Adaptation and validation of the financial stress scale in social conflict contexts: a study conducted with small and medium-sized Peruvian entrepreneurs
Introduction Social conflicts have repercussions on the mental health of the economically active population. Objective To adapt and validate the Financial Stress Scale in the context of social conflicts (ESECPS). Method An instrumental study involving 2,242 owners of small and medium enterprises (50...
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| Lenguaje: | inglés |
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2023
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| author | Tito-Betancur, Madona Huayta Meza, Mariné Estefa Turpo Chaparro, Josue Edison Morales Garcia, Wilter Charming Mamani Benito, Oscar Javier |
| author_browse | Huayta Meza, Mariné Estefa Mamani Benito, Oscar Javier Morales Garcia, Wilter Charming Tito-Betancur, Madona Turpo Chaparro, Josue Edison |
| author_facet | Tito-Betancur, Madona Huayta Meza, Mariné Estefa Turpo Chaparro, Josue Edison Morales Garcia, Wilter Charming Mamani Benito, Oscar Javier |
| author_sort | Tito-Betancur, Madona |
| collection | Producción científica |
| description | Introduction Social conflicts have repercussions on the mental health of the economically active population. Objective To adapt and validate the Financial Stress Scale in the context of social conflicts (ESECPS). Method An instrumental study involving 2,242 owners of small and medium enterprises (50.9% women), aged between 18 and 74 years old, selected through a non-probabilistic purposive sampling. The participants were recruited across three regions of Peru during periods of protests and strikes against the incumbent Peruvian government. The instrument for adaptation was the financial stress scale EFEmp-Cov19, created in the context of the COVID-19 pandemic’s impact. Results All items proved to be clear, relevant, and representative (V > 0.70). Exploratory Factor Analysis (EFA) revealed the existence of one underlying factor across the 11 items (KMO = 0.962, Bartlett = 5434.3; df = 55; p < 0.001). However, for Confirmatory Factor Analysis (CFA), items 4 and 11 were removed, resulting in support for a unidimensional model with 9 items ( χ 2 = 262.73, df = 23, p < 0.001; RMR = 0.022; TLI = 0.972; CFI = 0.980; and RMSEA = 0.072). Regarding reliability, a very high value was found ( ω = 0.92). Conclusion The ESECPS demonstrates adequate psychometric properties, making it a suitable measure to assess financial stress among Peruvian entrepreneurs facing economic instability and financial threats in the context of social conflicts. |
| format | Article |
| id | oai:cris.upeu.edu.pe:20.500.15037/834 |
| institution | UPeU |
| language | English |
| publishDate | 2023 |
| publishDateRange | 2023 |
| publishDateSort | 2023 |
| record_format | dspace |
| spelling | oai:cris.upeu.edu.pe:20.500.15037/8342026-10-30T16:41:10ZAdaptation and validation of the financial stress scale in social conflict contexts: a study conducted with small and medium-sized Peruvian entrepreneursTito-Betancur, MadonaHuayta Meza, Mariné EstefaTurpo Chaparro, Josue EdisonMorales Garcia, Wilter CharmingMamani Benito, Oscar JavierPeruValidation StudyFinancial StressSocial ConflictsPolitical ConflictsIntroduction Social conflicts have repercussions on the mental health of the economically active population. Objective To adapt and validate the Financial Stress Scale in the context of social conflicts (ESECPS). Method An instrumental study involving 2,242 owners of small and medium enterprises (50.9% women), aged between 18 and 74 years old, selected through a non-probabilistic purposive sampling. The participants were recruited across three regions of Peru during periods of protests and strikes against the incumbent Peruvian government. The instrument for adaptation was the financial stress scale EFEmp-Cov19, created in the context of the COVID-19 pandemic’s impact. Results All items proved to be clear, relevant, and representative (V > 0.70). Exploratory Factor Analysis (EFA) revealed the existence of one underlying factor across the 11 items (KMO = 0.962, Bartlett = 5434.3; df = 55; p < 0.001). However, for Confirmatory Factor Analysis (CFA), items 4 and 11 were removed, resulting in support for a unidimensional model with 9 items ( χ 2 = 262.73, df = 23, p < 0.001; RMR = 0.022; TLI = 0.972; CFI = 0.980; and RMSEA = 0.072). Regarding reliability, a very high value was found ( ω = 0.92). Conclusion The ESECPS demonstrates adequate psychometric properties, making it a suitable measure to assess financial stress among Peruvian entrepreneurs facing economic instability and financial threats in the context of social conflicts.Articlehttps://pubmed.ncbi.nlm.nih.gov/38155701https://www.frontiersin.org/articles/10.3389/fpsyg.2023.1241005/pdf?isPublishedV2=Falsehttps://doi.org/10.3389/fpsyg.2023.1241005PMC1075300310.3389/fpsyg.2023.1241005https://hdl.handle.net/20.500.15037/83438155701W4389733283enFrontiers in Psychology1664-10782023-12-142026-06-13T09:36:43Z2026-06-13T09:36:43Z |
| spellingShingle | Peru Validation Study Financial Stress Social Conflicts Political Conflicts Tito-Betancur, Madona Huayta Meza, Mariné Estefa Turpo Chaparro, Josue Edison Morales Garcia, Wilter Charming Mamani Benito, Oscar Javier Adaptation and validation of the financial stress scale in social conflict contexts: a study conducted with small and medium-sized Peruvian entrepreneurs |
| title | Adaptation and validation of the financial stress scale in social conflict contexts: a study conducted with small and medium-sized Peruvian entrepreneurs |
| title_full | Adaptation and validation of the financial stress scale in social conflict contexts: a study conducted with small and medium-sized Peruvian entrepreneurs |
| title_fullStr | Adaptation and validation of the financial stress scale in social conflict contexts: a study conducted with small and medium-sized Peruvian entrepreneurs |
| title_full_unstemmed | Adaptation and validation of the financial stress scale in social conflict contexts: a study conducted with small and medium-sized Peruvian entrepreneurs |
| title_short | Adaptation and validation of the financial stress scale in social conflict contexts: a study conducted with small and medium-sized Peruvian entrepreneurs |
| title_sort | adaptation and validation of the financial stress scale in social conflict contexts a study conducted with small and medium sized peruvian entrepreneurs |
| topic | Peru Validation Study Financial Stress Social Conflicts Political Conflicts |
| topic_facet | Peru Validation Study Financial Stress Social Conflicts Political Conflicts |
| url | https://pubmed.ncbi.nlm.nih.gov/38155701 https://www.frontiersin.org/articles/10.3389/fpsyg.2023.1241005/pdf?isPublishedV2=False https://doi.org/10.3389/fpsyg.2023.1241005 https://hdl.handle.net/20.500.15037/834 |
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