The Behavioural Aspects of Financial Literacy

Gerth, Florian; López, Katia; Reddy, Krishna; Ramiah, Vikash; Wallace, Damien; Muschert, Glenn W.; Frino, Alex; Jooste, Leonie

doi:10.3390/jrfm14090395

Cited by 9 publications

(5 citation statements)

References 63 publications

(81 reference statements)

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“…High level of financial literacy, as argued by De Beckker, De Witte and Van Campenhout (2021), Xiao and O'Neill (2016) and others, contributes to the increase in quality financial activity. Furthermore, a strong link between the financial education of a child and its behaviour being grown-up has been proven in a number of scientific studies (Alekam, Salleh and Mokhtar, 2018;Batty, Collins and Odders-White, 2015;Fernandes, Lynch and Netemeyer, 2014;Gerth et al, 2021;Kaiser et al, 2021;Mandell and Klein, 2009 and others). Along those lines, Kalwij et al (2019) reflected the results of an experiment on the impact of a 45-minute financial education program on children's financial literacy and savings behaviour in Dutch primary schools.…”

Section: Introductionmentioning

confidence: 96%

Formation of Financial Literacy in Primary School Students

Kuzma¹,

Chaikovska

Levchyk

et al. 2022

ERIES Journal

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The innovative methodology of the financial literacy formation in primary school students has been theoretically substantiated, the research has been carried out on the basis of education for success in life (integration of media education, financial education and education for sustainable development) and the relationship between the pedagogy of success and the pedagogy of heart. The structure of financial literacy has been determined. The model of the methodology of formation of financial literacy in primary school students has been developed, the key components of the suggested methodology include aim, content (structure of financial literacy, theoretical and methodical foundations of its formation, expected results of educational programs) components; algorithm of the arranged activities of students, parents and teachers on the basis of partnership pedagogy; the selected forms, methods, means of formation of financial competencies, diagnostic tools and the expected result. The experimental methodology resulted in a significant increase in the growth of financial literacy indicators in EG. The efficiency of the formation of financial literacy in primary school students has been proved with the help of the main findings of the research.

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Section: Introductionmentioning

confidence: 96%

Formation of Financial Literacy in Primary School Students

Kuzma¹,

Chaikovska

Levchyk

et al. 2022

ERIES Journal

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“…Behavior in the financial sector combines elements of managing cash flows, debts, saving funds, and investing in assets financial behavior has been shown to have the most impact on financial literacy levels (Rai et al 2019). Financial behaviors give insight into financial decisions on a managerial level, individual level, or development of investment strategies (Gerth et al 2021). Healthcare professionals experience a large leap in income and can have a difficult financial journey without a good knowledge base.…”

Section: Financial Behaviormentioning

confidence: 99%

Untitled

2024

AJHMS

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ATINER is an Athens-based World Association of Academics and Researchers based inAthens. ATINER is an independent and non-profit Association with a Mission to become a forum where Academics and Researchers from all over the world can meet in Athens, exchange ideas on their research and discuss future developments in their disciplines, as well as engage with professionals from other fields. Athens was chosen because of its long history of academic gatherings, which go back thousands of years to Plato's Academy and Aristotle's Lyceum. Both these historic places are within walking distance from ATINER's downtown offices. Since antiquity, Athens was an open city. In the words of Pericles, Athens"…is open to the world, we never expel a foreigner from learning or seeing". ("Pericles' Funeral Oration", in Thucydides, The History of the Peloponnesian War). It is ATINER's mission to revive the glory of Ancient Athens by inviting the World Academic Community to the city, to learn from each other in an environment of freedom and respect for other people's opinions and beliefs. After all, the free expression of one's opinion formed the basis for the development of democracy, and Athens was its cradle. As it turned out, the Golden Age of Athens was in fact, the Golden Age of the Western Civilization. Education and (Re)searching for the 'truth' are the pillars of any free (democratic) society. This is the reason why Education and Research are the two core words in ATINER's name.

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“…Inventors use intuition, expertise, or experience to make decisions. Investors tend to feel their decisions are precise and correct without considering other considerations, or they are overconfident (Gerth et al, 2021). Gonzalez (2018) states that in Spain and Portugal Investments, female investors are more risk-averse and practical.…”

Section: Behavioral Finance and Investment Biasesmentioning

confidence: 99%

Driving Forces: Generational Differences on the Purchasing Behavior of Investment Assets among Gen Y and Gen Z

Quetua

Juan

Katipunan

et al. 2023

MEC-J

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With the rising numbers and interest in the financial literacy of Filipinos, more and more people are delving into investment assets. In this case, investment firms in the Philippines must discover new methods to address the current demand for investment assets better and plan effective strategies. This study aims to identify the purchasing behavior and factors influencing investment intention among Gen Y and Z investors. In order to assess the generational differences in behavioral patterns, the researchers used a quantitative approach using the convenience sampling technique for data collection. The data was analyzed using Partial Least Square-Structural Equation Modeling (PLS-SEM). The data collected in this research will help the firms know the behavior of their target market. Thus, acquiring the right strategies would increase sales of the said investment firms and help them determine the appropriate target market. This research shows that only financial literacy has a significant relationship with the investment purchasing behavior of both Gen Y and Gen Z investors, and there is no significant difference between their investment intentions. In order to influence both generations, marketing promotions of investment firms must appeal to the investors' prior investment knowledge. The results of this study will help the firms know the behavior of their target market, and thus, acquiring the right strategies would lead to the increase of sales of the said investment firms and would help them determine the appropriate target market.

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The Behavioural Aspects of Financial Literacy

Cited by 9 publications

References 63 publications

Formation of Financial Literacy in Primary School Students

Formation of Financial Literacy in Primary School Students

Untitled

Driving Forces: Generational Differences on the Purchasing Behavior of Investment Assets among Gen Y and Gen Z

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