Financial Literacy Research Research Articles

Research Study of Financial Literacy in Southeast Asia, Especially Indonesia and Malaysia: A Bibliometric Analysis

This study aims to analyze trends, scientific contributions, and collaborations in financial literacy research in Southeast Asia using bibliometric methods. A total of 635 documents from the Scopus database, published between 2009 and 2024, were analyzed through co-citation, keyword co-occurrence, and bibliographic coupling techniques using VOSviewer. The analysis identified key contributors, leading affiliations, countries, and emerging research themes in the field. Results show a significant increase in publications, particularly after 2021, peaking in 2023. Indonesia and Malaysia emerge as the leading contributors, with Universiti Malaya and Universiti Teknologi MARA being prominent institutions. Malaysian authors, particularly Sabri, MF, dominate the region’s research landscape, while Indonesia leads in overall contributions. Themes such as financial behavior, Islamic financial literacy, fintech, and financial education are prominent, reflecting the growing complexity of financial literacy in the digital age. Notably, international collaborations involving Southeast Asian researchers with counterparts in the United States, the United Kingdom, and Germany underscore the global attention this field is attracting.this study emphasizes the need for enhanced cross-country and multidisciplinary collaboration to address financial literacy disparities in southeast asia. The findings are expected to inform targeted policies, foster innovation, and strengthen regional financial education initiatives, ultimately contributing to economic stability and inclusion in Southeast Asia.

Financial Literacy and Banking Sector: A Bibliometric Analysis of Scientific Research Papers

Financial literacy is the knowledge and skills to manage money effectively, including budgeting, saving, investing, and borrowing. It empowers individuals to make informed financial decisions aligned with their goals, essential for navigating financial complexities and achieving financial well-being. This article aims to do a systematic literature review on financial literacy in the banking sector to identify the research gap in the Nepalese context. The study is based on the systematic literature review using the Bibliometric analysis of scientific research articles published online through Dimension.ai. The data were searched by covering the year from 1992 to 2024 with the keyword ‘Financial Literacy & Banking Sector’. A total of 283 articles were found in Dimension.ai then it was analyzed from the Virtual Object System (VOSviewer). The findings of the review show that the data on financial literacy in the banking sector revealed a significant increase in publications and citations over recent years, with notable contributions from India and key institutions like the Indian Council of Social Science Research (ICSSR) and Jawaharlal Nehru University (JNU). However, the recent decline in the percentage of cited publications indicates a need for improved research quality. The findings of this study give new knowledge about the prevailing status of scientific studies on financial literacy and its impact on the banking service. However, in the Nepalese context, no studies are found in Dimension.ai. So, it is recommended that researchers focus on producing high-quality, impactful studies and foster greater academic collaboration to enhance visibility and influence. Supporting underrepresented regions in financial literacy research can further diversify and strengthen the field.

The Effect Of Financial Literacy On The Lifestyle Of Gen-Z Accounting Students Unismuh Makassar

This research aims to examine the influence of financial literacy on the lifestyle of Gen-Z Unismuh Makassar accounting students. This research uses quantitative methods. The sample in this study took 2020 Accounting Students from the Faculty of Economics and Business, Muhammadiyah University of Makassar.This research data was obtained from a questionnaire (primary data). The research results from data processed using SPSS 26 statistical calculations. Based on the partial SPSS 26 output results, the financial literacy research results obtained a tcount of 5.145 while the ttable was 1.995, meaning that t_count was 5.145 > t_table 1.995. This indicates that financial literacy has a positive and significant influence on the lifestyle of Gen-Z Accounting Students. The suggestion from this research is for Accounting Students at the Faculty of Economics and Business, Muhammadiyah University of Makassar to further improve their understanding and abilities in Financial Literacy towards their limited lifestyle so that it is better and for future researchers it is hoped that they can add other indicators and variables.

Technology-mediated education for marginalized populations: financial literacy gap

A person's financial attitude includes thoughts, attitudes, and confidence in managing money. A positive financial attitude is crucial for responsible financial behavior and long-term well-being. Financial literacy includes behavior and financial consequences, not just information and abilities. The themes above are linked to financial behavior, including saving, spending, debt management, and investment choices. Technology in financial education may reduce financial literacy gaps in emerging nations. Technology-mediated financial education is scalable, cost-effective, adaptable, and can reach populations with inadequate financial services, according to this study. Financial literacy research should provide empirically supported distribution strategies based on target population characteristics and contextual needs. Computer literacy, language, and cultural appropriateness issues require more research. Evaluating digital inclusion and divide reduction efforts is crucial. However, this system has unique challenges. An extensive literature review over the previous decade was conducted using "ABIInform," "EBSO Host," "Emerald," "Google Scholar," "Science Direct," "ProQuest," "Web of Science," and "ERIC." The study used "financial literacy," "technology-mediated," "financial education," and "developing countries." Insufficient infrastructure, access, linguistic and cultural barriers, and community alienation are the impediments. Insignificant. This study critically reviews technology-mediated financial education literature in developing nations. A complete assessment of long-term consequences, a comparative examination of distribution techniques, and a research methodology are needed. This study focuses on how the digital divide affects underprivileged communities' financial literacy. Due to the need for more knowledge, more research is needed on how limited technological access affects financial understanding. Addressing this deficit requires more investigation.

Bibliometric Analysis of Msme Digitalization and Financial Literacy for Efforts to Increase Post-Pandemi Income in 2018-2023

Knowledge of financial literacy is an important aspect of life. In practice, there are several advantages that are obtained by MSMEs due to increased knowledge and ability to manage a business better. Apart from being able to boost financial benefits through increasing online sales and providing benefits for buyers with the opportunity to save costs, what is equally important is that MSME financial literacy will also open new spaces that can prevent MSME actors from collapsing in the economic crisis. This study aims to analyze scientific articles to map MSME digitization research and financial literacy by theme, location and research subject as well as the research methods used. This type of research is a qualitative approach. The research data collected in this study from the Google Scholar citation web page used the Harzing's Publish or Perish application. The results showed that the years 2018-2023 were indexed on Google Scholar the highest in 2022 which reached 467 publications (47.08%) . The most publications by type of article are as many as 929 (93.65%). The growing public awareness and need for understanding financial literacy is one of the factors in increasing financial literacy research.

Global Research on Financial Literacy

The paper presents bibliometric analysis of financial literacy for the year (2011-2020). A sum of 2227 was found using the Scopus database. The findings indicate gradual increase in research over the years articles. The Journal of Financial Counselling and Planning has produced more articles followed by the Journal of Consumer Affairs and Sustainability (Switzerland). The research on financial literacy appears in multidisciplinary journals, including consumer studies, social and economic education, extension, and sustainability. Lusardi A of George Washington University has contributed the highest articles. The USA has emerged as the leading contributing country in financial literacy research. The keywords that appeared the most frequently were financial literacy, financial education, financial inclusion, and financial capability. This work would provide an overview of financial literacy research.

Financial Literacy Research on The Mechanism of Action of Residents' Property Income and Path

Property income, as a kind of derived wealth, may produce the Matthew effect of "the poor getting poorer and the rich getting richer", which in turn leads to further widening of the wealth gap and more serious income disparity among residents. Based on the 2014 data of the China Household Tracking Survey (CFPS), we analyze the relationship between financial literacy and residents' property income using Tobit model, Probit model, Poisson regression and Sobel test. This paper finds that financial literacy has an enhancing effect on residents' property income. Mechanism and path analysis found that risk attitude and financial planning play a mediating effect in the process of financial literacy affecting residents' property income.

Mapping Financial Literacy: A Systematic Literature Review of Determinants and Recent Trends

Financial literacy is a critical life skill that is essential for achieving financial security and individual well-being, economic growth and overall sustainable development. Based on the analysis of research on financial literacy, we aim to provide a balance sheet of current research and a starting point for future research with the focus on identifying significant predictors of financial literacy, as well as variables that are affected by financial literacy. The main methods of our research are a systematic literature review, and bibliometric and bibliographical analysis. We establish a chronological path of the financial literacy topic in the scientific research. Based on the analysis of the most cited articles, we develop a comprehensive conceptual framework for mapping financial literacy. We identified a large number of predictors of financial literacy starting with education, gender, age, knowledge, etc. Financial literacy also affects variables such as retirement planning, financial inclusion, return on wealth, risk diversification, etc. We discuss in detail the main trends and topics in financial literacy research by involving financial literacy of the youth, financial literacy from the gender perspective, financial inclusion, retirement planning, digital finance and digital financial literacy. Our research can help policymakers in their pursuit of improving the levels of individual financial literacy by enabling individuals to make better financial decisions, avoid financial stress and achieve their financial goals. It can also help governments in their efforts in achieving sustainable development goals (SDGs).

Pengaruh Literasi Keuangan terhadap Pengelolaan Keuangan Pelaku Usaha Tani di Kota Makassar

This Financial Literacy Research is a research that uses a quantitative descriptive quantitative method. This study used 30 respondents where all of these respondents. The results obtained in this study indicate that there is a significant effect of financial literacy on financial literacy financial management. This can be seen from the results of the statistical analysis of the data used, where financial literacy shows a partial effect on financial management. after testing the coefficient of determination, the results show that financial literacy affects financial management by 15.4%, while the other 84.6% is influenced by other factors not examined.

Financial Literacy: A Bibliometric Literature Review

Abstract This research analyzes the evolution of financial literacy literature. Specifically, the study performs bibliometric analysis to examine the descriptive, intellectual, and conceptual structure of financial literacy research. This bibliometric analysis covers the period between 1963 and 2021, and is based on 4 489 articles retrieved from two databases: Web of Science and Scopus. The findings illustrate certain keywords that emerged between the two periods, and reveal that financial literacy research has not yet reached maturity. Keywords: Financial literacy, Bibliometric analysis, Intellectual structure, Conceptual structure, Web of Science, Scopus, R package, VOSviewer, Triangle inequality.

The Relationship of Financial Literacy and Financial Inclusion in Attracting Student Interest to Become Customers Syariah Banking

The presence of students in the world of Islamic banking as a young generation provides an opportunity for banks to continue to exist in the midst of existing competition. This study investigates how the influence of financial literacy and Islamic financial inclusion in attracting customer interest from among students. This research uses a type of quantitative research with statistical data. The number of respondents was 144 respondents who were students of the Islamic banking study program at the Parepare State Islamic Institute and Parepare Muhammadiyah University. Data analysis technique is a process used to manage research results in order to obtain a conclusion. Statistics is knowledge about data collection, data classification, data presentation, data management, drawing conclusions and making decisions based on certain problems. one sample t test, multiple linear regression test. Partial Test (t test), Simultaneous F Test and Coefficient of Determination Test. The results of the Financial Literacy research show that from the sample calculation values ​​above, it is found that the average financial literacy is 43.2% of what is expected. Thus financial literacy is in the good category. Financial inclusion, shows that from the sample calculation value above, it is found that the average financial inclusion = 28.8% is in the good category. Interest in Using Islamic Financial Institutions, shows that from the sample calculation value above it is found that the average financial literacy is 21.6% of what is expected. The correlation coefficient is 0.804 with a significance of 0.000. Because the significance is 0.000 <0.05, Ho is rejected and H1 is accepted. This means that there is a positive and significant relationship between financial literacy and inclusion on the interest of Islamic Banking students at IAIN Parepare and Muhammadiyah Parepare University. The effect of financial literacy and inclusion on student interest in using Islamic financial institutions is 0.804. The calculated F-value is 62,932 with a significance level of 0.000. Because the P-Value <0.05, Ho is rejected or in other words the coefficients β1 and β2 affect Y together so that it can be said that the regression model.

PKM Pengelolaan Keuangan Sederhana Bagi Ibu Rumah Tangga

Women have an important role in the economy, including in the financial sector. Starting from the role of women in the smallest space in the economy, namely the family. Women play an important role in terms of education and family financial management. Then in social life, women can become the right partners in economic activities in society. So that in general women should have good knowledge, understanding, and access to banking services, services, and products considering the complex role of women. This is what underlies financial literacy research that focuses on women. In the community service that we are doing this time, the target subject is housewives who are members of the women's group members of the Khaerunnisa taklim assembly, Lanna Village, Gowa District. They are a group of housewiveswho are entrusted with the responsibility of managing family finances and until now they have not understood how to manage finances properly so that household stability is guaranteed at all times. The service model that we do is counseling, training, and financial literacy assistance on how to plan, examine and control family finances. It is hoped that from this dedication they will have the knowledge and skills to manage family finances in a good and accountable manner.

Mapping of Digital Financial Literacy Research: A Bibliometric Review

This study aims to review digital financial literacy based on the previously-published articles. A literature study based on the Scopus database from 1984 to 2022 is conducted by employing the VOSviewer tool to analyze the collected data for the bibliometric analysis. The findings point toward the people's behavior on investment decisions. The questionnaire is the most widely used data collection method, and the conversations are evenly shared in developing and developed countries. The key themes are still divided into financial inclusion and general digital finance issues. Discussion and future research are provided.

A proposition to implement inclusive Islamic financial planning in Indonesia through bibliometric analysis

PurposeIn Indonesia, the Islamic Economics and Finance Sector is growing rapidly, but the literature on Islamic financial literacy is still minimal. This study aims to show research opportunities with the theme of Islamic financial literacy, especially inclusive Islamic financial planning through bibliometric analysis of Scopus and connected papers.Design/methodology/approachA comma separated value (CSV) file containing more than 2,000 references meta data was used for analysis on Vos Viewer in the period of 1963–2020. The grouping of network visualization maps is done using six keywords, namely, “Financial Literacy,” “Financial Inclusion,” “Islamic Financial Literacy,” “Financial Planning,” “Personal Finance” and “Household Finance.”FindingsThe findings complement the keywords that are generally used as references in the formation of theories regarding inclusive Islamic financial planning. After combining the “ris” file from the connected paper, the most used terms are financial knowledge, financial education, financial behavior, financial decision-making process, financial inclusion, risk sharing and financial discourse.Originality/valueThe proportion which planned to be applied in Indonesia will differentiate the inclusive Islamic financial planning framework from what has been done before. This study outlines the basis of the relevant literature review in the theme of Islamic financial literacy research, especially inclusive Islamic financial planning.

Financial Literacy: A Bibliometric Analysis for the Period of 1990-2021

Financial literacy can be defined as the ability to understand and effectively use various financial skills, including personal financial management, budgeting, and investing. Financial literacy is the foundation of your relationship with money, and it is a lifelong journey of learning. This paper analyses the publications on Financial literacy, and their intellectual structure and networking. The bibliometric data on Financial literacy research have been extracted from the Scopus database. This study finds the most productive countries, universities, authors, journals, and most prolific publications in Financial literacy, by examining the published works. Also, the study visualizes the intellectual network by mapping bibliographic coupling (BC) and co-citation. The study’s essential contribution is the analysis of Financial literacy developments and trajectories that can help scholars and practitioners to appreciate the trend and future studies.
 
 Keywords: Financial literacy; systematic review; future research; bibliometric analysis.

A Systematic Review of Financial Literacy Research in Latin America and The Caribbean

Several well-known studies have remarked on the low financial literacy (FL) levels in Latin America and the Caribbean (LAC), which represent a problem in an economic context of change and uncertainty. This fact gives us the opportunity to evaluate the current state of literature related to FL in the region. The main list of identified keywords allowed the PRISMA methodology to guide the systematic literature review and analysis procedure. During 2016–2022, the FL search yielded around 4500 FL manuscripts worldwide, but only 65 articles were related to the scope of our analysis (which involved looking at LAC countries). Being the first review from an LAC country about all LAC countries, the findings highlight a lack of FL research focus on regional needs, gender gaps affecting women, and conceptual frameworks used to develop efficient educational program interventions. Most studies in this review build on the OECD definition of FL, but the financial attitude dimension often seems to be omitted from the analyses. These findings open the discussion about efficient policy design concerning FL development in LAC.

POTENTIAL SUB-TOPICS AND TREND TOPICS IN FINANCIAL LITERACY: A BIBLIOMETRIC ANALYSIS

This study identifies the potential sub-topics and trend-topics in the financial literacy field through bibliometric analysis using a web-based application, Biblioshiny, on a sample of 787 documents retrieved from Web of Science database by Clarivate Analytics for the timespan 2001–2021 with the keyword “financial literacy”. The study reveals that the numbers of publications are increasing substantially with time. The results show that the term financial literacy is crucially associated with many keywords that have emerged as important subtopics in this field in the last decade. Studies related to gender differences in financial literacy and the impacts of financial literacy recognized as trend topics in 2020-2021. The study identifies the most active journals, authors, popular documents, and contributing countries and institutions in this field and also recognizes the strong intellectual and social structure of research in this field. Further the findings suggest that India has very few publications in this field, and there is ample scope for financial literacy research. Researchers in India must focus on financial literacy in the context of gender and impact. Different from the past studies this study explores those crucial keywords that have emerged as potential subtopics and are gaining importance in financial literacy field.

ОЦЕНКА УРОВНЯ ФИНАНСОВОЙ ГРАМОТНОСТИ ФИНАНСОВОГО ПОВЕДЕНИЯ НАСЕЛЕНИЯ РЕГИОНА (НА ПРИМЕРЕ КИРОВСКОЙ ОБЛАСТИ)

This scientific article discusses the unique methodology proposed by the authors to assess the level of financial literacy of the population of the Kirov region. In the course of the study, the main results of assessing the level of financial literacy and financial behavior of the population living in the Kirov region for 2021 were processed and presented. Research objectives: to analyze the theoretical aspects of financial literacy of the population presented in foreign and Russian science; to propose a descriptive model of financial literacy; to systematize methodological approaches to measuring financial literacy and propose a methodology for measuring the level of financial literacy of the population in the region; to develop a typology of socio-economic groups that differ in the level of financial literacy; to analyze the level of financial literacy of socio-economic groups of the population of the Kirov region on the basis of a questionnaire and a set of statistical indicators. The theoretical and methodological basis is the conceptual approaches and the theories and concepts presented within them, as well as the collective author’s model of financial literacy research based on the questionnaire survey method and the calculation of statistical indicators. The theoretical significance of the work lies in the need for a sociological analysis of such a complex phenomenon as financial literacy of the population, the development of theoretical and methodological foundations for its study in order to deeply analyze the results of applied sociological research. The practical significance of the work is to optimize the directions and mechanisms for implementing the activities of the Regional Program «Improving financial literacy of the population of the Kirov region» for 2020– 2023. based on the results of assessing the level of financial literacy and financial behavior of the population.

Literasi Keuangan pada UMKM (Studi Pemetaan Sistematis dan Analisis Co-Authorship pada Basis Data Scopus)

Financial literacy has been widely discussed in various countries with a wide range of subject areas, focuses, and loci. The purpose of this paper is to map the trends of scientific publications and map the network of authors on financial literacy, especially in the MSME sector. We have developed bibliometric analysis through VOSviewer software, supplemented by literature reviews. A total of 126 articles were obtained from Scopus related to the topics "financial literacy" and "micro small medium enterprise". We present trends in financial literacy research, author productivity, and journals, as well as detailing the network of co-authorships who have researched and published in the scientific domain. The results of the study are known that 1) The application of financial literacy in MSMEs only appeared in 2010 and experienced a significant upward trend. 2) Penulis most productive comes from china, where there are 2 authors each produce 3 articles. 3) Co-authorship has not been established between writers in each country and between countries. 4) Indonesia contributes financial literacy publications in MSMEs the most compared to other countries, with the number of publications as many as 34 articles. Lastly, the mapping provides an overview of which countries and writers are concentric and collaborate with each other on the topic of financial literacy in MSMEs.

Structural Modeling of Financial Literacy for Women of MSME Pacitan and Tangerang

This study is aimed to determine the women's understanding of financial inclusion in making financial decisions in the family. Where previously this research will map the understanding of financial literacy that is owned by women in two regional locations, namely Pacitan Regency and Tangerang Regency. The form of empirical testing analysis which we have used is using Structural Equation Model (SEM) with nonlinear regression technique Partial Least Squares (PLS). Population affordable research, each district will be taken as many as 150 respondents in order to obtain a total sample of 300 respondents. The sampling technique used was snowball sampling, namely sampling based on recommendations from respondents from both regions. The results achieved are demographically mapped patterns of literacy and financial inclusion among women SMEs in Pacitan and Tangerang in terms of utilization of financial institutions, banking products & services, basic knowledge of finance and investment decisions. These two areas have different study results. In the next section, this research also succeeded in proving the existence of a structural modeling of literacy and inclusion of preferences for respondents Pacitan and Tangerang combined. The results of this study also confirm the effectiveness of structural modeling in the area of financial literacy research.