International Handbook of Financial Literacy

Aprea, Carmela; Wuttke, Eveline; Breuer, Klaus; Koh, Noi Keng; Davies, Peter; Greimel-Fuhrmann, Bettina; Lopus, Jane S.

doi:10.1007/978-981-10-0360-8

Cited by 59 publications

(21 citation statements)

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“…Therefore, financial inclusion enhancement is required, and it can cause financial capability building (ACCION, 2019). Timely, accessible, costeffective, financially attractive, easy to use, safe & secure, and reliable financial products & services lead to financial inclusion (Aprea et al, 2016;Nizam et al, 2020;Sherraden, 2013). Another study stressed external factors (i.e., access to and use of services and products) concerning financial capability improvement and stated financial inclusion is an important point to be taken care of, for financial capability development (Chowa et al, 2014).…”

Section: Theoretical Background and Hypothesesmentioning

confidence: 99%

Improving financial capability: the mediating role of financial behaviour

Çera

Khan

Mlouk

et al. 2020

Economic Research-Ekonomska Istraživanja

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This paper investigates the collective impact of financial literacy and inclusion on individuals' financial capability focusing on the mediating role of financial behaviour. The research is conducted on an individual-level survey. The relationships were examined by using PLS-SEM. Financial capability can be improved by increasing individuals' financial knowledge, financial behaviour and promoting their inclusion in financial services. Furthermore, the indirect effect of financial knowledge and attitude on financial capability is found to be significant, highlighting the importance of financial behaviour. The results assist policymakers and industry leaders in understanding the most influential factors on financial capability in the context of a post-communist transition country. This enables them to design policies and services aimed at equipping citizens with knowledge and skills to make best use of their financial resources.

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Section: Theoretical Background and Hypothesesmentioning

confidence: 99%

Improving financial capability: the mediating role of financial behaviour

Çera

Khan

Mlouk

et al. 2020

Economic Research-Ekonomska Istraživanja

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“…Se refiere al proceso de información, asesoramiento o instrucciones a través del cual las personas mejoran su comprensión y conocimiento sobre los conceptos y riesgos financieros (Aprea et al, 2016;Fabris y Luburic, 2016). Lo anterior con el objetivo de desarrollar en las personas la confianza, la motivación y las habilidades que les permitan aplicar esos conocimientos y conceptos adquiridos en una gran variedad de contextos financieros; por ejemplo, para inducir a tomar decisiones responsables e informadas sobre planificación financiera, acumulación de riqueza, deudas, pensiones e inversión, con lo que se mejora el bienestar financiero de los individuos y la sociedad, y se propicia una mayor participación en la vida económica (Cordero y Pedraja, 2019;Förster et al, 2019;Liu et al, 2019).…”

Section: Educación Financieraunclassified

“…Hasta ahora, los hallazgos encontrados en estos estudios revelan en su mayoría que efectivamente los comportamientos financieros (es decir, la habilidad, la actitud y el conocimiento) de los estudiantes de secundaria se ven afectados positivamente por la implementación de la educación financiera impartida a través del currículo escolar (Aprea et al, 2016;Cordero y Pedraja, 2019;Lusardi y Mitchell, 2007;Supanantaroek et al, 2017;Tennyson y Nguyen, 2001), si bien su relevancia varía según el enfoque, las características y el tipo de curso impartido (Förster et al, 2019).…”

Section: Análisis De La Revisión De Literaturaunclassified

“…Además, los estudios que evalúan los impactos de la inclusión financiera en el bienestar de los jóvenes evidencian resultados económicos, sociales y de salud positivos, incluidos la titularidad de una cuenta de ahorro y mayores niveles de bienestar económico y financiero (Chowa y Despard, 2014;Chowa y Ansong, 2010), así como una relación positiva entre el ahorro, el rendimiento académico y las expectativas de los estudiantes (Aprea et al, 2016).…”

Section: Comportamientos Financierosunclassified

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Influencia de los programas de educación financiera sobre el comportamiento de los jóvenes: una revisión de literatura

Plata-Gómez

Caballero-Márquez

2020

revinv

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Dada la evidente necesidad de educar económica y financieramente a la población, se han implementado en diferentes partes del mundo estrategias y programas que permiten desarrollar los conocimientos y comportamientos financieros de los jóvenes. Sin embargo, existen pocos estudios que permitan extraer evaluaciones significativas del impacto de dichos programas sobre la transformación de los hábitos y comportamientos de los jóvenes en materia financiera. Por lo que, este artículo busca reconocer la dinámica de publicación de dichos estudios, así como, identificar a través de los resultados de las diferentes investigaciones, los principales comportamientos financieros que logran desarrollar los jóvenes a partir de los programas de educación financiera implementados en instituciones educativas a nivel global. Los resultados de esta investigación revelan que la implementación de estos programas, genera cambios positivos sobre algunos de los comportamientos financieros de los jóvenes, principalmente sobre su comportamiento de ahorro y planificación para la jubilación, lo cual les permite tomar decisiones financieras asertivas, mejorando así su calidad de vida y la de sus familias.

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“…Financial literacy is defined as "the knowledge and understanding of financial concepts and risks, and the skills, motivation and confidence to apply such knowledge and understanding in order to make effective decisions across a range of financial contexts, to improve the financial well-being of individuals and society, and to enable participation in economic life. " (OECD, 2014, p. 33;Aprea et al, 2016) In order to distinguish between agents who command analysts' educated financial literacy and agents whose financial literacy is considerably lower, I term the target reader groups with low financial literacy laypersons, notwithstanding their professional roles. Therefore, laypersons here includes, e.g., investors in other industries than finance, as well as mediators such as journalists without professional education in finance.…”

Section: Definition Of Key Termsmentioning

confidence: 99%

The language of numbers

Whitehouse

2018

AILA

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Wider parts of society-at-large are not fluent in the language of numbers, and financial literacy in particular is low in many countries (OECD, 2014). This paper shows how research on financial communication with and for practitioners (Cameron, Frazer, Rampton, & Richardson, 1992, p. 22) can foster intra-lingual translation in the financial sector, which increases financial texts’ communicative potential and finally enables laypersons to better understand the language of numbers. Such an increased understanding allows individuals to set up investment plans for their current and future wealth and, for example, make informed decisions about their pension plans. By doing so, financial crises on the individual, organizational, and societal level can be avoided, which benefits social welfare and society-at-large. Transdisciplinary Action Research (TDA) offers a framework and procedures to approach such goals through close collaboration of scholars and practitioners throughout research projects. Following TDA core concepts, a cyclic process of research and development has been established in the last two decades (e.g. Perrin, this volume; Whitehouse, 2014). Whereas applied linguists involved aimed at better understanding practices of writing and intra-lingual translation at the interface of technical and everyday language, stakeholders from the financial industry wanted to improve their communication. The representatives of society-at-large, finally, were interested in contributing to sustainably increasing financial literacy. In the first part of the present paper, I sketch the suitability of transdisciplinarity in general and TDA in particular in financial communication (Section 1). Then I define the key concepts of intra-lingual translation, communicative potential, and financial literacy (Section 2). Next, I outline the data corpus and explain how TDA was applied in a series of research projects (Section 3). The presented results on a macro-level shed light on the financial analysts’ situation and practices in their multilingual workplace: the findings on the micro-level suggest that financial analysts’ texts pose a risk of partial communicative failure (Section 4). The article concludes by indicating empirically based measures to develop financial literacy, intra-lingual translation across stakeholders and texts’ communicative potential in finance (Section 5).

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International Handbook of Financial Literacy

Cited by 59 publications

References 0 publications

Improving financial capability: the mediating role of financial behaviour

Improving financial capability: the mediating role of financial behaviour

Influencia de los programas de educación financiera sobre el comportamiento de los jóvenes: una revisión de literatura

The language of numbers

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