Financial Literacy Assessment in Bosnia and Herzegovina

Halilovic, Sanela; Zaimović, Azra; Arnaut-Berilo, Almira; Zaimović, Tarik

doi:10.1016/j.procs.2019.09.121

Cited by 18 publications

(16 citation statements)

References 6 publications

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“…It is affected by factors such as education level, income, occupation, age and region. Halilovic et al (2019) measured the objective financial literacy of adults in Bosnia and Herzegovina from the four dimensions of financial knowledge, financial behavior, financial attitude, and monetary illusion. They found that the financial literacy of the respondents is higher than the average level in Europe.…”

Section: Financial Literacy Measurement and Its Influencing Factorsmentioning

confidence: 99%

Investor financial literacy, decision-making behavior, and stock price volatility—Evidence from behavioral experiments.

Yin¹,

Yang²

2022

Journal of Neuroscience, Psychology, and Economics

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Financial literacy is generally considered to be an important factor affecting investors' decision-making, but there is no unified conclusion on whether the improvement of financial literacy can improve the degree of rational decision-making of investors. This article aims to examine whether the improvement of financial literacy can improve the rationality of investors from the perspective of investment psychology and behavior, and on the other hand, to further analyze the impact of the improvement of investor group financial literacy on stock prices. We designed three sets of mutually controlled investment evolutionary game experiments and analyzed the experimental results. We found that the improvement of financial literacy can help investors overcome the "Framework Effect" and "Heuristic Deviation," significantly improve the rationality of investors' decision-making, reduce stock price volatility and improve stock pricing efficiency. The results provide strong empirical evidence for the necessity of investors' financial literacy education.

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Section: Financial Literacy Measurement and Its Influencing Factorsmentioning

confidence: 99%

Investor financial literacy, decision-making behavior, and stock price volatility—Evidence from behavioral experiments.

Yin¹,

Yang²

2022

Journal of Neuroscience, Psychology, and Economics

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“… Burchi et al (2021) demonstrated that providing small businesses with low-interest loans increased their access to finance and thus improved their performance. Furthermore, Halilovic et al (2019) discovered that increasing the availability and quality of finance sources encouraged businesses to implement circular economy initiatives. As a result, we have come up with our second hypothesis:…”

Section: Theoretical Frameworkmentioning

confidence: 99%

New Schemes for Investment in of Small and Medium-Sized Enterprises of China: Role of Access to Finance, Innovation, and Sustainability

Tang

2022

Front. Psychol.

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Firm innovation relies heavily on financing, which is why it is a hot topic in the fields of finance and innovation management. Organizations can make strategic investments in production factors to develop competitive advantages because they have access to financial resources. This study investigated how financial literacy, innovativeness, and environmental sustainability influence the sustainability of small and medium-sized enterprises (SMEs). This was set as the primary objective in order to better understand the nature of the impact of financial literacy and innovation on the sustainability of SME firms. To test the hypotheses, structural equation modeling (SEM) was applied using data collected from 300 small businesses firms in China. The results revealed that financial literacy and innovativeness significantly influence small firms’ sustainability. Additionally, social inclusion significantly affects small firms’ sustainability, and sequentially has a significant effect on their performance. Research findings suggested that small businesses incorporate sustainability models into their operations and enhance financial knowledge in order to maintain sustainability.

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“…Namun, hasil survey dari OECD (Organisation for Economic Co-operation and Development) menemukan bahwa literasi keuangan masyarakat masih sangat rendah di negara-negara anggota APEC khususnya di Indonesia (OECD, 2019). Financial literacy berhubungan dengan kemampuan seseorang dalam mengelola keuangan (Halilovic et al, 2019) tanpa terkecuali seorang ibu rumah tangga.…”

Section: Pendahuluanunclassified

Pelatihan Pengelolaan Keuangan Rumah Tangga

Laily

Syariati

Nanda

2021

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Keuangan rumah tangga menjadi salah satu hal penting yang patut diperhatikan, terutama oleh bendahara keluarga. Hasil LGD di tahun 2019 menunjukkan kesulitan ibu, sebagai bendahara keluarga, dalam mengelola keuangan di keluarganya, sehingga seringkali seadanya. Pemasukan dan pengeluaran pun tidak seimbang, dan akhirnya tidak sedikit yang memicu konflik di akhir bulan. Lokakarya pengelolaan keuangan keluarga sudah selayaknya dilakukan untuk mengedukasi para bendahara keluarga agar bijak mengelola keuangan di rumahnya sendiri. Lokakarya hendaknya dikemas sesuai dengan pendidikan orang dewasa, yaitu sesuai kebutuhan, dan terdapat praktik pengelolaan keuangan. Selain itu untuk mengetahui keberhasilan kegiatan dan juga evaluasi, maka pendampingan akan dilakukan. Pendampingan menjadi ajang diskusi dalam memecahkan masalah yang dihadapi, ketika mengelola keuangan, dan juga menjadi media untuk memperkuat motivasi. Hasil pelatihan dan pendampingan menunjukkan bahwa peserta sangat antusias dengan tema yang diangkat serta mayoritas peserta mengaku sangat terbantu dengan sharing ilmu melalui pelatihan ini.

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Financial Literacy Assessment in Bosnia and Herzegovina

Cited by 18 publications

References 6 publications

Investor financial literacy, decision-making behavior, and stock price volatility—Evidence from behavioral experiments.

Investor financial literacy, decision-making behavior, and stock price volatility—Evidence from behavioral experiments.

New Schemes for Investment in of Small and Medium-Sized Enterprises of China: Role of Access to Finance, Innovation, and Sustainability

Pelatihan Pengelolaan Keuangan Rumah Tangga

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