How General Trust in Financial Institutions Affects the Relationship between Economic Healthiness and Consumer Confidence

Research output: Chapter in Book/Report/Conference proceedingArticle in proceedingsResearchpeer-review


Consumer confidence (CC) is of particular interest to economic policy makers and societies at large since CC is often regarded as an indicator of near-term economic growth. While individuals’ economic healthiness (EH) is known as an important predictor of CC, this study adds to previous research by (a) suggesting that this relationship may differ across levels of individuals’ general trust in financial institutions (GTF) and (b) integrating EH, CC, socio-economic variables, and economic knowledge in one study to grasp their potential complex relationships. Based on a survey of 3,185 individuals, we found that GTF has a positive direct influence on CC and that GTF negatively moderates the relationship between EH and CC. Among other results, we also found that both economic knowledge and educational level negatively moderates the relationship between GTF and CC. The study results may be of high interest for policymakers, financial managers, academics and others seeking further insights into consumer confidence (CC).
Original languageEnglish
Title of host publicationProceedings of MAC 2019
EditorsJiri Vopava, Vladimir Douda, Radek Kratochvil, Mario Konecki
Number of pages10
Place of PublicationPrague
PublisherMAC Praque Consulting s.r.o.
Publication date2019
ISBN (Print)9788088085270
Publication statusPublished - 2019
EventMultidisciplinary Academic Conference on Management, Marketing and Economics in Prague 2019 - Prag, Czech Republic
Duration: 13 Dec 201915 Dec 2019


ConferenceMultidisciplinary Academic Conference on Management, Marketing and Economics in Prague 2019
Country/TerritoryCzech Republic
Internet address


  • Consumer confidence
  • Economic healthiness
  • General trust
  • Financial institutions

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