Main Article Content
Purpose- This paper aims to determine the impact of the COVID-19 pandemic on the student’s financial and emotional aspect at one of Malaysia's higher learning institutions (HLI).
Design/Methodology- The data collected from the online questionnaires involved 397 students and were analyzed using SPSS.
Findings- The findings showed a significant positive association between all variables where the strength range was from r=.556 to r=.565. The highest correlation is the financial aspect (r-value .565) and is followed by the emotional aspect (.556). Next, the results also revealed that both variables were significantly influenced where the R² value was 47.1% while other factors explained the additional 53% of the element.
Practical Implications- There are some significant implications identified in this study. First, this study's findings directly impacted the COVID-19 pandemic, especially in terms of financial support and the emotional aspect. Second, the result indicated that the university should also consider other internal and external aspects rather than focus only on improving the learning process. Third, this study would enrich the current body of knowledge about the impact of COVID-19.
This work is licensed under a Creative Commons Attribution 4.0 International License.
Al-Rabiaah, A., Temsah, M. H., Al-Eyadhy, A. A., Hasan, G. M., Al-Zamil, F., Al-Subaie, S., ... & Somily, A. M. (2020). Middle East Respiratory Syndrome-Corona Virus (MERS-CoV) associated stress among medical students at a university teaching hospital in Saudi Arabia. Journal of Infection and Public Health, 13(5), 687-691. https://doi.org/10.1016/j.jiph.2020.01.005 DOI: https://doi.org/10.1016/j.jiph.2020.01.005
Aristovnik, A.; Keržič, D.; Ravšelj, D.; Tomaževič, N.; Umek, L. (2020). Impacts of the COVID-19 Pandemic on Life of Higher Education Students: A Global Perspective, Sustainability, 12(8438), 1-34. DOI: https://doi.org/10.3390/su12208438
Bodvarsson, O.B., & Walker, R.L. (2004). Do parental cash transfers weaken performance in college?, Economics of Education Review, 23(5), 483-495. DOI: https://doi.org/10.1016/j.econedurev.2003.11.009
Brooks, S.K.; Webster, R.K.; Smith, L.E.; Woodland, L.; Wessely, S.; Greenberg, N.; Rubin, G.J. (2020). The psychological impact of quarantine and how to reduce it: Rapid review of the evidence, Lancet, 395, 912–920. DOI: https://doi.org/10.1016/S0140-6736(20)30460-8
Cao, W.; Fang, Z.; Hou, G.; Han, M.; Xu, X.; Dong, J.; Zheng, (2020). The psychological impact of the COVID-19 epidemic on college students in China. J. Psychiatry Res., 287:112934. doi: 10.1016/j.psychres.2020.112934. DOI: https://doi.org/10.1016/j.psychres.2020.112934
Cohen, J. (1988). Statistical power analysis for the behavioral science (2nd edition). Hillsdale, NJ: Lawrence Erlbaum.
Creswell, J. W. (2005). Educational research: Planning, conducting, and evaluating quantitative and qualitative research. Upper Saddle River, New Jersey: Pearson Education, Inc.
Crispim, J. S.; Vaz, M. G. M. V.; Pereira, K. F.; da Silva, J. D.; da Silva Duarte, V.; Sanches, N. M.; Mantovani, H. C.; Dos Santos, M. T.; Peluzio, L. E.; Dos Santos, J. K.; de Paula, S. O. (2021). Teaching learning: a mutual exchange between high school and graduate students in the field of microbiology, FEMS Microbiology Letters, 368(1). https://doi.org/10.1093/femsle/fnaa199 DOI: https://doi.org/10.1093/femsle/fnaa199
Edirisuriya, P. (2015). The Predictive Power of Financial Variables: New Evidence from Australia, Australasian Accounting, Business and Finance Journal, 9(1), 57-70. doi:10.14453/aabfj.v9i1.5 DOI: https://doi.org/10.14453/aabfj.v9i1.5
Elmer, T.; Mepham, K.; Stadtfeld, C. (2020). Students under lockdown: Comparisons of students’ social networks and mental health before and during the COVID-19 crisis in Switzerland. PLoS ONE, 15, 1–22. DOI: https://doi.org/10.31234/osf.io/ua6tq
Faulk, D.; Srinivasan, A.; Bingham, J. (2010). Sources of Financial Support and Academic Performance in Economics Principles Courses, SSRN Electronic Journal, pp. 1-33. DOI: 10.2139/ssrn.1711172. DOI: https://doi.org/10.2139/ssrn.1711172
Gewin, V. (2020). Five tips for moving teaching online as COVID-19 takes hold, Nature, 580(7802), 295-296. doi:10.1038/d41586-020-00896-7 DOI: https://doi.org/10.1038/d41586-020-00896-7
Gläser-Zikuda, M., Fuß, S., Laukenmann, M., Metz, K. and Randler, C. (2005). Promoting Students’ Emotions and Achievement – Conception and Evaluation of the ECOLE Approach. Learning and Instruction, 15, 481-495. DOI: https://doi.org/10.1016/j.learninstruc.2005.07.013
Gliner, J. A., Morgan, G. A. & Leech, N. L. (2009). Research method in applied settings: An integrated approach to design and analysis. New York, NY: Taylor & Francis.
Grubic, N.; Badovinac, S.; Johri, A.M. (2020) Student mental health in the midst of the COVID-19 pandemic: A call for further research and immediate solutions. Int. J. Soc. Psychiatry, 66, 517–518. DOI: https://doi.org/10.1177/0020764020925108
Gutiérrez, T. (2020). How to Pay for Your Studies during the Coronavirus Outbreak. Retrieved from https://www.mastersportal.com/articles/2791/how-to-pay-for-your- studies-during-the-coronavirus- outbreak.html on 12 December 2020.
Hair, J.F., Jr, Black, W.C., Babin, B.J. and Anderson, R.E. (2009), Multivariate Data Analysis, 7th Ed., Prentice Hall, Upper Saddle River, NJ.
Irfan, M.; Shabana, N. K. (2012). Factors Affecting Students’ Academic Performance, Global Journal of Management and Business Research, 12(9), 17-22. Online ISSN: 2249-4588 & Print ISSN: 0975-5853.
Jayawardhena, C.; Kuckertz, A.; Karjaluoto, H.; Kautonen, T. (2009). Antecedents to permission based mobile marketing: An initial examination. European Journal of Marketing, 43(3/4), 473-499. DOI: https://doi.org/10.1108/03090560910935541
Kafka. A. (2020). Shock, fear, and fatalism: as coronavirus prompts colleges to close, students grapple with uncertainty. Accessed: July 19, 2020: https://www.chronicle.com/article/Shock-FearFatalism- As/248240.
Kawano, S.; Kakehashi, M. (2015). Substantial impact of school closure on the transmission dynamics during the pandemic flu H1N1-2009 in Oita, Japan, PLoS One, 10(12), 1–15. https://doi.org/10.1371/journal.pone.0144839. DOI: https://doi.org/10.1371/journal.pone.0144839
Laukenmann, M., Bleicher, M., Fuß, S., Gläser-Zikuda, M., Mayring, P. and Rhöneck, C. (2003). An Investigation on the Influence of Emotions on Learning in Physics. International Journal of Science Education 25, 489-507. DOI: https://doi.org/10.1080/09500690210163233
Lyons, A. C. (2004). A Profile of Financially At-Risk College Students. The Journal of Consumer Affairs, 38, 56-80. DOI: https://doi.org/10.1111/j.1745-6606.2004.tb00465.x
Lyons, A.C. (2003). Credit Practices and Financial Education Needs of Midwest College Students. Champaign, IL‖, Department of Agricultural and Consumer Economics, University of Illinois at Urbana-Champaign.
Munnukka, J. (2007). Characteristics of early adopters in mobile communications markets. Marketing Intelligence & Planning, 25(7), 719-731. DOI: https://doi.org/10.1108/02634500710834188
Naim, A. M.; Abd. Hamid, M. L.; Haji Wahab, M. Z. (2019). The Roles of Lifestyle, Future Need and Customer Preferences in Customer’s Satisfaction on Islamic Banks Products and Services. Journal of Muamalat and Islamic Finance Research, 16(2), 60-76. DOI: https://doi.org/10.33102/jmifr.v16i2.223. DOI: https://doi.org/10.33102/jmifr.v16i2.223
Nguyen, D. V; Pham G. H; Nguyen D.N., (2020). Impact of the Covid-19 pandemic on perceptions and behaviors of university students in Vietnam, Data in Brief, 31, 1-6. https://doi.org/10.1016/j.dib.2020.105880 DOI: https://doi.org/10.1016/j.dib.2020.105880
Nnamani, C. N.; Dikko, H. G.; Kinta, L. M (2014). Impact of Students’ Financial Strength on their Academic Performance: Kaduna Polytechnic Experience. An International Multidisciplinary Journal, 8 (1), Serial No. 32, 83-98. DOI: http://dx.doi.org/10.4314/afrrev.v8i1.7. DOI: https://doi.org/10.4314/afrrev.v8i1.7
OECD (2020). A framework to guide an educational response to the COVID-19 Pandemic of 2020, Retrieved from https://read.oecd-ilibrary.org/view/?ref=126_126988-t63lxosohs&title=A framework-to-guide-an-educationresponse-to-the-Covid-19-Pandemic-of-2020, p. 7.
Pallant, J. (2013). SPSS survival manual. A step by step guide to data analysis using IBM SPSS. United Kingdom, UK: McGraw-Hill Education.
Pekrun, R.; Götz, T.; Titz, W.; Perry, R. P. (2002). Academic Emotions in Students’ Self Regulated Learning and Achievement: A program of qualitative and quantitative research. Educational Psychologist, 37, 91-105. DOI: https://doi.org/10.1207/S15326985EP3702_4
Pintrich, P. R.; Marx, R. W.; Boyle, R. A. (1993). Beyond Cold Conceptual Change. The Role of Motivational Beliefs and Classroom Contextual Factors in the Process of Conceptual Change. Review of Educational Research, 63, 167-199. DOI: https://doi.org/10.3102/00346543063002167
Porter, C. E.; Donthu, N. (2006). Using the technology acceptance model to explain how attitudes determine internet usage: The role of perceived access barriers and demographics. Journal of Business Research, 59(9), 999-1007. DOI: https://doi.org/10.1016/j.jbusres.2006.06.003
Pradeep, S. (2020). Closure of Universities Due to Coronavirus Disease 2019 (COVID-19): Impact on Education and Mental Health of Students and Academic Staff, Cureus article, 12(4): e7541. DOI 10.7759/cureus.7541.
Preedy V.R.; Watson R.R. (2010). 5-Point Likert Scale. In (eds) Handbook of Disease Burdens and Quality of Life Measures. Springer, New York, NY. https://doi.org/10.1007/978-0-387-78665-0_6363. DOI: https://doi.org/10.1007/978-0-387-78665-0_6363
Reynolds, M. (2020). What is coronavirus and how close is it to becoming a pandemic?. (Accessed date 27, December 2020). Available online at //www.wired.co.uk/article/china-coronavirus.
Sekaran, U.; Bougie, R. (2016). Research methods for business: a skill-building approach (7th ed.). Haddington: John Wiley & Sons.
Sundarasen, S.; Chinna, K.; Kamaludin, K.; Nurunnabi, M.; Baloch, G. M.; Khoshaim, H.B.; Abid Hossain, S. F.; Sukayt, A. (2020). Psychological Impact of COVID-19 and Lockdown among University Students in Malaysia: Implications and Policy Recommendations, Int. J. Environ. Res. Public Health, 17(6206), 1-13. doi:10.3390/ijerph17176206. DOI: https://doi.org/10.3390/ijerph17176206
Shehzadi, S.; Nisar, Q.A.; Hussain, M.S.; Basheer, M.F.; Hameed, W.U.; Chaudhry, N.I. (2020). The role of digital learning toward students' satisfaction and university brand image at educational institutes of Pakistan: a post-effect of COVID-19, Asian Education and Development Studies, 10(2), 276-294. https://doi.org/10.1108/AEDS-04-2020-0063. DOI: https://doi.org/10.1108/AEDS-04-2020-0063
Singh, S. (2014). Customer perception of mobile banking: An empirical study in National Capital Region Delhi. Journal of Internet Banking and Commerce, 19(3), 2-23. DOI: https://doi.org/10.1504/IJFSM.2014.063955
Statista (2020). Impact of the COVID-19 Pandemic on Work and Studies in Singapore as of March 2020. Retrieved from https://www.statista.com/statistics/1112253/singapore-impact-on-jobs-and-studies-duringcovid-19/.
Selye H. (1976). Stress in health and disease, Butterworth’s, Inc.Boston, MA:
THE. (2020a). The COVID-19 crisis and international students. Retrieved from https://www.insidehighered.com/views/2020/03/19/higher-ed-institutions-arent-supporting- international-students-enough on July 19, 2020.
THE. (2020b). Educating despite the COVID-19 outbreak: lessons from Singapore. Retrieved from https://www.timeshighereducation.com/blog/educating-despite-Covid-19-outbreak-lessons- Singapore on March 20, 2020.
THE. (2020c). Will the coronavirus make online education go viral?. Retrieved from https://www.timeshighereducation.com/features/will-coronavirus-make-online-educationgo-viral on March 24, 2020.
Tsai, C.; Zhu, D.; Jang, Y. (2013). A study on the consumer adoption behaviors of internet bank. Journal of Networks, 8(12), 2956-2963. DOI: https://doi.org/10.4304/jnw.8.12.2956-2963
UNESCO. (2020). COVID-19 Educational Disruption and Response. Retrieved from https://en.unesco.org/Covid19/educationresponse.
Wahab, M. Z. (2018). Perception of the Takaful Operators’ Performance towards Customer’s Intention in Using Medical Takaful Card among Public Sector. Journal of Islamic Marketing, 9(3), 527- 543. DOI: https://doi.org/10.1108/JIMA-10-2016-0076. DOI: https://doi.org/10.1108/JIMA-10-2016-0076
Wahab, M. Z.; Tajuddin, A. M. (2019). The Roles of Health Awareness and Knowledge in Medical Takaful Purchase Intention, The International Journal of Banking and Finance, 14, 95-116.
Wang, G.; Zhang, Y.; Zhao, J.; Zhang, J.; Jiang, F. (2020) Mitigate the effects of home confinement on children during the COVID-19 outbreak. Lancet, 395, 945–947. DOI: https://doi.org/10.1016/S0140-6736(20)30547-X
Wheeler, C.C.; Erhart, L. M.; Jehn, M. L. (2010). Effect of school closure on the incidence of influenza among school age children in Arizona. Public Health Rep., 125:851859. 10.1177/003335491012500612 DOI: https://doi.org/10.1177/003335491012500612
World Health Organization (2020, March 23). WHO announces COVID-19 outbreak a pandemic. Retrieved from http://www.euro.who.int/en/health-topics/health-emergencies/coronavirus-Covid- 19/news/news/2020/3/who-announces-Covid-19outbreak-a-pandemic.
World Health Organization (2021, May 3). WHO Coronavirus (COVID-19) Dashboard, Retrieved from https://covid19.who.int/on 3 May 2021.