Factors influencing the intention to make Malaysia a second home:
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Date
2012
Authors
Khu, Shin Yuin
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Abstract
Second home or overseas retirement schemes are very common concepts in Europe and North America. The subject was mainly studied by researchers in those regions although there were also some researches conducted in South Africa and China. Over the years, Malaysian government is promoting Malaysia My Second Home (MM2H) program to attract more foreigners of all ages to make Malaysia as their second home. However, the total number of participants is still considered low. Furthermore, the Japanese and Indonesians were responding differently to the program even though both are countries from high-risk zone. Therefore, the purpose of this study was to: (a) examine the factors influencing the intention of Japanese and Indonesians in considering Malaysia as their second home and (b) examine whether the nationality of Japanese or Indonesian moderate the relationship between the influencing factors and intention to consider Malaysia as a second home. Quantitative method was applied to analyze the primary data collected using survey questionnaire. The results of hierarchical regression analysis revealed that political status, social environment and retirement life were among the factors positively and significantly related to intention to consider Malaysia as second home. On the other hand, attraction, safety and security and economic environment were not significant. Additionally, moderating effect of nationality on the relationships between independent variables and intention to consider Malaysia as second home was also found to be insignificant. The theoretical and practical implications of this study as well as suggestions for future research are also provided at the end of the paper. As a conclusion, if the Malaysian government intends to attract more Japanese and Indonesian second home owners and hence increased foreign direct investment, they have to reconsider the aspects of legal, political, social rules and regulations as well as the welfare policy for the elderly.
Description
Master
Keywords
Business administration , Second home , Malaysia