Some Insights Into Financial Literacy Among Undergraduate Students: A Case of Bosnia and Herzegovina

Abstract

The purpose of this research is to provide some insights into financial literacy among undergraduate students focusing primarily on the relationship between financial knowledge, financial attitudes and financial behavior and on possible gender and financial education gap in financial literacy. Using the purposive sampling technique, data collection was carried out from April to June 2020, yielding a sample of 1,046 valid responses. To gain a better understanding of the relationship between financial behaviour, financial attitudes and financial knowledge, we, primarily, use exploratory factor analysis and multiple regression model. The research findings have revealed several important issues. First, findings have suggested that financial knowledge, financial attitudes and gender may be considered as an antecedent of the financial behaviour of undergraduate students. Second, findings have also suggested a statistically - significant difference between the financial literacy of undergraduate students concerning their exposure to formal financial education.

La Educación Financiera de los Estudiantes Universitarios de Contaduría Pública: un Estudio de Caso

“…En este sentido, coinciden Folke et al (2019), quienes mencionan que existe una falta de conocimiento de conceptos financieros básicos, especialmente en adultos jóvenes, mujeres e individuos con bajo nivel de educación. Okicic et al (2021) resalta la importancia de considerar el género en los estudios sobre educación financiera, en especial entre los estudiantes universitarios. Así, Folke et al (2019) indican que las deficiencias en educación financiera prevalecen a través de los diversos países, sistemas económicos y niveles de desarrollo económico.…”