Financial Literacy: Examination of Financial Behavior and Attitudes of Sports Management Department Students

Abstract

Financial markets and developments have become more complex, with the developing technology have led to the need for high financial literacy. Therefore, individuals’ self-development in this area will allow them to manage their financial resources more accurately. For the successful financial management of the global sports industry, this area must be supervised by sports managers with a high level of financial literacy. In this direction, the study examines the financial behaviors and attitudes of the students studying in the Department of Sports Management. The sample of the study consisted of 276 students, 98 females and 178 males, who were studying at Muğla Sıtkı Koçman University, Faculty of Sports Sciences, Department of Sports Management in 2021-2022. The data were collected with the descriptive information form prepared by the researchers and the Financial Literacy Attitude and Behavior Scale (FLABS) developed by Sarıgül (2015). While statistically significant differences were found in the variables of gender, class, family monthly income, and following the daily economic and financial news, no significant difference was found in the variables of age, GPA, type of education, individual monthly income, and having received education in economics or finance. The results showed that women are better financially literate than men. Furthermore, it has been found that those who currently follow financial developments have higher averages than those who do not.