The Impact of Environment and Financial Brain Skills on Financial Action and Financial Well-Bing

Financial crises show that the use of various sciences in solving the problems facing financial researchers seems necessary, in the present study, the impact of environment and financial brain skills on financial action and financial well-bing. In order to collect data, 450 questionnaires were distributed among investors trading on the Tehran stock exchange. Then, 430 questionnaires were collected, and 414 questionnaires were finally accepted and analyzed through structural equation modeling (SEM) by estimating the maximum likelihood in Amos. The research results indicated that activation and behavioral inhibition skills on the financial well-being, respectively, positive and negative impact, furthermore, financial action explained the relationship between activation and behavioral inhibition skills with financial well-being. The results generally showed that the financial environment improved the relationship between the behavioral activation skills and financial action, something which enhanced the sense of financial well-being. The results also the financial environment strengthened the negative effect of the behavioral inhibition skill on financial action and finally decreased financial well-being. Therefore, the findings of this study can be considered by financial advisors and families; Because by understanding how behavioral activation and behavioral inhibition skills are related to financial action and financial well-bing, they can gain a better and more appropriate understanding in order to guide investors to increase financial well-bing.