How does financial literacy influence undergraduates’ risk-taking propensity?

Molina-García, Antonio; Cisneros-Ruiz, Ana José; Subirés, María Deseada López; Diéguez‐Soto, Julio

doi:10.1016/j.ijme.2023.100840

Cited by 9 publications

(7 citation statements)

References 76 publications

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“…Potrich et al (2016) and Johan et al (2021) emphasize that financial literacy encompasses the knowledge and attitudes reflected in the financial behavior of university students. Consistently, Molina-García et al (2023) indicate that financial literacy is multidimensional in nature, comprising financial knowledge, attitude, and behavior, enabling individuals to take financial risks. All these definitions acknowledge the multidimensional nature of financial literacy, incorporating three elements: financial knowledge, financial attitude, and financial behavior.…”

Section: Introductionmentioning

confidence: 88%

Influence of skills and knowledge on the financial attitude of university students

Loza,

Romaní,

Castañeda

et al. 2023

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The article analyzes the influence of knowledge and skills on the financial attitude of university students. Financial knowledge, skills, and attitudes are components of what is called financial literacy. The theory of human capital emphasizes the importance of investing in human capital to enhance individuals' decision-making. The empirical analysis uses a sample of 531 university students from Tacna, Peru. The results of the proposed structural equation model corroborate that financial knowledge and skills directly and positively influence university students' financial attitude. The findings offer important implications for students and higher education institutions by highlighting the importance of incorporating courses and workshops on personal finance to acquire knowledge and improve students' financial skills and, consequently, facilitate the development of a financial attitude that allowsthem to make more informed financial decisions.

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Section: Introductionmentioning

confidence: 88%

Influence of skills and knowledge on the financial attitude of university students

Loza,

Romaní,

Castañeda

et al. 2023

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“…Dengan demikian, para mahasiswa akan menjumpai berbagai masalah yang kemungkinan baru mereka hadapi dan menjumpai lingkungan baru tanpa dukungan dan pengawasan orang tua (Potrich et al, 2016;Vieira et al, 2019). Para mahasiswa harus mandiri dalam mengatur keuangan mereka dan juga bertanggung jawab terhadap setiap keputusan yang diambil (Molina-García et al, 2023). Permasalahan keuangan yang sering dijumpai oleh mahasiswa adalah masih bergantung pada orang tua dan belum mempunyai pendapatan, serta sering berperilaku boros.…”

Section: Pendahuluanunclassified

Generasi Z, Melangkah di Era Digital Dengan Bijak dan Terencana

Muaviah,

Lathifaturrahmah,

Dewi

et al. 2023

JSC

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Generasi Z, yang terdiri dari individu yang lahir antara tahun 1996 hingga 2010, menjadi kelompok demografi yang menonjol dalam peta perkembangan sosial dan ekonomi. Dalam menghadapi tantangan keuangan di era digital ini, literasi keuangan menjadi faktor penentu yang penting untuk memastikan perencanaan dan pengelolaan keuangan yang efektif. Perkembangan teknologi dan perubahan pola konsumsi telah memberikan dampak yang signifikan pada cara generasi Z mengelola keuangan pribadinya. Keputusan yang diambil pada tahap awal kehidupan finansial dapat memberikan dampak jangka panjang, dan literasi keuangan menjadi kunci untuk memahami risiko dan peluang yang muncul.Penelitian ini bertujuan untuk menggali lebih dalam dampak rendahnya tingkat literasi keuangan di kalangan generasi Z terhadap keputusan perencanaan keuangan pribadi. Melalui pendekatan deskriptif kualitatif, penelitian ini difokuskan pada mahasiswa Institut Pangeran Dharma Kusuma. Hasil penelitian menyoroti peran krusial literasi keuangan dalam kehidupan finansial generasi Z. Ditemukan bahwa literasi keuangan berperan penting dalam beberapa aspek, termasuk penentuan sumber dana, penggunaan dana, manajemen risiko, dan perencanaan keuangan masa depan. Penemuan ini memberikan pemahaman mendalam tentang hubungan yang kompleks antara literasi keuangan dan keputusan perencanaan keuangan di kalangan generasi Z. Implikasinya mencakup perlunya strategi pendidikan yang lebih terfokus dan program advokasi keuangan yang dapat memanfaatkan alat-alat teknologi untuk mencapai generasi ini secara efektif. Oleh karena itu, penelitian ini memberikan dasar yang kuat bagi pengembangan inisiatif pendidikan dan advokasi keuangan yang sesuai dengan kebutuhan dan preferensi generasi Z.

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“…Research Problem The study of Risk-Taking, Financial Knowledge, and Intentions Regarding Risky Investment brings more to the matter of the specific mechanisms in which financial knowledge and risk-taking behaviour play their part in investment decision-making (Molina-García et al, 2023). As a research concern, attracting the attention of experts to the possibility of narrow analysis, covering the issue of the specific role of risk perception and financial literacy provided variability of propensity to risk concerning the investment intentions.…”

Section: 1mentioning

confidence: 99%

Investigating Risky Investment Decisions: The Co-existence of Financial Know, Risk Appetite, and Planned Behaviour

Malik

2023

Jour. Pol. Soc.

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This study examines financial knowledge and risk foundation affect the choice of university students to invest in risky business. The tests indicate a likely link between financial literacy and higher risk tolerance levels, greater investment inclination, and more confidence in personal control over financial matters. Nonetheless, experiment didn't reveal that cognitive biases that influence risk perception mediate (moderate) relationship between financial education and whether people tend to invest in risky ways. The report declares that financial knowledge should be some obligatory training for students given only the increase of financial knowledge and risk perception together is capable to help young investors make right decisions.

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How does financial literacy influence undergraduates’ risk-taking propensity?

Cited by 9 publications

References 76 publications

Influence of skills and knowledge on the financial attitude of university students

Influence of skills and knowledge on the financial attitude of university students

Generasi Z, Melangkah di Era Digital Dengan Bijak dan Terencana

Investigating Risky Investment Decisions: The Co-existence of Financial Know, Risk Appetite, and Planned Behaviour

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