Population’s Financial Behavior: Demographic Features

Belekhova, Galina; Gordievskaya, Aleksandra

doi:10.15838/ptd/2018.2.93.10

Cited by 2 publications

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“…The most informed representatives about the variety of banking services, especially those who carried out on-line, are urban youth [12]. However, if we talk about the use of investment and credit instruments, not so much demographic aspects, including age, general features of Russian mentality (regardless of the region of residence) come to the fore.…”

Section: Discussionmentioning

confidence: 99%

Ethical Standards in Economic Relations: Relevant Aspects of Development of Russian Regions

Yarasheva¹,

Makar²,

Khasheva³

2019

Proceedings of the International Conference "Topical Problems of Philology and Didactics: Interdisciplinary Approach in Humanit

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The availability of financial infrastructure is an important component for development of Russia and its regions since its functional characteristics ensure economic growth. However, according to studies of Russian economists, not all regions of the country have established regional banks. In this regard, the issue of regional banking sector stability and the search for effective tools ensuring that stability remain relevant. It is important to increase effectiveness and efficiency of investments into economy of regions of the Russian Federation at the expense of preservation and development of regional banks, forming a relationship with the real sector of economy of Russian regions. In this regard we need to consider aspects of use of ethical banking instruments that are positive for economic development of Russian regions. An investment basis of Islamic bankingthe main tools and groups of methods of financing the real sector of economyare presented. "Negative" aspects of the functioning mechanism of the financial and economic sphere are shown. The limitations of using the Islamic economic model as an institution of ethical behavior in Russia and its regions are revealed. A comparative analysis of traditional (Western) and Islamic banks is carried out. Examples allowing one to judge about the experience of ethical banking application in Russian regions are considered. The main vectors of use of this institution to improve sustainability of Russian regions economic development are identified.

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Section: Discussionmentioning

confidence: 99%

Ethical Standards in Economic Relations: Relevant Aspects of Development of Russian Regions

Yarasheva¹,

Makar²,

Khasheva³

2019

Proceedings of the International Conference "Topical Problems of Philology and Didactics: Interdisciplinary Approach in Humanit

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Financial Behavior as a Result of People’s Interaction in the Socio-Economic Space

Makar

Yarasheva

Markov

2022

jour

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Financial behavior is a category and its relevance for Russia is growing rapidly along with the activity of people who carry out daily interactions in a dynamic socio-economic space at all its territorial levels (local, regional, national, and supranational). In this context, the authors emphasize the scientific significance of studying the process of behavior transformation leading to financial results. From the point of view of the authors, this is due to the understanding of the primary and secondary interdependencies, the coherence of the concepts used, their sequence, priority, and significance. The aim of the article is to show the connectedness of elements in the behavior of people who are actors simultaneously in three subspaces: social, economic, and financial, which are organized hierarchically. The goal is due to the diversity of people’s financial behavior and the need for a counter study of both the factors influencing it and the analysis of monitoring the intertwining forms of financial behavior. The authors use methods of spatial analysis, content analysis, and sociological factor analysis. The factors of influence are placed in the “pyramid” of subspaces, which contributes to their prioritization, the vectors of people’s interaction, the economic, socio-demographic determinism of their actions, and the territorial differentiation of the financial infrastructure, and other aspects are also highlighted. The article systematizes scientific approaches to the study of the economic and financial activities of the population from the point of view of the relationship of incentive motives which simultaneously affect decision-making. The study identifies structural elements of each of the three subspaces (relationships-resources-choice-experience), within which a person (social group) forms and implements a particular model of behavior. The main theoretical concepts used in the study of financial behavior are singled out: social relations, economic resources, financial strategy, and their relationship. The authors conclude that the financial behavior of people has a spatial structure. Its result is determined by the categories of three subspaces — social, economic, and financial, which together represent the “matryoshka” model. The proposed methodology is significant for identifying the characteristics of the financial behavior of young people and the factors influencing the transformation of their financial literacy.

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Population’s Financial Behavior: Demographic Features

Cited by 2 publications

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Ethical Standards in Economic Relations: Relevant Aspects of Development of Russian Regions

Ethical Standards in Economic Relations: Relevant Aspects of Development of Russian Regions

Financial Behavior as a Result of People’s Interaction in the Socio-Economic Space

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