scholarly journals Financial Literacy and the Working Women of the Unorganised Sector with Special Reference to Guwahati City

2019 ◽  
Vol 9 (2) ◽  
pp. 4350-4354
Keyword(s):  
Financial Literacy ◽  
Investment Decision ◽  
Working Women ◽  
Work Force ◽  
Financial Resource ◽  
Financial Knowledge ◽  
Economic Variable ◽  
Financial Investment ◽  
Guwahati City ◽  
Sector Work

Unorganised Work Force Constitutes A Large Portion In India. This Sector Work Force Includes Casual Labourers, Day To Day Vendors, Domestic Vendors, Maids Etc. They Form A Significant Part In Developing An Economy And Women Being A Strong Pillar In Nation Building Demands For Financial Literacy On Their Part Too. In Simplest Language Financial Literacy Is The Financial Is The Financial Knowledge Of Various Financial Instruments And Savings, The Ability To Take Sound Financial/ Investment Decision With The Available Financial Resource. Through This Paper An Attempt Has Been Done To Examine The Scenario Of Financial Literacy Of The Working Women In The Unorganised Sector And To Know If Demographic Profile And Socio Economic Variable Has Any Effect On Financial Literacy. 100 Respondents From Guwahati City Have Been Selected And With The Help Of Schedule Data Has Been Collected.

scholarly journals Importance of external environmental labour-related risk factors for financial investment decision-making

2002 ◽  
Vol 5 (3) ◽  
pp. 644-662
Author(s):  
J. H. Mostert ◽  
S. J. Steel ◽  
F J. Mostert
Keyword(s):  
Risk Factors ◽  
Insurance Industry ◽  
Investment Decision ◽  
Relevant Literature ◽  
Knowledge Worker ◽  
Work Force ◽  
Financial Investment ◽  
Investment Decision Making ◽  
Related Risk ◽  
Term Insurance

External environmental labour-related risk factors influence the relationship between management and the work force of an enterprise. It is therefore of prime importance to consider these labour-related risk actors in order to be able to take a comprehensive financial investment decision. The risk factors concerned come from the political, economic, social and technological environments. The views of the participating investment practitioners (who are active in the long-term insurance industry) regarding these aspects are analysed against the background of relevant literature. The responses with reference to these labour-related risks in manual and knowledge worker enterprises are presented simultaneously and significant similarities and differences are highlighted.

scholarly journals Association of Financial Attitude, Financial Behaviour and Financial Knowledge Towards Financial Literacy: A Structural Equation Modeling Approach

2019 ◽  
Vol 8 (1) ◽  
pp. 51-60 ◽  
Author(s):  
Kamini Rai ◽  
Shikha Dua ◽  
Miklesh Yadav
Keyword(s):  
Structural Equation Modeling ◽  
Financial Literacy ◽  
Structural Equation ◽  
Goodness Of Fit ◽  
Strong Association ◽  
Working Women ◽  
Financial Knowledge ◽  
Equation Modeling ◽  
Modeling Approach ◽  
Financial Behaviour

Financial literacy is an ability of individual to take considerable decisions in respect of the effective and efficient utilization of money. In present study, authors have presented an association of financial knowledge, financial behaviour and financial attitude towards the financial literacy level among working women in Delhi, India. The sample size of 394 working women from various public and private organizations of Delhi has been incorporated for the research. A structured questionnaire designed on a 5-point Likert scale has been used based on purposive sampling, and the goodness of fit is determined by analysis of moments structures (AMOS) by applying structural equation modeling approach (SEM). The association between three independent variables is investigated applying path analysis for hypothesis testing. The findings revealed that financial attitude and financial behaviour have strong association with financial literacy of working women than financial knowledge.

scholarly journals INVESTMENT DECISION MAKING TOWARDS INVESTING IN ISLAMIC UNIT TRUSTS AMONGST WOMEN

2021 ◽  
Vol 16 (Number 1) ◽  
pp. 43-54
Author(s):  
Nor Izzati Mohd Aziz ◽  
Salina Kassim
Keyword(s):  
Financial Literacy ◽  
Investment Decision ◽  
Risk Attitude ◽  
Sampling Technique ◽  
Men And Women ◽  
Financial Investment ◽  
Self Confidence ◽  
Investment Decision Making ◽  
Investment Volume ◽  
Unit Trust

The differences in skill expectations and knowledge are amongst factors that contribute to the variances when men and women choose financial products. Women are claimed to be risk averse, somewhat insecure, lacking self-confidence and interest in financial investment products. Nevertheless, the evolving working and educational environment has changed this stereotype, wherein women are increasingly more educated, knowledgeable, and are more exposed to investments. Gender equality between men and women in terms of the volume of investments has turned into a requirement that boosts economic growth with people being the most important factor to contribute through investing habit. This cannot be realised if only men are involved in investment. Financial institutions aim certain figures of targeted investment volume each year. As such, this study identified the factors of women investments, particularly in Islamic unit trusts. A total of 201 respondents were selected via the convenience sampling technique. The Likert scale questionnaires were analysed using SMART PLS software. As a result, several investment behaviours, including investment objectives, return expectations, awareness, and risk attitude, emerged as factors that influenced women investors to choose unit trusts. The study outcomes are beneficial in devising effective strategies that may attract women to invest in Islamic unit trust. Besides, certain agencies should conduct campaigns or seminars on financial literacy for this potential sector, so as to enhance their knowledge in investing in Islamic unit trusts.

scholarly journals MODEL PERILAKU INVESTOR KOTA MEDAN BERDASARKAN STRATEGI PEMASARAN

2018 ◽  
Vol 17 (4) ◽  
pp. 413-429
Author(s):  
Arlina Nurbaity Lubis ◽  
Isfenti Sadalia ◽  
Khaira Amalia Fachrudin
Keyword(s):  
Customer Service ◽  
Behavioral Finance ◽  
Decision Process ◽  
Investment Decision ◽  
Demographic Variables ◽  
Financial Knowledge ◽  
Product Price ◽  
Internal Factors ◽  
Financial Investment ◽  
Gender And Age

Behavioral finance is very important in one's decision-making when investing. Many factors affect the financial investors in the process of financial investment decision. This study aims to: (1) for test whether there is any difference in the financial investment decision process when viewed from demographic variables such as occupation, gender, and age of financial knowledge, (2) for test the influence of internal factors consisting of perception, motivation, learning, financial knowledge and external factors consisting of product, price, place/location, promotion, physical evidence, process, people and customer service to the investor's decision. The type of this research is descriptive quantitative. The sample in this study consist of 100 financial investors in the city of Medan. Discriminant and multiple regression analysis with stepwise method is used to test the hypothesis. The results showed: (1) there are significantly differences in the process of financial investment decisions based on demographic variables such as occupation, gender, and financial knowledge. While there was no difference in the financial investment decision process based on age categories, (2) process, motivation and customer service variable, have a positive and significant impact on investors' decision.

scholarly journals Financial Behavior of Working Women in Investment Decision-Making

2019 ◽  
Vol 11 (2(I)) ◽  
pp. 10-20 ◽  
Author(s):  
Nadia Asandimitra ◽  
Tony Seno Aji ◽  
Achmad Kautsar
Keyword(s):  
Financial Literacy ◽  
Financial Planning ◽  
Investment Decision ◽  
Working Women ◽  
Financial Behavior ◽  
Investment Plan ◽  
Government Sector ◽  
Investment Decision Making ◽  
The Government ◽  
Descriptive Method

The purpose of this study is to measure the level of financial literacy of working women, to describe assets allocation, as well as the time and profit in investment. This research paper is a qualitative study using the descriptive method. Noting the purpose, it is suitable if the qualitative approach was implemented. The respondents are working women with most of them have been married, 16-22 years old on average, have a bachelor degree, and work in the government sector with the majority of the income is more than 4.000.000 rupiahs. Those respondents’ characteristics will influence their choice in doing investment because it is associated with the tolerance of risks. The first form of behavior and preference of investment done by working women is that majority of them have thought about investment plan and most of the respondents think that everyone can get profitable investment if they do financial planning and saving/investment. The second form of behavior is that the majority of respondents are more interested in property investment. The third form of behavior motivating working women in doing investment is themselves, like retirement planning and family security reason. Based on the study, it shows that working women have high financial literacy which is indicated by their discipline in doing the investment of their excess money, thus they have control over their finances and believe to get investment profit they should do financial planning.

scholarly journals Relationship between Financial Literacy and Its Component: A Research on Working Women

2019 ◽  
pp. 1-6 ◽  
Author(s):  
Nur Najihah Binti Ashaari ◽  
Zahayu Binti Md. Yusof
Keyword(s):  
Correlation Coefficient ◽  
Significant Relationship ◽  
Financial Literacy ◽  
Pearson Correlation ◽  
Working Women ◽  
Financial Education ◽  
Debt Management ◽  
Financial Knowledge ◽  
Financial Behavior ◽  
Pearson Correlation Coefficient

Developing countries, such as Malaysia, are in need of working women to help to improve the country's economy. Thus, it is of immense need for our economy to take into consideration the fact that where and how working women are spending or investing their funds. For appropriate utilization of funds, working women need to be financially literate. Financial literacy is the convergence of financial, credit and debt management and the knowledge that is necessary to make financially responsible decisions. This paper is conducted to assess the correlation between financial literacy and its component namely financial education, financial attitude, financial behavior and financial knowledge. Data processing of this study using a Pearson correlation coefficient and the sample size of 35 respondents which is working women in Universiti Utara Malaysia. A part from Pearson correlation coefficient, include descriptive statistics of frequency counts and percentages as a methid of data analysis employed in this study. The data are quantitatively analyzed through statistical software namely, Statistical Packages for Social Science (SPSS) version 25.0. The result indicates that financial literacy does not have a significant relationship with financial knowledge. However financial education, financial attitude and financial behavior together have a significant relationship with financial literacy.

Financial Literacy and Investment Decision in Lower Middle Income

2015 ◽  
Vol 21 (4) ◽  
pp. 989-992
Author(s):  
W. Evi Steelyana ◽  
Yulia Lie
Keyword(s):  
Capital Market ◽  
Financial Literacy ◽  
Investment Decision ◽  
Financial Knowledge ◽  
Data Sampling ◽  
Minimum Standard ◽  
Middle Income ◽  
Income Class ◽  
Digital Money ◽  
Saving Behavior

Financial Literacy should be considered as one of basic intelegence in this modern civilization. As growth of change in internet, digital money and e-banking will impact in many area of financial trasactions in financial activities. Saving behavior and investment decision were become factors that impacted to income allocation, especially for most people in working class. At lower middle income class, they also allocate their income for saving and investment purposes. This research was held in Jakarta, with data sampling from lower middle income class or at UMR level (Upah Minimum Regional) or Minimum Standard Wage level. This paper focus for finding out some factors that are giving significant impact on saving behavior or investment decision. Those factors were financial concept or financial knowledge, financial goals, capital market knowledge and environment factor. This paper give explanation on which factors give significant impact on investment decision and how Financial Literacy give impact to retirement preparedness for lower middle income class.

scholarly journals Investment Attitude of Working Women: A Study of Education Sector in Punjab

2019 ◽  
Vol 10 (2) ◽  
pp. 81-87
Author(s):  
Poonam Sharma ◽  
Navdeep Kaur
Keyword(s):  
Risk Taking ◽  
Financial Literacy ◽  
Working Women ◽  
Education Sector ◽  
Financial Knowledge ◽  
Bank Deposits ◽  
Physical Assets ◽  
Stock Market Investment ◽  
General Profile

Investment is important for improving productivity and increasing the competitiveness of an economy. The present paper is an attempt to explore the factors influencing the investment attitude of women working in the education sector in the Punjab State in India. Even though, general profile of women investors is changing in tune with time, but they are insulating in various spheres of investment such as awareness and preference of investment. Today, the role of women has changed from “Savers to Investors”. Factor Analytical results revealed that women investors prefer to invest in risk free securities. The level of financial knowledge also influences their investment attitude. The present study reveals the factors namely; secure investment avenues, financial literacy, stock market investment and post office schemes, bank deposits, physical assets, risk taking ability and concern for financial matters that are important to women working in education sector.

scholarly journals The Effect of Financial Literacy on Personal Investment Decisions amongst Medical Practitioners in Sri Lanka

2021 ◽  
Vol 6 (4) ◽  
pp. 123-126
Author(s):  
S. H. M. L. Walakumbura
Keyword(s):  
Sri Lanka ◽  
Financial Literacy ◽  
Investment Decision ◽  
Investment Decisions ◽  
Financial Knowledge ◽  
Primary Data ◽  
Policy Makers ◽  
Medical Practitioners ◽  
Personal Investment ◽  
The Impact

Financial literacy is very essential for any individual in order to efficient and effective decisions regarding their personal investments. Based on that scenario, this study examines the impact of financial literacy on personal investment decisions amongst medical practitioners in Sri Lanka. Personal investment decision has been considered as the dependent variable while financial knowledge, financial skills and financial attitude has been considered as the proxies for the independent variable. Deductive approach has been employed using primary data which is obtained from 205 respondents throughout the country. Descriptive and inferential statistics such as multiple linear regression have been used for the analysis purpose. The results suggested that there is a significant impact between the financial knowledge and financial skills on investment decision while the financial attitude does not have a significant impact on the investment decision. The empirical findings of this study are helpful for any individual who is willing to take effective investment decisions, academics, policy makers and all other related interested parties.

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