Financial Experience Research Articles

EMBRACING GENDER DIVERSITY: REIMAGINING HEALTH AND HEALTH EQUITY FOR TRANSGENDER OLDER ADULTS

Abstract This presentation will share results of in-depth focus groups exploring eight transgender older adults’ (TOAs) experiences of health and healthcare and related themes, explain weathering and factors contributing to health and healthcare disparities, and apply the Sexual and Gender Minority Health Disparities Research Framework to explore strategies to address individual, interpersonal, community, and societal factors to foster health and health equity. TOAs represent an underserved population at elevated risk for lower socioeconomic status, higher rates of disability and chronic illness, and poorer overall physical and mental health compared to their non-transgender LGBQ and cisgender peers. Due to their unique life experiences including difficult decisions about “coming out” and transitioning, lack of acceptance of being transgender, and physiological impacts of hormonal and surgical treatments, transgender individuals experience long-term chronic stress and accumulate health-related risks as they age, contributing to significant health disparities. Higher levels of illness, disability, and premature death among historically disadvantaged groups can be explained by weathering, the accumulated impact of social disadvantages and socio-political inequalities over the life course producing premature biological aging. A 2019 systematic review of LGBTQ aging literature found that only 10% of studies included trans-identified participants and few addressed the needs of transgender older adults. Understanding the lived experiences of TOAs including healthcare access and receipt, and psychological, social, and financial experiences across the life course, is crucial to understanding current disparities in health and healthcare, developing strategies to improve care and reduce inequities, and fostering health and health equity of transgender older adults.

UNCOVERING THE POSITIVE ASPECTS OF CAREGIVING: A PROFILE OF CAREGIVERS’ DEMOGRAPHIC AND CARE CONTEXTS

Abstract Burden and benefits of caregiving experiences can coexist. The objective of this research is to describe and compare the predictors of the two intertwined caregiving experiences. This study examines how the variations in caregiving experiences can be explained in terms of both positive and negative aspects of caregiving, respectively by demographic characteristics and care related contexts. The Caregiving, Aging, and Financial Experiences study is a national survey intended to examine social conditions and well-being among a representative sample of 4,010 Canadians between age 65 and 85. Within the sample, 1,641 informal caregivers are the focus of the current analysis. Scales of positive and negative caregiving experiences are employed. Findings based on principal axis factor analysis shows that there is clear separate factor loadings between the positive and negative caregiving experiences. Subsequent seemingly unrelated regression analysis shows that there are similarities as well as differences in predictors between the two caregiving experiences. Lastly, the variance explained differs markedly between the two measures, with over 26% of the variance in negative caregiving accounted for by demographic and caregiving factors, but less than 4% of the variance in positive caregiving. This study demonstrates that positive aspects of caregiving is not simply the flip-side of negative caregiving. Standard predictors do not sufficiently explain positive caregiving as well as negative caregiving. Consequently, greater attention to factors that account for positive aspects of caregiving is warranted for an inclusive understanding of caregiving experiences.

Financial Literacy, Financial Attitude, and Household Financial Behavior

Household financial behavior is a crucial topic to study because it determines the family's economic well-being. This study examines the effect of financial literacy, financial attitudes, financial experience, and income on household financial behavior. The object of this research is the family finance manager in Sidoarjo City, East Java. The data collection technique is using an online survey. Sample selection was done by using the purposive sampling technique. The sample of this research is 153 financial managers. The data analysis technique used the Partial Least Square Structural Equation Model (PLS_SEM). The results indicate that financial literacy and attitudes positively affect household financial behavior, while financial experience and income have no significant effect. This finding implies that financial policymakers should increase public financial literacy and attitude toward managing family finances.

The long-term financial experiences of adolescent and young adult cancer survivors.

Cancer-related financial hardship can negatively impact financial well-being and may prevent adolescent and young adult (AYA) cancer survivors (ages 15-39) from gaining financial independence. This analysis explored the financial experiences following diagnosis with cancer among AYA survivors. We conducted a cross-sectional, anonymous survey of a national sample of AYAs recruited online. The Comprehensive Score for Financial Toxicity (COST) and InCharge Financial Distress/Financial Well-Being Scale (IFDFW) assessed financial hardship (cancer-related and general, respectively), and respondents reported related financial consequences and financial coping behaviors (both medical and non-medical). Two hundred sixty-seven AYA survivors completed the survey (mean 8.3years from diagnosis). Financial hardship was high: mean COST score was 13.7 (moderate-to-severe financial toxicity); mean IFDFW score was 4.3 (high financial stress). Financial consequences included post-cancer credit score decrease (44%), debt collection contact (39%), spending more than 10% of income on medical expenses (39%), and lacking money for basic necessities (23%). Financial coping behaviors included taking money from savings (55%), taking on credit card debt (45%), putting off major purchases (45%), and borrowing money (42%). In logistic regression models, general financial distress was associated with increased odds of experiencing financial consequences and engaging in both medical- and non-medical-related financial coping behaviors. AYA survivors face long-term financial hardship after cancer treatment, which impacts multiple domains, including their use of healthcare and their personal finances. Interventions are needed to provide AYAs with tools to navigate financial aspects of the healthcare system; connect them with resources; and create systems-level solutions to address healthcare affordability. Survivorship care providers, particularly those who interact with AYA survivors, must be attuned to the unique risk for financial hardships facing this population and make efforts to increase access available interventions.

PENGARUH PENGETAHUAN KEUANGAN, KECERDASAN SPIRITUAL, PENGALAMAN KEUANGAN DAN LOCUS OF CONTROL TERHADAP PERILAKU PENGANGGARAN PENGUSAHA BATU BATA MERAH (DESA MENURAN KECAMATAN BAKI KABUPATEN SUKOHARJO)

This research aim to determine the effect of financial knowledge, spiritual intelegent, financial experince and locus of control on budgeting behavior in SMES brick stone maker in the Menuran village. In this study, using the population of SMES brick stone maker live at Menuran village, This research was conducted by distributing questionnaires to the respondents and using the purposive sampling method for sampling. The data obtained in this study were 90 respondents. The results of this study indicate that: (1) financial knowledge has no effect on budgeting behavior of brick stone maker on Menuran village, (2) spiritual intelegent has no effect on budgeting behavior of brick stone maker on Menuran village, (3) financial experience has no effect on budgeting behavior of brick stone maker on Menuran village, (4) locus of control has negatife effect to budgeting behaviour of brick stone maker on Menuran village.

Experience of evergreen financing in the field of financial technologies

Within the framework of the presented article, the author examines the features of green finance in the field of financial technologies in different countries. The focus is on countries such as the United States and China, which are actively using evergreen financing technology. Attention is focused on the implementation of financing in modern conditions using blockchain on smart devices for mobile banking, investment and loans. Currently, according to the author, financial technologies refer to innovative applications, procedures, goods or business practices in the financial services sector that consist of one or more complementary financial services and are provided as an end-to-end process via the World Wide Web. The article lists the most famous and largest evergreen funds in different countries. Compared to Chinese investors, the participation of American investors in evergreen funds is not unusual. With the rapid development of technology, American "evergreen" investors are trying to find opportunities to invest in startups, new technology companies. This article presents a comparison and analysis of the development of evergreen funding in the USA and China, which will allow applying the experience of these countries in the field of evergreen venture financing in the Russian Federation. Evergreen financing is a concept used to describe the gradual infusion of funds into a company. With evergreen financing, investors provide funds in gradual payments throughout the entire stage of development of the company or product. This is the architecture of a perpetual fund with no set end date. It often gives investors the opportunity to get out of their obligations and allows the fund manager to purchase additional funds. Investors are allowed to reinvest the funds received from realized profits. Thanks to a detailed explanation of the investment direction of the evergreen fund of the two most powerful economic powers, the public will learn more about this technology, its advantages and disadvantages.

How the Financial Environment Influences the Financial Capability and Well-Being of Adults With Brain Injury

<h3>Research Objectives</h3> To explore how the environment or context influences the financial capability and financial well-being of adults who live with acquired brain injury (ABI). <h3>Design</h3> Researchers completed a PhotoVoice study between December 2020 and December 2021. <h3>Setting</h3> Researchers collected data online or in-person to account for varying levels of technology access in the community. <h3>Participants</h3> Researchers recruited 17 adults (18+) who self-identified as living with ABI from urban and rural Manitoba (Canada). Participants were between ages 31-82 years (M=50, SD=13.5); 41% were female. Researchers used maximum variation sampling to ensure varied demographic characteristics. <h3>Interventions</h3> None. <h3>Main Outcome Measures</h3> Over three to eight weeks, each participant took photographs representing their financial capability and well-being experiences. Demographic data was collected via telephone. Participants engaged in a semi-structured interview focused on the meaning of three to seven of their photographs. Researchers thematically analyzed interview transcripts. <h3>Results</h3> The environment was often a tipping-point to financial capability and financial well-being for adults living with ABI. Financial capability and financial well-being were a function of interactions of the person in their specific environment, and the context related to experiences of financial inclusion/exclusion. Environmental aspects that influenced financial capability, financial well-being, and financial inclusion/exclusion included economic (e.g., accessing and understanding products and resources), technological (e.g., navigating apps and websites), physical (e.g., parking access, bank/institution layout), sensory (e.g., lighting, noise), and social (e.g., access to trusted others or supports) contexts. The experience of invisible disability was often a factor proliferating financial exclusion while living with ABI sequelae. <h3>Conclusions</h3> The findings support the need for a holistic and comprehensive understanding of the financial experiences of those living with ABI. There is a need for advocacy to improve the financial inclusion for people living with ABI. Space, practice, and policy innovations could address both the financial and general well-being of adults living with ABI. <h3>Author(s) Disclosures</h3> This study was funded in part by the Government of Canada's Social Development Partnerships Program (disability component).

Board Characteristics and Company Performance: A Case Study for the U.S.

This research aims to investigate corporate board structures and compositions, as well as their interrelationships. An empirical analysis on a sample consisting of 6,962 public traded U.S. corporations was conducted and the "isolation" consequences of board characteristics such as independence, financial expertise, and tenure on a company's earnings quality were examined. Furthermore, it was investigated whether and to what extent the tenure of outside directors influences the "isolation" effects of financial expertise and independence on earnings quality. The Modified Jones model was used to generate discretionary accruals, which were subsequently used to generate accrual-based earnings management. Firms with a more independent board and a higher proportion of outside directors with financial experience are found to have no effect on the degree of accrual-based earnings management. Outside directors' average tenure, on the other hand, has a negative and significant impact on earnings management. The study demonstrates that the average tenure of outside directors affects their independence as well as their financial expertise. Both have a statistically significant positive influence on accrual-based earnings management. This indicates that, even if outside directors are independent and there is at least one outside member with financial expertise on the board, the effectiveness of their monitoring decreases over time. In this study, the quality of earnings is examined using accrual-based earnings management models. The influence of these board qualities on real earnings management, however, has not been studied. As the usage of real earnings management has expanded in the post-SOX era, the utilization of these models is intriguing for future study pertaining to the effect of these characteristics. Furthermore, this study utilized and analyzed only a sample of large public U.S. enterprises, which are larger companies. Due to the SOX requirements to which these larger organizations are subject, this might contribute to a lack of diversity in the board makeup of these companies. This may have an effect on the regression findings by displaying low or non-significant effects. Future research may find it interesting to determine if there are differences between the effects of these governance qualities on earnings management for smaller and larger companies. Based on the findings, it is possible to conclude that when evaluating a firm's profits quality, it is critical to evaluate both the structure and makeup of the board, as well as the individual features of the outside members, such as their tenure. This study adds to the expanding corpus of research on the impact of board characteristics on corporate performance. It focuses on corporations situated in the United States, where corporate governance is a hotly debated topic, particularly after the enactment of SOX. It not only looks at the effect of these characteristics on earnings quality in "isolation", but it also responds to recent calls for researchers to look at the interaction of various board traits. It examines whether and to what extent outside directors' tenure influences the "isolation" consequences of financial expertise and independence on earnings management.

Are outside directors with greater board tenure valuable? Evidence from the last credit crisis

Analyses of bank performance around the 2007–2008 financial crisis indicate that outside directors with financial experience acquired through longer board service at their own banks are more effective than those with financial experience acquired elsewhere. Institutions with more long-tenured independent directors (i) earn higher Cumulative Abnormal Returns (CARs) around the collapse of both Bear Stearns and Lehman Brothers, (ii) limit their risk exposure before the crisis, (iii) exhibit better stock return and accounting performance during the crisis, (iv) are less likely to be bailed out by the U.S. government’s Troubled Assets Relief Program (TARP), and (v) receive proportionally less financial assistance from TARP.

Abstract 15236: A Systematic Review of the Quality of Life (QOL) Assessment Tools Used in Aortic Dissection in the Context of Survivorship

Introduction: The term 'survivorship' describes the therapeutic, functional, psychosocial, and financial experience of living with a chronic condition.This term acknowledges the fact that a patient’s life can be radically altered overnight because of their disease and treatment, but also designates patients as ‘survivors’, having overcome the acute phase (‘acute survivorship’) and now needing to live with, through and beyond their condition (‘extended survivorship’ and ‘permanent survivorship’). The aim of this systematic review was to identify the most frequently used quality of life (QOL) assessment tools and to determine how closely these align to the concept of 'survivorship'. Methods: A systematic literature review was conducted according to PRISMA guidelines. Embase, Medline and the Cochrane Library were electronically searched till January 2022 for studies reporting on QOL in aortic dissection patients. Observational studies and case series studies were included. Due to the degree of heterogeneity existing between the studies, a meta-analysis was not conduced. Study quality was assessed using the Agency for Healthcare Research and Quality (ARHQ) methodology checklist. Results: A total of 27 studies were included, encompassing 32 QOL tools. The most common QOL tool utilised was the SF-36, across 11 studies. Only one qualitative study investigated patient perspectives of living with aortic dissection. Overall, QOL was found to be poor in aortic dissection survivors. All identified QOL tools demonstrated a poor alignment with the survivorship domains. Included studies displayed a moderate to high risk of bias, having small sample sizes and an insufficient follow-up period. Conclusion: This review highlights the absence of an aortic dissection specific QOL tool. All QOL tools identified failed to encompass the breadth of survivorship domains, with a lack of studies focusing on the patients’ perspective. Further research is urgently required to gain an insight into the quality of life of patients who have survived an aortic dissection, and to develop an aortic dissection specific QOL tool, underpinned by the survivorship domains.

Exploring the relationship between corporate governance and firm's performance: Does political connection matter?

AbstractThe purpose of this research is to investigate the influence of corporate board and audit committee characteristics on firm performance as measured by accounting‐based ratios (earnings per share, return on asset, and return on equity) as well as the market‐based measure (Tobin's Q). In addition, this research introduces political connections to examine whether it can moderate the relationship between corporate board characteristics and firm performance. The study reveals that a higher proportion of independent directors and CEO duality positively affected firm performance. However, board meetings and board financial experience have no affected firm performance. The study also shows that audit committee independence, audit committee size, and audit committee expertise are positively related to firm performance. In contrast, it finds no discernible impact of audit committee meetings on firm performance. Our findings also suggest that the beneficial influences of the corporate board, in terms of higher firm performance, are greater in firms with political connections. To the best of the researchers’ knowledge, this is almost certainly the first analysis to examine the relation between the corporate board, audit committee characteristics, and firm performance, and the moderating effect of political connection of this relationship.

Loss aversion and risk propensity in public budgeting

PurposeThis paper applies the theory of loss aversion to public budgeting. It seeks to understand how loss aversion affects recommended budget amounts in two scenarios, one with explicit and one with implied risk levels. It also furthers the understanding of how the personality trait of risk propensity moderates recommended budget amounts in these scenarios.Design/methodology/approachUtilizing original data gathered from experimental vignettes, 339 US-based participants provided budget recommendations on two separate federal education programs. Participants were current budget professionals and master's-level students. One program utilizes a risky choice frame scenario while the other uses a goal frame scenario.FindingsParticipants are more likely to select a risky program option when the options are framed in terms of loss. Additionally, participants recommended larger budgets when they select the riskier program option. When presented with program goals, participants budget more when the goals are framed in terms of loss as opposed to gains. Results on participant risk propensity are mixed.Practical implicationsThe discussion section includes multiple recommendations on how managers can approach budgeting with the intent of obtaining the most efficient budget allocation for the programs under their control.Originality/valueThe study is the first to examine framing and risk propensity in budgeting using two different types of framed messaging. Additionally, it is the only study to ask participants to recommend a budget amount after selecting a risky choice option. Therefore, results are more relevant to the entire process of public budgeting. Also, the study includes a mixture of participants with and without finance experience, providing insight into how different public employees allocate funds.

How top managers’ sport experience exploits environmental proactivity in state-owned enterprises.

Combining the perspectives of upper echelon theory and institutional theory, we investigate how top managers’ sport experience exploits corporate environmental proactivity in China and embed this question into state ownership. With the sample of Chinese listing enterprises from 2008 to 2018, we find that both sport experience and state ownership positively promote corporate environmental proactivity, while state ownership crowds out the promotion of top managers’ sport experience. Further analyses show that position and financial experience of top manager as well as corporate investing efficiency and location matter in these processes. Thus, we extend the understanding of how top managers’ sport experience and state ownership interact and influence corporate environmental proactivity. We, therefore, provide new instruments to promote corporate environmental proactivity and, respectively, extend upper echelon theory from the perspective of top managers’ sport experience as well as institutional theory from the perspective of state ownership.

Fund immunity to the COVID-19 pandemic: Evidence from Chinese equity funds

This paper discusses the connection between public equity fund characteristics and performance reactions to COVID-19 using data over 1300 equity funds across 105 Chinese fund companies. Empirical evidences from over 20 fund characteristics show that the liquidity, diversification and pre-2020 Sharpe ratio, fund management abilities, agency costs can determine the fund immunity to COVID-19. Based on these characteristics mentioned, our empirical results can explain why COVID-19-induced drop in fund performance is milder among open-end funds, active funds, ETFs, and growth funds, and also can explain why funds controlled by private companies or by sino-foreign joint ventures or by companies with more independent directors of financial experiences perform better in the pandemic. Our work also provides some valuable suggestions for investors and regulators confronting an exogenous shock.

Discordance between patient with cancer and caregiving partner self-reported financial toxicity.

182 Background: While financial toxicity (FT) is a well-documented problem facing cancer patients, few studies have simultaneously investigated the financial experiences of patients and their caregiving partners. Here, we report concordance and discordance in experiences of FT between cancer patients and their caregiving partners. Methods: Patients aged ≥18 with stage II-IV breast, lung, or colorectal cancer who had received treatment within the past two years and were married or in a committed, cohabitating relationship were enrolled along with their partners. Patient and caregiver responses to the FACIT-COST (lower scores indicating higher FT; score ≤ 26 meeting FT threshold) were calculated, and dyads were categorized as concordant or discordant in their experience of FT. Logistic regression models were used to explore patient and caregiver predictors of FT. Results: A total of 327 dyads (median patient age 53, 45% stage IV, 36% breast, 44% colorectal, 19% lung) were included in the analysis. Numeric COST scores were lower in patients (27, IQR: 19, 25) than in caregivers (30, IQR: 23,37) and more patients than caregivers met the threshold for FT (45% vs. 34%, p = 0.002). Both members of the dyad had similar FT experiences in 74% of cases (26% and 48% reported FT and no FT respectively) while 26% diverged in their experience of FT (8% of partners reported FT while the patient did not; 18% of patients reported FT while the caregiver did not.) Higher patient age was associated with a reduced odds of patient-reported FT (OR for each year: 0.92, 95% CI 0.86-0.98) while higher odds of FT was seen with increased patient comorbidities (OR: 1.56, 95% CI: 1.26-1.96 for each comorbidity) and patient race (Black OR: 1.41 - &gt; 10 compared to White). Similarly, caregiver comorbidity, caregiver race, and female sex increased the odds of caregiver-reported FT. In addition, the odds of caregiver-reported FT were higher with lower annual household income ($60,000-$120,000: OR: 0.26, 95% CI: 0.09-0.73, &gt; $120,000: OR 0.15, 95% CI 0.04-0.51 compared to less than $60,000), and the presence of children in the home (OR: 4.15, 95% CI: 1.88-9.67). Conclusions: More than a quarter of patients and caregivers had discordant experiences of FT. Assessing both members of a patient-caregiver dyad for FT is therefore critical to understanding the household financial impact of cancer diagnosis and treatment.

Измерение стартового уровня и оценка стартовых факторов финансовой грамотности студентов профтехобразования (на примере Смоленского техникума отраслевых технологий)

Modern realities of life dictate the need for graduates of secondary vocational education to have not only professional competencies, but also to be functionally literate. Financial literacy is one of the components of functional literacy. The purpose of the work is to determine the starting level of financial literacy of students of the Smolensk College of Industrial Technologies and compare it with the national indicators, as well as to assess the starting factors of students' financial literacy. Materials and methods. When developing the materials of the diagnostic study, the open international methodology for measuring the level of financial literacy of the Organization for Economic Cooperation and Development in 2018 was taken as a basis, and the Unified Framework of Financial Literacy competencies for students aged 15-18 was also taken into account. The toolkit developed on the basis of these methods consists of three blocks – “financial knowledge” (17 points), “financial skills” (17 points) and “financial attitudes” (16 points). To achieve the target of the Russian Financial Literacy Index, which is 57%, respondents needed to score 28.5 points. The results of the study showed that the threshold of 28.5 points was not reached. The average score was 18.6 points, which is 37%. In part, the low performance of college students can be explained by starting factors – lack of financial experience, low starting level of general education, low motivation to study, peculiarities of social and economic status. Conclusions. The task of the secondary vocational education system is to increase the level of financial literacy of students. The introduction of elements of financial literacy into curricula and programs must necessarily take into account the specifics of students. It is necessary to focus not only on age characteristics, but also on the starting factors of the target audience

Cancer-related costs, the resulting financial impact and coping strategies among cancer survivors living in a setting with a pluralistic health system: a qualitative study.

Evidence on the financial experiences of cancer survivors living in settings with pluralistic health systems remains limited. We explored the out-of-pocket costs, the resulting financial impact and the coping strategies adopted by cancer survivors in Malaysia, a middle-income country with a government-led tax-funded public health sector, and a predominantly for-profit private health sector. Data were derived from 20 focus group discussions that were conducted in five public and private Malaysian hospitals, which included 102 adults with breast, cervical, colorectal or prostate cancers. The discussions were segregated by type of healthcare setting and gender. Thematic analysis was performed. Five major themes related to cancer costs emerged: 1) cancer therapies and imaging services, 2) supportive care, 3) complementary therapies, 4) non-medical costs and 5) loss of household income. Narratives on out-of-pocket medical costs varied not only by type of healthcare setting, clinical factors and socioeconomic backgrounds, but also by private health insurance ownership. Non-health costs (e.g. transportation, food) and loss of income were nonetheless recurring themes. Coping mechanisms that were raised included changing of cancer treatment decisions, continuing work despite ill health and seeking financial assistance from third parties. Unmet needs in coping with financial distress were especially glaring among the women. The long-term costs of cancer (medications, cancer surveillance, supportive care, complementary medicine) should not be overlooked even in settings where there is access to highly subsidised cancer care. In such settings, patients may also have unmet needs related to non-health costs of cancer and loss of income.

Потенціал фінансування відбудови економіки України з врахуванням критеріїв ESG

Introduction. In 2022, in the conditions of the Russian military invasion of Ukraine, a security component acquires special importance also at the global level. In Ukraine, there is a need to restore and rebuild the economy, based on new technologies, alternative raw materials and with the formation of new chains of interaction. After all, it is the qualitative renewal that will contribute to maintaining the position of the national economy on international markets, where ESG criteria are taken into account when making investment decisions. Problem Statement. Assessment of the prospects of attracting financial resources for the purposes of comprehensive recovery of the economy of Ukraine, taking into account the priorities determined at the national level. Purpose. To substantiate proposals for the selection of possible sources of financing for the reconstruction of the economy of Ukraine, namely, qualitative recovery, based on the preservation of the appropriate level of environmental, social and managerial components, to determine possible ways of integrating ESG criteria into the development of the domestic economy. Methods. General scientific and special methods were used, in particular: scientific abstraction and epistemological (content) analysis, synthesis, induction and deduction, analogies and systematization, system-structural analysis, expert evaluation method, index and grouping methods. Results. The article examines the directions of post-war economic reconstruction in the world, in particular, the Marshall Plan for Western Europe after the Second World War and the case of the reconstruction of South Korea after the Korean War. In addition, the study emphasizes the directions and priorities of the recovery of the economy of Ukraine. Given the possibilities of combining recovery and ESG criteria, it is proposed to consider specific funds within the framework of the pyramid of economic recovery of Ukraine. In particular, the possibilities of financing through the efforts of state funds, examples of the creation of business funds and successful foreign experience of grant financing and crowdfunding are determined. Conclusions. Reconstruction of the national economy is possible due to the transition of basic economic and social processes to a qualitatively new level. For this, it is important to combine financing opportunities for ESG projects in Ukraine at different levels, taking into account international experience. The study of the financing potential of the reconstruction of the economy of Ukraine, taking into account the ESG criteria, makes it possible to draw a conclusion about the activation of socio-economic development and future growth, in particular, possible directions and sources of stimulation in the context of the implementation of ESG projects by the efforts of domestic stakeholders. Thus, the integration of ESG principles into the processes of post-war economic recovery of Ukraine is inevitable.

Personal Financial Management Skills Of University Students and Their Financial Experiences During The Covid-19 Pandemic

Abstract: Purpose: The main purpose of this study was to assess university students’ financial management skills and their financial experiences during the Covid-19 pandemic. Research methodology: The research adopted the explanatory sequential mixed methods research design where a survey of 181 students on work-related learning was conducted using questionnaires and qualitative interviews. Data were analyzed using IBM SPSS Statistic 27 Results: The study established that the majority of the students do not have a budget, run out of money before receiving the next income, have no funds set aside for uncertainties or medical expenses related to the Covid-19 pandemic, and to make ends meet most of the students borrow money from relatives and friends. The majority of students struggled financially because of the Covid-19 pandemic. Limitations: Questionnaires and interviews were only distributed/conducted online due to the Covid-19 pandemic. Contribution: Personal financial management skills are a vital human capital skill for students. Therefore the need to explore such skills and financial experiences of University students during the Covid-19 pandemic for the first time. Keywords: 1. Personal financial management skills 2. financial planning 3. financial experiences

The Influence of Financial Literacy, Financial Experiences on Investment Planning Behavior

Abstract. Introduction. Investment planning is an important aspect of financial management, where investment is defined as the use of capital to make money, either through income-generating ways or through riskier enterprises aimed to generate profits. Financial Experiences play an essential role in financial practice, which is the process by which civil servants gain experience through experiences that are sensed individually as a result of environmental stimuli and impart a particular impression. Financial Experiences have a good link with investment planning, Financial Experiences that have a significant and positive impact can encourage civil servants to start paying more attention to their financial experience, allowing them to plan future investments with greater care. Purpose. This research aims to investigate the direct effect of financial literacy and financial experience on investment planning behavior, as well as the indirect effect of financial literacy and financial experience on investment planning behavior, via self-control as an intervening variable, among civil servants in the Palembang City Government Regional Secretariat. Using a sample of 200 civil servants from the Regional Secretariat of Palembang City. Results. Financial Literacy has an effect on self-control, as shown by the results of a data analysis. A positive estimate value indicates that the effect is positive. Financial Experiences have an effect on self-control. Financial Literacy influences the behavior of Palembang City Regional Secretariat Civil Servant investment planning. Conclusions. This study concludes that financial literacy and financial experience have a positive influence on self-control and investment planning behavior, and that financial literacy and financial experience can be mediated by self-control.