Financial Literacy and New Business Entry

Skica, Tomasz; Mikuš, Juraj; Holienka, Marian

doi:10.2478/fiqf-2022-0012

Cited by 6 publications

(3 citation statements)

References 107 publications

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“…Financial literacy is described as knowledge of financial concepts and skills to manage financial resources. Studies by Aldi et al [39] and Skica et al [40] have shown that students who have financial literacy are more likely to be successful entrepreneurs. On the other hand erroneous financial decisions can impact negatively on an entrepreneurial venture.…”

Section: Financial Literacymentioning

confidence: 99%

Role of the Family in Fostering Student’s Entrepreneurial Intention

Meroka¹

2023

Business, Management and Economics

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Entrepreneurship has been viewed as solution to the global unemployment challenges facing youths. It is on this backdrop that this field has drawn the attention of most governments to see to it that their youths have necessary entrepreneurial competencies through the introduction of entrepreneurship education in the school curriculum. However, majority of the youths are still unemployed. The theory of planned behaviour identifies three antecedents which focus on the student that influence their entrepreneurial intention. The objective of the study was identifying aspects of the family (family background, family role modelling, birth order and financial literacy) that influence the student’s entrepreneurial intention. The study adopted a qualitative analysis of different studies which addressed the different sources entrepreneurial intention among students. The study established that aspects of the family that fostered student’s entrepreneurial intention included family entrepreneurial background, role modelling, birth order and financial literacy. These aspects place the students a notch higher in entrepreneurship education. This information would guide policy makers in developing appropriate educational curriculum in line with the needs of the students and will add knowledge in the field of entrepreneurship education.

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Section: Financial Literacymentioning

confidence: 99%

Role of the Family in Fostering Student’s Entrepreneurial Intention

Meroka¹

2023

Business, Management and Economics

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“…The results showed that entrepreneurial financial literacy benefits the sustainability of small businesses. Skica et al (2022) analyzed the relationship between financial knowledge and a new business entry. For this, the authors used data from the Global Entrepreneurship Monitor (GEM), specifically the Adult Population Survey (APS) Global National Level Data.…”

Section: Financial Knowledgementioning

confidence: 99%

Bibliometric Analysis of Studies on the Concept of Financial Literacy

Sipahi Döngül,

Skica

2023

JoFFL

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The purpose of the article. This paper attempts to reveal the effect of the study by visually presenting the analysis of the studies on the concept of "financial literacy". Methodology. Bibliometric analysis of the studies published in the Web of Science (WOS) database between 1991 and 2023 was analyzed with the VOSviewer (Version 1.6.9) package program. Since the title, content, and keyword of the concept of "financial literacy" were intended to be scanned in all languages and all publication types, 2,889 works were accessed and analyzed. The limitations of the study are that only the studies in WOS are analyzed. No data from Scopus and PubMed databases has been included. For future studies, research from the Scopus and PubMed databases should be added. Results of the research. When the most frequently included keywords in the publications related to the concept of "financial literacy" have a relationship between them at least twice in the study, the keywords "financial literacy" with 825 repetitions in terms of 1841 total connection strength, "financial education" with 111 repetitions in terms of 315 total connection strength, "financial behavior" with 65 repetitions in terms of 217 total connection strength and "financial knowledge" with 71 repetitions in terms of 213 total connection power are seen. As a result of the analysis performed, it was determined that there were 2265 connection powers and 4069 total connection powers for a total of 36 clusters. When we look at the year-by-year distribution, the most works were published in 2022 with a maximum of 426 works. At least one work was published in 2004, 2003, 1998, 1994 and 1991. Among the published studies, journal article 2,515, proceedings paper 280, early access 135, book chapters 101, review article 68, editorial material 29, correction 6, book 5, book review 3 were determined as works. When we look at the languages in which the published works are published, they are in English with a maximum of 2,814 works. At least two works are in French and Chinese. In order to determine the year-based stratification status of the published studies for country-based citations, it was noted that a country should have at least 1 study published and at least 1 citation obtained. As a result of the analysis, analysis was carried out on 78 observation units that were found to have a relationship between them, and it was determined that there were 14 clusters, 1065 connection power and 9417 total connection power. The countries with the most citations are the USA (11981 citations), the Netherlands (2445 citations) and England (1685 citations). In terms of the number of works, the ranking is the USA (197 publications), China (77 publications), India (73 publications), and Australia (70 publications). When the stratification status of the citation ties of the countries on a yearly basis is examined, it is seen that they are limited between 2017 and 2021.

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“…Financial literacy affects not only a person's quality of life but also sustainable economic development (Swiecka et al, 2020), the development of entrepreneurship (van Rooij et al, 2011;Riepe et al, 2020;Graña-Alvarez et al, 2022), and the improvement of business activity in region or country (Yin et al, 2015;Barba-Sánchez et al, 2018;Skica et al, 2022).…”

Section: Introductionmentioning

confidence: 99%

Financial literacy of secondary school leavers: a case of Latgale region in Latvia

Čaplinska¹,

Ohotina²

2022

JESI

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Financial literacy, as a totality of knowledge and skills, provides an opportunity for a person to manage finances successfully, and take rational decisions concerning the choice of various financial services, thus facilitating both individual and public welfare and sustainability. The financial markets have changed along with the financial consumers' awareness. Financial services have become a mass and freely accessible product group, whereas financial institutions have become a part of everyday life for all social groups. Over time, the age of the persons involved in financial processes and evolving consumers of financial services becomes younger and younger. Hence, the need for knowledge and awareness of finances, financial product diversity and related risks is growing more acute for improving financial decision-making. For this reason, financial literacy is acknowledged as a vital life skill globally. The research aims to study, assess, and analyse the financial literacy of secondary school leavers in Latgale.

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Financial Literacy and New Business Entry

Cited by 6 publications

References 107 publications

Role of the Family in Fostering Student’s Entrepreneurial Intention

Role of the Family in Fostering Student’s Entrepreneurial Intention

Bibliometric Analysis of Studies on the Concept of Financial Literacy

Financial literacy of secondary school leavers: a case of Latgale region in Latvia

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