The determinants of recovery from the Black Saturday bushfire: demographic factors, behavioural characteristics and financial literacy
Journal Publication ResearchOnline@JCUAsbi, Ammar;Ramiah, Vikash;Yu, Xi;Wallace, Damien;Moosa, Nisreen;Reddy, Krishna
Abstract
We investigate the contribution of demographic factors, behavioural characteristics and financial literacy to recovery from the financial losses inflicted by the Black Saturday bushfire. Behavioural characteristics (such as overconfidence, self-serving and loss aversion biases) in conjunction with bushfire survivors’ knowledge of financial indicators are used to determine recovery time. Data are collected through in-depth interviews with bushfire survivors, academics and experts in natural disasters. The results show that demographic, behavioural and financial literacy factors have the potential to enhance the recovery process.
Journal
Accounting and Finance
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N/A
Volume
60
ISBN/ISSN
1467-629X
Edition
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Issue
1
Pages Count
32
Location
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Publisher
Wiley-Blackwell
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Publisher Location
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Publish Date
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Url
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Date
N/A
EISSN
N/A
DOI
10.1111/acfi.12575