

Kim, J. E., & Moen, P. (2001b). Moving into retirement: Preparation and transitions in late midlife.Search in Google Scholar

Kimiyaghalam, F., Mansori, S., Safari, M., & Yap, S. (2017). Parents’ Influence on Retirement Planning in Malaysia. Family and Consumer Sciences Research Journal, 45(3), 315-325.10.1111/fcsr.12203Search in Google Scholar

Kubicek, B., Korunka, C., Hoonakker, P., & Raymo, J. M. (2010). Work and family characteristics as predictors of early retirement in married men and women. Research on aging, 32(4), 467-498.10.1177/0164027510364120Search in Google Scholar

Lim, C. S., Sia, B. K., & Gan, G. J. (2011). The analysis of psychological factors affecting savers in Malaysia. EuroJournals(12).Search in Google Scholar

Lohmöller, J.-B. (1989). Predictive vs. structural modeling: Pls vs. ml. In Latent Variable Path Modeling with Partial Least Squares (pp. 199-226): Springer.10.1007/978-3-642-52512-4_5Search in Google Scholar

Lusardi, A., & Mitchell, O. S. (2007). Baby boomer retirement security: The roles of planning, financial literacy, and housing wealth. Journal of monetary Economics, 54(1), 205-224.10.1016/j.jmoneco.2006.12.001Search in Google Scholar

MacFarland, D. M., Marconi, C. D., & Utkus, S. P. (2004). “Money Attitudes” and Retirement Plan Design: One Size Does Not Fit All. In O. S. Mitchell & S. P. Utkus (Eds.), Pension design and structure: New lessons from behavioral finance (pp. 97–120). New York: Oxford University Press., 97-120.10.1093/0199273391.003.0006Search in Google Scholar

Mahdzan, N. S., & Tabiani, S. (2013). The impact of financial literacy on individual saving: An exploratory study in the Malaysian context. Transformation in Business & Economics, 12(1).Search in Google Scholar

Mahlanza, T. J. (2015). Factors influencing retirement savings intentions in Botswana.Search in Google Scholar

Mansor, M. F., Hong, C. C., Abu, N. H., & Shaari, M. S. (2015). Demographic factors associated with retirement planning: a study of employees in Malaysian Health Sectors. Asian Social Science, 11(13), 108.10.5539/ass.v11n13p108Search in Google Scholar

Mayemba, D. L. (2015). The Prospects and Challenges in the Provision of Retirement Education to Workers in Tanzania. The Open University Of Tanzania.Search in Google Scholar

Ministry of Manpower. (2011). Retirement Age (Amendment) Bill 2011 2nd Reading Speech by Mr Gan Kim Yong, Minister for Manpower’, viewed on 17 June 2012.Search in Google Scholar

Mohidin, R., Jamal, A. A. A., Geetha, C., Sang, L. T., & Karim, M. R. A. (2013). Revisiting the relationship between attitutes and retirement planning behaviour: a study on personal financial planning. International Journal of Multidisciplinary Thought, 3(2), 449-461.Search in Google Scholar

Moorthy, M. K., Durai, T., Chelliah, L., Sien, C. S., Leong, L. C., Kai, N. Z., . . . Teng, W. Y. (2012). A Study on the retirement planning behaviour of working individuals in Malaysia. International Journal of Academic Research in Economics and Management Sciences, 1(2), 54.Search in Google Scholar

Ng, T.-H., Tay, W.-Y., Tan, N.-L., & Lim, Y.-S. (2011). Influence of investment experience and demographic factors on retirement planning intention. International Journal of Business and Management, 6(2), 196.10.5539/ijbm.v6n2p196Search in Google Scholar

Noar, N. Z. b. H. M. (2017). The Awareness of Retirement Planning: A Case with International Islamic University Malaysia Employees. Revelation and Science, 7(02), 18-23.10.29145/2017/jitc/72/070202Search in Google Scholar

Noone, J., Alpass, F., & Stephens, C. (2010). Do men and women differ in their retirement planning? Testing a theoretical model of gendered pathways to retirement preparation. Research on aging, 32(6), 715-738.10.1177/0164027510383531Search in Google Scholar

Noone, J. H. (2010). Psychological and socioeconomic factors influencing men and women’s planning for retirement: a thesis presented in partial fulfilment of the requirements for the degree of Doctor of Philosophy in Psychology at Massey University, Turitea, New Zealand. Massey University.Search in Google Scholar

Peh, G. S. Y. (2012). Factors influencing retirement planning of working individuals in Kota Kinabalu. Universiti Malaysia Sabah.Search in Google Scholar

Petkoska, J., & Earl, J. K. (2009). Understanding the influence of demographic and psychological variables on retirement planning. Psychology and aging, 24(1), 245.10.1037/a0014096Search in Google Scholar

Ramely, A., Ahmad, Y., & Harith, N. H. M. (2016). Productive ageing: The opportunities and challenges faced by the labour workforce in Malaysia. International Journal of Business, Economics and Law, 11(3).Search in Google Scholar

Randall, D. M., & Gibson, A. M. (1990). Methodology in business ethics research: A review and critical assessment. Journal of business ethics, 9(6), 457-471.10.1007/BF00382838Search in Google Scholar

Rau, B. L., & Adams, G. A. (2012). Aging, Retirement, and Human Resources Management: A Strategic. The Oxford handbook of retirement, 117.10.1093/oxfordhb/9780199746521.013.0054Search in Google Scholar

Reitzes, D. C., & Mutran, E. J. (2004). The transition to retirement: Stages and factors that influence retirement adjustment. The International Journal of Aging and Human Development, 59(1), 63-84.10.2190/NYPP-RFFP-5RFK-8EB8Search in Google Scholar

Ringle, C. M., Wende, S., & Becker, J.-M. (2015). SmartPLS 3. Boenningstedt: SmartPLS GmbH, http://www.smartpls.com.Search in Google Scholar

Schmidt, J. A., & Lee, K. (2008). Voluntary retirement and organizational turnover intentions: The differential associations with work and non-work commitment constructs. Journal of Business and Psychology, 22(4), 297-309.10.1007/s10869-008-9068-ySearch in Google Scholar

Selvadurai, V., Kenayathulla, H. B., & Siraj, S. (2018). Financial Literacy Education and Retirement Planning in Malaysia. MOJEM: Malaysian Online Journal of Educational Management, 6(2), 41-66.10.22452/mojem.vol6no2.3Search in Google Scholar

Shanmugam, A., & Zainal Abidin, F. (2013). Retirement confidence and preparedness: A study among working adults in a northern state in Malaysia. Paper presented at the In: Conference on Business Management Research 2013, December 11, 2013, EDC, Universiti Utara Malaysia, Sintok.Search in Google Scholar

Silver, M. (2007). Difference in the implications of Retirement on Depressive symptoms by Gender and Occupation Retrieved 11/12/2008, on http/www.appam.org/conference/fall/losangekes2008.sesessions/download/4546. doc. In A Review of Factors influencing Teachers’ Perceptions and Attitudes towards Retirement.Search in Google Scholar

Simkin, M. G., & McLeod, A. (2010). Why do college students cheat? Journal of business ethics, 94(3), 441-453.10.1007/s10551-009-0275-xSearch in Google Scholar

Stone, M. (1974). Cross-validatory choice and assessment of statistical predictions. Journal of the royal statistical society. Series B (Methodological), 111-147.10.1111/j.2517-6161.1974.tb00994.xSearch in Google Scholar

Suruhanjaya Tenaga. (2017). Energy in Malaysia: Towards a Brighter Future. Retrieved from http://www.st.gov.my/web/download/listing/112Search in Google Scholar

Szinovacz, M. E. (2003). Contexts and pathways: Retirement as institution, process, and experience. In: Adams, GA.; Beehr, TA., editors. Retirement: Reasons, processes, and results. New York: Springer. Retirement: Reasons, processes, and results, 6-52.Search in Google Scholar

The New Straits Times. (2016, August 6). Role of bosses in retirement planning. Retrieved from https://www.nst.com.my/news/2016/08/163444/role-bosses-retirement-planningSearch in Google Scholar

The Star Online. (2016, January 16). 7 biggest retirement planning mistakes. Retrieved from http://www.thestar.com.my/business/business-news/2016/01/16/7-biggest-retirement-planning-mistakes/Search in Google Scholar

The Sun. (2018, October 3). Govt mulls reviewing retirement age. Retrieved from http://www.thesundaily.my/news/2018/10/03/govt-mulls-reviewing-retirement-ageSearch in Google Scholar

The World Bank. (2019, March). The World Bank In Malaysia. Retrieved from https://www.worldbank.org/en/country/malaysia/overviewSearch in Google Scholar

Tung, L. C., & Comeau, J. D. (2012). Perceived benefits and drawbacks of the retirement age policy in Malaysia: HR perspective. International Journal of Business and Management, 7(19), 1.10.5539/ijbm.v7n19p1Search in Google Scholar

Van Rooij, M. C., Lusardi, A., & Alessie, R. J. (2011). Financial literacy and retirement planning in the Netherlands. Journal of Economic Psychology, 32(4), 593-608.10.1016/j.joep.2011.02.004Search in Google Scholar

Van Rooij, M. C., Lusardi, A., & Alessie, R. J. (2012). Financial literacy, retirement planning and household wealth. The Economic Journal, 122(560), 449-478.10.1111/j.1468-0297.2012.02501.xSearch in Google Scholar

Van Solinge, H. (2013). Adjustment to retirement. The Oxford handbook of retirement, 311-324.10.1093/oxfordhb/9780199746521.013.0117Search in Google Scholar

Wang, M., & Shi, J. (2014). Psychological research on retirement. Annual review of psychology, 65, 209-233.10.1146/annurev-psych-010213-115131Search in Google Scholar

Wata, L., Kamau, C., & Bett, B. (2015). Determinants of Employees Attitude towards Retirement in the Energy Sector in Kenya; a Case of Kenya Pipeline Company. International Journal of Scientific and Research Publications.Search in Google Scholar

Wati, H. (2011). The Effectiveness of Indonesian English Teachers Training Programs in Improving Confidence and Motivation. International Journal of Instruction, 4(1), 79-104.Search in Google Scholar

Yusoff, S. N., & Buja, G. A. (2013). Aged society: The way forward. International Journal of Trade, Economics and Finance, 4(4), 226.10.7763/IJTEF.2013.V4.291Search in Google Scholar

Zazili, A. S. A., Ghazali, M. F. B., Bakar, N. T. B. A., Ayob, M. B., & Samad, I. H. B. A. (2017). Retirement Planning: Young Professionals in Private Sector. Paper presented at the SHS Web of Conferences.Search in Google Scholar