scholarly journals DOES GOVERNMENT INTERVENTION MODERATE THE EFFECTS OF FINANCIAL LITERACY INTO BUYING MICROINSURANCE AMONG THE MARGINALIZED? A LITERATURE REVIEW

2020 ◽  
Vol 3 (9) ◽  
pp. 42-51
Author(s):  
Antonio E. Jr Etrata ◽  
Conrado P. Montemayor
Keyword(s):  
Literature Review ◽  
Financial Literacy ◽  
Information Dissemination ◽  
Government Intervention ◽  
Literacy Programs ◽  
Moderating Effects ◽  
Protective Mechanisms ◽  
Complex Products

Insurance, in general, is considered as one of the most complex products that consumers purchase in their lifetime. Because of its complexities, the insuring public particularly the target of microinsurance which by demographics are considered marginalized, needs to be educated via financial literacy programs. This study explored via literature review the moderating effects of government intervention in cascading awareness and information dissemination through financial literacy programs, the importance of microinsurance as a protective tool against man-made and natural risks. Secondarily, this paper also examined the effects of financial literacy programs in the purchase of microinsurance. It is therefore incumbent upon Governments to ensure that the marginalized, who are considered in dire need of protective mechanisms, to be able to cascade the importance of microinsurance via financial literacy programs.

Designing Fiqh Mu'āmalāt Learning Program to Guide Secondary Students on Achieving Financial Literacy

2019 ◽  
Author(s):  
Adib Rifqi Setiawan
Keyword(s):  
Literature Review ◽  
Secondary Students ◽  
Internal Consistency ◽  
Financial Literacy ◽  
Learning Program

The goal of this work is designing fiqh mu’āmalāt learning program to guide secondary students on achieving financial literacy, that is exclusively based on literature review, judgement expert, and internal consistency.

What Policy for Islamic Financial Literacy?

10.26414/a148 ◽  
2021 ◽  
Author(s):  
Ahmed Tahiri Jouti
Keyword(s):  
Literature Review ◽  
Financial Institutions ◽  
Financial Literacy ◽  
Sustainable Growth ◽  
Islamic Finance ◽  
Finance Industry ◽  
Literacy Policy ◽  
Islamic Financial Institutions ◽  
Financial Behaviour

This paper addresses the concept of financial literacy in Islamic finance and suggests a methodology to elaborate an effective Islamic financial literacy policy (IFLP). Based on a literature review, the paper summarizes the conclusions of studies and surveys conducted in the field of conventional financial literacy while identifying the specificities of the Islamic finance industry. Indeed, the paper would help financial authorities and Islamic financial institutions in elaborating Islamic financial literacy policies (IFLPs) in order to contribute to the sustainable growth of the industry. It promotes the idea that qualitative aspects are worth studying when elaborating an Islamic financial literacy policy that has to take into account many factors such as the maturity of the industry, the objectives of the policy (inclusion or migration), the degree of Shari’ah awareness, the understanding of Arabic terminologies, etc. Finally, the IFLP measurement should include quantitative (Total reach and number of people reached) as well as qualitative aspects (level of financial literacy, impact on financial behaviour).

A comparison on financial literacy between welfare recipients and non-welfare recipients in Brunei

2015 ◽  
Vol 42 (7) ◽  
pp. 598-613 ◽  
Author(s):  
Ak Md Hasnol Alwee Pg Md Salleh
Keyword(s):  
Low Income ◽  
Financial Literacy ◽  
Well Being ◽  
Literacy Programs ◽  
Welfare Recipients ◽  
Structured Interviews ◽  
Welfare Programs ◽  
Content Type ◽  
Logistic Regressions ◽  
Random Sampling Approach

Purpose – The purpose of this paper is to provide insights onto the level of financial literacy in Brunei, notably focussing on the findings of welfare recipient’s vis-à-vis non-welfare recipients. Design/methodology/approach – Findings are based on structured interviews with 431 heads of households (215 welfare recipients and 216 non-welfare recipients), within the realm of money management, emergency planning and investing for goals. To analyze the data, Pearson’s χ2 test and logistic regressions are undertaken. Findings – The findings underline the importance of enhancing the level of financial literacy, notably for low-income households and those in poverty, as the analysis highlighted their level of financial literacy was significantly lower than non-welfare recipients. Research limitations/implications – Future researches may want to consider a random sampling approach and/or using other districts in the country, to ascertain a representative set of findings. Practical implications – The implication of the findzings highlights the need for welfare programs to consider incorporating financial literacy programs, designed specifically for welfare recipients, distinct from non-welfare recipients. Originality/value – There is currently no known research on financial literacy related to Brunei. Further, the paper also focusses on financial literacy, as a means to assist those in welfare or poverty, in order to enhance their financial well-being.

scholarly journals Financial Literacy of Students – The Case Study of UITM in Rzeszów, Poland

e-Finanse ◽  
2020 ◽  
Vol 16 (3) ◽  
pp. 106-118
Author(s):  
Karolina Palimąka
Keyword(s):  
Decision Making ◽  
Information Technology ◽  
Young People ◽  
Literature Review ◽  
Financial Literacy ◽  
Financial Knowledge ◽  
Decision Making Process ◽  
Degree Programs

Abstract The article focuses on the phenomenon of financial literacy of students. Financial literacy is treated as a combination of financial knowledge and the decision-making process where one has to make a choice based on experience and theory. The aim of this paper is to draw attention to the essence of financial literacy, including knowledge of banking (especially of young people). For this purpose, a literature review was used. Own research complements the topic as a case study, where the author verifies whether students assess their knowledge in a way that corresponds to reality and verifies whether students need to expand their financial knowledge sorely necessary nowadays. The survey was completed by 380 students from University of Information Technology and Management in Rzeszów, of both economic and non-economic field of studies. There are some unexpected results, for example the most important is that students from a financial field of studies end up with worse results than their peers from the non-financial degree programs.

scholarly journals Pengenalan Pendidikan Literasi Keuangan Bagi Anak Usia Dini Pada Kelas Binaan Jurusan Akuntansi Di Buper

2019 ◽  
Vol 2 (1) ◽  
pp. 1-8
Author(s):  
Meinarni Asnawi ◽  
Cornelia Desiana Matani ◽  
Kurniawan Patma
Keyword(s):  
Early Childhood ◽  
Community Service ◽  
Financial Literacy ◽  
Teaching Method ◽  
Literacy Education ◽  
Literacy Programs ◽  
Study Group ◽  
The Family ◽  
The Future

This community service aims to introduce financial literacy programs for early childhood.Literacy education is important for early childhood so that they are accustomed to financialmanagement well in the future. In Indonesia financial literacy education is still something that is veryrarely done, both in the family and school circles, the provision of education about financial literacyhas not been done seriously and planned. Service is expected to benefit the knowledge of simplefinancial management for early childhood through the "saving" pattern.Dedication material is focused on how to introduce the concept of money, utilization andwhen to do shopping. Financial literacy education will be conducted for pre-school and elementaryschool children aged 5 - 12 years from study group students and playing in Waena Bupers formed bystudents majoring in accounting. The teaching method is carried out by the mentoring method by theTeaching Team. The teaching method uses simulation and learning using financial literacy educationfilm media as well as the movements and songs of Ayo Menabung. The simulation of saving is doneby practicing saving using piggy banks that are distributed to students. Assistance from the teachingteam is carried out continuously with the introduction of financial literacy education that can benefitearly childhood and will benefit themselves, their families and society in the future.

scholarly journals Economic Abuse: A Literature Review of a Salient yet Overlooked Form of Intimate Partner Violence

2021 ◽  
Vol 14 (2) ◽  
pp. 82-91
Author(s):  
Christa Haifley
Keyword(s):  
Intimate Partner Violence ◽  
Literature Review ◽  
Financial Literacy ◽  
Partner Violence ◽  
Self Efficacy ◽  
White Collar Crime ◽  
Well Being ◽  
Intimate Partner ◽  
Economic Abuse ◽  
The Impact

Economic abuse is another form of intimate partner violence (IPV) used by batterers to maintain power and control over their partners which often goes unreported, unrealized, and under-supported by IPV survivor advocates. Economic abuse is misunderstood as an IPV and is often incorrectly considered a financial crime, financial fraud, or white-collar crime. Economic abuse impacts the victim’s short and long-term physical and mental well-being in efforts to achieve economic wellness for basic living conditions as well as job placement and professional development opportunities. Healthy minds fuel healthy bodies and economic self-efficacy contributes to both mental and physical health. The awareness and impact of economic abuse is grossly understudied, lacking empirical evidence on victims and survivors of economic self-sufficiency during and at the conclusion of an abusive relationship. The current research has primarily collected and reported data on heterosexual women, leaving a gap in the research regarding the impact of economic abuse in LGBTQ+ relationships. This paper serves as a literature review into current economic abuse research by discussing three constructs: economic control, economic exploitation, and employment sabotage as well as possible solutions for educational opportunities and financial self-efficacy. Further research is needed to raise awareness and provide financial literacy to IPV survivors in all gender communities.

scholarly journals The Moderating Effects of Dynamic Capability on Radical Innovation and Incremental Innovation Teams in the Global Pharmaceutical Biotechnology Industry

2020 ◽  
Vol 8 (1) ◽  
Author(s):  
Heather Johnson
Keyword(s):  
Literature Review ◽  
Knowledge Sharing ◽  
Systematic Literature Review ◽  
Open Innovation ◽  
Radical Innovation ◽  
Biotechnology Industry ◽  
Dynamic Capability ◽  
Incremental Innovation ◽  
Moderating Effects ◽  
Pharmaceutical Biotechnology

The purpose of this paper is to conduct a quantitative, integrative and systematic literature review of the moderating effects of dynamic capability associated with radical innovation and incremental innovation teams in the global pharmaceutical biotechnology industry. This paper utilizes a conceptual framework of dynamic capability and socio-technical theory to underpin the study. The study includes 250 articles which were originally surveyed, and then a final selection of 66 articles was based on a structured coding system. The study outcome reveals that knowledge sharing strengthens existing professional knowledge and enhances internal work coordination and consistency in employees’ behavior, and effectively integrates diverse team knowledge and experience. Open innovation has a positive effect on radical innovation and enables knowledge acquisition to form a symbiotic relationship with knowledge sharing. Learning orientation has a stronger effect on incremental innovation than on radical innovation. The limitations of the study are related to a systematic literature review for this research does not establish causality. The mediating effects of dynamic capability on teams are not explored for this research. The implications for management are as follows, teams must be given the autonomy to make decisions from a technical perspective. Tacit knowledge, open innovation, knowledge acquisition and learning orientation are areas in which priority must be given during and after acquisitions in the pharmaceutical biotechnology industry.

Financial literacy training programs and financial behaviour: Why people do not become “financially literate”?

2020 ◽  
pp. 80-93
Author(s):  
D. V. Kislitsyn
Keyword(s):  
Financial Literacy ◽  
Financial Behavior ◽  
Literacy Programs ◽  
Financial Decisions ◽  
Financial Decision ◽  
Improvement Programs ◽  
The Government ◽  
Low Efficiency ◽  
Economic Understanding

The paper takes a critical view on the prevalent approaches to developing financial literacy programs. It has been shown that meta-analytical and review studies indicate low efficiency of financial literacy improvement programs: their effect on financial behavior is either statistically insignificant or statistically significant, but practically negligible. Among potential reasons of financial literacy programs low efficiency the role of behavioral factors in financial decision making and the impossibility of determining “financially literate” behavior from the perspective of an outside observer are considered. It is concluded that the currently dominant criteria for assessing financially competent behavior can be characterized either as procedural, within which not the consequences of financial decisions are considered, but how consciously they are taken, or as normative, within which the government differentiates the consumers attitudes into wrong and right. Both groups of criteria are based on a non-economic understanding of rationality.

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