The Impact of Video-Vignettes to Enhance the Financial Literacy Level of Ecuadorian University Students

2019 ◽  
Author(s):  
Silvia Mariela Méndez Prado ◽  
Patricia Everaert ◽  
Martin Valcke
Keyword(s):  
University Students ◽  
Financial Literacy ◽  
Video Vignettes ◽  
Literacy Level ◽  
The Impact

scholarly journals The Impact of Islamic Economics and Finance Courses on Islamic Financial Literacy

2020 ◽  
Vol 13 (2) ◽  
pp. 197
Author(s):  
Mohamad Fany Alfarisi ◽  
A. Agestayani ◽  
Silvi Delfiani
Keyword(s):  
University Students ◽  
Financial Literacy ◽  
Public Universities ◽  
Quantitative Approach ◽  
Financial Knowledge ◽  
Primary Data ◽  
Economics Courses ◽  
The Impact ◽  
Self Administered Questionnaire

<p class="Abstract">The present study seeks to investigate the impact of Islamic economics courses on Islamic financial literacy of university students. Additionally, it intends to compare Islamic financial literacy of those who have taken Islamic economics and finance courses and those who have not. With respect to the approach, the current study employed a quantitative approach to explain the linkage between the two variables. The population of the present study was all currently enrolled students of public universities in Padang particularly those from the faculty of economics and business. A self-administered questionnaire had been used to collect primary data. From the total distributed questionnaire, 300 of them were completed and included in the sample. As a result the respond rate is 71.3%. The results show 145 respondents are in the category of having poor Islamic financial knowledge, while 155 respondents are in the category of moderate From 145 respondents with poor Islamic financial knowledge 79  respondents (66%) have (not) taken (any) Islamic economics and finance courses. From 155 respondents with moderate financial knowledge 114 respondents (41%) have not taken any Islamic economics and finance courses. The findings of the present study suggest that most respondents can be categorized as having moderate knowledge and attending formal Islamic economics and finance courses can positively contribute to have a greater level of Islamic financial literacy.</p>

scholarly journals Personal Financial Literacy among University Students studying Engineering

2020 ◽  
Vol 8 (8) ◽  
pp. 669-692
Author(s):  
Sirli Mändmaa
Keyword(s):  
University Students ◽  
Financial Literacy ◽  
Academic Discipline ◽  
Financial Education ◽  
Future Research ◽  
Financial Responsibility ◽  
Survey Results ◽  
The Individual ◽  
The Impact ◽  
A Current

Nowadays financial literacy is essential as in a society much of the financial responsibility has shifted from governments to the individual. The findings of earlier studies show that university students are not knowledgeable about personal finance and their financial skills needs improvement. This study analyzed the survey results of 536 university students to assess the financial literacy, the impact of educational and demo-graphical characteristics to the participants' financial literacy, and the students' financial opinions and choices. Results of regression analyze showed that statistically significant impact to the financial literacy had factors: academic discipline, level of education, gender, nationality, age and the choices to have a current account, a debit card, and investment services. Students studied in the Faculty of Civil Engineering compared to others, had higher knowledge in finance, especially female students. These results of study give the direction for future research and enable to enhance financial education. 

scholarly journals Assessing the Effect of Financial Literacy on Investors Decisions Making

2019 ◽  
Vol 8 (10) ◽  
pp. 3120-3124
Keyword(s):  
Decision Making ◽  
Financial Literacy ◽  
Demographic Factors ◽  
Indian Economy ◽  
Economic Profile ◽  
Literacy Level ◽  
The Impact

Indian economy has made its growth at an accelerating pace over the last decade. The study aims to assess literacy level of investors. The association between demographic, socio-economic profile of investors and their financial literacy level has been studied. The study also finds that whether literacy of investors have any effect on decision making of investors. To see the impact of demographic factors on financial literacy level, regression is performed. The result of the study states that decision of investors is significantly affected by literacy and knowledge of investors regarding financial terms.

Evaluating the effects of sociodemographic characteristics and financial education on saving behavior

2020 ◽  
Vol 40 (11/12) ◽  
pp. 1423-1438 ◽  
Author(s):  
Mouna Amari ◽  
Bassem Salhi ◽  
Anis Jarboui
Keyword(s):  
Risk Aversion ◽  
Financial Literacy ◽  
Financial Education ◽  
Well Being ◽  
Mediating Effect ◽  
Content Type ◽  
Saving Behavior ◽  
Literacy Level ◽  
Education Training ◽  
The Impact

PurposeThe objective of this study is to explore the effects of financial literacy level and risk aversion on the saving behavior. The literature review showed dialectical results. Therefore, this study attempts to clarify the debatable of these results by studying the mediating effect of risk aversion on the relationships between demographics determinants and saving behavior moderated by the effect of the financial literacy level.Design/methodology/approachThe data were collected from the University of Normandy; the study sample included 516 respondents representing different segments of French households. The structural equation analysis was utilized to control the impact of financial literacy as a moderate variable and the risk aversion as a mediator variable among the link between sociodemographic factors and saving behavior.FindingsThe results demonstrated that there were significant effects of demographics factors on risk aversion. Moreover, financial literacy moderates the relationships between risk aversion and saving behavior.Research limitations/implicationsThe major limitation of this research is the small size of the study sample. This paper is restricted to French households. Future financial education training should cover the European context.Practical implicationsThis study provides further evidence that financial literacy should be considered an important factor for improving household well-being. The paper encourages governments and financial institutions to create a national financial education program.Originality/valueThis paper is the first attempt to employ a sample of low-income households after financial education training in the French context.

Is financial education an effective means to improve financial literacy? Evidence from rural China

2019 ◽  
Vol 80 (3) ◽  
pp. 305-320
Author(s):  
Huanhuan ZHang ◽  
Xueping Xiong
Keyword(s):  
Financial Literacy ◽  
Financial Education ◽  
Education Level ◽  
Evaluation Index System ◽  
Risk Level ◽  
Rural Residents ◽  
Content Type ◽  
Self Selection ◽  
Literacy Level ◽  
The Impact

Purpose Using survey data from Shandong, Henan and Guizhou provinces of China, the purpose of this paper is to accurately measure the impact of rural residents’ financial education on financial literacy. Design/methodology/approach This paper chooses one province from the Eastern, Central and Western Regions of China, namely, Shandong, Henan and Guizhou, respectively, and 1,565 samples are obtained through a questionnaire survey. First, the paper constructs a financial literacy assessment framework and, then, scores the financial literacy of the respondents. Second, using ordinary least squares, feasible generalized least squares method and forward search method, the paper estimates the impact factors of financial literacy level. To avoid sample selection errors and endogeneity problems, the authors divide the respondents into treatment group (participated in financial education) and control group (non-participating in financial education) and, then, adopt propensity score matching (PSM) to analyze the impact of rural residents’ financial education on financial literacy. Findings The results show that education level and risk level have significant impact on rural residents’ participation in financial education, and some unobservable abilities and qualities also affect their participation. Therefore, the process of rural residents’ participation in financial education exists, which gives rise to self-selection and endogeneity problems; financial education is promoting rural residents’ financial literacy, but the effect of promotion becomes smaller after taking into account sample self-selection and endogenous problems. Rural residents of female, higher age, single, higher education level, higher parental education level, agricultural type, higher family annual per capita income and lower risk level show stronger effects on their financial literacy level, if they participate in financial education. Research limitations/implications The survey sample was drawn from three provinces randomly but the site selection was not random. The implication is in rural China, financial education has positive effect on residents’ financial literacy level but considering the sample self- selection and endogenous nature, its impact becomes smaller. Practical implications The government should encourage rural residents to participate fully in financial education activities, especially those with a low educational level, low risk preference and mainly engaged in agricultural production. Originality/value The effect of financial education on financial literacy has not reached a consistent conclusion, and there is fewer quantitative discussion about this issue. The originality of this paper is based on the Organization for Economic Co-operation and Development evaluation index system; this paper constructs the evaluation index system of rural residents’ financial literacy in China and uses the PSM method to accurately measure the effect of financial education on financial literacy.

scholarly journals Analyzing the factors influencing university students' financial literacy

2019 ◽  
Vol 7 (7) ◽  
pp. 465-497
Author(s):  
Sirli Mändmaa
Keyword(s):  
University Students ◽  
Financial Literacy ◽  
Financial Services ◽  
Academic Discipline ◽  
Financial Education ◽  
Daily Basis ◽  
Bank Loan ◽  
Male Students ◽  
Future Research ◽  
The Impact

Financial literacy is necessary skill for life that could be improved through financial education. To enhance financial education, it is important to examine more deeply how students' financial knowledge and personal background affects their views on personal finance issues and financial decision making. This study analyzing the questionnaire survey results of 522 university students to assess the relationships between the financial literacy and students' financial opinions and choices; and the impact of educational and demographical characteristics to the participants' financial literacy, opinions and choices. Results of regression analyze show that statistically significant impact on the financial literacy have factors as gender, nationality, academic discipline, and financial choices and opinion, as holding a debit card, a bank loan, plan the financial affairs in advance on a daily basis and an interest to get more information about financial services and monetary affairs. Students studying in the science or mathematics oriented subjects have more knowledge in finance, especially male students. These results of study enable to develop financial education and give the direction for future research.

scholarly journals The Impact of Financial Literacy on the Investment Decision of Non-Donation-Based Crowdfunding in Indonesia

2021 ◽  
Vol 21 (3) ◽  
pp. 1045-1057
Author(s):  
Jihan Nadra Arifah ◽  
Zuliani Dalimunthe
Keyword(s):  
Financial Literacy ◽  
Investment Decision ◽  
Binary Logistic Regression ◽  
Income Group ◽  
Age Group ◽  
Younger Age ◽  
Market Product ◽  
Literacy Level ◽  
The Impact

The present study investigates the heterogeneity of the financial literacy level between backers and  nonbackers of non-donation-based crowdfunding in Indonesia and how the financial literacy relates to the country’s decision to invest through non-donation crowdfunding. We choose Indonesia for a case study because non-donation crowdfunding has become a new investment mode recently in this area. The study extends the analysis to the predictors of financial literacy and its impact on the investment decision of nondonation crowdfunding. The hypotheses are examined through binary logistic regression. The study’s findings are as follows. First, there is heterogeneity in the financial literacy level between backers and nonbackers. Second, the financial literacy level is found to be affected by residence, education, income, and stock market product ownership. Third, investors in crowdfunding have a tendency to be in the younger age group. Fourth, males have a higher tendency to invest in non-donation crowdfunding than females, despite the lack of difference in financial literacy between them. Fifth, individuals in the lowest income group are more likely to invest in non-donation crowdfunding than individuals with larger incomes.

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