Asbi, Ammar, Ramiah, Vikash, Yu, Xi, Wallace, Damien, Moosa, Nisreen, and Reddy, Krishna (2020) The determinants of recovery from the Black Saturday bushfire: demographic factors, behavioural characteristics and financial literacy. Accounting and Finance, 60 (1). pp. 15-46.

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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.

Item ID:	75752
Item Type:	Article (Research - C1)
ISSN:	1467-629X
Keywords:	Bushfire; Black Saturday; Behavioural finance; Financial literacy; Demographic factors
Copyright Information:	© 2019 Accounting and Finance Association of Australia and New Zealand.
Date Deposited:	22 Aug 2022 23:44
FoR Codes:	35 COMMERCE, MANAGEMENT, TOURISM AND SERVICES > 3502 Banking, finance and investment > 350201 Environment and climate finance @ 33% 35 COMMERCE, MANAGEMENT, TOURISM AND SERVICES > 3502 Banking, finance and investment > 350205 Household finance and financial literacy @ 33% 35 COMMERCE, MANAGEMENT, TOURISM AND SERVICES > 3502 Banking, finance and investment > 350202 Finance @ 34%
SEO Codes:	11 COMMERCIAL SERVICES AND TOURISM > 1102 Financial services > 110201 Finance services @ 100%
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