Investigating the role of accounting and human resource management systems in household financial decision-making
Investigating the role of accounting and human resource management systems in household financial decision-making

Summary/Abstract: The importance of household financial management is increasing day by day in today’s world. Today, the share of instruments available in financial markets in the household asset portfolio is increasing. However, household investments are affected by the limitations related to cognitive factors and emotions and behavioral biases. The most important dimension of cognitive factors affecting household investment is related to the issue of mental decision-making, which is modeled in this article through four variables of mental budgeting, current income, current assets and future income. Given the importance of the subject, the present study has examined the relationships between mental accounting, financial self-efficacy, financial attitude and financial behavior. The statistical population of the study was urban households in Uzbekistan and a sample size of 360 household heads was determined using the Cochran formula during 2024. This study is of an applied type in terms of purpose, descriptive-correlation in terms of method of conduct and survey-cross-sectional in terms of data collection method. The results of the study indicate that there is a positive and significant relationship between mental accounting and financial self-efficacy, as well as between mental accounting and financial attitude. In addition, the results of the study indicate a positive and significant relationship between financial attitude and financial decision-making in the household. Finally, to more accurately assess the economic situation of the household, it is essential that families analyze their financial transactions properly and, with appropriate planning, move towards improving and achieving financial goals. By using appropriate financial tools and legal advice, one can achieve greater efficiency in financial management and contribute to the economic security of the household.

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