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- Title
The determinants of recovery from the Black Saturday bushfire: demographic factors, behavioural characteristics and financial literacy.
- Authors
Asbi, 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.
- Subjects
FINANCIAL literacy; WILDFIRES; LOSS aversion; ECONOMIC indicators; NATURAL disasters
- Publication
Accounting & Finance, 2020, Vol 60, Issue 1, p15
- ISSN
0810-5391
- Publication type
Article
- DOI
10.1111/acfi.12575