scholarly journals Effect of Financial Literacy and Lifestyle of Finance Student Behavior

2019 ◽  
Vol 1 (1) ◽  
pp. 76-86
Author(s):  
Ade Gunawan ◽  
◽  
Chairani Chairani ◽  
Keyword(s):  
Financial Literacy ◽  
Student Behavior ◽  
Financial Behavior ◽  
Coefficient Of Determination ◽  
Business Economics ◽  
Economics Faculty ◽  
And Behavior ◽  
Student Finance ◽  
The Relationship ◽  
North Sumatra

This study aims to examine the relationship between financial literacy and financial behavior of the lifestyle of the student and determine differences in financial literacy, lifestyle and behavior of student finance and business economics faculty. This research is quantitative data collection techniques using questionnaires. Sample used were 100 students consisting of students of the faculty of economics and business Muhammadiyah University of North Sumatra, this study uses judgment sampling. Data were analyzed using classical assumption test, multiple linear regression, t test, F test, and the coefficient of determination. Research shows that financial literacy has no effect on the financial behavior.

scholarly journals Mediation effect of financial attitude on financial knowledge and financial behavior

2020 ◽  
Vol 9 (2) ◽  
pp. 01-08
Author(s):  
Ali Çoşkun ◽  
Nurdilek Dalziel
Keyword(s):  
Financial Literacy ◽  
Structural Equation ◽  
Financial Knowledge ◽  
Mediation Effect ◽  
Financial Behavior ◽  
Equation Modeling ◽  
Literacy Survey ◽  
The Individual ◽  
And Behavior ◽  
The Relationship

In this study, 396 university students in Turkey are surveyed online regarding their attitudes towards financial issues, their level of financial knowledge, and their financial behavior. The latest version of OECD/INFE Financial Literacy Survey (2018) is used in the study. Using SPSS and LISREL. Factor analysis, Cronbach's Alpha, and Structural Equation Modeling (SEM) are used to analyze the relationship between financial knowledge of the participants with their financial attitude and behavior as well as the mediation effect of financial attitude in this relationship. In line with the common wisdom that the relationship between knowledge and behavior is higher if knowledge is better reflected in the attitude of the individual, the mediation effect of financial attitude strengthens the financial knowledge and financial behavior relationship.

scholarly journals Some Insights Into Financial Literacy Among Undergraduate Students: A Case of Bosnia and Herzegovina

2021 ◽  
Vol 12 (3) ◽  
pp. 103
Author(s):  
Jasmina Okicic ◽  
Meldina Kokorovic Jukan ◽  
Mensur Heric
Keyword(s):  
Undergraduate Students ◽  
Financial Literacy ◽  
Sampling Technique ◽  
Financial Education ◽  
Financial Knowledge ◽  
Financial Behavior ◽  
Financial Attitudes ◽  
Significant Difference ◽  
Financial Behaviour ◽  
The Relationship

The purpose of this research is to provide some insights into financial literacy among undergraduate students focusing primarily on the relationship between financial knowledge, financial attitudes and financial behavior and on possible gender and financial education gap in financial literacy. Using the purposive sampling technique, data collection was carried out from April to June 2020, yielding a sample of 1,046 valid responses. To gain a better understanding of the relationship between financial behaviour, financial attitudes and financial knowledge, we, primarily, use exploratory factor analysis and multiple regression model. The research findings have revealed several important issues. First, findings have suggested that financial knowledge, financial attitudes and gender may be considered as an antecedent of the financial behaviour of undergraduate students. Second, findings have also suggested a statistically - significant difference between the financial literacy of undergraduate students concerning their exposure to formal financial education.

scholarly journals Financial Literacy in Japan: New Evidence Using Financial Knowledge, Behavior, and Attitude

2020 ◽  
Vol 12 (9) ◽  
pp. 3683 ◽  
Author(s):  
Yoshihiko Kadoya ◽  
Mostafa Saidur Rahim Khan
Keyword(s):  
Financial Literacy ◽  
Financial Services ◽  
Well Being ◽  
Financial Knowledge ◽  
Financial Behavior ◽  
Economic Factors ◽  
Financial Decisions ◽  
Aged People ◽  
And Behavior ◽  
Socio Economic Factors

Success in the current complex and sophisticated financial marketplaces depends on the ability of people to make sustainable financial decisions to improve their future well-being, for which financial literacy is a pathway. This study examines the relationship between the demographic and socio-economic factors and financial literacy in Japan by segregating financial literacy into financial knowledge, attitude, and behavior, and providing a deeper understanding of the relationships. The methodology included using data from the Financial Literacy Survey 2016 by the Central Council for Financial Services Information of Japan. We used a linear regression model to explain how demographic and socio-economic factors relate to financial knowledge, attitude, and behavior. Results show that education, the balance of financial assets, and the use of financial information are positively related, while the experience of financial trouble is negatively related to financial knowledge, attitude, and behavior. We show that males are more financially knowledgeable than females, but females are more positive than males with regard to financial behavior and financial attitude. Age is positively related to financial knowledge but negatively related to financial attitude, thus suggesting that middle-aged people in Japan are more financially knowledgeable, but younger and older people are more positive with regard to financial behavior and attitude. The findings have implications for policymakers.

scholarly journals ANALISIS LITERASI KEUANGAN MAHASISWA S-1 FAKULTAS EKONOMIKA DAN BISNIS UNIVERSITAS DIPONEGORO ANGKATAN 2014 - 2017

2018 ◽  
Vol 1 (2) ◽  
pp. 54
Author(s):  
Gina Sakinah ◽  
Bagio Mudakir
Keyword(s):  
Undergraduate Students ◽  
Financial Literacy ◽  
Financial Management ◽  
Parental Education ◽  
Descriptive Statistics ◽  
Financial Behavior ◽  
Primary Data ◽  
Personal Finances ◽  
Regression Test ◽  
And Behavior

Financial management failure occurs when students do not have good financial literacy. Students must have good knowledge, attitude, and behavior in managing their personal finances. This study aims to analyze the level of financial literacy of undergraduate students of the Faculty of Economics and Business at Diponegoro University class of 2014 to 2017 and the factors that influence it. Financial literacy in this study uses a financial literacy index consisting of components of the knowledge, attitude, and financial behavior of students. The research data uses primary data with questionnaires and sample of 100 students. Meanwhile, the method used in this study is descriptive statistics and multiple linear regression test (OLS). As a result, the level of student financial literacy is categorized as quite literary, that is 50.4%, influenced by age, GPA, parental education, and length of study. On the other hand, gender and income do not affect student financial literacy.

scholarly journals PERILAKU MASYARAKAT SUNDA MUSLIM DALAM MENGONSUMSI PRODUK HALAL DI KOTA BANDUNG

2018 ◽  
Vol 11 (1) ◽  
pp. 34
Author(s):  
Mulyaningrum Mulyaningrum ◽  
Erik Syawal Alghifari
Keyword(s):  
Hypothesis Test ◽  
Test Reliability ◽  
Coefficient Of Determination ◽  
Observation Data ◽  
Food And Beverage ◽  
Halal Food ◽  
Level Of Knowledge ◽  
The Difference ◽  
And Behavior ◽  
The Relationship

This study aims to analyze the relationship between the level of knowledge and behavior of the Sundanese Muslim community in Bandung about halal food and beverage products. The method used in this research is descriptive and verifikatif. The data were collected using questionnaires, completed with observation. Data analysis using validity test, reliability test, linear regression, correlation, hypothesis test, and coefficient of determination. The correlation test result is 0.376, which shows that it is in the interval 0.20 - 0.399, and the coefficient of determination test shows the influence of 0.142. This means that the influence of knowledge level on the behavior of Muslim sunda society is 14.2%. The difference of 85.8% is the influence of other factors not examined. This figure indicates that the increased knowledge of respondents on halal products will increase the behavior in consuming halal products.

scholarly journals Relation of Financial Literacy with Financial Attitude and Financial Behavior among Tharu Woman Small Borrowers

2021 ◽  
Vol 2 (10) ◽  
pp. 665-676
Author(s):  
Rashesh Vaidya ◽  
Ramseh G.C.
Keyword(s):  
Ethnic Group ◽  
Financial Literacy ◽  
Opportunity Cost ◽  
Financial Behavior ◽  
The Relationship

Tharu are an ethnic group indigenous to the Terai region of Nepal stretching from east to west low-land of Nepal. The Tharu communities are normally residing in most of the districts of the Terai belt of Nepal. The paper tries to find out the relationship between financial literacy with financial attitude and financial behavior among the Tharu community women of Nepal. Hence, the paper has conducted a survey among the Tharu women living at Nawlapur District of Gandaki Province of Nepal. The paper found that Tharu women who are in a saving group, mainly focused on income saving and looking for an opportunity cost. Similarly, Tharu women associated with a saving group, are mainly concerned with the utilization of the credit, they had taken and worked for the repayment of the credit in time. The study also found that financial literacy has highly influenced financial behavior among Tharu women of Nepal. At the same time, the level of financial literacy is not seen as highly influencing the financial attitude among the Tharu women of Nepal.

Family financial socialization, financial information seeking behavior and financial literacy among youth

2020 ◽  
Vol 12 (2) ◽  
pp. 163-181
Author(s):  
Saeed Pahlevan Sharif ◽  
Navaz Naghavi
Keyword(s):  
Financial Literacy ◽  
Information Seeking ◽  
Risk Information ◽  
Financial Information ◽  
Financial Behavior ◽  
Information Seeking Behavior ◽  
Financial Socialization ◽  
Content Type ◽  
Seeking Behavior ◽  
And Behavior

PurposeThis study examined the relationship between financial information seeking behavior and financial literacy, as well as the relationship between parents' teaching and behavior with financial information seeking behavior through the factors of the risk information seeking and processing model among youth.Design/methodology/approachA sample of 802 tertiary education students participated in this cross-sectional study. Using covariance-based structural equation modeling, the model was assessed and hypotheses were tested.FindingsThe results revealed that financial information seeking behavior contributed to youth's financial literacy. While parents' sound financial behavior was directly related to seeking financial information, both parents' financial teaching and behavior indirectly, through the risk information seeking process, encouraged youth to actively seek for financial information. Moreover, parents' financial socialization directly and also indirectly through the risk information seeking and processing model explained youth's financial information avoidance. Among the two parts of the risk information seeking and processing model, planned behavior factors played a more salient role than cognitive need for financial information.Originality/valueThis study extends the risk information seeking and processing model by integrating family financial socialization to the model and applies it in the context of consumers' financial behavior. The results improve our understanding of the social and psychological mechanism that drives consumers' financial literacy and decision-making.

scholarly journals FINANCIAL LITERACY OF THE POPULATION AS A COMPONENT OF SOCIO-ECONOMIC DEVELOPMENT OF THE COUNTRY

2021 ◽  
Author(s):  
Iryna Bodnariuk
Keyword(s):  
Economic Development ◽  
Regression Analysis ◽  
Financial Literacy ◽  
Performance Indicator ◽  
Regression Function ◽  
Financial Inclusion ◽  
Financial Behavior ◽  
Gdp Per Capita ◽  
Coefficient Of Determination ◽  
Per Capita

The article substantiates the theoretical and scientific-methodical principles of financial literacy; it is established that raising the level of financial literacy is a strategic goal of the state to ensure the development of financial inclusion, because only increasing the availability and level of use of services and strengthening consumer protection without raising financial literacy will not give the desired result; It is investigated that financial literacy - knowledge, skills and attitudes necessary to ensure responsible financial behavior and increase financial inclusion Ukrainians; it is established that Ukraine lags behind the leading countries in terms of financial literacy - 11.6 in Ukraine (out of 21 possible points); the regularity of the relationship between the level of financial literacy of the population and the level of its economic development - GDP per capita; in the process of correlation-regression analysis we found a high density of communication (0.7711) between the indicators of the level of financial literacy and GDP per capita. For calculations, we used the built-in functions "correlation" and "regression" of the add-in "Data Analysis" of MS Excel. Namely, using the "correlation" function, we calculated the correlation coefficient. Using the “regression” function, the coefficient of determination, the coefficient of y-section were calculated and the regression equation was constructed, which can be used to calculate the projected value of GDP per capita according to the projected level of financial literacy of the population; The results of regression analysis allow us to conclude that there is a sufficiently close relationship between GDP per capita (performance indicator) and the factor indicator (level of financial literacy), as evidenced by the value of the coefficient of determination - R-square - 0.8843. The coefficient of elasticity shows the percentage change in the average performance (GDP per capita) with a change in the argument x (level of financial literacy) by 1%. The calculated value of the coefficient shows that with an increase in the level of financial literacy by 1%, GDP per capita increases by an average of 4.18%.

scholarly journals Financial Literacy and Financial Satisfaction: A Moderated Mediation Analysis of Self-Esteem and Financial Behavior

2021 ◽  
Vol 19 (1) ◽  
Keyword(s):  
Financial Literacy ◽  
Self Esteem ◽  
Mediation Effect ◽  
Financial Behavior ◽  
Financial Satisfaction ◽  
Policy Makers ◽  
Domain Specific ◽  
The Relationship ◽  
Self Administered Questionnaire

Recent studies suggest that domain-specific behavior contributes to domain-specific satisfaction. It is believed that finance-specific literacy brings positive financial behavior and healthy financial behavior further contributes to financial satisfaction. In general, this study has been undertaken to examine the effect of financial literacy on financial behavior and financial satisfaction. Data have been collected from 326 participants by using a self-administered questionnaire. Linear regression has been applied to test the hypotheses, while Preacher and Hayes method has been used to estimate the moderation and mediation effect. There is less knowledge about the mechanism that may clarify the link between financial literacy and level of financial satisfaction. This paper is the first of its kind in Pakistan to investigate the relationship between financial literacy and individual’s financial satisfaction with intervening role of financial behavior and moderating role of self-esteem. Study findings reveal that financial literacy is significantly related to both financial behavior and financial satisfaction. Further it is also observed that financial behavior plays intervening role in the relationship between financial literacy and financial satisfaction. Findings also reveal that self-esteem does not affect the link between financial behavior of individuals and financial literacy. This study provides several significant implications for individuals, organizations, academicians and policy makers, in the sense that increasing financial literacy is essential to form positive and healthy financial behavior which ultimately increases individual’s financial satisfaction with financial situation.

scholarly journals Psychological analysis of the relationship of monetary installations and strategies of a person financial behavior

2021 ◽  
Vol 10 (4) ◽  
pp. 4369-4378
Author(s):  
A. V. Shperlin ◽  
S. G. Plotnikov ◽  
N. V. Mayborodina
Keyword(s):  
Financial Literacy ◽  
Human Life ◽  
Practical Importance ◽  
Psychological Adaptation ◽  
Financial Behavior ◽  
Russian Society ◽  
Behavioral Strategies ◽  
Study Results ◽  
Low Efficiency ◽  
The Relationship

The article presents study results of the relationship between monetary attitudes and strategies of a person's financial behavior. Factor analysis of the questionnaire by L. P. Tang «Money Ethic Scale» (MES) carried out on the Russian sample allowed identifying 5 agreed factors characterizing the respondent monetary attitudes: «Good», «Freedom», «Power», «Evil», «Budget». The structure of attitudes includes affective, cognitive, and behavioral components. The study reveales that Russian respondents are characterized by a contradictory and extremely emotional attitude towards money: along with the predominance of monetary values and attitude towards money as a supreme good and a symbol of freedom, at the same time there is a perception of money as an absolute evil, and a conviction of their harm to human life. The data obtained in the study indicate the prevalence of consumer, savings and debt models of financial behavior among the respondents, which can be explained by the peculiarities of the respondents' monetary attitudes among other things. The study results indicate the presence of a relationship between monetary attitudes and strategies of financial behavior, low efficiency of these strategies determined by the super emotional and irrational attitude towards money dominated in the modern Russian society. Prospects for further research are the analysis of the whole complex of factor, including individual-psychological characteristics influencing people's attitude to the material conditions of their own life and the choice of behavioral strategies in the economic sphere of life. In addition, the authors believe that to develop training and correctional programs contributed to raising the level of financial literacy, forming a rational attitude towards money, constructive strategies for financial behavior and effective economic and psychological adaptation of people in modern socio-economic conditions are promising and of practical importance.

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