In the current globalized and competitive business world it has become increasingly more important that companies adapt their knowledge bases, in order to establish more dynamic business partnerships. However, one of the main problems found in the establishment of such partnerships has to do with the lack of interoperability between technologic systems, especially those related to the semantic of shared knowledge. The integration and sharing of the knowledge representation elements of companies, performs a key role in the research challenges in the business interoperability area. The paper presents a methodology to analyse the economic viability of companies in the needed effort to the conception of a common knowledge base in their operational domain area, in order to stimulate interoperability in the business cooperation. These studies also have as objective to support the development of the thesis that argues that in the future, the capability to adapt the semantics of business information systems will promote collaboration between companies, providing them new business opportunities.
Our globalised world, with increasingly diversified and rapid trade, requires properly informed and equally rapid decisions, where financial literacy is a core life skill. The information, attitudes and financial knowledge associated with these decisions are essential to ensure the sustainability of economies. The day-to-day life of any citizen is surrounded by financial decisions that determine and condition not only the individual well-being, but also financial sustainability of families, institutions and, consequently, local, and global economies.The need for everyone to take responsibility places the financial literacy of a population as a key issue for good governance. Moreover, financial ignorance has costs. Thus, the promotion of an inclusive financial sector is one of the objectives of several governments and institutional bodies, so since 2015 it has been included in the 2030 UN agenda in 5 of the 17 sustainable development goals. The literacy in general corresponds to the ability of each individual to acquire knowledge, develop cognitive and social skills that allow him, with the information available in society to make the right decision.Financial education is useful for people of all ages and education level. However, higher education students are one of the groups in which any country tends to place many expectations, since they are the future decision makers, so this is the target audience of this research. The survey was released in April 10, and it will be open until May 10, 2022. This preliminary study, which is part of a wider research, aims to determine the level of financial literacy of higher education students in Portugal and to determine whether there are differences in gender, age, course area, and day/ post-work students. Keywords: financial literacy; financial knowledge; financial attitude; financial behaviour; higher education students.
Objective – This paper addresses the financial literacy issue in different countries and contexts, comparing it with the financial Literacy of Portuguese Higher Education Institutions (HEI) students. The objective is to identify the growing need for knowledge in this area and to correct the population's attitude and behavior. This study identifies the main conditioning variables of the financial Literacy of this group of individuals, contributing to developing conditions and procedures that would improve the financial Literacy of European students as an essential element of their personal and professional success. Methodology –This study was based on a survey using a sample of 1017 students from 18 institutions. Ordinal regression was used to determine the predictors of financial Literacy. Findings – The literature review shows different results of structural aspects of the same central questions related to financial Literacy among HEI students. The conclusions of the study are in line with the literature review. Nevertheless, empirical research shows that Portuguese students' financial Literacy is lower than students from other countries, highlighting the need to improve their knowledge in this area by correcting the focus group's attitude and behavior. The study identifies the main conditioning variables of the financial Literacy of this group of individuals. Novelty – HEI students who study finance present a higher level of financial knowledge and relatively more confidence in managing their money, the same for working students. No significant gender differences are observed, and these facts align with some authors. However, it is noteworthy to mention that several researchers observe alternative conclusions. This study shows an evolution of the situation followed twelve years earlier, with the same population, but confirms HEI students' low financial literacy level. This research also contributes to the main study promoted by OECD and included on the 2030 agenda of the United Nations (U.N.). Type of Paper: Empirical JEL Classification: I22, J16. Keywords: Financial Literacy; financial knowledge; financial attitude; financial behavior; higher education students. Reference to this paper should be made as follows: Antão, M; Nunes, C; Silvestre, C; Caldeira, J; Martinho, C; Negas, M. (2022). Financial literacy; financial knowledge; financial attitude; financial behavior; higher education students, Portugal, J. Bus. Econ. Review, 7(2), 141–150. https://doi.org/10.35609/jber.2022.7.2(3)
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