Exploring Levels of Financial Literacy Among University Ofzambia Final Year Students

Mwange, Austin

doi:10.53555/eijbms.v3i1.25

Cited by 5 publications

(5 citation statements)

References 6 publications

(8 reference statements)

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“…According to conflicting findings from a study by Volpe, Chen, and Pavlicko (1996), the typical university student in the Midwest lacked sufficient financial literacy in terms of investment knowledge. Mwange's (2017) study reveals that a greater number of students at the University of Zambia possess a strong degree of financial literacy due to their understanding in the fields of a) general financial knowledge, b) knowledge about savings, debt, and investment, and c) exposure to financial issues and monetary matters. A study conducted at RTC North Zone in Malaysia reveals that the financial literacy of mini entrepreneurs is currently at a moderate level and requires further improvement (Noor Atiqah, Rusliza, & Mohd Abdullah, 2017).…”

Section: Financial Literacymentioning

confidence: 99%

Factors Influencing Financial Literacy: Evidence From Economics And Financial Undergraduate Students

Mohd Radzi,

Haron,

Saidi

et al. 2023

IJAREMS

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Financial literacy can have a significant influence on individuals' lives. Faced with the challenge of adapting to the new norms post-pandemic, there are numerous aspects that need to be prioritised in daily life, particularly in terms of finances. The significance of financial literacy is well recognised, as insufficient financial literacy among young adults, particularly students, can result in financial hardships. According to the literature, inadequate financial management practices are indicative of young individuals falling into the cycle of financial difficulties. Therefore, this study aims to identify the extent to which financial knowledge and financial behaviour influence the level of financial literacy among undergraduate students in the Department of Economics and Financial Studies. The research methodology in the present study employs a quantitative approach by administering a survey to undergraduate students. The data was subsequently analysed using SPSS version 29 for descriptive and regression analysis. This study's findings indicate that financial knowledge is the most influential factor in the level of financial literacy among undergraduate students. It is recommended for future researchers or studies to incorporate additional variables that can exert a more substantial influence on financial literacy.

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Section: Financial Literacymentioning

confidence: 99%

Factors Influencing Financial Literacy: Evidence From Economics And Financial Undergraduate Students

Mohd Radzi,

Haron,

Saidi

et al. 2023

IJAREMS

View full text Add to dashboard Cite

show abstract

“…Additionally, the commitment and shared vision, open communication and trust, and collaboration are the three key PPP success variables identified in the United States of America by Jacobson and Choi (2008), whereas, in China, the key success variables for PPP projects are a stable macro-economic condition; favourable legal framework; sound economic policy; available financial market; and multi-benefit objectives (Cheung, Chan & Kajewski, 2012). A stable macro-economic condition is seen as an important variable in the delivery of PPP project successfully in the country, although, China is still being recognized as a developing country, despite the large size of her economy (Mwange, 2017;Mwange, A., Kasongola, & Meyiwa, 2022). If the economic condition is stable, the investors would be willing to invest their money, since they hope to recoup their investment in a favourable economic environment (Mwange, 2022).…”

Section: Literature Reviewmentioning

confidence: 99%

Determinants of Public-Private Partnership Success in The Health Sector in Zambia: Key Success Variables Analysis

2023

RJFA

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The aim of this study is to investigate the determinants of success factors of Public Private Partnerships in the health sector in Zambia. This study was descriptive. A questionnaire survey was used as the main research instrument to obtain relevant data from participants who have played key roles in the implementation of PPP projects from public and private sectors. This was preceded by a rigorous literature review to investigate the current status of the implementation of PPP procurement system in the health sector in Zambia. The questionnaire was divided into two major parts. Part A was on the information about the respondent and part B is on the overall success variables for PPP projects in Zambia and health sector in particular. The respondents were requested to rate the PPP success variables using a five-point Likert scale in part B. The rating systems for the importance of each variable in the questionnaire using the 1 to 5 scale were adopted. Score 1 represents not important, score 2 represents fairly important, score 3 represents important, score 4 represents very important, and score 5 represents highly important. A total of 255 questionnaires were distributed by hand delivery and a total of 184 completed questionnaires were completed and returned. This survey achieved a response rate of 72 per cent and this high response rate was achieved because the researcher was making necessary follow up which motivated the respondents to complete the questionnaires and return them in time. . Variable analysis was used as a statistical data analysis method for the identification and grouping of relatively small numbers of variables that have some things in common. It is a multivariate method that shows the relationships among correlated variables difficult to interpret This is a method that can be used to try to identify patterns in fairly large sets of data with substantial numbers of variables as the case was with this study. This procedure gives opportunity for making meaningful deductions from the large set of variables in the process of interpreting the outcomes of the questionnaire survey during data analysis and interpretations. Bartlett's Test of Sphericity was used which tests whether the correlation coefficients are all 0. The test computes the probability that the correlation matrix has significant correlations among at least some of the variables in a dataset, a prerequisite for factor analysis to work. Further, Kaiser-Meyer-Olkin Measure (KMO), and Measures of Sampling Adequacy (MSA) and variable extraction were also applied in the analysis.The results of variable analysis identified seven critical success variables as follows: projects feedback, leadership focus, risk allocation and economic policy, good governance and political support, short construction period, favourable socio-economic variables, and delivering publicly needed service. This study shows that more developmental projects could be delivered through PPP if the government could focus on these main variables in the implementation process...

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“…The Global Fund, a public-private partnership that aims to raise money for interventions against HIV and AIDS, tuberculosis, and malaria, once decided to freeze grants for Zambia after discovering evidence of expenditure that could not be accounted for (Wilson, 2010). This decision served as a wake-up call for Zambia to enter into a number of PPP in the health sector (Mwange, 2017).…”

Section: Public Private Partnerships In Health Sector In Zambiamentioning

confidence: 99%

A Critical Narrative Review of Public-Private Partnerships in The Health Sector in Selected Southern African Countries

2023

JESD

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The aim of this paper is to provide a narrative literature review of Public-Private-Partnerships (PPPs) in selected Southern African countries with a particular focus on the health sector. The study reviewed that that South Africa has extensively utilised PPPs in the development of the health sector. The common areas in which other Southern African countries have been successful is in collaborating on research and development in the health sector, particularly, in HIV-AIDS programmes. In respect of health infrastructure development under PPPs, most African countries, with the exception of South Africa, have not been successful. There is need for countries to rethink on what models of PPPs can work in their respective countries if modern infrastructure in the health sector can be developed at a relatively affordable cost.

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Exploring Levels of Financial Literacy Among University Ofzambia Final Year Students

Cited by 5 publications

References 6 publications

Factors Influencing Financial Literacy: Evidence From Economics And Financial Undergraduate Students

Factors Influencing Financial Literacy: Evidence From Economics And Financial Undergraduate Students

Determinants of Public-Private Partnership Success in The Health Sector in Zambia: Key Success Variables Analysis

A Critical Narrative Review of Public-Private Partnerships in The Health Sector in Selected Southern African Countries

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