scholarly journals Investment Pattern of Financially Literate Persons in Nepal

2017 ◽  
Vol 2 ◽  
pp. 33-51
Author(s):  
Jeetendra Dangol ◽  
Rohi Shakya
Keyword(s):  
Financial Literacy ◽  
Income Level ◽  
Education Level ◽  
Individual Investors ◽  
Age Group ◽  
Investment Pattern ◽  
The Mean ◽  
Literacy Level ◽  
Investment Patterns ◽  
Awareness Level

The paper investigates the investment pattern of financially literate persons based on 314 individual investors of Nepal. The mean, ANOVA and logistic regression is used. The results show that investors have higher level of financial literacy level. Among them, male participants, investors of age group 20-30 and income level of Rs 50,001 and above scored higher in financial literacy. The financial literacy increased with increase in the education level as well as the income level. The study reveals that there are differences between investment patterns among the high and low financially literate persons. These groups differ in term of their investment preferences, investment objectives, investment tenure, sources of investment advices and awareness level.

scholarly journals Analisis Literasi Keuangan pada Pelaku Usaha Mikro di Kota Pekanbaru

2017 ◽  
Vol 1 (1) ◽  
pp. 12-22
Author(s):  
Susie Suryani ◽  
Surya Ramadhan
Keyword(s):  
Age Differences ◽  
Financial Literacy ◽  
Small And Medium Enterprises ◽  
Income Level ◽  
Education Level ◽  
Gender And Age ◽  
Literacy Level ◽  
Trade Sector ◽  
Gender And Age Differences ◽  
Medium Enterprises

  This study aims to determine the level of financial literacy forMicro, Small and Medium Enterprises in Pekanbaru. Besides that, this research conducted to analyzewhether the differences in gender, age, education level, and income level has significant effect towards financial literacy level for businesses. The focus of business type in this researchis trade sector that contained the number of 292 businesses as sample. The method used is survey by obtaining data through questionnaires. The results showed that the level of SMEss financial literacyis moderate 57,9 percent. variables that affect the level of financial literacy businesses are differences in education and income. While gender and age differences has no effectto the level of MSMEss financial literacy. Keywords : Financial Literation, Gender, Age, Education, Income

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 Analisis Faktor-Faktor Yang Mempengaruhi Literasi Keuangan Pada Petani Tanaman Pangan dan Holtikultura di Kabupaten Maros Sulawesi Selatan

2020 ◽  
Vol 7 (2) ◽  
pp. 125
Author(s):  
Anas Iswanto Anwar ◽  
Rezki Putri ◽  
Sabir Sabir
Keyword(s):  
Financial Institutions ◽  
Financial Literacy ◽  
Demographic Characteristic ◽  
Linear Regression Analysis ◽  
Risk Preference ◽  
Multiple Linear Regression Analysis ◽  
Income Level ◽  
Education Level ◽  
Significance Level ◽  
South Sulawesi

This study aims to determine the effect of demographic characteristics on the level of financial literacy of food crops and horticulture farmers in Camba sub-district in South Sulawesi Province. This research data obtained from the questionnaire (primary) and few observations and direct interviews with Camba sub-district farmers. This study uses a multiple linear regression analysis method. The results of the analysis concluded that the demographic characteristic variables consisting of income level, age, education level, risk preference dummy, and distance to financial institutions simultaneously had a significant effect on financial literacy variables with a five percent significance level. Income level, education level, risk preference partially had a positive and significant effect on the variable financial literacy. Distance to financial institutions had a negative and significant effect while age doesn’t have a significant effect on financial literacy. Of 43.8 percent from the variation in financial literacy variables is explained by the independent variables used in this model, while the rest of 56.2 percent is explained by other variables.

scholarly journals Pengaruh Faktor Demografi terhadap Literasi Keuangan

2018 ◽  
Vol 2 (1) ◽  
pp. 163-184
Author(s):  
Raja Ria Yusnita ◽  
Muhammad Abdi
Keyword(s):  
Financial Literacy ◽  
Research Method ◽  
Binary Logistic Regression ◽  
Income Level ◽  
Literacy Education ◽  
Education Level ◽  
Financial Knowledge ◽  
Survey Method ◽  
Binary Logistic Regression Analysis ◽  
Business People

Financial knowledge is one of the important aspects in life today. This study aims to determine the level of financial literacy in motorbike workshop SMEs in Kec.Siak Hulu Kab. Kampar and analyze whether demographic factors consisting of education level, income level, duration of business and age affect the level of financial literacy among workshop entrepreneurs. The number of samples in this study are 50 workshop entrepreneurs with the research method used is the survey method by obtaining data through questionnaires. While the analysis used in this test is binary logistic regression analysis. The results showed that the level of financial literacy for business people was in the low category with a percentage of 48%. The variables that influence the level of financial literacy are income level variables and besides these variables which consist of education level, duration of business and age does not affect the level of financial literacy for business actors. keywords: Financial Literacy, Education Level, Income Level, Duration, Age

scholarly journals Analisis Tingkat Literasi Keuangan Mahasiswa Diploma dan Sarjana serta Perbedaannya Berdasarkan Faktor Demografi

2021 ◽  
Vol 3 (3) ◽  
pp. 1394-1405
Author(s):  
I’ana Umma ◽  
Teuku Afrizal
Keyword(s):  
Social Media ◽  
Undergraduate Students ◽  
Financial Literacy ◽  
Parental Education ◽  
Online Survey ◽  
Education Level ◽  
Research Data ◽  
T Test ◽  
Level Of Education ◽  
Literacy Level

This study focuses on analyzing the literacy level of diploma and undergraduate students. Besides understanding the differences based on demographic factors including gender, parental education, parents' income, and education level. The research data was collected through an online survey which was distributed to 500 respondents throughout Indonesia using social media. The data collected was 301 respondents. Then analyzed using the independent sample t test. The results found that the level of financial literacy of diploma and undergraduate students was low. It was also found that there was no difference in the level of student financial literacy based on gender, parental education, parents' income and the level of education that students were taking.

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.

scholarly journals A Study on the Influence of Islamic Financial Literacy in Managing Cash and Debt Among Millennial in Indonesia

2021 ◽  
pp. 246-263
Author(s):  
Ledy Mahara Ginting ◽  
Nur Harena Redzuan
Keyword(s):  
Regression Analysis ◽  
Linear Regression ◽  
Financial Literacy ◽  
Linear Regression Analysis ◽  
Multiple Linear Regression Analysis ◽  
Income Level ◽  
Educational Background ◽  
Debt Management ◽  
Age Group ◽  
Financial Industry

Indonesia is currently experiencing a demographic dividend, where the total population of productive age is higher than the total of un-productive age. The most numerous groups in this productive age group are the millennials aged 20 to 40 years, which required them to have sufficient knowledge of Islamic financial literacy. Therefore, this study aims to measure the level of Islamic financial literacy of millennials in Aceh, Indonesia and to investigate its effects on managing cash and debt. The influence of demographic factors is also examined in this study namely gender, age, educational background, and income level. By using multiple linear regression analysis, the result shows that the level of Islamic financial literacy, educational background, and income level significantly affects cash and debt management. The results of this study can be references for the Islamic financial industry in Aceh and for its government. The millennial seems to be ready for the new provisions that will be implemented in relation to the Islamic financial industry in Aceh.

Financial Knowledge And Financial Behavior Among Educati onal Staff (A Survey on Educational Staff in Universitas Kuningan)

2021 ◽  
Vol 21 (02) ◽  
Author(s):  
Herma Wiharno ◽  
Dadang Suhendar ◽  
Munir Nur Komarudin
Keyword(s):  
Descriptive Analysis ◽  
Income Level ◽  
Education Level ◽  
Demographic Characteristics ◽  
Financial Knowledge ◽  
Financial Behavior ◽  
Age Group ◽  
Verification Method ◽  
Educational Staff ◽  
Positive Effect

Abtract This study aims to investigate the effect of demographic characteristics on financial knowledge and financial behavior as well as the effect of financial knowledge on financial behavior. The method applied in this study was descriptive and verification method. This study was conducted in Universitas Kuningan with educational staff as the unit of analysis. By applying Stratified Cluster Proportional Random Sampling, 105 educational staff was selected as the sample of this study. The results of descriptive analysis revealed that based on age group, education level, and income level, educational staff with age of >45 years old, education level of S-2, and income level of >Rp. 3 million has a higher level of financial knowledge and financial behavior compared to other educational staff. Meanwhile, the results of verification analysis indicated that education level and income level have a significant effect on financial knowledge and financial behavior, and financial knowledge has a positive effect on financial behavior. Keywords: demographic characteristics, financial knowledge, financial behavior.

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