Narit Kerdvimaluang & Jantima Banjongprasert
This research aims to analyze the effect of financial capability on saving plan intention and the effect of risk-oriented factor on saving plan intention. In mediating effect, the effect of saving plan intention as the mediator between financial capability and saving behavior. The effect of saving plan intention as the mediator between risk-oriented factor and saving behavior. The research was organized from 400 worker survey data (300 Thais, 100 foreigners) working in Thailand in various occupations. This research analysis method was analyzed by using Structural Equation Modeling (SEM) Amos. The finding indicated that financial capability has a positive effect on saving plan intention (0.560), and the effect of risk-oriented factors has positive effect on saving plan intention (0.700) as well. There is the direct effect from financial capability on saving behavior (0.599). Risk-oriented factors provides the direct effect to saving behavior (0.486). Thereby, employees focus on the knowledge development of financial capability and risk-oriented factors to provide higher ability to develop saving plan intention and saving behavior for successful retirement financial planning. This research helps people to understand the relationship of financial capability, risk-oriented, saving plan intention, saving behavior on retirement financial planning. This study makes a great contribution of comprehensive model to explain about financial behavior on retirement planning.