Financial Knowledge Research Articles

Influence of Financial Knowledge and Financial Attitude on Investment Decisions of UIN Raden Mas Said Surakarta Students

Influence of Financial Knowledge and Financial Attitude on Investment Decisions of UIN Raden Mas Said Surakarta Students

Effect of Financial Knowledge on Mentorship and Training of Youth by Young Life Rwanda of the Selected Groups of the Selected Districts of Rwanda Provinces

Effect of Financial Knowledge on Mentorship and Training of Youth by Young Life Rwanda of the Selected Groups of the Selected Districts of Rwanda Provinces

Financial Education or Incentivizing Learning-By-Doing? Evidence from an RCT with Undergraduate Students

We study the effects of digital financial education interventions on undergraduate students’ financial knowledge in a small-scale RCT. We test the substitutability or complementarity of two treatments: an online video financial education treatment and an incentive-based approach where students are issued pre-paid voucher cards worth 50 EUR to register with a broker specializing in robo-advised investment in Exchange Traded Funds (ETFs). Three months after the intervention, the video treatment enhanced financial knowledge scores by more than 0.5 standard deviations. Conversely, the vouchers showed no effect. The findings suggest that subsidies encouraging robo-advised investment into ETFs cannot substitute direct financial education in our setting, and there is no evidence for complementarity between these interventions.

Seminar Literasi Keuangan Mengenai Kebutuhan dan Investasi Melalui Kegiatan Talk Show Keuangan

Determining the priority scale of needs in daily life is often a problem for some people, especially the younger generation. Not infrequently, some people are often trapped by online loans which are definitely detrimental to the victims. This problem is caused by the low understanding of financial literacy. This community service was carried out using a discussion method packaged in the form of an open talk show which was attended by the society and more focused on young people, especially those with student status, numbering around 40 participants. This financial literacy discussion activity focuses on discussing financial topics about how someone can manage needs and investments. The output of this community service is increased public understanding regarding financial management to meet daily needs and investment needs. It is considered very important for the public society and the younger generation to have knowledge related to basic financial management so that they can be wiser in making financial decisions. This community service can be used as a forum or means to share basic financial knowledge related to investment and daily financial management to create financial stability.

The Psychology of Saving : How Mindset Impacts Financial Competence

This study investigates the dynamics of financial competence among customers and employees of Bank BNI, focusing on the roles of mindset, saving behavior, and financial knowledge. Using a quantitative research design with a sample size of 100 participants selected through random sampling, data were analyzed using Smart PLS for path analysis. The findings reveal significant direct relationships: mindset positively influences both financial knowledge (FK) and financial competence (FC), while saving behavior directly enhances FC. Additionally, indirect effects show that both mindset and saving behavior contribute to FC through their positive impacts on FK. These results highlight the critical importance of psychological factors and proactive financial behaviors in shaping individuals' financial capabilities. For Bank BNI, promoting a positive financial mindset and supporting disciplined saving practices could effectively enhance financial literacy and decision-making among stakeholders. Future research could explore additional variables and interventions to further refine strategies for fostering financial competence across diverse demographic groups.

Financial Literacy in the Age of Digital Finance: A Global Perspective

Global financial landscapes have changed recently due to the digitalization of financial services, which presents opportunities and difficulties for improving financial literacy. To comprehend how digitalization affects people's financial knowledge, abilities, and behaviors across various socioeconomic and cultural contexts, this study investigates the effects of digital finance on financial literacy levels globally. The main goal is to look into how digital finance affects financial literacy around the world. To clarify the main factors influencing financial literacy in digital contexts, this study will examine the body of existing literature and empirical research. Additionally, it seeks to evaluate the success of ongoing financial literacy programs and suggest methods for improving financial literacy in the face of growing digitization. The study makes use of qualitative research techniques, which include a thorough evaluation of the literature that includes scholarly articles, reports, and policy papers. In addition, document analysis of industry reports and regulatory frameworks pertaining to digital finance and financial literacy is part of it. Effective personal financial management requires financial literacy, which is becoming more and more important when it comes to digital finance. Peer-to-peer lending, digital wallets, and mobile banking are examples of digital finance. While they increase financial inclusion, they also come with a learning curve that must be overcome in order to fully reap the rewards. Research highlights the beneficial relationship between better financial decision-making and financial literacy, which is aided by digital learning resources. Consumer education on digital financial hazards is particularly important in light of challenges with consumer protection and data privacy. Programs for financial literacy that are effective should be customized for a range of demographics and make use of digital platforms to increase relevance and involvement. Developing strong regulatory frameworks to protect digital financial transactions, raising consumer awareness through focused educational initiatives, and improving financial literacy programs to incorporate training in digital financial skills are some of the recommendations. Improving digital infrastructure and adapting educational activities to local contexts are necessary to address global inequities. It is advised to do longitudinal study to evaluate long-term effects, and novel pedagogical strategies such as gamification ought to be investigated to improve financial practices worldwide. This conclusion of the study emphasizes how critical it is to address issues and take advantage of opportunities in digital banking in order to improve global financial literacy. By putting these suggestions into practice, stakeholders can create a robust and inclusive financial ecosystem that protects consumer interests and encourages responsible financial conduct while enabling people all around the world to successfully manage digital banking. In the digital era, this study supports evidence-based policies and practices that promote financial inclusion and sustainable economic development.

Literasi Keuangan dan Pilihan Investasi Masyarakat Aceh

This study examines the relationship between financial knowledge and attitudes towards finance with individual financial behavior within the framework of the Lacanian perspective. The research defines financial knowledge as the symbolic dimension of an individual's mind encompassing concepts of finance, investment, and debt management. Attitudes towards finance are described as the imaginative aspect of an individual's personality involving views, preferences, and emotions related to money and financial management. Utilizing a statistical analysis approach, the study uncovers a significant correlation between financial knowledge, attitudes towards finance, and financial behavior. However, the research outcomes must be interpreted cautiously due to potential confirmation bias and heuristic effects in data interpretation. Managerial implications of this study involve the development of financial education programs aimed at shaping prudent and responsible financial behavior.

Factors Influencing Young People's Preferences for Sharia Mortgage Financing in Indonesia

A house is a primary need for humans, this is because a house is a place to live and a place of shelter. With the increasing population, of course, the need for houses also increases, so it will affect the price. The problem of price is a problem for young people in buying a house and KPR is a solution offered so that young people can buy a house. This study aims to examine what factors influence young people's preferences for Sharia KPR. This study uses multiple linear regression analysis with SPSS 25.0 tools, and this study uses a sample size of 184 respondents. The data in this study are primary data obtained from respondents by distributing them via google form. The results of this study indicate that the variables of religiosity, Islamic branding and Islamic financial knowledge have a positive and significant effect on young people's preferences regarding Sharia KPR. The conclusion of this study states that religiosity, Islamic branding and Islamic financial knowledge have an influence on young people's preferences regarding Sharia KPR.

Pengaruh Literasi Keuangan terhadap Keputusan Investasi Mahasiswa Banten

Students are a group of people who are vulnerable to the temptation of a consumer lifestyle. Therefore, adequate financial knowledge is required to take appropriate investment decisions. The aim of this research is to analyze the influence of financial literacy on student investment decisions in Banten Province. This research uses quantitative methods with questionnaire data collection techniques. Data were analyzed using multiple regression. The findings show that financial literacy has a positive and significant effect on student investment decisions in Banten Province. These results indicate that financial literacy is an important factor that needs to be considered in efforts to increase student investment participation. Based on this research, there is a need for ongoing financial literacy training and outreach to Banten students to increase their knowledge and understanding of investment so that they can make smarter and more profitable investment decisions.

Money at my Fingertips: Decoding the Role of Referent Network Size and Financial Knowledge in Reinforcing Continuance Intention of m-Payment Services

ABSTRACT Service providers are ardent about promoting mobile payment (M-payment) technologies that enhance customer experience and foster a favorable attitude toward M-payments. Considering this, our study investigates the continuance intention of M-payment services, encouraging mobile users to utilize M-payments in their everyday financial transactions. Our research used structural equation modeling (SEM) to expand the horizons of the unified theory of acceptance and use of technology 2 (UTAUT2) and the traditional behavioral intention model (TBIM) in M-payments. The survey examined the intention of 620 mobile users to continue using M-payment services. Mediation and moderation techniques explored the models’ direct and indirect relationships. The results show that users’ attitude toward M-payment is amplified by quality of service, financial knowledge, perceived enjoyment, and referent network size, further escalating the continuance intention of M-payment services. Customers’ attitudes toward M-payment services partially mediate the relationship between the underlying constructs. Moreover, perceived customer responsiveness strengthens the link, whereas perceived technological uncertainty weakens the association between user attitude toward M-payment services and continuous intention. The study results could be useful for various stakeholders, including M-payment service providers, retail managers, customers, marketing companies, and policymakers, in enhancing India’s digital payment infrastructure.

Pengaruh Literasi Keuangan Terhadap Kesejahteraan PNS di Kota Bengkulu

This research aims to examine the influence of financial literacy on the welfare of Civil Servants (PNS) in Bengkulu City. Using the Structural Equation Modeling (SEM) model and SmartPLS 4.0 software, this research analyzed data from 60 respondents who were civil servants in Bengkulu City. The variables used in the research are financial behavior, financial attitude and financial knowledge and welfare. The research results show that financial behavior, financial attitude and financial knowledge have a significant influence on the welfare of civil servants. Good financial behavior, positive financial attitude and adequate financial knowledge have been proven to improve the welfare of civil servants. This research provides new insights into the factors that influence the welfare of civil servants and suggests that government agencies can consider these aspects in designing human resource development programs. In doing so, this research contributes to the behavioral finance and welfare literature of civil servants, as well as providing practical implications for human resource management in the public sector.

Management Students' Perception Towards Investment in Equity Markets

The fascination with the equity market, which is renowned for its ability to generate exponential wealth, has captivated individuals from different generations. However, for those who are new to the financial landscape, the idea of investing can be overwhelming. This is especially true for management students who possess business acumen but have limited experience navigating the complexities of the stock market. As these students prepare to enter the professional world, where making personal financial decisions is crucial, it becomes essential to understand their perceptions of equity market investment. This research project aims to thoroughly explore the attitudes, beliefs, and concerns of management students regarding their participation in the equity market. By carefully examining their financial knowledge, risk tolerance, and motivations for investing, the project seeks to create a detailed understanding of how this important demographic perceives the dynamic and influential financial realm of equity markets. This exploration is vital as it provides valuable insights into potential obstacles and opportunities for stakeholders such as financial institutions, policymakers, and educators. The findings obtained from this study have the potential to guide specific interventions and initiatives in various fields. Armed with these insights, financial institutions can develop investment products and services that are tailored to the specific needs and preferences of management students. Policymakers can also benefit from these findings by using them to design targeted financial literacy programs that aim to empower future business leaders with the necessary knowledge and confidence to navigate the financial landscape responsibly. Additionally, educators can seamlessly incorporate the project's discoveries into their curriculum, ensuring that management students acquire the essential financial literacy skills needed to make informed and responsible investment choices. Ultimately, the goal of this research project is to make a significant contribution towards shaping a generation of financially knowledgeable individuals who can actively participate in and meaningfully contribute to the economic ecosystem. Key Words: · Equity Market · Management Students · Portfolio Decision-making · Financial Literacy · Investment Behavior

EXPLORING THE INFLUENCE FROM FINANCIAL KNOWLEDGE FOR RETIREMENT AND RETIREMENT SELF-EFFICACY ON LIFE SATISFACTION THROUGH THE MEDIATOR - RETIREMENT READINESS AMONG WORKING ADULTS IN CHINA

Objective: The main purpose of this study is to explore the influences of Financial Knowledge for Retirement and Retirement Self-efficacy on Life Satisfaction, with a specific focus on the mediating role of Retirement Readiness among working adults in China. Theoretical Framework: The study is grounded in the context of China’s aging population and slowing economic growth, highlighting the increasing importance of Retirement Readiness. It posits that Financial Knowledge for Retirement and Retirement Self-efficacy are key determinants of Retirement Readiness, which in turn impacts Life Satisfaction. Method: Utilizing a quantitative research methodology, data were collected from a stratified sample of working adults in China, covering diverse age groups, regions, and occupational backgrounds. Results and Discussion: The findings confirm all five proposed hypotheses, demonstrating that both Financial Knowledge for Retirement and Retirement Self-efficacy have a statistically significant impact on Retirement Readiness. Retirement Readiness, in turn, has a statistically significant influence on Life Satisfaction. This suggests that enhancing financial knowledge and self-efficacy in retirement planning can improve Retirement Readiness and, consequently, Life Satisfaction among working adults in China. Research Implications: The study highlights the importance of financial education and tailored guidance for retirement planning. It suggests that working adults, policymakers, educators, financial advisors, and researchers should focus on improving Financial Knowledge for Retirement and Retirement Self-efficacy to help individuals better prepare for retirement. Originality/Value: This study provides a comprehensive investigation into the determinants of Life Satisfaction among working adults in China, with a particular emphasis on the mediating role of Retirement Readiness.

Factors that Influence Impulse Buying: A Literature Review

An individual's personality, way of thinking, social interactions, and response to situations play an important role in impulse buying behavior. This phenomenon is now common among consumers, who often initially have the goal of buying one item but are tempted to buy additional items that attract attention while at the market. This article reviews the impulse buying literature, the focus is on understanding the phenomenon and the factors that influence it in the purchasing context. The method used is Systematic Literature Reviews (SLR). ). The research results show several factors that influence consumer impulse buying behavior. Positive emotions, store atmosphere, and financial knowledge interact to influence impulse buying tendencies.

Comparative effects of self-evaluated and test-based financial literacy on choosing life insurance policies in a multi-racial context

This study investigates the relationship between financial literacy and the choice of life insurance policies in the multi-racial context of the United States. Both subjective and objective measures of financial literacy are considered important factors in shaping consumer behavior in the life insurance market. Methods: Logistic regression analyses were conducted using data from the 2022 Survey of Consumer Finance to explore how financial literacy is related to the ownership of different types of life insurance, including term insurance, cash value insurance, and a combination of both. The analysis controlled for demographic variables such as age, race, and marital status. Results: The results show that subjective financial literacy significantly influences the ownership of all types of life insurance, while objective financial literacy only affects ownership of term insurance. Demographic factors, such as belonging to Generation X, or being married, also have a positive impact on life insurance ownership. Higher levels of education and income are associated with a higher likelihood of owning life insurance, while unemployment has a negative impact. Conclusion: The findings highlight the central role of subjective financial literacy in motivating individuals to purchase life insurance. Confidence in one's financial knowledge appears to be more influential than actual knowledge when making insurance decisions. Therefore, financial education programs should aim to improve both financial knowledge and confidence to encourage wider adoption of life insurance, ensuring greater financial security for diverse populations.

The influence of financial knowledge on financial management behavior with locus of control and financial attitude as mediation variables

The rapid development of Financial Technology (Fintech) has had an impact on Indonesia's digital economy. Paylater has become the service people choose to meet their daily needs in addition to the increasing number of business transactions carried out electronically (ecommerce). The increase in the use of paylaters in e-commerce increases every year, accompanied by negative impacts such as impulsive buying and consumptive behavior that can befall users and heve derimental impact, especially Generation Z on the island of Java, if they do not have good Financial Management Behavior. The unique phenomenon that currently occuring is that there is an increase in the knowledge possessed but the Non Performing Loan (NPL) rate is also high. This research aims to determine the factors that influence of Financial Knowledge on Financial Management Behavior with Locus of Control and Financial Attitudes as mediation. This research is categorized as explanatory research. The respondents in this study were Generation Z e-commerce paylater users on the island of Java. The sample size in this study was determined using a purposive sampling technique with a total sample of 317 respondents. The data collection method uses a questionnaire, data is analyzed using PLS-SEM. The research results show that Financial Knowledge influences Financial Management Behavior and Locus of Control and Financial Attitudes as a psychological variable added based on Behavioral Finance partially mediate this relationship. It is hoped that beside from increasing their knowledge, ecommerce paylater users on the island of Java must have faith for what in what they can get in the future is controlled by themselves and attitudes in carrying out financial management.

Factors Mediating the Association between Financial Socialization and Well-Being: An African American Perspective

Abstract This study examines the relationship between financial socialization and well-being (financial and subjective) mediated by three motivations: financial knowledge, goal setting, and self-control, either directly on financial behaviors or indirectly through financial skills on financial behaviors of African Americans compared with European Americans. Researchers used an integrated concept derived from Gudmunson and Dane’s (2011) Financial Socialization framework and Fisher and Fisher’s (1992) Information Motivation Behavior Model to examine National Financial Well-Being Survey data. Researchers found a significant difference between African Americans and European Americans when “self-control” mediates directly through financial behaviors and indirectly through financial skills. There is also a significant difference in the relationship when “goal setting” mediates the relationship indirectly through skills in financial behaviors. Finally, there is a significant difference when “financial knowledge” directly mediates financial behaviors. Specifically, the findings imply that self-control is one of the most impactful factors on African Americans’ well-being.

ESG Perceptions: Investigating Investor Motivations and Characteristics

Integrating ESG factors into investment strategies is a rapidly growing trend, but less is known about how investors value these ESG factors. The characteristics of investors prioritizing ESG in their decisions remain under-recognized. This study uses the Value-Belief-Norm conceptual framework to investigate the relationship between socially responsible motivation and the perceived importance of ESG when making investment decisions. How financial-related, sociodemographic, human capital, and economic variables correlate with the perceived value of ESG was explored. Analyzing data from the 2021 National Financial Capability Study (NFCS) State-by-State and Investor Survey through cumulative logistic regressions, the findings revealed that socially responsible motivation was significantly and positively linked to the likelihood of assigning greater importance to ESG factors. Variables such as objective and subjective financial knowledge and investment experience in years emerged as significant factors. The segment analysis, which was differentiated based on the presence of socially responsible motivation, further highlighted that financial knowledge and investment experience are significantly associated with the importance placed on ESG factors.

The effect of Islamic Financial Literacy and religiosity on the interest of saving Generation Z in Islamic banks

The growth of savings interest in generation z is inseparable from the influence of social media. The growth of interest in saving gen z at Islamic banks is inseparable from a good social media marketing strategy. The purpose of this study is to determine how sharia financial knowledge and religiosity influence the decision of University of Muhammadiyah Lampung students to save at Islamic banks. In this study, interest in saving as the dependent variable, and Islamic financial literacy and religiosity as the dependent variable. This research using a quantitative approach. The population in this study were Students of the Faculty of Islamic Religion at Muhammadiyah Lampung University class 2020-2023. The primary data used came from a questionnaire with a total of 100 respondents. The sampling technique used non-probability sampling technique. The analysis technique in the study used multiple regression analysis analysis and processed using spss. The results showed Fcount is greater than Ftable, namely 38.743 smaller than 2.669 and Ho is accepted. This shows that sharia financial literacy (X1) and religiosity (X2) affect the interest in saving (Y) simultaneously.

Financial Literacy on Banking Sector Credit Usage: Evidence from Sri Lanka

This study uses quantitative analysis to investigate the relationship between financial literacy and credit usage in the banking sector in Sri Lanka. A sample of 210 respondents from various regions, including the rural Welioya and urban Colombo Fort, was selected to provide diverse perspectives on financial behaviours. Financial literacy, the independent variable, was assessed through respondents' knowledge in critical areas: interest compounding, inflation, time value of money, returns, and risk management. These components represent the fundamental financial understanding necessary for informed credit decisions. The dependent variable, banking sector credit usage, included various forms of credit such as personal loans, credit cards, and mortgages. Data were collected through structured interviews and questionnaires, comprehensively capturing respondents' financial knowledge and credit usage behaviours. The data were analyzed using SPSS software, facilitating robust statistical analysis. Descriptive statistics showed satisfactory financial literacy and banking sector credit usage levels, indicating basic financial proficiency and active engagement with banking credit facilities. Further inferential analysis using correlation and regression tests revealed a significant positive correlation between financial literacy and banking sector credit usage. Individuals with higher financial literacy were likelier to utilize banking credit effectively and responsibly. These findings underscore the critical role of financial literacy in enhancing banking sector credit usage. Improved financial literacy leads to better understanding and management of credit, contributing to more stable personal finances and overall economic well-being. For policymakers and educators in Sri Lanka, these insights highlight the importance of financial education initiatives. By investing in programs that boost financial literacy, it is possible to foster more informed and prudent credit usage, ultimately contributing to the stability and growth of the national economy.