Moderating Effects of Financial Cognitive Abilities and Considerations on the Attitude–Intentions Nexus of Stock Market Participation

This study aims to examine the determinants of investors’ behavioral intentions to participate in the stock market. In this attempt, this research investigated the direct and moderating effects of the financial cognitive abilities and the financial considerations on the nexus of attitudes and behavioral intentions of investors. Data for this study were collected from active and potential investors in the Dhaka Stock Exchange of Bangladesh using a structured questionnaire. The partial least squares method was used to examine the nature and extent of the relationships of investors’ behavioral intentions with their attitude, financial cognitive abilities, and financial considerations in making stock market investment-related decisions. The findings of this study suggest that investors’ attitudes, financial planning ability, and perceptions of financial risks and benefits are important factors that influence their decisions in stock market participation. Moreover, financial planning, financial satisfaction, and perceived financial risk moderate the nexus of attitude and behavioral intentions to participate in the stock market. This study, therefore, has significant implications for policymakers, stock market regulators, and financial service providers.

The Impact of Financial Education and Socioeconomic Status on the Undergraduate Students' Financial Literacy

Financial literacy is a crucial variable for researchers and policymakers because financial literacy's contribution encourages inhabitants to organize future financial planning and decision improvement. The study aims to empirically investigate the determinants of financial literacy such as financial education, parents' socioeconomic status, and gender. The authors used a cross-sectional survey approach with N = 325 samples. The result of measuring students' financial literacy showed a moderate condition (moderate level). The multiple linear regression models showed that parents' socioeconomic status significantly improved students' financial literacy. Meanwhile, financial education and gender did not prove significant in influencing students' financial literacy. The empirical study generated that encouraging parents is one of the essential policy elements in improving students' financial literacy. The higher students' socioeconomic status tends to encourage better financial planning and decision because they comprehend the literacy skills.

Organisational Support for High-Performance Athletes to Develop Financial Literacy and Self-Management Skills

This paper reports the results of analysing desk-based data on organisational support for high performance athletes to develop their financial literacy and self-management skills when transitioning out of sport. There are two research questions: (1) Do sport organisations provide support schemes or other interventions such that high-performance athletes develop their financial literacy and self-management skills? and (2) Do sport organisations provide financial support schemes for high-performance athletes’ retirements? If so, what do they involve? Desk-based data collection was applied to 23 sporting organisations; these comprised 21 national organisations representing 19 countries, the International Olympic Committee (IOC) and the Oceanic National Olympic Committee (ONOC). Fifteen of the 23 organisations, representing 14 countries, provided some support or interventions on financial planning and self-management within their career assistance programmes. The findings also indicate that most organisations in 17 different countries did not provide any financial support for athletes’ retirements. While a number of sport organisations have developed appropriate interventions to assist high-performance athletes to develop financial literacy and self-management skills, such schemes appear only to be provided to high-performance athletes who have competed at the highest level e.g., Olympics, world championships, etc. Support for athletes at lower levels should also be developed and delivered by national governments, or by national sport organisations.

The Effect of Islamic Financial Literacy and Financial Inclusion toward Financial Planning among Millennial: Financial Behaviour as an Intervening Variable

Islamic financial literacy and financial inclusion are important for improving the living condition of people. Combination of Islamic financial literacy understanding and high financial inclusion index will affect the behavioral ability of people in making financial planning. In Indonesia, Islamic financial literacy and inclusion are still low, not only for youngsters but also among adults. Even though good knowledge and access to Islamic finance will help millennials to be able to identify financial products and services as their financial planning. The aim of this study is to describe the influence of Islamic financial literacy and financial inclusion on financial planning by using financial behaviour as a intervening variable. This study is descriptive quantitative research. 96 respondents are involved in the study directly through a survey method. This study used 2 (two) stages of analysis. The first stage is to find the level of respondent Islamic financial literacy. The last stage is path analysis to determine the influence of each variable. Analysis results have shown that Islamic financial literacy has no direct impact on financial planning. However, Islamic financial literacy and financial inclusion have a significant impact on financial behaviour. Furthermore, the financial behaviour has mediated the relationship between Islamic financial literacy and financial inclusion with financial planning. It shows this affects toward financial planning is 26,4%.

FINANCIAL PLANNING AT THE ENTERPRISE

The article is devoted to the research analysis of typical financial planning at the enterprise. The search for patterns and trends in financial planning is carried out. The stages of creating a financial plan are described. Various methods of financial planning are shown and the importance of managing personnel in making managerial decisions is revealed. The current patterns in financial management are revealed. The financial management process is structured. In conclusion, it was concluded that the consistency of financial management depends on the size of the enterprise. The main goal of the company is to make a profit and it is possible to achieve this with the help of financial management

ДЕЦЕНТРАЛІЗАЦІЯ В ТЕРИТОРІАЛЬНИХ ГРОМАДАХ НА СХОДІ УКРАЇНИ: ОБҐРУНТУВАННЯ ПРОЕКТУ

The need to implement a project to provide scientific support for financial planning for the development of territorial communities in eastern Ukraine is due to the presence of major risks arising from the military conflict and the COVID pandemic. The implementation of the project on decentralization of fiscal processes in territorial communities in the East of Ukraine will help communities to orientate in financial planning, as well as will benefit other stakeholders. The purpose of the article is to substantiate the project on the need and possibility of scientific support for the decentralization of fiscal processes in territorial communities in eastern Ukraine. The object of research - territorial communities in eastern Ukraine. Methods used in the study: comparative and expert analysis, detailing and generalization. The hypothesis of the study was the assumption that the project to decentralize fiscal processes in local communities in eastern Ukraine should be implemented by experts - economists and lawyers in the number of six people who will perform the proposed list of scientific and analytical work within - six months. Presentation of the main material: in order to intensify the process of decentralization of fiscal processes in territorial communities in eastern Ukraine, it is appropriate to implement a project involving the formation of a group of experts (economists and lawyers), logical and related research to be carried out by specific experts. which should get the appropriate results. The proposals developed by experts will create sustainable financial mechanisms that will help reduce the risk of disasters at the community level. The originality and practical significance of the study lies in the proposal to involve in the project relevant specialists who must perform the established list of scientific and analytical work and obtain concrete results. Conclusions and prospects for further research. Substantiation of the project on the need and possibility of scientific support for decentralization of fiscal processes in local communities in eastern Ukraine led to the conclusion that the project will help local communities in eastern Ukraine to understand the features of financial planning, as well as benefit other stakeholders. financial opportunities and sources of development of territorial communities in order to strengthen their economic potential. The proposals developed by experts will create sustainable financial mechanisms that will help reduce the risk of disasters at the community level. Further research should be aimed at implementing the proposed proposals and evaluating their effectiveness.

INFORMATION-ANALYTICAL SECURITY FINANCIAL PLANNING OF ACTIVITIES OF INDUSTRIAL ENTERPRISES

The article investigates the financial and economic essence of financial planning and proves that the problem of formation of information and analytical support of financial planning in an industrial enterprise becomes very important and requires a clear rationale and solutions. Analyzed modern methods of financial planning and forecasting companies that provide objective results of the company and found that despite the results achieved, the problem of formation of information–analytical providing financial planning at an industrial enterprise is still not completely solved. The author's classification of information for the needs of financial planning is made and it is proved that for the successful implementation of financial planning the financial management is recommended to use a sufficient information base that describes the individual characteristics of the financial structure of the enterprise and its position in the market. The priority tasks of information and analytical support of the financial planning process are investigated. The system of information and analytical support of financial planning of the enterprise from external sources has been developed. Indicators of information and analytical support of financial planning based on information from internal sources are investigated. The indisputable role of information resources in the activities of modern business entities of any industry is proved. From information must begin the management process (inputs) and information it ends (the output) and the reliability, accuracy, truthfulness, objectivity, timeliness of data, effective operation of the system of information‒analytical security depends on the effective functioning of economic entities. Thus, in competitive conditions of internal and external markets, the effective functioning of the system of information and analytical support of financial planning helps to reduce risks and make rational management decisions. It is concluded that the basis of the financial planning system is the financial plan, the availability and reliability of information affect the correctness of this document.

Financial Management Process of Pesantren Nurul Muhibbin Tanah Laut

Pesantren Nurul Muhibbin Tanah Laut, which is classified as a new Islamic boarding school, was founded in 2018, and as such, it requires significant input and assistance in resolving issues, particularly those relating to financial management and accounting information systems. If an error is made, not only social sanctions are imposed, but also legal sanctions; this must be a bright spot in the pesantren's financial management. This research employs a qualitative approach in the hope of identifying financial phenomena that can be used as material for joint evaluation. The study examines financial planning, implementation, supervision, and reporting phenomena. This financial process will be visualized as a flowchart in the hope that the relationship between the various components is obvious. Several of the findings in this study indicate that financial planning has been successful in terms of implementing a priority scale, deliberatively forming APBPP, and developing plans to strengthen pesantren financial management. The implementation process has not perfectly implemented the principle of accountability and generally continues to make ineffective cash payments, the supervisory process continues to violate the principles of organizational adjustment and responsibility, and the management accounting process and reporting continue to have numerous shortcomings, such as conventional accounting processes and the use of accrual accounting. The pesantren currently lacks a flow chart that adequately depicts the financial management process.