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Mindfully Aware and Open: Mitigating Subjective and Objective Financial Vulnerability via Mindfulness Practices

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dc.affiliation.dptoUC3M. Departamento de Economía de la Empresaes
dc.affiliation.grupoinvUC3M. Grupo de Investigación: Innovación, Organización y Comercialización de las Empresases
dc.contributor.authorBayuk, Julia
dc.contributor.authorLee, Hyun Jung
dc.contributor.authorPark, Jooyoung
dc.contributor.authorSaka, Serkan
dc.contributor.authorTalukdar, Debabrata
dc.contributor.authorSinha, Jayati
dc.contributor.funderComunidad de Madrides
dc.contributor.funderMinisterio de Ciencia, Innovación y Universidades (España)es
dc.date.accessioned2023-09-25T12:52:20Z
dc.date.available2023-09-25T12:52:20Z
dc.date.issued2022-09-16
dc.description.abstractOur research presents mindfulness as a potential intervention to mitigate financial vulnerability, defined as the ability to handle unexpected future financial setbacks. As potential interventions to mitigate consumer financial vulnerability, we provide a conceptual framework on how two types of mindfulness practices (i.e., non-judgmental awareness and openness to experience) can mitigate the subjective and objective financial vulnerability differently. We suggest ways to manipulate the two types of mindfulness and discuss the results of our initial pilot study, focusing on lower-income consumers. In addition, we propose fruitful avenues for future research and provide recommendations for managers and policymakers to better address consumer financial vulnerability and enhance consumer welfare via mindfulness practiceen
dc.description.sponsorshipThis research has been supported by Madrid Government (Comunidad de Madrid) under the Multiannual Agreement with UC3M in the line of "Fostering Young Doctors Research" (SOCANET-CM-UC3M) and in the context of the V PRICIT Regional Programme of Research and Technological Innovation. Proyectos Interdisciplinares Jóvenes Doctores (2020/00031/002), and Ministerio de Ciencia, Innovación y Universidades, España (2019/00405/001).en
dc.format.extent28es
dc.identifier.bibliographicCitationBayuk, J. B., Lee, H. C., Park, J., Saka, S., Talukdar, D., & Sinha, J. (2022). Mindfully Aware and open: Mitigating subjective and objective financial vulnerability via mindfulness practices. Journal of Consumer Affairs, 56(3), 1284-1311.en
dc.identifier.doihttps://doi.org/10.1111/joca.12474
dc.identifier.issn0022-0078
dc.identifier.publicationfirstpage1284es
dc.identifier.publicationissue3es
dc.identifier.publicationlastpage1311es
dc.identifier.publicationtitleJournal of Consumer Affairsen
dc.identifier.publicationvolume56es
dc.identifier.urihttps://hdl.handle.net/10016/38440
dc.identifier.uxxiAR/0000030916
dc.language.isoengen
dc.publisherWileyen
dc.relation.projectIDGobierno de España. PGC2018-096083-B-I00es
dc.relation.projectIDComunidad de Madrid. SOCANET-CM-UC3Mes
dc.relation.projectIDAT-2022es
dc.rights© 2022 The Authors.en
dc.rightsAtribución 3.0 España*
dc.rights.accessRightsopen accessen
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/es/*
dc.subject.ecienciaEconomíaes
dc.subject.ecienciaEmpresaes
dc.subject.otherConsumer financial vulnerabilityen
dc.subject.otherConsumer well-beingen
dc.subject.otherMindfulness interventionsen
dc.subject.otherNon-judgmental awarenessen
dc.subject.otherOpenness to experienceen
dc.titleMindfully Aware and Open: Mitigating Subjective and Objective Financial Vulnerability via Mindfulness Practicesen
dc.typeresearch article*
dc.type.hasVersionVoR*
dspace.entity.typePublication
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