Title

The determinants of recovery from the Black Saturday bushfire: demographic factors, behavioural characteristics and financial literacy

RIS ID

140333

Publication Details

Asbi, A., Ramiah, V., Yu, X., Wallace, D., Moosa, N. & Reddy, K. 2019, 'The determinants of recovery from the Black Saturday bushfire: demographic factors, behavioural characteristics and financial literacy', Accounting and Finance,

Abstract

2019 Accounting and Finance Association of Australia and New Zealand 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.

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Link to publisher version (DOI)

http://dx.doi.org/10.1111/acfi.12575