Role Of Financial Literacy Research Articles

Peran Orang Tua Dalam Mempengaruhi Keputusan Investasi

The purpose of this research is is to determine the influence of parents' financial behavior, financial literacy, and financial behavior on investment decisions, as well as the role of financial literacy in mediating the influence of parents' financial behavior on investment decisions. This research gathers 297 samples of investors age from 18 to 45 that live in DKI Jakarta using online distribute questionnaires. In this research, quantitative method, cross sectional studies and purposive sampling method was used. The data was then analyzed with SmartPLS 4.0. The research results show that parents' financial behavior has a positive and significant effect on financial literacy. Parental financial behavior, financial literacy, and financial behavior have a positive and significant effect on investment decisions. Financial literacy positively and significantly mediates the influence of parents' financial behavior on investment decisions.

Looking beyond energy efficiency and the role of financial literacy in experiencing fuel poverty: Evidence from Irish homeowners

Previous research has established that an effective way to fight fuel poverty is to increase levels of energy efficiency in residential buildings. A different strand of research has shown that the adoption of energy efficiency measures is more likely if people have high financial literacy. We combine these two strands of research by conducting a new survey among Irish homeowners and directly analysing the association between financial literacy and fuel poverty. Given that energy efficiency renovation is not always economically viable, we also investigate the drivers of other strategies to cope with high energy prices, such as switching the household’s energy supplier and using direct debit payments. While our results confirm that high energy efficiency is associated with lower fuel poverty, at least for some measures, we find no evidence of a link between people’s financial literacy and the energy efficiency level of their homes. We find only weak evidence of a direct negative association between financial literacy and fuel poverty. We investigate several related aspects of fuel poverty using our survey data. We find that low overall household income is strongly associated with a higher prevalence of subjective measures of fuel poverty, a lower likelihood to engage in some energy cost mitigation strategies, and the likelihood to see administrative challenges as insurmountable barriers in the retrofit process. Policy measures aiming to reduce fuel poverty or increase energy efficiency or financial literacy should therefore all focus on low-income households.

The role of financial literacy when informal caregivers make complex financial decisions

ABSTRACT Informal caregivers are accepting more responsibility for making financial decisions for older people with cognitive impairment. Paying for nursing home accommodation is a complex financial decision in Australia. Residents can make a lump sum payment, daily payment, or a combination of both. Due to government means-testing, the choice can impact the resident’s income, assets, bequest values, and how much they pay for their aged care services. We examined the relationship between the financial literacy of informal caregivers and the accommodation payment decision. We collected data using an Australia-wide survey of informal caregivers that either made or substantially influenced the accommodation payment decision. Using the ‘Big Three’ questions and self-assessed financial literacy, we found that less than half of respondents were financially literate. Greater financial literacy was significantly associated with reduced decision complexity and greater decision certainty, but this relationship was moderated by nursing home behaviour and perceived time available for decision-making. Whether a nursing home suggested consulting a financial adviser, expressed a payment type preference or informed caregivers about their decision-making time period, predicted financial adviser use and the perceived complexity and certainty of decision-making.

The Role Of Financial Literacy In Household Financial Decision-Making In Emerging Economies

This study explores the importance of financial literacy in influencing household financial decisions in emerging economies. Using survey data from multiple regions, the research examines how knowledge of financial concepts affects budgeting, saving, and investment choices. The results indicate that higher financial literacy levels are strongly linked to more effective financial management and improved economic well-being among households.

Unravelling the Impact of Financial Literacy on the Intention of Indian Retail Investors to Adopt Socially Responsible Investments: The Interplay of Social Self-Efficacy as a Mediating Mechanism

In the context of the escalating socio-economic disparities and environmental concerns, this study delves into the intricate interplay among financial literacy (FL), social self-efficacy (SSE) and intentions for socially responsible investment (SRI). Grounded firmly in the theory of planned behaviour, a survey of 235 Indian participants was conducted employing a meticulously structured questionnaire and leveraging Partial Least Squares Structural Equation Modelling software for robust data analysis. The research addresses pivotal questions, examining the impact of FL on fostering positive SRI attitudes, appraising the influence of subjective norms (SNs) on the intentions of Indian investors regarding SRI, and exploring the mediating role of SSE between FL and SRI intentions. The findings underscore the substantive role of FL in shaping positive attitudes towards SRI, exerting a direct influence on SRI propensities. Concurrently, SNs exert a comparable impact on SRI intentions. Notably, the study unravels a dual mediation paradigm, elucidating the sequential mediation of SRI attitude and SSE. The study yields pragmatic implications for fund managers and policymakers. It accentuates the strategic imperative of effective communication of investment benefits, necessitating tailored approaches attuned to cognitive and psychosocial orientations. In essence, the study augments our understanding of the nuanced dynamics guiding sustainable investment decisions, thereby advancing the comprehension of investor behaviour in the domain of responsible investing.

College Student’s Financial Well-Being on Java Island: The Role of Financial Literacy, Financial Behavior, and Financial Socialization

After graduating from college, a student's financial situation is critical since it impacts their general level of contentment with life. This study used financial behavior among university students on Java Island to investigate the impact of financial socialization and literacy on financial well-being. This kind of study uses a non-probability sampling method and quantitative methods, involving 134 students in Java Island data processing procedures with Smart PLS. The findings revealed that financial socialization and financial literacy are favorably related to financial well-being. Financial literacy and financial socialization positively affected both financial behavior and financial well-being. Financial conduct acts as a mediating variable between financial well-being, financial literacy, and financial socialization, which both have a favorable impact.

The Influence of Risk and The Crowdfunding Ecosystem on Investment Decision Behavior: The Role of Financial Literacy

One way to support the government's smooth running of inclusive economic development is to help MSMEs (Micro, Small, and Medium Enterprises) gain access to funding. Along with technological developments, there is a new way for people to obtain external funding, namely through Crowdfunding Services. Crowdfunding has enormous potential in terms of helping people (especially MSMEs) to get external funds to develop their businesses. This research aims to analyze the influence of risk and the crowdfunding ecosystem on investment decision behavior in several crowdfunding companies in Indonesia with financial literacy as a moderating variable. The objectives of the research will be achieved using a problem-solving approach empirical and quantitative analysis. The research results show that risk and the crowdfunding ecosystem have a significant influence on investment decision behavior. The results of this research will be distributed to member companies of the Indonesian Sharia Fintech Association (AFSI) and it is hoped that it will provide information that helps them make decisions.

The Role of Financial Literacy on Student Investment Choices

The purpose of this study was to determine and measure the impact of the level of financial literacy on the investment choices of students. This study is qualitative descriptive or describes the results of interviews into valid data, data collected based on the results of observation, questionnaires, and direct interviews with students of the faculty of economics and islamic business, uin fatmawati sokarno bengkulu. The results of this study indicate that financial literacy has a significant impact on student investment decisions. The higher the financial literacy possessed by students, the better the investment decisions that will be taken by students.

Education on The Role of Financial Literacy and Development at PT. Pawnshop

Literasi keuangan dalah sebuah investasi jangka panjang yang sangat dibutuhkan dan bemanfaat pada masyarakat dalam mengelola dan menjaga keuangan agar dapat terjaga dan dapat dibutuhkan setiap saat yang memiliki kebutuhan yang mendesak. Adapun tujuan dari pengabdian kepada masyarakat ini untuk mengetahui bahwa peranan literasi dalam perkembangan keuangan sangat diperlukan. Pengabdian kepada masyarakat ini dilakukan oleh dosen universitas prima Indonesia fakultas ekonomi sebagai tri darama perguruan tinggi.
 dilaksanakan di Kantor PT Pegadaian Gajah Mada Alamat: Jl. Gajah Mada, Sei Sikambing D, Kec. Medan Petisah, Kota Medan, Sumatera Utara 20114. Waktu pelasanaan 27 Oktober 2023. Kegiatan pengabdian yang dilakukan menggunakan metode ceramah dan diskusi. Literasi keuangan juga dapat mendukung kekayaan financial dalam pertumbuhan ekonomi. Dengan memahami literasi keuangan maka seseorang dapat menentukan produk investasi sesuai dengan kemampuan dan kebutuhn untuk jangka panjang.

Vulnerability of individuals to economic crime and the role of financial literacy in its prevention: Evidence from India

Vulnerability of individuals to economic crime and the role of financial literacy in its prevention: Evidence from India

Empowering women's financial well-being: the role of financial literacy and decision making in wealth creation

Empowering women's financial well-being: the role of financial literacy and decision making in wealth creation

Preferences for Ethical Intermediaries and Sustainable Investment Decisions in Micro-firms: the Role of Financial Literacy and Digital Financial Competencies

Preferences for Ethical Intermediaries and Sustainable Investment Decisions in Micro-firms: the Role of Financial Literacy and Digital Financial Competencies

Role of Financial Literacy on Financial Well-being of Millennial Generation: An Empirical Study

Role of Financial Literacy on Financial Well-being of Millennial Generation: An Empirical Study

The Role of Financial Literacy and Self-Motivation in Fostering Entrepreneurial Interest and Self-Efficacy among University Students

The Role of Financial Literacy and Self-Motivation in Fostering Entrepreneurial Interest and Self-Efficacy among University Students

ISLAMIC SECURITIES CROWDFUNDING RESEARCH: A BIBLIOMETRIC ANALYSIS

The number of publications concentrating on Islamic Fintech and Securities Crowdfunding has significantly increased in recent years, especially from 2017 to 2023. Through bibliometric analyses using Dimension.ai, a dependable platform for accessing registered titles and abstracts, this growing interest has been thoroughly investigated. This investigation's main goal is to identify common topics and writing styles among the authors in this sector. The most recent information for this analysis was obtained by using the search term "Islamic Securities Crowdfunding" on the Dimension.ai platform on September 26, 2023. Many publications have made significant contributions to this increase in research output. A well-known work in this field, "The Crowdfunding and Islamic Securities: The Role of Financial Literacy," offers insightful information on how crowdfunding and Islamic securities interact. Further highlighting their importance and prevalence in the discourse around Islamic Securities Crowdfunding is the frequent use of the terms "Research," "Study," "Platform," and "Technology." This study highlights the most productive authors who have contributed to the academic environment in this area and examines the current trends. In conclusion, it is believed that the knowledge gained from this study would inform the future endeavors of academics and professionals working in this field.
 Keywords: Islamic Securities Crowdfunding, Islamic Fintech, Bibliometric, Islamic Finance

Financial literacy–a regulator of intended investment behaviour: analysing the hypothetical portfolio composition

PurposeThe investment behaviour of individuals has been a major area of interest for several researchers and policymakers due to its great impact on the economy. This study aimed to assess the investment behaviour of individuals in light of their risk appetite and how financial literacy regulates this relationship.Design/methodology/approachA self-administered structured questionnaire was used to collect responses from individuals using purposive and convenience sampling techniques. Individuals were presented with 16 investment avenues widely offered by the Indian financial market to choose from to construct a hypothetical portfolio. The association between risk appetite, financial literacy and the composition of the hypothetical portfolio was analysed using a gologit model.FindingsIncreased risk appetite increased the probability of respondents creating a portfolio with a greater proportion of risky assets and less diversification. Lower levels of financial literacy pointed towards portfolios with traditional and low-risk avenues. The results also revealed a significant moderating impact of financial literacy on risk appetite and the creation of the type of a hypothetical portfolio.Research limitations/implicationsEven though the intended behaviour is a close estimate of actual behaviour, there is a possibility of deviation that cannot be ignored.Originality/valueThe present study provides insights into how individuals make portfolio choices by incorporating risk appetite and diversification factors whilst making investment decisions, thereby expanding the literature from an emerging economy perspective. The role of financial literacy as a moderator has not been studied in the domain of hypothetical portfolio creation in India, which has been empirically explored in the current study.

The Role of Financial Literacy among MSMEs in the Revitalization of MSMEs in Indonesia

The condition of the Covid-19 pandemic hitting the whole world in early 2020 has affected every aspect of life, including business activities. MSMEs must innovate and adapt quickly to respond to these changes, for example, by implementing digital business models not only in the form of digital marketing and but also digital payments to support business processes and transactions. The purpose of this study is to determine the level of financial literacy of BUMN-assisted MSMEs in Indonesia through the implementation of digital payments in the MSME business, as well as, identify the obstacles of implementing digital payments in the MSME business. This study employed qualitative methods through structured interviews with the respondents. The respondents were from MSME assisted by BUMN PT. Angkasa Pura I, operating in Java, Bali and outside Java, includes Kalimantan and Sulawesi. Most MSMEs-assisted by PT Angkasa Pura have used digital payments. However, digital payments are mostly in the form of bank transfer. Limited internet access in several regions are an obstacle in using digital payment. Only a few MSMEs use QRIS as the digital payment is due to the lack of knowledge of it. More collaborations between universities, ministries, financial service providers and influencers can help educate of MSMEs about financial literacy,

Role of Financial Literacy in Driving Financial Inclusion and Economic Growth of Women in Odisha

Role of Financial Literacy in Driving Financial Inclusion and Economic Growth of Women in Odisha

Empowering mobile money users: The role of financial literacy and trust in Vietnam

While other countries have implemented mobile money very early with promising results, Vietnam, a bank-based country, only started the pilot implementation in November 2021. By the end of the pilot period, the percentage of people with mobile money accounts still needs to reach expectations. In this respect, our study focuses on financial literacy and perceived trust by analyzing consumers' intention to use mobile money. The results of the analysis show that six factors affect the intention to use mobile money, including (1) Perceived Usefulness, (2) Perceived Ease of Use, (3) Perceived Risk, (4) Perceived Value, (5) Financial Literacy, and (6) Perceived Trust. Although perceived trust does not have the most decisive direct impact, it plays a mediating role in promoting the intention to use mobile money. Perceived Trust helps users significantly increase their perceived usefulness and intention to use. Perceived Trust also indirectly increases the Perceived Value in the intention to use mobile money. In addition, the newly constructed financial literacy factor also significantly impacts the intention to use mobile money. The research results help clarify the role and mechanism of perceived trust in the intention to use mobile money. At the same time, it helps managers consider increasing the capacity of mobile money through perceived trust and financial literacy in a country where the banking system has been relatively expanded.

Determinants of Individual Investment Decisions-Making for Iraqi Investors, The Role of Financial Literacy and Fundamental Market Anomalies

Determinants of Individual Investment Decisions-Making for Iraqi Investors, The Role of Financial Literacy and Fundamental Market Anomalies